Shopping Savings 78% of Shoppers Outsmart Retailers with These Tactics

 What seems to elude many and is mastered only by some people is the reason behind their success in constantly grabbing the best deals online. While luck might play a role, there's more to it than just that. What can help you in improving your chances of getting those steals are levels of strategies, tools, and knowledge.

Understanding Dynamic Pricing

Simply put, dynamic pricing is the adjustment of prices for demand, user behavior, location, and even the device one is using, according to research published in the Journal of Business Research. The wise shoppers, having understood this system, use it to their advantage. Here's how:

• Price Variation: Prices differ during the day or the week.
• Private Browsing & VPNs: Such tools enable users to conceal their browsing history, thereby avoiding hikes in prices due to their previous searches.

The technique here is "price discrimination," which, if avoided, shall save much for the shopper.

Using Price Comparison Tools

Like deal-finding pros, always use price comparison tools and browser extensions to get the best prices. These tools make saving time and money easier for the buyer. In fact, 78% of online shoppers rely on comparison tools for the best deals. Here's how they make a difference:

• CamelCamelCamel: Amazon price tracker; it shows historical data to the user on the best time to buy.
• Honey & Rakuten: These two, at checkout, auto-populate discount codes, saving time and money for the user.

Another practical tool is "PriceBlink," which warns users if there is a product available elsewhere for a lower price.

The Role of Timing and Patience

Timing and patience play an integral role in scoring the best online deals. Savvy shoppers know when to buy and when not to buy:

• Electronics: New models usually bring price drops; some of these happen during their yearly sales events, especially on Black Friday.
• Major Sales Events: According to CBS News, shopping on events such as Black Friday or Cyber Monday could mean huge savings on big-ticket items.

Patience pays off—those who wait for the right time, using wish lists or price alerts, find the best deals.

Using Proxy Servers and VPNs

One of the lesser-known effective tactics involves the use of proxy servers and VPNs. This not only guards one's privacy but also helps in accessing region-specific deals.

• Region-Specific Pricing: Prices for the same product might be more reasonable on a retailer's European site than on its U.S. counterpart.
• Location Masking: Shoppers exploit these price differences simply by masking their locations.

The Power of Knowledge and Tools

It's not luck—knowledge, coupled with the right tools and strategic shopping habits, is what helps people keep getting better deals online. According to Thibeau Maerevoet, the CEO of ProxyScrape, "Information is power when it comes to online shopping. The more you know about pricing algorithms and fiddling around to your advantage with tools like proxies and VPNs, the better your deals will be." The following are some strategies that anyone could adopt to become a cyber-bargain master and never have to overpay again.

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