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How to Pay Less Than 30% for Almost Anything

How to Pay Less Than 30% for Almost Anything

I’m going to show you a super easy, step-by-step process for ensuring that you never pay more than half price for any new book (even if it’s an absolute best-seller that everyone is trying to buy) or product.

I’m not talking about wasting hours scouring discount and deal sites for great prices either. Amazon already does a great job of offering low prices across a range of items so getting a good price is a given.

Fortunately, with only a tiny bit of extra effort you will be able to squeeze far more out of your shopping budget. Here’s how you do it.

1. Getting Started

We’ve all shopped on Amazon, right? Here’s a typical buying page for a really popular best-seller by Elon Musk:

Amazon Product Buying Page

    There are a couple of important things to notice about this page that will help you save more cash in the coming steps:

    • The List Price is $29.99 but we can buy it now for $17.84
    • It is also available New from $13.69
    • It is available Used from $11.22

    So, right here, right now we can buy a $30 book for about $14. That’s a little under half price already. So far so good.

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    2. Price Tracking & Alerts

    The Amazon marketplace is extremely fluid and volatile. Prices for products can change on an hourly basis, as Amazon competes with other sellers to offer the best prices. This is where we can gain a bit of extra advantage over other shoppers.

    Instead of spending time checking back each day to see what the new price is, we can use an accurate price tracking service that will notify us of price drops (and increases – these will be important later on) in virtual real-time.

    Set up a price alert watchlist of all the items you want to buy for both price drops and increases.

    Here’s a screenshot of the sales and price changes for the aforementioned book using RankTracer – an extremely accurate tracking service that updates hourly so you are never more than a few minutes behind the latest price changes:

    Sales & Price Chart

      Chart showing hourly sales & price changes Amazon book (Tesla, SpaceX …). Courtesy of RankTracer – Amazon Sales & Price Tracker[1]

      Not all products have the same pricing profile, however. It’s important to note that some items swing wildly from day to day, or even hour to hour. Here’s a price chart showing changes for a popular entrepreneurship book entitled ‘The Third Wave‘:

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      Sales & Price Chart for Amazon Book

        Chart showing hourly sales & price changes for Amazon book (The Third Wave). Courtesy of RankTracer – Amazon Sales & Price Tracker

        As you can see, that is a bit more volatile, and prone to changing price more often, and in this instance becoming consistently cheaper. Each product will, of course, be different. The important thing here is to know when the price drops and when it increases. Once you know that, we can take the next step – buying low.

        3. Buy Low

        Looking at the charts above you can see that there are better (and worse) times to buy than others. But, with your price alerts coming in via email, you’ll be able to buy the items you want at the best possible prices.

        I was thinking of buying a new notebook recently, so I tracked a few to see their prices over time. Here’s one for the Samsung Chromebook:

        Chart of Samsung Chromebook

          Clearly buying any time between December 3rd and December 7th would have been ideal, as it would have resulted in an additional saving (on top of the best price you might find shopping on a random day) of just under $250.

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          So we can save money by buying low. Great.

          Unfortunately, buying low is where most people stop going. After all, doing things like this will mean you save plenty of cash on the Christmas shopping. But, if you really want to ensure you pay less there’s one more step to take.

          4. Sell High

          Once you’ve finished reading your book (or no longer need the item purchased), it’s time to sell it back via Amazon.

          Becoming an Amazon seller is quick and easy, and you can get started over at Amazon’s Seller Central website. If you are going to sell less than 40 items, then it is completely free to sign up – although there are small charges per item sold. Selling more than 40 items will require a paid plan that should cost about $39.99 per month, although you can explore the different types of seller accounts at their pricing page.[2]

          With your seller account set up, it is now possible to re-list the products you bought – most likely listing them in Used condition.

          At this point our price tracking comes in handy because it can tell us when prices are high so we can sneak in with a slightly lower offer in order to radically improve the chances of making a sale.

          Take a look at the original screenshot of the Elon Musk book sales page and notice that there were used copies being sold from $11.22. Given that we could have purchased it for $13.69 (according to RankTracer’s price data), and we can sell it back for $11.22, we have effectively bought it brand new for the grand total price of $2.47.

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          Take into account other costs, like Amazon charges, and you are probably still going to get away with paying less than $4. For a book listed at $29.99, that works out to less than 15% of the list price.

          You can squeeze as little or as much out of this process by waiting for the lowest low prices and selling at the highest high prices. But, on average, spending between 10% and 30% of the asking price should make anyone very happy.

          This trick works for any product that can be sold used. Obviously, consumables like food and drink probably won’t fetch a reasonable price in used condition. Simply watch your price alerts, wait for the right time to buy and sell, and start saving money big time.

          I’d love to hear how much money this saves you in the long run. Drop a comment here and share your huge savings stories to make the rest of us jealous.

          Featured photo credit: Roderick Eime via flickr.com

          Reference

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          Last Updated on August 7, 2018

          How to Make Money with a Blog (According to 23 Successful Bloggers)

          How to Make Money with a Blog (According to 23 Successful Bloggers)

          Not too long ago, you believed that making money with a blog was impossible. But after seeing dozens of income reports from other bloggers, you became hooked. Now you’re left wondering if you could achieve similar results.

          In this article, I’ll consolidate the lessons learned from some successful bloggers and get you the advice on how to make money with a blog.

          How to monetize your blog the right way

          A blog is more than a website with words, it’s a brand that solves a problem. When you’re first starting off it’s difficult to make any money. Why? Because no one trusts your brand.

          The solution is simple, provide engaging content to build a large audience. Once your blog’s traffic and subscribers have grown, here are the most effective ways you can monetize your blog.

          1. Affiliate Marketing[1]
          2. Selling Courses[2]
          3. Coaching[3]

          “Get rich quick” schemes rarely work

          Some believe that bloggers had their success handed to them, but this is far from the truth. Their success required sacrifice, discipline and courage to work. And this is where most people run into trouble because they’re unwilling to put in the work.

          Your first step to building income through your blog is to stop believing it will be easy to achieve. The trick is to only listen to a few bloggers who are at the position you’d like to be and take massive action.

          It can take months or even years before you start earning income.

          And when the going gets tough, keep going. Don’t stop. Learn to love the journey more than the outcome and you’ll build a profitable blog.

          Executing the right advice leads to success

          You need to learn from bloggers with diverse backgrounds.

          What motivates someone to build an online business may not inspire you. But there’re strategies some bloggers will share that you’ll resonate with.

          So what’s the next step? To start taking action.

          How to make money with a blog: Lessons learned from 23 successful bloggers

          Browse the list of some of the most influential and down to earth bloggers in today’s time. Chances are that you’ll resonate with a few of them. Take their practical lessons and apply them to your blog.

          These bloggers may spark light bulb moments for you and change your life forever.

          1. Gary Vaynerchuck – Down to earth entrepreneur who’ll transform your life

            Gary is a proud “D” student who helped his dad grow his wine liquor store into a 60 million business. He left the wine business to start his own digital agency, which now generates over $100 million.

            Today, he inspires entrepreneurs of all ages through his blog, vlog, and Podcast to take full control of their lives doing what they love.

            Lesson: Have the patience to build a successful business.

            2. Pat Flynn – Online Jedi who’s fearless to try new ideas

              Pat built several sites, is an author of many books and has launched many podcasts. His blog is one of the most popular sites on the web for beginner and experienced entrepreneurs. Despite Pat’s success, he’s still humble and willing to help others.

              Lesson: Don’t let fear stop you from stepping out of your comfort zone.

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              3. John Lee Dumas – Entrepreneur on fire, inspiring others through his voice

                John is the host of EOFire, an award-winning business podcast, interviewing top entrepreneurs. He’s interviewed successful entrepreneurs such as Gary Vaynerchuk, Tony Robbins and many more. John is also the author of the #1 ranked book for Podcasting in Amazon. He’s an excellent example of what happens when you chase your dreams and remain committed.

                Lesson: Follow one course until success (FOCUS).

                4. J Money – Rockstar money expert who injects “cool” into finance

                  J Money is an award-winning personal finance blogger, company advisor and money rockstar. He injects a “fun” personality in his blog, adding a sense of “coolness” to personal finance. He’s the founder of RockstarFinance, a personal finance directory filled with useful resources.

                  The fresh perspectives J shares about money will leave you pondering for days.

                  Lesson: Have fun with your blog to stand out and create engaging content.

                  5. Mr. Money Mustache – Badass blogger who’ll transform your financial lifestyle

                    Mr.MM’s goal is to help you live a “badass” life. He has unique money saving ideas up his sleeve, such as cutting your grocery bill in half, and DIY solar panels. There are no “generic” articles in his blog, only thorough and well-thought ideas.

                    Mr.MM is financially independent and willing to share his secrets if you dare to listen.

                    Lesson: Focus on your needs and wants to live your dream lifestyle.

                    6. Sam – Thoughtful blogger sharing smart insights

                      Sam is a blogger and a real estate investor. His blog has received millions of views and featured in Forbes, Lifehacker, CNBC, and many more. Sam dives deep into topics like real estate, retirement planning, and career strategies. Read his blog and discover why it’s “bookmark-worthy”.

                      Lesson: Keep investing in yourself to be better prepared for the future.

                      7. Joshua Dorkin – The persistent entrepreneur who never lost hope

                        Joshua is a well-known entrepreneur and speaker who’s featured in major publications. He’s built the nation’s largest real estate investing blog and co-host of the BiggerPockets podcast.

                        He’s the ultimate example of what’s attainable when you pursue your dreams. His blog is one of the only few you’ll need to reach financial independence with real estate.

                        Lesson: Keep working towards your goal despite who tries to stop you.

                        8. Ramit Sethi – That “cool” teacher who’ll help you reach your next level

                          Ramit is a New York Times Bestselling author. He prides himself on being different, which is why he loves giving away 98% of his material for free. His content is binge-worthy and will bring out the awesome out of you.

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                          If you’re ready to master your inner psychology or finance, then stop by Ramit’s blog.

                          Lesson: There’s always a way to get what you want as long as you’re willing to put in the work.

                          9. Paula Pant – The entrepreneur who took an enormous risk chasing freedom

                            Paula is a writer, speaker and freedom enthusiast. It didn’t take long after landing her “dream” job to know it wouldn’t offer the freedom she’d craved.

                            Today, Paula has reached financial independence by building many income streams. Her writing style is engaging will leave you questioning your limiting beliefs.

                            Lesson: It’s worth risking the odds to live your desired lifestyle.

                            10. Steve – Early retiree, fearless to take a stance

                              Steve reached financial independence 30 years earlier than the typical American. You can find his work in major sites such as Forbes, Business Insider, and many more.

                              Currently, Steve writes detailed content on his blog helping readers achieve financial independence. If you’re looking to save money, or retire early, you’ll love Steve’s blog.

                              Lesson: Plan ahead to reach your desired goals.

                              11. Robert Farrington – Millennial Sensei for college students

                                Robert is a consultant, and a writer dubbed as America’s Millennial money expert. His passion for managing money at a young age led him to create The College Investor. In his blog, you’ll find great resources to crush student loan debt and invest your money.

                                Lesson: Be open-minded with how you can express your passion.

                                12. Joe Udo – The writer who took the road less taken

                                  Taking risks ain’t easy, but there are always a few people who take it anyways. Joe is a blogger, investor and a great example of what risk takers do. He retired before turning 40, after leaving a job he’d been working for over a decade.

                                  Joe’s blog shares proven ways to building passive income, and managing your money.

                                  Lesson: Taking risks becomes easier when you prepare daily.

                                  13. Elle Martinez – The financial superwoman for struggling couples

                                    Elle has a passion for money, so much that she’s been writing about personal finance for over a decade. She enjoys helping couples build their finances together, and live on one income.

                                    Elle’s blog helps you avoid money fights, boosts your savings, and much more.

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                                    Lesson: Find ways to solve the problems you’re obsessed about.

                                    14. Len Penzo – Creative blogger who makes personal finance entertaining

                                      Len’s blog has received over 9 million visitors. He’s featured in major publications such as the NY Times, Forbes, and many more.

                                      Len transforms boring money subjects into engaging content that hook readers for more. If you want to make smarter financial decisions, his blog is a must-read.

                                      Lesson: Create engaging content to build a large audience.

                                      15. Farnoosh Torabi – Finance expert, inspiring women to unleash their full potential

                                        Farnoosh used to borrow clothes and eat $5 Footlongs until she climbed out of debt. Today she’s a journalist, author, TV personality, and financial expert. Farnoosh is the host of SO Money, one of iTunes’s top financial Podcasts. She’s a leader and inspiration to other women.

                                        Lesson: View your shortcomings as gifts and use them to stand out.

                                        16. Michelle Schroeder-Gardner – Young entrepreneur achieving success on the road

                                          Michelle started blogging in 2011 with hopes of improving her finances. Today, her blog is one of the most popular personal finance blogs you’ll find. There’s a slim chance you might catch her on the road, as she’s touring around the US with her husband. Her blog contains advice for growing your income and living a better lifestyle.

                                          Lesson: Be transparent about your struggles to build a supportive audience.

                                          17. Phillip Talyor – Money expert who knows how to throw a finance party

                                            Phillip Taylor or “PT” is a blogger, CPA, and a finance enthusiast. At one point, he’d accumulated a ton of debt and was in need of financial wisdom. He created his blog to document his financial wins, and collaborate with others.

                                            Because of Phillip’s passion for finance, he created FinCon. Today, Fincon is the go-to conference where influencers and financial brands meet.

                                            Lesson: Hard work is more important than experience to achieve your goals.

                                            18. Stefanie O’Connell – The financial role model every woman needs

                                              Stefanie started blogging around 2008, at a time when most of America was in a financial crisis. Despite this, she went from living on less than $500 a week to dubbed as a Millennial money expert.

                                              Stefanie spends her time helping ambitious women adopt “rich” habits. Join Stefanie’s tribe and start feeling empowered with your finances.

                                              Lesson: You can be a role model for others if you’re brave enough to face your fears

                                              19. J.D. Roth – Finance enthusiast who’ll leave you thinking smarter

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                                                J.D. was a contributor of the “Your Money” column for Entrepreneur magazine. His blog is one of the best personal finance blogs on the web and has received millions of visitors. You’ll find in-depth articles that will leave you making smarter money decisions.

                                                Lesson: No matter how big your problems are, there’s always a solution.

                                                20. Catherine Alford – Entrepreneur mom, inspiring women to chase their dreams

                                                  Catherine is a speaker, writer, and a proud mom of 2 twins. She’s an inspiration for women looking to spend more time with their families. Catherine became best Contributor/Freelancer for personal finance in 2014.

                                                  Discover why you don’t need to choose between your career and family at Catherine’s blog.

                                                  Lesson: Your story can become the inspiration many are searching for.

                                                  21. Natalie Bacon – Life coach and entrepreneur inspiring women to design their dream lives

                                                    Natalie is an inspiration for those looking to pursue their passion. She’s featured in major sites like The Huffington Post, Forbes, and many others. Natalie follows her dreams and isn’t afraid of hard work. Her blog contains quality content that will inspire you to take action.

                                                    Lesson: Don’t be afraid to change course because you’ll be one step closer to finding your dream life.

                                                    22. Crystal Paine – Inspirational entrepreneur who loves to give back

                                                      Crystal is a personal finance blogger who’s been writing since 2006. Her site has creative ways to save money on groceries, clothes, toys, and much more. Crystal donates a percentage of her blog’s income towards life-impacting ministries.

                                                      Her blog will not only teach you how to save money but also how to live an abundant lifestyle.

                                                      Lesson: Focus on helping others first and you’ll build massive wealth.

                                                      23. Liz – Frugal expert who’ll transform your bad spending habits

                                                        Liz is an author, writer and a frugal expert who enjoys helping others save money. She’s featured in NPR, Forbes, Liz’s blog contains creative ways to save money and reach financial independence.

                                                        Lesson: Be bold enough to prioritize your opinion above others’.

                                                        Start your blog and achieve jaw-dropping results

                                                        Imagine waking in your pajamas and opening your laptop. You notice a few hundred dollars were deposited to your Paypal account. This money didn’t fall from the sky, it came from your blog.

                                                        Not too long ago you believed making money from a blog was impossible, but now you’ve finally achieved it. Amazing isn’t it?

                                                        This can be your reality if you learn from these successful bloggers. Go through this list and pick your top three bloggers. Take a look at their content (Blog, Podcast, Video), and break your bad habits.

                                                        The time has come to transform yourself into the blogger you’d like to become. You’re not someone who only wants to accumulate a ton of cash. You want to live your dream life and impact others doing what you love.

                                                        What’s stopping you now?

                                                        Featured photo credit: Pexels via pexels.com

                                                        Reference

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