The following is a guest post
Over $144 billion was generated in consumer electronics sales throughout 2011, according to an NPD Group study. And more than 60 percent of the sales that were generated the same year came from items like smartphones, computers, televisions, video game hardware, tablets and eReaders, according to the study. As the world of technology continues to advance and mobile devices become even more popular, the pricing of these items will continue to increase right along with consumer demand. However, there are several different tips you can follow in order to save money on these high-priced products by purchasing them online.
Wait Patiently for Major Sales
Instead of rushing to purchase high-end electronics when they are first released or impulsively throughout the year, you should patiently wait for major sales and promotional deals to come around that will allow you to save a lot of money. Following this particular tip may seem nearly impossible for an impulsive consumer that is used to being the first one that they know to purchase electronics when they are first released. However, you can potentially save hundreds of dollars simply by waiting until the sales price drops on these products before purchasing them.
Become an Avid Collector of Coupons
Take full advantage of any savings opportunities that present themselves to you throughout the year, especially digital coupons and promotional codes that may be e-mailed to you by different advertisers and top retailers. Even though you may not need those coupons right away, they can definitely come in handy in the near future. Keep in mind that the average life cycle of a coupon is nine weeks, according to StatisticBrain.com. Whether you are able to save 20% on Walmart purchases or find out that Best Buy coupons can get you free shipping, collect these codes so that you can use them only when it the most advantageous time to do so.
Combine Coupon Savings with Existing Specials
If you have ever seen a television show about extreme coupon shoppers or read an article about their shopping activities, then you more than likely have already realized that just having a coupon available is not the key to maximum savings. Using that coupon when your desired electronic product goes on sale is what will allow you to save the most money. Take, for example, a MP3 player that has a full retail price of $200. If you use a $10 coupon when this item is not on sale, then you will have to pay $190. On the other hand, if you use that same coupon when the item has been marked down 35 percent, you will be able to purchase the same device for only $120.
The Bottom Line
The bottom line is that if you are truly interested in finding the best deals on electronics online, you have to learn how to become a smart shopper that uses his or her time and resources wisely. Save coupons and promotional codes throughout the year, but only use them when you can maximize savings through an existing sale or promotion.