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After-Christmas, Year-End, and Clearance sales are a great time get some good deals, but you can also end up with a purchase disaster. This is where the consumer needs to shop smart. Don’t just grab the newspaper AD and run down to your local consumer electronics retailer without arming yourself with useful knowledge and tools to get the most from your dollar.
These may not always be the best known name-brand models, but can be a good value, as long as they are available. These items are usually the first to go in an after-Christmas sale, so get to the store early the day after Christmas for the best chance of grabbing one of these products.
This is my favorite bargain-sale category. Here is the “scoop”. Every January, the CES (Consumer Electronics Show) is held in Las Vegas in which all the consumer electronics manufacturers from around the World unveil their products for the coming year.
However, in order to beat the competition in placing these products on store shelves, the retailers must clear out current products targeted for replacement from their warehouses and stores as quickly as possible. This is where the consumer can benefit. If a retailer made the “mistake” of over-estimating the demand for a particular AV receiver, for instance, and has lots of stock left by February, it will be more difficult to move the older model as its competitors, who didn’t over order stock on the old model, sell the newer model when it arrives.
If you are bargain hunting, this could end up being a great deal. The retailer gets rid of a product that will soon be discontinued and the consumer gets a great price. If you don’t need the latest and greatest, and the “clearance” product has everything you really need, this could work out well. The key is to make sure the product meets your needs by checking out the features ahead of time on either the manufacturer’s or store’s website, if possible.
When it comes to returns and exchanges, stores want to turn these around as quickly as possible. A great example is a $29 DVD player. You wake up on Christmas Day and find out that you got a $29 DVD player from your significant other and another $29 DVD player from your parents. Of course, politically you have to decide which one you take back, but, without opening the box you take one back and exchange it for something else. However, you are not the only one. When you arrive at the store you are in line with ten other people coming back to exchange the same DVD player.
Once again, the consumer can make out, however, there are a couple of points to be aware of. The item may have been opened by the customer or by the store returns dept to check to contents. In this case, make sure you do four things: ONE – Check for a discounted price sticker made by the store on the box and confirm with a sales person or store manager that the open box price is indeed a discount price over the same item brand new. TWO – Check the contents of the box yourself, together with a sales person or store manager. Make sure there is an owner’s manual for the product and all accessories for the product are present.
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