The world of e-commerce is vast. All you have to do is find an item here and there that is on sale. Hopefully, you can make that sale even better by earning (or redeeming) some form of store loyalty credit, adding a great portal bonus, and paying with a discounted gift card. Please the Rules of Engagement if you aren’t clear on that process. What does this have to do with your wedding? Not a whole lot, unless you, like everyone else on the planet, could use a couple extra bucks, have a father or other men in your life that will be gift recipients, or you opened credit cards to get a free honeymoon and need to meet the spend minimum.
Here is today’s example of making $69 in a matter of minutes (even if it took an hour, isn’t that pretty good?):
Sears is selling an impact wrench (I don’t even know what that is) for 50% off. I’ve added it to my Best Deals catalog. (Hint hint: you should really add me as your personal shopper so you don’t miss out on these offers…there are other great products in that catalog that you can make some money on, too!) Add in tax and my total was $132.80.
Turns out Amazon sells this product for just under the normal retail – $237.49. It is ranked around the 250,000 mark in Home Improvement, which is good enough for me. The fees look to be around 15%, but for the sake of argument…I’ll call it $40 if I sell the item for $200. I should be able to sell it for $225 and the fees will be less than that, but let’s stick with easy numbers and plenty of margin.
A quick scan through the Sears Deals Center shows a nice $10 back in Shop Your Way Rewards on $100 in tools. Free points!
Ebates is offering 6% cashback (and you should totally be using Ebates and referring people to it while they’re offering a $50 bonus! Yes, that last link helps sort out the details.) Fantastic. 6% on $125 is $7.50. Don’t calculate on tax.
Icing on the cake here…I have a small stash of Sears gift cards that I received in exchange for Discover cash back. $20 worth of Discover cash gets me $25 worth of Sears credit – so $80 worth of Discover cash gets me $100 worth of Sears credit. Not bad, right? On a $125 purchase, I am saving $20 + $5 = $25 (there’s some common core math for you…20% of $100 = $20. 20% of $25 = $5. $20 + $5 = $25.)
- If you don’t maintain a stash of Sears gift cards…well, you can reload a gift card from the Sears site (which you navigate to by way of Ebates) – you’ll still get the 6% back. In this case, then, instead of a $25 savings, you’ll get a $7.50 savings. Be sure to call Sears right away to get them to process the reload transaction at 888-396-5299.)
Purchase Price: – $132.80
Amazon Expected Sales Price: $200
Amazon Worst-Case Fees: – $40
Sears SYWR: $10 (hey, they’re also giving me $1 for accepting a one-day slower delivery…fine by me)
Ebates Cashback: $7.50
Gift Card Discount: $25
= -$132.80 + 200 – 40 + 10 + 7.50 + 25 = $69.70 (note that this will be $52.20 if you go through Ebates)
Heck, I think I’ll buy two…
What does this have to do with wedding planning?
As with many of my posts, here’s the list of reasons this is relevant:
- You opened a credit card and need to meet a spend threshold to earn a sign up bonus. Do not spend money for the sake of this bonus – spend what you need to spend…and make up the difference on creative “manufactured spend” like this.
- You need a couple bucks to cover this that and the next thing. Dear reader…wouldn’t an extra $69 cover at least an elaborate mani/pedi? YES! How about your rehearsal dinner dress? A gift for a member of your wedding party? This is money in your pocket to spend on whatever expenses aren’t yet covered. Else, use it to pay down your debt!
- You need gifts for the men in your life – your dad, brother, fiance, groomsmen, etc etc etc…
- You need gifts for a couple in your life – engagement party, wedding gift, etc etc etc…
- You happen to need this thing yourself.
Does this help?
Are you interested in becoming an Amazon Seller? Does this example motivate you to find great deals of your own? Please leave a comment or send a message if you need guidance!