Why Are Daily Deal Sites So Popular?

No doubt that if you have been online lately, you have noticed a plethora of “daily deal” advertisements on nearly every page you visit. With the economy in the shape it’s in, there is a good reason buyers are looking to save a significant amount of money on anything from baby items to the newest video game system. Surely the thought of saving $20-$75 on certain items that you can keep and use is very popular. But there are other reasons buyers are flooding these daily deal websites. One of the reasons is the resellability of the items on these sites.

Many buyers are finding great deals and reselling them for profit on their own websites, Craigslist, eBay, other online outlets and to people they know. It’s easy if you know what to look for in a deal. A well adapted eBay user understands that many of the popular new items will sell for 75% of the retail price. That’s what makes eBay so popular. The reason the items sell much cheaper is that there are hundreds of active listings of that item, which pushes the price down significantly. There are items, however, that are not so easy to find and can sometimes draw more than the original retail price. These are the items that will make money for buyers of a daily deal.

eBay can be an accurate gauge of online prices, but you have to pay attention to other factors. If you are looking to resell an item that you see on a deal of the day site, use eBay as the guide, but also pay attention to the number sold in the past seven days, the number of active listings, and of course, the shipping prices to determine your profit margin capability. If you find a good profit margin for a certain item and the trend shows the price will stay there, it’s a good idea to buy more than one of that item from a daily deal site. Many buyers are reaping profits of hundreds of dollars per day using this technique.

Buyers might want to look past finding a bargain online just to keep and use themselves. They might find that if they find the right bargain they could make extra money from surfing those daily deal sites. It’s fun and it’s easy.