Tag Archives: price matching

App of the Week – Earny

earny_LEverybody shops online. Black people especially enjoy the power and convenience of e-commerce. But shopping online has one big drawback and that is buying something only to discover it at a cheaper price later or at another website. That is why Earny is the App of the Week.

Earny allows online shoppers to get a better price by finding the item you purchased at a cheaper price and then getting you a refund for the difference. Yeah, you read that right! Earny will get some money back for you. Not only that but you pretty much don’t have to do a thing.

The app tracks your online purchases and finds your e-receipts by connecting with your email and Amazon accounts to see if you got the best deal. If Earny finds a lower price it will request a refund for you and take a 25 percent cut of the action. The balance will be credited back to your payment card. Yeah, you read that right! Earny automatically tracks your purchases and files for refunds or credits when it beats the price you paid.

Earny is programmed to understand the price match policy of online stores and knows how to file claims without any help from you. Think of it as a robot refund machine.

Earny can track purchases from over 50 stores including such giant retailers as Amazon, Target, Walmart, Best Buy, Nordstrom, and many others. Is this the bomb or what?

Earny is about to get a lot better according to co-founder Oded Vakrat.  Vakrat plans to provide consumers with the same protections across a variety of services.

“For example, flight tickets, hotels, car insurance, health insurance, phone plans – all those things we will focus on in the future,” he says. “We want Earny to watch your back for every payment you make,” adds Vakrat.

Earny is free and available at Apple and the company is developing an Android version.

Online Holiday Shopping Series ALERT!

You may not know it but holiday spending by American consumers account for as much as half of yearly sales. So every holiday season retailers gear up to fight tooth and nail for your money.

Well its not even Thanksgiving yet and it seems Walmart, the big gun in the holiday shopping war, has opened with a significant salvo. The world’s largest retailer has announced that it will match online prices in the store.

According to Reuters, “Wal-Mart Stores Inc has informed managers of its roughly 5,000 stores across the United States that they can match prices with Amazon.com Inc and other online retailers, the head of the company’s U.S. business said on Thursday”.

So here is the real deal; Wal-Mart will match online prices as long as they have the item in store. There is a good chance they will and an equal chance they won’t. Your neighborhood Wal-Mart has a limited amount of storage space. They don’t compare to online stores like Amazon.com who’s warehouses are probably six times the size of your average Wal-Mart and they have a lot of them.

So the real question becomes; how can long can Walmart wage this price matching war? Let’s not forget we’re talking about the worlds largest retailer. Online retailers like Amazon.com can afford to offer lower prices because they have less overhead. Walmart has to foot the bill for brick-and-mortar stores, pay all those employees and don’t forget advertising.

It should be interesting to see if Wal-Mart fights this war beyond the holidays. My money is that they won’t even try it. Its Christmas and they want that foot traffic in the stores. They know its almost impossible for someone to walk into the store and not buy something. Its called impulse buying. So if you go to Wal-Mart looking for a digital camera you saw online and they don’t have it you’re still likely to leave with a new fake Christmas tree or lights or a something. That’s the real magic behind this deal.

But if you are shopping online and see a great deal on a tablet computer haul ass to Wal-Mart for a price match. You really can’t lose.

Now You Know

Online Holiday Shopping Series #2

canstockphoto15907634If you plan to shop online this holiday season you need to get a battle plan together. Saving money is not always made easy for you but if you develop a strategy and method to stay up on the latest sales it could pay off big…really big.

Step 1) Set up an email box strictly for your shopping information. Don’t use your own personal email unless you love getting a lot of spam. Stores love to get email addresses and they also love to email coupons. Also make an effort to follow your favorite stores on their Facebook or other social media site. Another really cool thing stores will do is announce sales and discounts only through email and text messages. If your name is on the list you can can get some nice additional discounts on sale items. This is a favorite tactic of Stein Mart stores who regularly issue incredible savings coupons on the Internet. You have to know where to look for them so click on the link to see what I’m talking about. You can sign up for coupons at stores like Bed, Bath & Beyond, Macy’s, JCPenny and many more. 

Coupons are just the beginning of the benefits of signing up for email alerts and coupons. Last year a major electronics retailer offered flat screen televisions, any size, for half price on a certain day of the week. If you were not on their email list you never knew about it. This beats the hell out of waiting in line at 5:00AM on Black Friday. Of course the number of sets were limited in each store but the deal was a great one if you knew about it.

How about being invited to an exclusive sale?  Last holiday season a popular retailer of women’s’ plus size clothing held an after hours sale exclusively for people who responded to an email. The sale offered items for as much as 70% off. You missed it didn’t you?

You don’t have to do this alone. Ask a friend or two to join you using that special email box. Each of you should sign up for stores you all enjoying shopping at. Keep each other informed about sales and monitor social media for sales as well. You never know when Macy’s may Tweet a sale.  Work as team and you could end with a pretty good repository of sales and coupons. And its good all year long since stores hold sales all year round.

Step 2) Focus on price matching. If you find an item at one store for less than another then you can ask the store to sell it to you for that price. Even if they don’t do price matching they very often say yes. Here is a list of stores that have excellent price matching policies. What is great about this is that some store will even match the online price. Check out this list of stores that match online prices.

Step 3) Learn the best shopping apps and load them on your smartphone or tablet. VentureBeats.com offers this list of the 8 best shopping apps. One of the great things about some shopping apps is they they can do a lot of the work for you. Although we will focus on shopping apps later in this series you need to read up on them now before the shopping season gets intense. A good shopping app can do things like watch the price of a item for you and alert you when it drops to a certain level. Some apps go out on the  Internet and find the item at a cheaper price. Other apps will monitor sales at certain stores for you. Apps are amazing and can help keep a few extra dollars where they belong and thats in your pocket.

Step 4) Pick your days carefully. Believe it or not the best day to shop is not black Friday or Cyber Monday. How about Thanksgiving evening? Research indicates that instead of watching football you may want to get online to shop for those Christmas gifts.

As long as we are on the subject of Black Friday sales I’ll let you in on a little secret. First of all the best sales are not on Black Friday. As matter of fact if you wait those same prices will re-appear either online or at the store. Second, there is an extremely limited quantity of those incredible sale items. For example if you see a 50 inch flat screen television advertised for dirt cheap you can bet there are a very few in the store. Check the ad and you will see the word “Limited Quantities.” So get some sleep and preserve your dignity. Black Friday sales are not all that great. You can see a list of 16 Black Friday myths right here.  

Finally, there is a rule of thumb that I would like black people to keep in mind this Christmas shopping season; Its not what you make but what you keep. These tips are intended to help you keep your money. Regardless of what or who you are shopping for there is no reason to pay too much. I have the privilege of knowing a woman who I call the Discount Diva. You could say she is a professional at finding the sale for exactly what she wants even after she has already purchased it. Its amazing but I have seen her go into a store and come out with money. How? She is a practitioner of finding the item she has already purchased on sale for less than what she paid for it. She then goes back to the store with her receipt and asks for the difference. And most times the store will refund the difference. Its amazing but it is an excellent example of how a good shopper works. I urge you, this season, be that shopper.

Now you know