Did you know there are a lot of legitimate ways to make money with grocery coupons? I thought that there was only way to make money with supermarket manufacturer coupons; the way we all know which is to save the money you would have spent at the store. But surprisingly, after a little research, I found out there were many, many more ways to utilize grocery coupons as a means to generating cash flow. Let's look at a few of them, and you will likely be as surprised as I was that something as seemingly insignificant as a cents-off grocery coupon really can put some extra green in your pocket.
Making Money with Coupons by Not Spending Money on Groceries
This is the way we are the most used to utilizing grocery discount coupons. You clip, sort, and file your coupons and rebates. Next, you scan the weekly store fliers for marked down products that match your coupons. When you find a bargain, you take you coupon (or multiple coupons) to the store with the already reduced priced product, purchase and get either a free or very close to free item in the process. If you are really good at the process, you obtain multiple high face value coupons for the same offer, shop only in double coupon stores or on triple coupon days, and jam your cupboards full of free products. It is easy to get free stuff right? The more free stuff you "buy" the more money you do not spend on the things you need, so the more money you have in your pocket. Nothing is simpler and maxing out your savings with grocery coupon shopping is one of the easiest mass give-aways of all time to prosper from, bar none. Even better, there are either free or multiple free items available every single week. The options for getting high quality free stuff never goes away, another offer just replaces it week in and week out.
How can this help you to generate cash? Well, I have three strategies for you that will help you to actually make money for your efforts. Once you have a bunch of free stuff stock piled you are in business, quite literally.
Reselling Your Free Grocery Finds to Friends, Family or Classmates
Yeah, I got so good at this when I was in college that I could literally fill my pantry with $20 a week to the point that I would never be able to use all of it myself. Once college was over, my extended family was the lucky beneficiary of my bounty. Finally, I got tired of having those same friends and family mooch off my efforts so I started to sell them the stuff, at a really cut rate price of course. I generally marked stuff up to about a 30% margin and had a sale once a month to move things through. Everybody was happy in the long run. I got to make a little money off something I enjoyed doing, and my friends got good quality products at a price lower than most of them would ever bother to take the time to get themselves. It was a good deal for everyone, and eventually I even included several elderly people to my shopping list who were greatly in need of the savings. They were happy to get good, nutritious food at the very low price without the need to go shopping themselves.
I think the important thing to remember is that you need to make it a win-win situation for anyone who buys from you by offering a clear cut value. You make a little cash on the side for your services and everyone else gets a real bargain in the process.
Relling Your Free Groceries to Charities
Eventually, word of my abilities got around to a local church which was running a small food pantry. They asked me if I would consider donating my time, free products or shopping for them at a reduced rate. I was happy to do both. We worked out a deal where they gave me their list of most needed items and I went to work figuring out how to get them the products they needed. Eventually I ended up offering products I could get for free on their most wanted list at about 15% of the shelf price and then donated another item they could use for free which was not on the list. I also gained the support of a really dedicated group of ladies (and one gent) who would clip, sort and file coupons for me every week. I'd then go through the sales fliers and layout a shopping list. Those same ladies would also help me shop so that we could maximize the amount of goods supplied. Again, this is a win-win situation for everybody involved. Basically, the amount charged to the charity was enough to cover gas and wear and tear on my car. I kicked in my time for free and they got a much needed steady supply of items for those in need.
Relling Your Free Groceries on Online
A third option is selling your freebies online. I have sold lots of 12 tubes of toothpaste, deodorant, shampoo, conditioner, you name it online. Selling all the extras you can not use yourself online is a good way to make some serious coin. Most lots of a dozen items will sell for about $12- $15 or more depending on the item. If you do not want to spend the money for listing fees, try Amazon or USFree ads to place a free listing.
I tend to love selling all the extras, because I know there are a lot of people who really need a good deal with the economy still struggling. The key to getting a good price is to start your auction listing at a buck or under (saves you lots on the listing fees) and then being happy with what you get your auctions to close at price wise. Remember all of the items you are selling were free to you from using supermarket coupons, or very close to it, so all of what you make is pure profit. Listing at a higher rate where you may not get the sale and have to pay to relist your auction is of no value to you. List it once for a fire sale price and move the products through.
The above is by no means a full list of making money with grocery coupons, although, you get the picture. If you are willing to put in the time, there is plenty of money to be made buy purchasing very low and selling high. Food producers are fighting for your dollars with consumers buying only the essentials. The deals are great right now and you will likely be able to find multiple free items every week when using your supermarket coupons for shopping.
Get more ideas for making money with grocery coupons in part II of this articles.