Cutting Costs on High Tech Gear and Electronics

Consumers desire the latest electronics and high tech gear, but unfortunately cost can be prohibitive. Savvy consumers have blogs, websites and books dedicated to saving money both for the home and business. Here are a few non-traditional and creative ways to save money when it comes time to buy the needed items to outfit an office or the latest technology gadget.

 

Online Auctions

Online auctions claim to save buyers anywhere from 25%-75% on all sorts of items. One online auction generating attention is Quibids It’s free and easy to create an account but in order to bid, one must first purchase 100 bids at 60 cents a bid. Smaller bid packages may be purchased after the initial purchase. Items can be placed on a watch list to track selling prices at certain times. We saw two remote-controlled cars sell for vastly different amounts. In the early afternoon it sold for one bid (60 cents) and later that evening sold for 240 bids.

 

If one loses a bid on an item, QuiBids will sometimes offer the item at a Buy Now price, and will subtract the bids already placed on that item. For instance a $50 gift card that had $40 worth of bids already might be available to purchase at the remaining cost of $10.

 

Auctions are not a guarantee of lower prices, but often a creative way to try to buy high priced items at lower costs. All items on QuiBids are new and items ship for free within the U.S.

 

Use Online Shopping Carts

Another way to save money is to shop on-line at sites like Amazon. Items can be placed in a shopping cart for later and will adjust as the price either drops or rises. Amazon Prime membership will also save money on the item price and get two-day free shipping on Prime items. Overstock.com often offers cheap shipping as well.

 

In addition, if you place items in an online shopping cart but do not complete the purchase, you may receive an email within a couple of days offering you a discount on the items in your shopping cart. It’s the store’s way of following up to close a sale.

HiTechmoney

Planning and Patience

A tried and true way to save money on electronics and high tech gear is to plan ahead. During the year there are times when high priced items are on sale. Televisions, cell phones, iPods, digital cameras, computers and more have yearly sale times, especially when new models come out.

 

It’s good to research before purchasing. Consumer Reports has a list of which items commonly go on sale and when so that you can better plan in advance. For instance, computers are a popular sale item before school starts and TVs in January. You can also avoid spending hundreds at once when you buy an item by pre-buying gift cards in smaller amounts to save up for a particular item. Purchase gift cards at many retail outlets as well as online via Google Play, Apple, Best Buy, Amazon and more.

 

Gift cards can also be used anytime, including during Black Friday sales weekend. Stores advertise specials on everything, including electronics. Long lines may deter consumers from Black Friday sales, but it’s worth researching what items stores are selling at discounted prices as often you can get items for pennies on the dollar. Buying gift cards ahead saves you spending the full amount all at one time.

 

Ask

A great way to have the latest smartphone and save on monthly bills is to ask the phone carrier if there are deals, upgrades or discounts available. Customer service agents work hard to create customer loyalty by offering discounts, deals, and reviewing bills to make sure consumers are getting the best rates. Many big phone companies offer deals and discounts to keep customers happy (this also applies to cable/satellite and internet services) and you will never know-unless you ask. Remember the person on the other end of the phone wants to sign new people up and make sales.

 

Saving money is a strategy that can be applied to every aspect of business, including keeping up on the latest products that help save time, money and manpower. High priced technology and electronics can be made more affordable by research, planning and patience.

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