Seven Ways to Save Money on Tech
Wait For The Sales
The first step is simple enough. You could wait for sales. It’s worth noting that you won’t usually find the absolute latest models and tech on the market in the sales. If they are, then you probably aren’t going to see huge savings here. However, that’s okay, because you will be able to access tech from a few months ago.
Even the most prominent tech fanatic will tell you that technology evolves so quickly these days that it’s the same device. The sales include Black Friday, end of summer, beginning of summer, New Year as well as countless others. You should pay particular attention to businesses that are closing their doors because then everything needs to go. Of late, digital sales have also become more significant.
For instance, Cyber Monday was more successful for stores than Black Friday last year. So, it’s definitely worth keeping this in mind when you’re thinking about what sale to focus on.
The trick with sales is to make sure that you are looking around for the best deals from different sellers.
Look For Great Deals In Unexpected Places
You can find deals anywhere and everywhere. For instance, you might be thinking about getting a new phone in the future. Well, there are great ways to keep the contract affordable such as on Smarty. If you refer a friend get one month free with this phone company. That’s a great option, and if you refer 12, they give you the whole year! It’s just one example of how fantastic deals on tech are out there if you search the market.
You can even keep an eye on influencers online. Sometimes, they too, are given the power to provide great deals to their followers. For instance, Bella Thorne recently built up a storm when they claimed that she was offering her users with a massive 75% off Airpods. Unfortunately, the reality was that the money was for a copycat product, and that neatly brings us to our next point.
Consider The Copycats – They Might Be Better
Yes shockingly, sometimes the copycat devices, cheap ripoffs, and the replicas can be better than the real deal. They are also a lot less expensive, so you can get a quality piece of tech by spending less. The only issue to be aware of here is that there is a good chance that they won’t last quite as long. You also probably won’t get all the advanced features, but if you’re on a budget and you check reviews, it can be a great choice.
Have you ever thought about professional sweeper? Mainly, professional sweepers enter as many competitions as they can to get the best and biggest prizes. It probably won’t surprise you to learn that a lot of prices offered in these sweepstakes are the tech that you want. This could be anything from a brand new games console to an excellent laptop or TV.
There are a few things to be aware of about sweeps.
First, one of the most crucial parts to keep in mind is that it is not simple. You’ll need to enter multiple sweepstakes a week to stand a chance of winning, and some people dedicate their whole career around this concept or idea.
Second, you also need to make sure that you are careful about what sweeps you should focus on. Ideally, you need to make sure that you are looking ones where it’s a little more challenging to enter and win.
The thinking here is that you will be able to make sure that you don’t have to worry about the high number of entries. So, it gives you better chances. Anything that takes more than an hour is going to deter a lot of the crowd.
Don’t Dodge Email Marketing
A lot of people tend to block marketing from tech companies. When you choose to buy a product from a company, they will immediately gain access to your email. As well as updating your order, they will use it to engage with you in the future. The aim here is to make sure that you become a loyal customer and that you don’t forget about their business. It’s worth noting that while this can seem like spam, there’s often a lot of great deals tucked inside these emails.
Businesses are attempting to show the value that you gain from their service. One of the ways they do this is by using the ‘secret club’ marketing tactic. Primarily, they will provide great deals to you, the consumers, for being part of their mail service. If you have the business emails, registered as junk, then you’re going to miss what can be some fantastic deals.
That’s why you want to make sure that you are not falling for this crucial error. It’s worth needing to siphon through some useless content to make sure that you can access unbeatable deals which can provide as much as 50% off the best tech, mainly when it’s time for the sales.
Do make sure that you are searching the market for different deals. That’s true whether you are buying tech or looking at signing up for new tech service. It’s worth noting that the savings here aren’t going to be massive. If they are, there’s a good chance the company is advertising an older model as the newer ones, and you don’t want to fall for this tactic.
Amazon was found guilty of this last year and had to return several laptops to angry customers. This seems to have been an honest mistake, but the reality is that it doesn’t matter. For every customer that noticed the issue, there are plenty more who were completely oblivious.
So, how much should you expect to save by shopping around? Anywhere around ten percent off the original price can be normal. Twenty percent is possible, but pushing it for a new product on the market. Anything more will likely be a mistake, but there have been cases where errors have been made, and the sales have stuck. For instance, last year the Xbox One X sold for less than £100 in supermarkets across the UK.
Take Your Business Elsewhere
One of the most expensive things about tech these days is the subscriptions, and it’s only going to get worse. Take the video streaming market as an example. Netflix once ruled that market, but now we have Amazon Prime and Hulu. Soon many more will join the market, including:
- HBO GO Max
- Disney +
- NBC Universal
- Apple +
This certainly isn’t the only issue that is causing to tech subscriptions so cost a fortune. So how can you save? A simple trick is to call up your provider and float the idea that you are thinking about taking your business to another company. You can always mention a competitor that is offering a better deal. Now, this won’t work if you’re locked into a contract and if you’ll have to pay more to leave than they’ll lose by missing you as a customer.
However, it will towards the end of a contract, and there’s a simple reason for this. The people handling these calls work on commission, and if they lose you, it costs them big. So, they’ll do quite a lot to keep you, and if you are a loyal customer, they usually have a lot of leniency about what they can offer.
Michael launched Your Money Geek to make personal finance fun. He has worked in personal finance for over 20 years, helping families reduce taxes, increase their income, and save for retirement. Michael is passionate about personal finance, side hustles, and all things geeky.