Extreme couponing is a growing trend which can save shoppers money if they are patient enough to devote hours to clipping coupons and learning coupon policies. According to Sheila Dougherty (2011) “Extreme couponing features people who spend way too much time in stores and pack their houses full of things they couldn't possibly consume or use at all” (para.4). For some extreme coupon shoppers, couponing is a way to save a lot of money on bulk staple items they will use later. Some couponers rack up on large quantities of items so they can resale them for profit. No matter what the motive is behind extreme coupon shopping, it is worth taking interest in as it can save tons of money. In the article Extreme Couponing, Kayla Webley discusses the increased use of …show more content…
couponing. Couponing became popular during the economic decline in 2008 as a way to save on costs. Extreme couponing craze began after the television show Extreme Couponing was aired in 2010. The show showed which showed how everyday people extreme use of coupons to buy hundreds of dollars worth of goods for a fraction of their value. Extreme couponing can reduce shopper’s bills by 50%. Couponing takes discipline and organizational skills. Starting a coupon collection involves searching for coupons in newspapers and by browsing the internet. Sometimes couponing involves buying multiple newspapers to have enough coupons to get more than one item for free. This can be a long process. However, couponing websites such as thekrazycouponlady.com can make coupon searching much easier. The website has a database of coupons for specific stores and items. The krazycouponlady.com website also teaches beginners couponing strategies on how to get the best bargains. According to Leigh Elmore (2011), “[they] match deals with coupons, overlapping promotions, and rebates until you're saving way over 50 percent—getting things for free and sometimes even getting paid to shop”(p.26)! It’s a good idea to organize coupons so they can be accessed when needed. There are other websites and books that offer additional extreme couponing tips. It’s important to determine wants verses needs when couponing as extreme couponing can become addictive. Some extreme coupon shoppers are so thrilled about getting a deal that they purchase items that they will never use because the item was so cheap or it was for free. For instance, a coupon for a frozen pizza can lead up to 10 pizzas if it lines up with an in-store sale. This can quickly lead to too many items being in the home. Stockpiles of staple items are usually stored in food pantries, closets, garages etc. When there is not enough room for storage the items can start to crowd living space. Some extreme couponers take extreme measures to obtain coupons. According to Rick Jervis (2011) newspaper thefts have increased since extreme couponing became popular. Extreme couponing is so addictive that some extreme couponer’s go so far as to steal newspapers from stores and out of people’s front yards. Stockpile sales are a way for an extreme couponer to get rid of excess items they cannot use. This is a good deal for both the extreme couponer and the buyer. An extreme couponer can resell their items for half the store price. For example, a couponer who bought a bar of soap for .60 cent at the store can resale it for $2.00 at a stockpile sale for profit. Stockpile sales are a great way to help consumers save money on expensive staple items such as laundry detergent, hygiene products, beauty products and paper goods. Another alternative to get rid of excess items is to donate them to charity. Shoppers who are interested in couponing should network with people who enjoy couponing.
There are websites, informational blogs and couponing classes. There are also books for beginner couponers to read. Extreme couponing is a challenging and fun hobby which can save money as long as it doesn’t become a time consuming obsession. Buying several newspapers, organizing coupons, shopping at multiple stores can take a lot of time. This is why it is best for a shopper to know the difference between their needs and wants before shopping because it might not be worth it if the time is spent buying items that won’t be used anyway. The individual shopper should weigh out the benefits of couponing. Having items in bulk at home can be convenient. Extreme couponing not only saves money but saves shoppers less time in the store when they purchase items in bulk. When an emergency comes up extreme coupon shoppers already have what they need. Couponing can be a satisfying experience. Couponing is also a good activity which can be done with family. For example, kids can have fun cutting out coupons and organizing them into binders. Couponing can be a good way to socialize with family and friends when they are
involved. References DOUGHERTY, S. (2011). Flat-out greed outweighs savvy frugality in TLC's 'Extreme Couponing'. Advertising Age, 82(27), 13. ELMORE, L.(2011). Passionate ABOUT empowering WOMEN. Women In Business, 63(1), 24-27. Rick, J., & USA, T. (n.d). 'Extreme couponing' craze, cable show tied to newspaper thefts. USA Today.
Struggling with your household budget since prices keep going up and up? How can you continue to purchase the products your family consumes? An increasing number of families are depending on coupons to extend their budget by, using them to purchase products well below retail price. Couponing does require commitment and dedication to accumulate coupons, organize them, and plan shopping trips.
The average American spends $151 a week on groceries; adding up to $604 a month which is taken out of the hard earned pay check of the household. It is not a mystery why shoppers would want to use coupons to attempt to bring down this cost. Efficient shoppers understand the value of spending the time to meticulously plan each trip to the grocery store to fit in as many coupons as possible. Joanie Demer quit her job in order to spend her time maximizing the benefits from couponing. When couponing, the best way to save is doubling up the coupons to utilize the voucher to its fullest extent; extreme couponers will hoard several copies of a newspaper or magazine in order to stock up on the coupons so they can double up and have enough for the overstock they need to hold over until the next sale on that product. Jamie VanSicker gathered 185 copies of the Sunday paper in order to save big on the deals at her local grocery store, sadly to find out the paper didn’t have any coupons to clip. Religiously sticking to couponing may not be the healthiest choice, there are not many coupons are available for meat or produce, but the saving are worth the products given up. Couponing can create a few problems but overall takes the stress off the women when they know they have saved usually at least $15 off their total bill.
In today’s world, to save as much money as possible is very important to many people. Grocery shopping is probably the time many people spend most of their paycheck. People will flock to Wal-Mart to take advantage of the low prices. However, another store also offers low prices, and almost consistently more than Wal-Mart does. The store’s name is Aldi, and it is a great store for those customers who are in a rush, and want to save money
The company’s pricing strategy is concentrated on anticipating and quickly responding to the changes on customers’ preferences to enhance a better product-line. By doing this so, American Eagle is always doing research about the changes in the economy and customers preferences, dictated by fashion and season. Its goal in this context is to get the correct merchandise due to it must be ordered well in advance of the selling season (p.9). The price of its clothes and accessories varies depending on the item and/or the clothing line that ranges from affordable to a bit expensive. This company also provides coupons. discount codes, and deals that lets the company to attract more customers. For instance, at the end of seasons, when American Eagle
We all hear the term “monopoly” before. If somebody doesn't apprehend a monopoly is outlined as “The exclusive possession or management of the provision or change a artifact or service.” but a natural monopoly could be a little totally different in which means from its counterpart. during this paper we'll be wanting into the question: whether or not the govt. ought to read telephones, cable, or broadcasting as natural monopolies or not; and may they be regulated or not?
society's approval, etc. He is one of the few who tries to fight the power
Price gouging is increasing the price of a product during crisis or disaster. The price is increased due to temporal increase in demand while supply remains constrained. In many jurisdictions, price gauging is widely considered as immoral and is illegal. However, from a market point of view, price gouging is a correct outcome of an efficient market.
This forces the Groupon to offer deals that are reasonable to the merchants. 5. Buyer Power : The buyers in this case are the customers buying the coupons. An individual buyer is not a threat to the Groupon than the group.
Coupons can also be used to get people to try their product. By offering great coupons and deals on Angel’s Bread and Pastries Shop particularly the Mallow-Oreo Waffles, this can help persuade people that the purchase is worth it.
The idea for Groupon was created by Andrew Mason whose decision to focus on group buying proved to be a wise one. When it first launched, the company offered one Groupon a day in each of the markets it served. Today, numerous deals are offered everyday. The way it works is consumers are able to search and browse deals via web or mobile and can subscribe to receive emails featuring deals they are interested in based on preferences they input. As for the businesses, they don’t have to pay any upfront cost to participate.
A 50% discount, more or less, will already be a great help in your pocket as it can already be used to purchase other things that you need. Groupon offers advantages both to the seller/store and the buyer or the consumers. Some of the advantages include: 1. Groupon attracts or gets the attention of the consumers or customers. 2.
Crowdfunding is an intermediate platform which uses social media, bigdata and cloud technologies to significantly fund small and medium scale industries to start up the industries.
After getting groceries and essentials, it’s time to go to checkout. When people go to checkout they will find the couponers. It’s important to save money when shopping but having a coupon for every item is absurd. Most of the time when people checkout they want to pay for their groceries and leave but it can get irritating to see a person in front of them trying to show the clerk every coupon they have. Sometimes people need to go home to start dinner or go pick up the kids from school so they don't have time to wait in line for an hour for that one person getting out all their coupons. Everyone has seen at least one person do this at checkout.