How to Avoid Being Ripped Off at an Electronics Sale

saleIt’s the time of year once again for sales and bargains aplenty. Unfortunately, many retailers out there are making rather lackluster deals look like something they’re not. It’s not that these retailers are being dishonest, but not everything is as good as it seems.

Just about every city has that one store that is constantly advertising the biggest sale of the year. Everything is marked half off and BOGO (buy one; get one) as if it has never done anything like this before. You know it’s not true, but people fall for it every day and end up paying more than they would have if they had just done a little research beforehand.

Do the Math

Some stores mark everything a certain percentage off, citing the original suggested retail price as the starting point for the discount. Little do customers realize that most products are sold at below suggested retail even when no sales is going on. This undercutting is part of a larger selling tactic, and that suggested retail price is supposed to be higher than the average selling price.

10% off a product still gives the average store a 23% profit over the wholesale price they purchased the goods at. Not every store operates this way, but the average markup for a product hovers around 1/3 of the total selling price.

Before you rush to your nearest big box store and slap your money on the counter to take advantage of this one time only offer, take a moment to see what the store usually sells the product at. You might be surprised to find their discounts aren’t really that amazing at all.

Avoid Doorbusters and Check for Better Deals Online

Doorbusters get people in the doors. They’re perhaps the trademark of Black Friday (which recently passed here in the U.S.) and many times these deals don’t beat the average price you could buy them item for online.

When it comes to technology, there are a number of useful online tools that can find the best deal on a specific item for you which you can compare to the sales price listed at the store by just scanning the barcode. Amazon’s Price Check app on Android and iOS is one such solution. Google Shopper and RedLaser are also solid solutions for performing price checks in the store.

Doorbusters are often last-year’s models being liquidated by the retailer to make room for new product. Decide.com is a great resource to check on the age and likelihood that the price of a given gadget is destined to change in the next few weeks, or if a replacement product is heading to market.

Watch for Refurbished Items

Not every store (online or otherwise) is forthcoming about the source of their incredible bargains. What might look like a great deal on a recent-generation iPod could actually just a refurbished unit with a standard refurbished (or open box) price.

It isn’t until you see the fine print on the deal that you realize you’re really just paying a regular market price for a non-new item. Factory refurbished gadgets are usually pretty good investments. Some stores label open box items the same way they label refurbished merchandise, and that’s where you need to be careful.

Chasing deals is a great save to save money on products you would have bought anyway. Just remember to do your research before jumping into a bargain that might not be as good as it seems.

Image: Paul Inkles

Article Written by

Ryan Matthew Pierson has worked as a broadcaster, writer, and producer for media outlets ranging from local radio stations to internationally syndicated programs. His experience includes every aspect of media production. He has over a decade of experience in terrestrial radio, Internet multimedia, and commercial video production.

  • http://twitter.com/BeyondtheTech BeyondtheTech

    Perfect timing for Black Fr…

    • https://plus.google.com/112301869379652563135/posts Ryan Matthew Pierson

      Not every article goes up the day it was penned. :) Our editor works really hard.

  • http://twitter.com/BeyondtheTech BeyondtheTech

    Perfect timing for Black Fr…

  • Curtis Coburn

    I can relate to this. There is this Best Buy near me, and every time I go in there, I walk out dis-satisfied. There is this big guy who works around the Mac’s, and not to be mean or say bad things about Apple people, but this guy is an idiot. He’s there telling me that a low end Mac Mini can do high end video editing with Final Cut Pro just fine.

    There was this other guy, and it’s not about him really trying to sell anything, but he had very bad service. He didn’t answer customers questions, he made jokes, talked about himself to customers.

    For me, I will just get things online for the Holidays. I would rather not deal with the people at stores, because where I am, I am better off getting it online for the truth.

  • rmstudio

    your comments had what to do with this article????  Funny I find similar to the guy  you said that talked about himself…

  • rmstudio

    One of the stores I like to mention are sellers on Craigslist who state over inflated retail price and how they are selling a item to you for half when its slightly used. When its not half of the over inflated retail price its merely 5 or 10 bucks under the actual real price you find it at the store or online.