Believe it or not there are a couple of stealth strategies that you can use to save extra money when shopping at your local retailer other than coupons and regular promotions. These strategies are effective because they allow retailers to reduce inventory, make a sale, and, in most cases, make a profit. Retailers hate having excess inventory and they love sales. Furthermore, while retailers want to make a profit, they are willing to give up profits or even take a loss to reduce excess inventory. They would rather be holding cash than inventory.
With that said, here are four strategies you can use to save money and help retailers reduce excess inventory:
- Know the seasons.
- Buy in bulk.
- Ask for a discount.
- Buy the display models.
Before I start to explain each strategy in detail you should understand that the effectiveness of each strategy will vary depending on your location and the type of retailer.
Know the Seasons
Most retailers promote certain products heavily during specific times of the year. Usually the items are specific to seasons like winter, summer, fall and spring. Retailers also promote items specific to holidays like Thanksgiving, Valentine’s Day, Christmas, Easter, or Halloween. As a shopper looking for deals you should to be aware of these different holidays and special times of year. Retailers become very nervous as seasons come to a close because they are holding a lot of inventory that they cannot sell until next year. As a result, they are more receptive to giving you a discount on certain products if you ask. Just ask and see what happens.
Buy in Bulk
If you happen to be buying a large quantity of a single item, then you should ask to see if you can get a discount. This usually will not work if you are buying several different items. It also will not work if the item is already on sale or has an existing discount. If you are buying items for a special cause like a school function or charity, then let the manager know that. You have a better chance of getting a discount if you tell the manager that you are buying for a special cause.
Ask For a Discount
Most chain stores offer specific discounts to certain people. Unfortunately, these discounts are not usually advertised like they should. It is up to you to ask what discounts they offer. If you are a senior citizen (55 and over), military veteran, civil servant, or police officer, then you should definitely ask for a discount. Another thing, you want to speak with a manager about these discounts.
Buy the Display Models
Retailers know that most people prefer to buy products that are in the packaging. Sometimes, even with big discounts, people will not buy the display model. The fact of the matter is that most of the time the products on display are as good as the products inside the packaging. Another advantage of getting the display model is that if it requires assembly you do not have to put anything together. With that said, you should offer to buy the display models at a discount. When you buy display models remember to ask for the packaging that it came in just in case you have to return it.
Lastly, most of these strategies are win-win situations where you get a break in price, while the retailer reduces their inventory and makes a sale. So do not think that you are doing anything wrong by asking for discounts.