Amazon is a go-to online shopping platform for millions of people worldwide. However, with the vast array of products and deals, it can be challenging to navigate the best ways to save money. Here are ten effective strategies to help you maximize your savings on Amazon.
1. Subscribe and Save
Amazon’s Subscribe and Save program allows you to set up regular deliveries of items you frequently purchase and offers up to 15% off. This is particularly beneficial for household staples like toiletries, pet food, and groceries.
2. Amazon Prime Membership
While it comes with an annual fee, Amazon Prime offers numerous benefits that can lead to significant savings. These include free two-day shipping, access to Prime Video and Music, and exclusive deals. According to a report by Consumer Intelligence Research Partners, Prime members spend an average of $1,400 per year on Amazon, compared to $600 for non-members, indicating the value they get from the membership.
3. Use Amazon Warehouse Deals
Amazon Warehouse offers discounts on quality used and open-box items. From electronics to home goods, these deals can help you save up to 50% off the regular price.
4. Take Advantage of Lightning Deals
Lightning Deals are promotions that offer significant discounts on specific items for a short period. These deals are available until either the promotional period expires or all the available promotional discounts are claimed.
5. Use Amazon Family
If you have young children, Amazon Family can help you save up to 20% on diapers, baby food, and more. Plus, you get exclusive family-oriented offers and age-based recommendations.
6. Shop on Amazon Prime Day
Amazon Prime Day is a yearly event exclusive to Prime members, offering some of the biggest discounts of the year. In 2020, third-party sellers on Amazon earned over $3.5 billion during Prime Day, a nearly 60% increase from the previous year, highlighting the scale of the event.
7. Use Amazon’s Trade-In Program
Amazon’s Trade-In program allows you to exchange your old items for Amazon gift cards. This is a great way to declutter and save on future purchases.
8. Check Out Today’s Deals
Amazon’s Today’s Deals page features hundreds of limited-time offers, including Deal of the Day and Lightning Deals. Checking this page regularly can help you catch the best discounts.
9. Use Amazon Credit Card
Amazon offers its own credit cards with benefits like 5% cash back on Amazon and Whole Foods purchases, 2% back at restaurants, gas stations, and drugstores, and 1% back on all other purchases.
10. Use Price Tracking Tools
Tools like CamelCamelCamel and Honey can track price histories and alert you when prices drop, helping you buy at the best possible price.
Related Saving Tips
Amazon offers numerous ways to save money, from membership programs to daily deals and trade-in options. By taking advantage of these opportunities and using price tracking tools, you can make the most of your Amazon shopping experience and significantly cut your expenses. Remember, every penny saved is a penny earned!