Who Makes Money From Online Coupon Codes?

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  • Опубліковано 18 кві 2024
  • Promo code sites have become big business, with digital coupons surpassing paper for the first time in 2020. Major deal sites make millions based almost entirely on commissions from each sale. They don't sell shopper data and it’s not a scam. In fact, big companies like PayPal and Rakuten are buying up deal sites for billions. From Honey to Slickdeals, Rakuten Rewards to Brad's Deals, CNBC asked the major sites what it takes to find deals that are real and why the business model works.
    With the huge boost in online shopping during the pandemic, deal-finding sites have become a major business. In 2020, Inmar Intelligence found that digital coupons surpassed printed coupons for the first time ever.
    Also in recent years, behemoths like Goldman Sachs and PayPal have paid hundreds of millions - or even billions - for sites like Slickdeals and Honey that automatically curate coupon codes or offer shoppers cash back for making purchases through their sites. Even banks like Capital One are getting into the game.
    The business model is not a scam. All major deal sites say they don't sell shopper data. Instead, each sale generates a commission for the deal site and for the middleman known as the affiliate marketer - a company that connects the vast world of retailers with deal sites.
    With nearly 2,000 businesses in the daily deal site space, it's a crowded industry filled with legitimate businesses as well as plenty of sites that are riddled with ads and expired coupon codes. That's because regardless of whether a coupon code works, the site that provided the code will get commission for that sale.
    When the deals are legitimate, however, it can mean big money for shoppers, retailers, and the deal sites. From Honey to Slickdeals, Rakuten Rewards to Brad's Deals, CNBC asked the major deal sites, and shoppers, what it takes to find deals that are real and why the business model works.
    Watch the video to learn how saving consumers' money makes big bucks for companies in the vast world of online deal hunting.
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    How Coupon Code Sites Make Millions

КОМЕНТАРІ • 616

  • @eudofia
    @eudofia 3 роки тому +1237

    So, brands and retailers over price their products and then send you coupons and discount codes to make you feel that you are getting a good deal. Brilliant.

    • @zhenyuxia7665
      @zhenyuxia7665 3 роки тому +68

      Not necessarily. Products are cheaper to make in larger quantities. If they sell 1,000 items each will cost a lot more (and in turn priced a lot more) than if they can sell 100,000. In some extreme cases, companies go out of business for not being able to sell enough of their products, and that's a loss to consumers too with fewer choices. Coupon is just part of the marketing costs. In China, there is now a business model of group purchase where a group of consumers buy a product together through an online website, which then issue the large quantity order to manufacturer directly. It might be the least amount of marketing costs you can pay, i.e. just the commission to that group purchase web site.

    • @liuzhiming7270
      @liuzhiming7270 3 роки тому +9

      The model of what are you saying only works for those brands doesn't have other channels, which means the item you put on deal sites, will be on the single website otherwise you need to maintain the same price if you do have several channels.

    • @yufengyan
      @yufengyan 3 роки тому

      lol

    • @Ernesto.Q
      @Ernesto.Q 3 роки тому +9

      At least you don’t pay full price for the overpriced item when you don’t look for a coupon.

    • @dantom2429
      @dantom2429 2 роки тому +3

      Yes this happens more often than you know. I think they call that a "shill"

  • @FrancescoVarrato
    @FrancescoVarrato 3 роки тому +567

    Only moment I look for coupons is when I already decided - after extensive research - which exact item to buy, after having checked for the best price for such an item, and if the retailer has a "coupon" field in the payment page. Shopping for something starting from the coupons would only lead to a higher total expense, not savings.

    • @redstonerelic
      @redstonerelic 3 роки тому +15

      that's why i prefer the browser extensions ones, because it looks for the coupons of the thinks i wanted to get already

    • @panosfox2303
      @panosfox2303 2 роки тому +2

      And you end up in depression! That will quickly get you exhausted!

    • @HT-pl8du
      @HT-pl8du 2 роки тому +11

      @@panosfox2303 lol what? if u want to buy something, buy it. if you dont then dont think about savings

    • @panosfox2303
      @panosfox2303 2 роки тому

      @@HT-pl8du That's exactly what I'm saying! If you want something to buy buy it there no need for extensive research! That leads to exhaustion! The hunting for low prices and coupons I mean!

    • @highsky6175
      @highsky6175 2 роки тому

      @francesco varrato agree

  • @TaonaGlow
    @TaonaGlow 3 роки тому +316

    „You did okay“ to the proud excited kid waiting for acknowledgement was so savage 😂🤣

    • @junglejoy_co
      @junglejoy_co 3 роки тому +15

      Literally lol’d... that kid is gonna come out strong from that honest mama

    • @BearingMySeoul
      @BearingMySeoul 2 роки тому +3

      That's how we do! This is why black people don't have time for anybody's BS. 🤣🤣🤣

    • @ValentinaCorazon
      @ValentinaCorazon 2 роки тому +3

      I cringed when mom responded like that. I would have added "you'll do even better next time " which she might have done so, later.

  • @DunnickFayuro
    @DunnickFayuro 3 роки тому +191

    I'm a native french speaker and it *never* occured to me that the origin of the noun "coupon" was straight from the verb "couper" / "to cut"!

    • @germanogirardelli
      @germanogirardelli 3 роки тому +8

      mind blown. I knew coupé (for cars) meant cut because the roof is missing but coupon totally flew over my head

    • @adebs7723
      @adebs7723 3 роки тому +1

      Je ne comprends rien de ce business car je suis francophone. Quelqu'un peut-il m'expliquer le concept svp ?

    • @DunnickFayuro
      @DunnickFayuro 3 роки тому +2

      @@adebs7723 Ces services cherchent des rabais / code de coupons pour vous, sur des centaines ou des milliers de sites à la fois. Quand vous utilisez un de ces code via leur application, ils se prennent une commission sur le montant de la vente qu'ils ont contribué à faire faire au site en ligne. Vous gagnez car ça vous coûte moins cher, eux gagnent une commission et le site de vente en ligne gagne une vente.

    • @adebs7723
      @adebs7723 3 роки тому +1

      @@DunnickFayuro Merci beaucoup cher ami. Tu m'as entièrement éclairé. .

  • @theFirstAidKit
    @theFirstAidKit 3 роки тому +231

    I found the best way to save money is just avoiding all advertisements and coupons in general. This way I only buy stuff I actually need. And if I need something, I will research it a bit and find the best deal. My spending was more than cut in half after I just started to ignore all ads and deals. It's also nice to not have a huge pile of stuff laying around the house, less stuff to worry about.

    • @1x0x
      @1x0x 3 роки тому +1

      why do you think they give coupons in the first place?

    • @Alister22ful
      @Alister22ful 3 роки тому +16

      minimalist in the wild lol The truth though. You aren't saving money, you're spending money. You justify it by rationalizing that you saved xx dollars when in reality you just spent xx. This is no different than window shopping and seeing an item listed for xx off.

    • @jacked_geek
      @jacked_geek 3 роки тому

      Well said! They have gotten even clever - the know what you want. All you have to do is think it and then you start to get personalized ads. It is harder and harder now to ignore

    • @BoomerLoveforGenZ
      @BoomerLoveforGenZ 3 роки тому +1

      True, but if I really need it and there’s a coupon, I’m stoked.

    • @phantommedia9964
      @phantommedia9964 3 роки тому

      Agreed

  • @matthewwynne939
    @matthewwynne939 2 роки тому +131

    There was a time when I would check multiple sites to try and find a coupon code, and very rarely did any of them work. I came to realize that my time was worth more than the time it took to potentially save a small percentage.

    • @TheRealE.B.
      @TheRealE.B. 2 роки тому +11

      I don't think they mentioned it in the video, but the entire premise of coupons is differential pricing. It's generally not worth it for busy, gainfully-employed adults to use coupons. The coupon system is a way to charge middle class vs. poor people different amounts of money, with "busy/employed" and "unemployed/retired and having enough free time on your hands to do this crap" as rough proxies for economic class. And of course wealthy people don't even shop at these places, and if they do, they might not even be checking prices.

    • @matthewwynne939
      @matthewwynne939 2 роки тому +4

      @@TheRealE.B. I used to be the person who would spend lots of time trying to maximize every penny of savings. By "not worth the time" for me was that it seemed like every time I tried using site after site, almost none of the coupon codes would work for me. It's not that I didn't want to save or wasn't willing to put in the effort.

    • @TheRealE.B.
      @TheRealE.B. 2 роки тому +3

      @@matthewwynne939 I never tried that hard, but my experience has been similar. I wasn't disagreeing with you, by the way. I was just offering an explanation for your (in my experience, correct) observations.

    • @joejose8433
      @joejose8433 2 роки тому +5

      It's all a bunch of b******* by the time you try to use the code it's done already expired it was just designed to get you to come to their website it's all a scam and there's one website you should avoid at all time the one that says free Coke or some s*** like that and then I try to see if I can get it so they never sent out anything free bunch of f****** scams man just to get you on a mailing list so they can sell it

  • @adampdx
    @adampdx 3 роки тому +156

    This seems like they are fueling shopping addictions and saying that's great business model. And the old adage "if it's free, you're the product" applies here.

  • @thepeff
    @thepeff 3 роки тому +116

    There are two ways to make money on the Internet: sell stuff or sell other people's stuff

    • @switzerlandch4986
      @switzerlandch4986 3 роки тому +10

      There are many other ways to make money

    • @thepeff
      @thepeff 3 роки тому +1

      @Future Philanthropist Neil Sexist and you aren't taking into consideration that the only way to make money with crypto is by selling it 🧐

    • @CristinaPerez-zc5xo
      @CristinaPerez-zc5xo 3 роки тому

      @Nicola lima come let's have some coffee we are in same side 🤗

  • @sisterluke
    @sisterluke 3 роки тому +142

    I've always been a minimalist at heart and coupons have always been a slick way to get people to spend more money. Want a pair of shoes but it's not really something you need? Well, a digital coupon will bring that incentive that drives you to spending money those pair of 80 dollar shoes that very day or within a week even if its a paltry 10 or 15 percent off. Food coupons are often for the most processed unhealthiest food ever so those aren't only a waste of money but sending your family to the doctors office more often for health problems. If people really need to save money on groceries, you can do your own budgeting and do some meal prepping on Sunday or your day off which saves tons of money.

    • @3089280288
      @3089280288 2 роки тому +1

      Coupon plus discount price

    • @UditShah
      @UditShah 2 роки тому +6

      I have stopped using coupons for the same reason. Owning another pair of cheap shoes is not something I am looking for. Over the time my cost of living has actually reduced to 50% of what I earn. Quality over quantity.

    • @TheRealE.B.
      @TheRealE.B. 2 роки тому +3

      I also suspect that coupon codes are much more common for sites/items that are overpriced in the first place, so it might just be a case of "Kohl's Pricing" exploding all over the Internet. Coupon codes never seem to work for me, so I'm skeptical that there are much savings to be had for the responsible consumer. Wasn't that one lady in the video excited that she got a "$300 pot" for $20 or something?
      Besides, some of these retail sites are probably already doing differential pricing by showing you different prices based on how much money they think you make. Your coupon price could theoretically still be more than someone else's regular price.
      EDIT: Also, I uninstalled the Target app from my phone even though I shop at Target a lot because I'm not a homeless person, and it's not worth my time to spend 5 minutes faffing about in their app and feeding them data so I can save a meager 15 cents on my purchase.

    • @orangeradishneo
      @orangeradishneo 2 роки тому +3

      meal prepping does NOT reduce your grocery bill unless you already eat out a lot. meal prepping is also glorified leftovers - something not everyone enjoys and not the answer to everything. Who wants to eat the same meals everyday? if not, who wants to spend their 1 of 2 days off cooking multiple different meals which, by the end of the week, are dry & nasty? Also, who knows what they want to eat everyday? some days I just want some comfort food, i can't predict that the Sunday before, will be miserable and wont enjoy my 3 day old meal.
      Also, coupons being for "unhealthy" foods are for a reason - because those types of foods come from for profit businesses that produce and distribute items VERY differently. Fresh produce, meat, dairy, normally come from local farmers and have a different type of "contract" as a supplier than an international brand such as Quaker, General Mills, ect. I see coupons all the time for greenwashed products that claim to be healthy (i.e the organic aisle, organic doesn't = healthy but many people assume that).
      Idk about where you live but here in Ontario, most grocery stores have a rack with discounted produce with items that are close to expiring/going bad.
      A big issue is actually food waste from people who take best before, expiry dates WAY TOO seriously. I've had a customer at a previous job of mine complain the bags of chips we had out were expired by a WEEK. ONE WEEK. CHIPS.
      To add to this: this year alone groceries have increased in price. Someone on reddit did a personal experiment purchasing the SAME items over a period of a year, and his bill increased by about 30%. Groceries can NOT increase in price without wages matching inflation, PERIOD!

    • @PatrikKron
      @PatrikKron 2 роки тому +2

      @@orangeradishneo Meal prepping makes it easier to use all food before it goes bad. So it can definitely save you money. It would make it easier for you to buy ingredients that are about to go bad at a discount and use them for a longer time (since you have cooked with it and frozen it, it will in many cases last longer).
      Foodprices can increase faster than salaries, it just did. Although it's not good that it does.

  • @Y_Canada
    @Y_Canada 2 роки тому +70

    Even if that lady at 0:16 got a 8% cashback via Rakuten, she would have spent almost $110k. There is a difference between being an amazing couponer and having A LOT OF MONEY to spend.

    • @jolp9799
      @jolp9799 2 роки тому +7

      honestly rakuten gives a pretty hefty referral code, she's just probably that lady that convinces all her friends to sign up using her code

    • @omegahaxors3306
      @omegahaxors3306 2 роки тому +1

      When she said she works in the funeral industry I went "uh huh." because it's such an exploitative industry. Rush out a crappy product then charge to insurance. Shark their desperation.

    • @TheMasterhomaster
      @TheMasterhomaster 2 роки тому +2

      @@jolp9799 that’s a lot of work. People trying to save a few dollars wind up spending so much time and energy. I guess they don’t value their time and energy much.

    • @Thatit777
      @Thatit777 2 роки тому

      @@TheMasterhomaster exactly. Poor people are poor because of the way of thinking, and the decisions they made about their money and use and value of their time, not because they don't have money.

  • @antoniomaglione4101
    @antoniomaglione4101 3 роки тому +56

    Coupons here in EU are a joke. Either they are offered on unsold (often unsellable) merchandise, or the price of the item has been widely inflated.

    • @fatallyfatcat5274
      @fatallyfatcat5274 3 роки тому +14

      They work the same way everywere. Nobody is going to give you free stuff.

    • @pjsudharshan
      @pjsudharshan 2 роки тому +1

      @@fatallyfatcat5274 search for "tlc uk coupon" videos, you will know haha!!!

  • @ericsanquist
    @ericsanquist 2 роки тому +17

    this why your local small town shops are going out of business. online shopping is killing small towns left and right. that is why i like shopping in the store, it keeps people employed.
    plus with online shopping it more wasteful with more packaging to fill up the landfill. plus more delivery trucks means more pollution.

    • @Sumit-dn6ls
      @Sumit-dn6ls 2 роки тому +4

      The same situation all over the world. Online shopping is killing the small stores

    • @juliorobinson5386
      @juliorobinson5386 2 роки тому +2

      This is why I don’t really buy things online. I don’t trust machines. Much less people but small businesses can’t afford to compete with greed.

  • @Nightbird.
    @Nightbird. 3 роки тому +167

    *I save money the old fashioned way: Keep my cars forever. Keep my clothes forever. Don't hang out with people who need to spend money to have a good time. Don't walk into stores unless necessary. At the end of the day I'm happy with money to spend on good food & drinks..while friends who drive nice cars, wear nice clothes, and live in nice houses are always broke, overworked, stressed, and not enjoying life.* 😉

    • @tjjackson1078
      @tjjackson1078 3 роки тому +11

      I agree with you 100%

    • @officialspock
      @officialspock 3 роки тому +8

      Facts

    • @lloydchristmas4547
      @lloydchristmas4547 3 роки тому +6

      Good moves.

    • @LordCoeCoe
      @LordCoeCoe 3 роки тому +6

      You can't keep your car forever unless you use magick. Clothes definitely doesn't last forever, it will be full of holes or it will shrink because of soap.

    • @TeamAKAZ
      @TeamAKAZ 3 роки тому

      Also you commented about buying a new Volvo also.... HAH yeah keep lying to yourself... practice what you preach you troll.

  • @BazamO
    @BazamO 3 роки тому +283

    I've had honey for like 3 years now, it's probably saved me less than $5 overall

    • @georgebalan6201
      @georgebalan6201 3 роки тому +13

      Idk I just started using honey and I’ve saved over $10 in a week on a single purchase…

    • @USNEM
      @USNEM 3 роки тому +6

      Nothing is free in this world kids. Lol

    • @kleymar2000
      @kleymar2000 3 роки тому +7

      I've gotten $208 back and I've only been a member for about a year lol

    • @cnote9401
      @cnote9401 3 роки тому +13

      Probably cuz you're not a mindless consumer

    • @milangoti301
      @milangoti301 3 роки тому

      😂🤣😅

  • @gidd
    @gidd 3 роки тому +77

    Whoever worked at Honey in the marketing department deserves an award ,most people on the internet have heard of them

    • @Greatmount
      @Greatmount 3 роки тому +1

      They might be one of the oldest

    • @gidd
      @gidd 3 роки тому +5

      @@Greatmount The fact that they still managed to have a bigger market share than company's that have been in the online market/shopping industry longer is still impressive

    • @chiquita683
      @chiquita683 3 роки тому +3

      I haven't

    • @SirusStarTV
      @SirusStarTV 3 роки тому +4

      Yeah, they're everywhere

    • @mitchellquartero
      @mitchellquartero 3 роки тому +2

      I use honey

  • @alifputra9985
    @alifputra9985 3 роки тому +65

    when you happy get $8k cash back and that is explain your spending habbit

    • @Sensoredcensored
      @Sensoredcensored 2 роки тому +11

      Right! I spent about 30k on furniture to get $1700 cash back from ebates. It isn’t a deal at all. Just makes you feel comfortable buying more expensive stuff.

    • @orangeradishneo
      @orangeradishneo 2 роки тому +4

      @@Sensoredcensored tbh at that point it's on you. if you just use these websites to purchase items you're ALREADY going to purchase, then there's no issue.
      did you need that furniture? i assume. would it cost you $30k if you purchased it without using eBates? if so, then you benefited from using it. did you spend 30k because of eBates? like, did you have a lower budget and were aiming for furniture that would have totaled much less, if it weren't for the draw of eBates? Did you shop around, or just buy from the first website you found?
      sorry but we're responsible for our own actions. yes, marketing can influence your decision making, but you're still in control - it's not like a drug where you're mentally incapable of being able to stop because of being impaired.
      I think i have maybe $60 lifetime cashback? most of the time i forget to use it because i'm shopping for stuff I need (and with stuff i want, i contemplate purchasing for quite a while lol) or used honey for a coupon code.

  • @mako9673
    @mako9673 3 роки тому +60

    I hear this fundemental, perhaps minute, misconception from most of these 'coupon' shoppers; claiming how they 'made' so much. No. They did not make any money. They may have saved money, but they did not make it. Most people probably don't sweat that distinction, but there are others with addictive personalities that can fuel their shopping fix.

    • @Greatmount
      @Greatmount 3 роки тому +1

      Rakuten gives actual cash back. FYI

    • @mako9673
      @mako9673 3 роки тому +8

      @@Greatmount So does my Discover card. I did not 'make that money' I saved it.

    • @ozzyfromspace
      @ozzyfromspace 2 роки тому +1

      @@mako9673 that’s actually an important distinction. Thank you.

    • @TheMannuman
      @TheMannuman 2 роки тому

      If i’m correct the Video Stated: „Cashback Buyers Bus 60% more“ -> so we ca Figuren out how much Money they have lost by using ist lol

  • @bardz0sz
    @bardz0sz 3 роки тому +69

    USA has a lot of deals, none of it in Europe, maybe some % off and that’s it, cash back is very very rare too

    • @springbok4015
      @springbok4015 3 роки тому +8

      Definitely seems like a US thing. Doesn’t really happen in South Africa of Australia either.

    • @Ujemaima
      @Ujemaima 3 роки тому +7

      Plenty of cashback websites in the UK, but yeah coupons in the US are on a whole 'nother level

  • @April2022
    @April2022 3 роки тому +53

    I'm still using stuff I have had since 2012 and get only groceries just make me feel Happy and Healthy. Over spending just make humanity depressing anywhere worldwide. Nobody need to over crowd their space staying force on getting better at been healthy for 2021.

    • @toxicityuser
      @toxicityuser 3 роки тому

      What is your point? How’s it related to this

    • @evm6177
      @evm6177 2 роки тому +3

      @@toxicityuser Coupons don't necessarily translate to savings.

    • @coffeebreak100
      @coffeebreak100 2 роки тому

      I agree, I choose to live the same way. The way the world is spending and buying and consuming is not sustainable. I am worried for our children’s future, physically and for their minds.

  • @jebidiahcarlyon3543
    @jebidiahcarlyon3543 3 роки тому +31

    Honey absolutely datamines and sells that information. Their business model would not work if they did not. We will be reading about how badly these companies have abused local idiot's trust within 5 years.

    • @omegahaxors3306
      @omegahaxors3306 2 роки тому +6

      Yeah I was like "Weren't they legally charged for datamining?" CNBC is usually pretty good but they also let blatant propaganda like that slip uncontested.

  • @anonsurfer
    @anonsurfer 2 роки тому +4

    Not spending money on useless things is the biggest rebate you can give yourself.

  • @Y_Canada
    @Y_Canada 2 роки тому +60

    "Then I realized how much he ate" - I DIED

  • @mohammedhussain6749
    @mohammedhussain6749 3 роки тому +120

    These businesses artificially increase the prices of products as businesses adjust to this new business model you’re better off supporting your local stores

    • @springbok4015
      @springbok4015 3 роки тому +6

      Sshhh don’t let them in on the secret.

    • @jeromeorji1057
      @jeromeorji1057 3 роки тому +12

      A 4-pack of shirts for $35.99, down from $359.99! A 90% savings!

    • @judithsmith9582
      @judithsmith9582 3 роки тому

      It's what I do.

    • @nicedurians
      @nicedurians 3 роки тому +2

      Even with artificially increased prices, businesses will always be cheaper than local stores because of economics of scale. Unfortunately I'm a consumer. I don't care where I get my products as long as they're cheaper

    • @fatallyfatcat5274
      @fatallyfatcat5274 3 роки тому

      @@jeromeorji1057 Nope. It's not. The price was just inflated first to afford the cupon or it's something that was gathering dust at the back of a werehouse for the last 5 years cause nobody wanted it XD

  • @khmerkandal121
    @khmerkandal121 3 роки тому +46

    Rakuten has just pulled their service in some European countries including Germany, so its more hit or miss instead of and exceptional success...

    • @santafeatbay
      @santafeatbay 3 роки тому

      That's too bad! I do quite well with them but Ibotta is faster bc it's based on groceries. I love to use gift cards because I get up to 10% back in rebates, but you have to read restrictions and exclusions carefully because using a gift card sometimes voids a rebate at least on the amount of the gift card

  • @justinfowler2857
    @justinfowler2857 2 роки тому +15

    I can say that 100% of the online promo codes I've tried don't work.

  • @izzuddinmnasir4884
    @izzuddinmnasir4884 3 роки тому +12

    Coupon will always make you spend more than you need. My strategy is to find a deal that I needed the most for long term and I have to bear in mind when to use coupon before expire date

  • @Paracosm
    @Paracosm 3 роки тому +155

    No wonder they can pay Mr.Beast so much money

    • @BenooneFun
      @BenooneFun 3 роки тому

      Mr best dosen't get paid that much off honey. Probably 10k, 15k at max

    • @theeraphatsunthornwit6266
      @theeraphatsunthornwit6266 3 роки тому

      How?

    • @itzgamerz3102
      @itzgamerz3102 3 роки тому +6

      @@BenooneFun believe me they get more, they said that David dobrik has between 250-500k in advertisment revenue per video

    • @BenooneFun
      @BenooneFun 3 роки тому +2

      @@itzgamerz3102 If they gave him 250k. Honey would probably be out of business

    • @chiquita683
      @chiquita683 3 роки тому

      Heard he gets $666k a year

  • @jennw6809
    @jennw6809 2 роки тому +6

    eBates was such a better name than Rakuten

  • @andreylucass
    @andreylucass 3 роки тому +41

    I only enable Honey when buying something, then I immediately disable it.

    • @evm6177
      @evm6177 2 роки тому +1

      🍷🕶👍

  • @chan_for
    @chan_for 3 роки тому +127

    I tried coupons in 500 products
    Success: 0

    • @jakobnev5973
      @jakobnev5973 3 роки тому

      Maybe you are not buying enough crap with high markup?

    • @chan_for
      @chan_for 3 роки тому

      CNBC, increasing word counts & exaggerating

    • @alexiso.453
      @alexiso.453 3 роки тому +1

      Fetch Rewards works pretty great for me 🤷🏽‍♀️

  • @divinejewelries6274
    @divinejewelries6274 3 роки тому +9

    Success isn't just about what you accomplish in your life; it's about what you inspire others to do there are no secrets to success. It is the result of preparation, hard work, and learning from failure.

    • @divinejewelries6274
      @divinejewelries6274 3 роки тому

      "The amount of time you spend believing we can’t is more than enough time to learn how you can

    • @divinejewelries6274
      @divinejewelries6274 3 роки тому

      @CRYPTOCURRENCY BEAST But you know when talking about becoming a trader, it makes sense to follow this same principle in forex and OFT market. The lesson is clear. A trader does not have to make lot of trades to be successful, And with the help of a professional trader this can be achieved

    • @lindaedi6320
      @lindaedi6320 3 роки тому

      @@Kevin-tx4ul If you know nothing about cryptocurrency and you want to get into it, don't rely on UA-cam videos alone to teach you how to trade or earn.

    • @lindaedi6320
      @lindaedi6320 3 роки тому

      @@Kevin-tx4ul try reading books,follow analysis and most importantly get a trader instructor to trade firstly on your behalf

    • @leonardguilbert8445
      @leonardguilbert8445 3 роки тому

      @@lindaedi6320 Yes that's correct

  • @circle_line
    @circle_line Рік тому

    this is such a comprehensive video with interviews with parties across the whole vertical. I learn so much from these videos

  • @bosshoss14
    @bosshoss14 3 роки тому +25

    I only use Honey to see price drop History on items on Amazon which helps me see if I'm buying the item at a good price. Other than that, I've never been able to actually save on discounts by using honey at checkout.

  • @TheRealE.B.
    @TheRealE.B. 2 роки тому +6

    Unspoken is the basic premise that coupons are usually just a way to enforce differential pricing by having a secret, lower price that can only be accessed by poor customers who are likely unemployed/retired and have extra time on their hands to jump through hoops to save a bit of money. If you use a lot of coupons, you are likely either poor or literally wasting your valuable time chasing meager savings. Some coupons have other purposes, like encouraging brand loyalty, but the ones you have to go out of your way to "find"...?

  • @hunter21331
    @hunter21331 3 роки тому +29

    Regular price is $100 but Im gonna sell it for $110 and give them $10 cupons... come on humans use your brain. Nothing is free or discounted, thats the real price after cupons

  • @GreenAppelPie
    @GreenAppelPie 3 роки тому +34

    Maybe 5 years ago, coupon sites actually worked to an extent, not anymore though.

  • @Reezy884
    @Reezy884 3 роки тому +15

    People who mindlessly buy random things are dependent on these coupon sites. As for normal consumers, we do our own price research on things we ACTUALLY want

  • @tltinatl
    @tltinatl 2 роки тому +4

    I'd like to see a story about these new services that allow you to split the price for your items into four payments. I used one of them for some expensive running shoes that are a brand I'd been buying anyway and to pay for a career-change workshop offered through my grad school's alumni association, but again I'd already decided to buy those things beforehand.
    However, one of the services now emails me at least once a week with "Must-have" expensive clothing, accessories and cosmetics "deals." I think this sort of thing is OK a couple of times a year, like to buy yourself or someone else a really nice, meaningful gift that you otherwise couldn't afford all at once. But their goal, of course, is to get people into the habit of buying overpriced, high-status brand name merchandise they otherwise wouldn't because now it's perceived as "affordable."

    • @SahFeirce33
      @SahFeirce33 2 роки тому

      They have Affirm, Zip, PayPal, After Pay & Klarna

  • @cdcurry1203
    @cdcurry1203 3 роки тому +16

    I prefer online coupons mainly bc I am so sick and tired of being sent crap in the mail soooooo much wasted paper it just goes straight to the trash and it is almost impossible to stop crap mail coupons from being sent to me in the mail. I really want junk mail to be banned it is just killing trees and wasting paper. As far as coupons go I don't use them much bc buying off brand is typically cheaper and if I am looking to save money that is still my preferred method.

    • @User-du7kf
      @User-du7kf 2 роки тому

      Online isn't that efficient either. They generate lots of carbon and maintaining servers cost money.

  • @finaayuwardani
    @finaayuwardani 2 роки тому +1

    I watch several videos how people are so encouraged to use coupons but in Indonesia, it's like you actually get a little compare to the effort.
    for example, a restaurant may accept a coupon for a certain purchase of product that is a higher price than other items there. like we forced to buy that type of food, at certain price just to get a little reduction of price.
    or worse, here some water parks sell a catalogue of rides. take an example, a catalogue that costs 20 USD offers 50 rides, which equal to 40USD but we barely enjoy the rides because the coupons have ED and we don't go there that often. We end up uses 10-20% of the coupons that worth less than what we paid without noticing the fact.

  • @AceChampElite
    @AceChampElite 2 роки тому +3

    Did I just watch a 17 min ad for Brads Deal? I’ve never heard of them.

  • @JuBrew
    @JuBrew 3 роки тому +5

    Starts at 7:30

  • @rachithrr
    @rachithrr 3 роки тому

    I understand bringing someone to talk, but this video brought so many that i lost track of the question

  • @teresaalford5978
    @teresaalford5978 3 роки тому +9

    Let's not forget you HAVE TO SPEND MONEY to get refunds. How about NOT spend and save for emergencies like "I don't know" "how about a pandemic"!!!!!!

    • @santafeatbay
      @santafeatbay 3 роки тому

      You definitely want to make sure you're purchasing needs not wants most of the time

    • @cable30
      @cable30 2 роки тому

      Yea, seeing this video makes me wonder how many buy just to have and shop so much become hoarding of stuff they really dont need cause it was cheaper with coupon lol. i seen videos of peeps buy so much and still got tag cause addiction over time.

  • @jebremocampo9194
    @jebremocampo9194 2 роки тому +1

    Yeah, the big companies want regulations because it will stifle competition. Right now the coupon industry is going great, but if you introduce more regulations, it will lower competition and ultimately force people to have fewer choices

  • @ceesparxxx
    @ceesparxxx 2 роки тому +4

    You know Newspaper companies who do a Sunday papers aren't happy about this lol. I know a lot of people who only buy Sunday papers just for the coupons lol.

  • @annettesurfer
    @annettesurfer 2 роки тому +1

    I wanted to know which ones generate the most money for us, not them. We've transferred a bit of cash to our Paypal account from BeFrugal and RetailMeNot but nothing from Honey or Slickdeals. Now that's from the cashback feature since while they all seem to cycle through the codes looking for discounts...they rarely ever find one.

  • @rachmadsuhartono
    @rachmadsuhartono 3 роки тому +2

    3:52 maybe that's a marked up price for plant stand

  • @vicvaughn9034
    @vicvaughn9034 3 роки тому +27

    ive had Honey in the UK for nearly a year and truthfully it doesnt really work that well. but hoping it will catch up with America bc it has the potential

  • @michellezevenaar
    @michellezevenaar 2 роки тому

    Coupons are rare in Europe. Here you get a loyalty card and most deals are automatic. Sometimes there are coupons that you need to activate to use via the app.

  • @kentucky4494
    @kentucky4494 3 роки тому +29

    There are only two ways to make money on the internet Selling stuff and who can guess the 2nd?

    • @kathleenstoner.n7499
      @kathleenstoner.n7499 3 роки тому +9

      It must be stock trading i guess. In all honesty, stocks made me a millionaire just a year and few months after retirement.

    • @amydiscovered2665
      @amydiscovered2665 3 роки тому +9

      @@kathleenstoner.n7499 Congratulations! stocks go down immediately i buy. My strange super power 😂 What's your secret?

    • @kathleenstoner.n7499
      @kathleenstoner.n7499 3 роки тому +2

      @@amydiscovered2665 lol... I don't do it myself found one Martha Elizabeth Linsley on the internet. She is an angel.

    • @kevinjohnstone4023
      @kevinjohnstone4023 3 роки тому +3

      Sport betting?

    • @listpost
      @listpost 3 роки тому +3

      As you can see from the replies...the answer is SCAMS

  • @surgec
    @surgec 3 роки тому +7

    Mind blown. Solid video!

  • @IKEMENOsakaman
    @IKEMENOsakaman 3 роки тому +11

    There's business chances everywhere, it's just we don't see them

  • @artraft5142
    @artraft5142 3 роки тому

    Relevant coupons will come into our phone as alerts (or contained in a coupons app within our phone) when the network (t-mobile, att, etc) data and the algorithms knows the inventory of items we have, else we will be offered something we already have. We will buy the same items many times by not having discipline. #selecttherightupgrade

  • @nils9293
    @nils9293 2 роки тому +1

    So basically the shops raise the prices, some people profit from it (people who heavily use these cashback apps) while 90% of the customers do not (they pay a lot more in the long run).

  • @roniquebreauxjordan1302
    @roniquebreauxjordan1302 2 роки тому

    Good one..Visa & MC must be in on..

  • @satoapendragon1257
    @satoapendragon1257 3 роки тому

    Do these work on non USA websites?

  • @FinancialShinanigan
    @FinancialShinanigan 3 роки тому +13

    You might save with a coupon but can end up buying things you don't need

  • @bot6349
    @bot6349 3 роки тому +11

    always wondered how they make money

  • @ulogy
    @ulogy 2 роки тому +1

    Canadians: Wait, so Target failed in Canada then rolled out the Canadian Tire business model in the US?

  • @debbieframpton3857
    @debbieframpton3857 3 роки тому +2

    I haven't shopped Walgreens since they quit putting the ads in the Sunday paper

    • @spektred
      @spektred 2 роки тому +1

      The world will keep spinning even if you choose to stand still.

  • @amistenson2535
    @amistenson2535 3 роки тому

    Then why does it seem like they are losing money with the limited availability of them, or the real ones anyways?

  • @omegahaxors3306
    @omegahaxors3306 2 роки тому +1

    Back up and look at the reality of the situation: People are willingly consuming advertising so that they can spend more money.
    You can save a lot more than a few % by just not buying that thing you don't need in the first place.
    My mother has spent *thousands* on crappy Groupons which she then justifies buying.

  • @whatthewhat11
    @whatthewhat11 2 роки тому +1

    This is why everyone is in debt. Put a $1,000 purchase on a 24% interest credit card to get 8% back

    • @dianem.6118
      @dianem.6118 2 роки тому

      I mean if its something you had to buy anyway then its good. Free cash . Just pay it all off before it accumulates interest. Sadly most people can’t do that

  • @ninjanerdstudent6937
    @ninjanerdstudent6937 3 роки тому +10

    That’s how I got the newest iPad for $120 and Apple Pencil for $50. Totally worth it.

    • @publius9207
      @publius9207 3 роки тому

      What site did you use

    • @ninjanerdstudent6937
      @ninjanerdstudent6937 3 роки тому +1

      @@publius9207 Slick Deals

    • @alexiso.453
      @alexiso.453 3 роки тому +1

      I’ve also done this with Fetch Rewards! I know there are codes that you can put in like NYNBQ but those give you like 2$

  • @rdberk
    @rdberk 3 роки тому +1

    Why is there no mention of the blog sites that generated the interest for the products sold in the first place? These folks are doing all the homework and the coupon sites swoop in at the last moment and steal the commission earned by the blogger. What happens when there is no place to go for insights into the usage and real-life usage of the products being sold. The goose that lays the golden egg is being consumed by Rakuten and Honey and all the like. Coupons are important. But the commissions should at least be shared. The coupon sites didn't make the opportunity on their own. Share it.

  • @leighfei
    @leighfei 2 роки тому

    Except Rakuten does have high end brands like saks, Bergdorf and many brands they sell.

  • @civilizedagesabers
    @civilizedagesabers 2 роки тому

    All corporations charge 1000x Mark up. The bigger their manufacturing order of the product the more the cost drops.
    A product could cost $0.05 each, they charge $4.99 to us. And you're hunting for a coupon...

  • @markblinks8597
    @markblinks8597 3 роки тому +16

    Glad to say I bought my first house from investment I made on trade. It's 2021 and I know more is yet to come. This year is going to be better

    • @benjaminleo9683
      @benjaminleo9683 3 роки тому

      Congrats. Iinvesting pays when you invest right. Happy it works for you how much do you earn

    • @user-pz7bm1ko5b
      @user-pz7bm1ko5b 3 роки тому

      Great to know. How much profit do you make

    • @markblinks8597
      @markblinks8597 3 роки тому

      $9,520 every 7 trading days

    • @sussanphilp8795
      @sussanphilp8795 3 роки тому

      @@markblinks8597 congratulations dear

    • @aryanreyansh3080
      @aryanreyansh3080 3 роки тому

      Big moves 🔥🔥🔥

  • @sandrahelen1532
    @sandrahelen1532 2 роки тому +2

    The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally

    • @robhal6387
      @robhal6387 2 роки тому

      Most people don't invest due to ignorance

  • @owavywayy5472
    @owavywayy5472 3 роки тому +2

    Honey coupons never work for me

  • @AhmedAbdullah-me5xb
    @AhmedAbdullah-me5xb 3 роки тому +4

    10:36 Now that is the kind of person I would want to trust...

  • @Chaosknight40k
    @Chaosknight40k 3 роки тому +14

    tried pretty much all of these coupon browser addons, pretty much never works and even some times puts in a coupon thats worse than whats being already offered directly in the store.

    • @santafeatbay
      @santafeatbay 3 роки тому

      Phone app rebate services definitely work better than browser extensions but images are smaller :)

  • @smd5779
    @smd5779 3 роки тому +5

    It’s not new my friends! The old bait and switch has been around even before Christ walked the earth.

  • @LucasTOrz
    @LucasTOrz 3 роки тому +1

    Just buy what you need instead of what u want. I do hate ads. No deals for me.

  • @newmexicoballer3867
    @newmexicoballer3867 2 роки тому

    Word of advice. Never click on any Google ads. The major of the are fake fishing scams.

  • @sacgeekgirl
    @sacgeekgirl 2 роки тому

    Sometimes I wish I was into couponing but that also costs time

  • @lucasoliver898
    @lucasoliver898 3 роки тому +61

    That's the power of a strategic investment at its best, I really pray God reviews to many U.S citizens and other countries the importance of the stock market investment to there financial statues..

    • @jaceeedyson3320
      @jaceeedyson3320 3 роки тому +2

      Absolutely true💯

    • @johansen2765
      @johansen2765 3 роки тому

      Talking about investment,
      I've lost more than half of my capital trading in NKE stocks for few weeks now.

    • @sarahgeorge5908
      @sarahgeorge5908 3 роки тому +1

      @@johansen2765 Will say you only made the wrong stock investment options choices..

    • @lucasoliver898
      @lucasoliver898 3 роки тому +3

      @@johansen2765 Dow Jones stocks,AAPL and ^FTSE are good options in growing a profitable portfolio under a portfolio manager.

    • @johansen2765
      @johansen2765 3 роки тому

      @@lucasoliver898 A portfolio manager?
      How does that help in making profits.

  • @MsTheresa7412
    @MsTheresa7412 3 роки тому +11

    I often wonder if the price of items are slightly inflated because of digital coupons. I use honey bee (I think that's the name of it or honey) and capital one.

    • @Greatmount
      @Greatmount 3 роки тому +3

      Yes they are. They use data to determine the price that sells and the msrp is much higher.

  • @lit3.566
    @lit3.566 3 роки тому

    It just know what you are willing to pay it’s not deals!!!! They learn our budgets

  • @ameyalimaye5765
    @ameyalimaye5765 3 роки тому +1

    Honeeeeeeeyyyyyyyyy - Bill Burr

  • @realSimoneCherie
    @realSimoneCherie 2 роки тому

    “You did okay 😕 “

  • @santafeatbay
    @santafeatbay 3 роки тому

    Before you judge these services too harshly, I had a $100 Ibotta earnings balance, they ran a 12% rebate on an auto store gift card, I needed a battery $200 *Same at every store in town, I checked.* I paid $100 out of pocket and used my Ibotta balance for a $200 gift card AND Ibotta gave me $24

  • @merrim7593
    @merrim7593 3 роки тому +2

    And how much credit card debt do you have?

    • @debbieframpton3857
      @debbieframpton3857 3 роки тому

      Personally I have no debt but I also do not do online shopping most of my clothing and household products are purchased at Goodwil ,garage sales or resale shops that's how I save. Truthfully I haven't shopped in a Goodwill since this pandemic started.

  • @ragincanadiangmail
    @ragincanadiangmail 2 роки тому

    I wonder how much of a discount Josh Myers got on that hair piece.

  • @annmariepierre4658
    @annmariepierre4658 2 роки тому

    Where do I start

  • @JacksonJetsetting
    @JacksonJetsetting 3 роки тому +1

    Brad's Deals does an amazing job finding me savings.

  • @tjjackson1078
    @tjjackson1078 3 роки тому

    I see opportunities and possibly the future of shopping, if they could promote the idea better. PayPal wallet gold silver bronze shopper...this is something evolving. Their data gathering is ok for trends and the like. Not personal data. Unfortunately Apple may have put a knife in the back of this. Time will tell if it leads to the death of this industry.

  • @DarkshadeMusic
    @DarkshadeMusic 2 роки тому

    Best ad video ever.

  • @miles5600
    @miles5600 2 роки тому +1

    i uninstalled honey cause it never finds me a working coupons.

  • @laho2943
    @laho2943 3 роки тому

    In the Sino-British joint statement in Hong Kong, the CCP said that it was an outdated contract that wastes paper. Hong Kong has become an ordinary city in China, so Hong Kong dollar foreign exchange has also been completely controlled. The Sino-US Joint Communiqué must also become waste paper. If the United States does not wake up and thinks about interests, it will cause the entire United States to collapse because of interests. See what happened to Jack Ma? Can American businessmen escape? Can the American media businessmen who make money with the CCP finally escape?

  • @TheMadisonHang
    @TheMadisonHang 3 роки тому

    I'm gonna name my kid coupon,
    and my other kid Clarence

  • @suryansh70
    @suryansh70 Рік тому

    extremely insightful

  • @666yaoz
    @666yaoz 3 роки тому +5

    I use slickdeals daily. It probably saved me over $1000 since I have used it.

  • @davidcookmfs6950
    @davidcookmfs6950 2 роки тому +3

    I have been using computers since the early 1980s, and I have learned as soon as the Internet was a thing to avoid signing up for things. I am not going to sign up to get a $10 coupon and then get 20 spam emails a day from them.

    • @xmine08
      @xmine08 2 роки тому

      Just sign them up on a burner e-mail address. Then grab the code and unsubscribe after going through with the purchase.

  • @piyushjoshi2527
    @piyushjoshi2527 3 роки тому +2

    i still dont understand this whole business 😪😪😂
    ok......so lets take, honey makes money from commision from retailer 👍, so, if $100 product is sold to customers, at $80 then isnt retailer at loss? bcz they are giving discounted products even though they can charge whole $100 (+ plus) they have to give comission to these coupon companies 🤔 the only thing is POSITIVE is that these RETAILERS ARE GETTING TRAFFIC, but traffic doesnt mean high sales !!

    • @roundtree30
      @roundtree30 3 роки тому +1

      Just because the product is 100 dollars and the coupon is for 80 dollars the company is still making a profit. Just remember that. It may not be as big of a profit but there is still a profit.

  • @digitalkoh
    @digitalkoh 2 роки тому +1

    A.I. 'personalization' just means they have better odds at hooking you in with a bait.
    Also, the algorithms are flawed at best.
    You may no longer be interested in certain category of items once you've acquired it. But the algorithm thinks you'll be buying lawn mawrs foerever. 🤣
    Once I was searching for low, low priced used cars for my kid.
    Now, I get ads in Spanish!
    I don't speak spanish. I never typed anything in spanish.
    Go figure.

    • @Hebrews.11.1.3
      @Hebrews.11.1.3 11 місяців тому

      🤣 Jajajajajaja
      A.I is just code written and optimized by humans. So these biases are bound to be en-coded into the A.I model too in one way or another. Either from inception or through it's training. Interesting observation though. 🤣

  • @auro1986
    @auro1986 3 роки тому +1

    cnbc makes own coupon rates

  • @lorenzo4819
    @lorenzo4819 3 роки тому +11

    That's how Mr. Beast makes $$$$

    • @Vernardo
      @Vernardo 3 роки тому

      On which sites?

    • @edem4135
      @edem4135 3 роки тому

      @@Vernardo honey is a sponsor

  • @fhdcbdfkdjnisdnoi
    @fhdcbdfkdjnisdnoi 2 роки тому

    they actually buy 1.7 x more than normal people. I know people like that, they are never satisfied with what they have and the market encourage their addiction.