Shopping online is now even cheaper then shopping at the average high street stores, even when you take the postage into account of the final price of your shopping. Combined with the fact that shopping online is so much easier than physically going to the high street shops yourself, you can see why Internet shopping has become so popular in the past few years.
Prices of items and services online are already incredibly cheap due to the fact that the shops have fewer overheads to pay and other cost-related factors, but now there is a way to get these products or services for an even cheaper amount.
Before telling you about this new way of purchasing goods for even cheaper online, you must first understand the principle of commission, and affiliate relationships on the Internet. Basically anyone with their own website can become an affiliate of another retailer. For example, if I had my own website related to pizza, I could become an affiliate of a store like Tesco.com, or Asda.com (two well known food retailers). This means I could place a banner advertising Tesco.com on my website, and then whenever one of my website visitors clicks this Tesco banner and makes a purchase at that food-retailer website, I will earn a certain amount of money. This money is called commission, as I am an affiliate of Tesco.com. If that person spent £100 on pizza, I might be paid around %5 commission – £5.
Now, remembering the idea of commission and affiliates as mentioned above, what if someone made a website with affiliate links to every online shops and service providers you can think of – a link to online food retailers, clothing shops, DVD retailers, car insurance providers, online banks etc. What if someone made this website with all these affiliate links, so that every time someone made a purchase or completed a transaction at one of the websites above, that website-owner would earn a lot of commission? But what if instead of this person keeping all of the money gained from commissions, they gave a certain percentage of it back to you – the shopper. This is now called cashback – when someone purchases an item and receives a certain amount of cash back.
For example you might log on to this cashback website and find the link to a car insurance website. You might take out a quote with this insurance company, spending a certain amount of money. The cashback website would probably earn around £40 from this transaction, as car insurance is worth quite a lot of money. Instead of the cashback website keeping the full £40 as commission, they might give you back around %90 of this amount. So you could be paid around £35 for taking out your car insurance via the cashback website.
Obviously different cashback websites have different margins, so whereas some might pay you back %50 commission on the transaction you have just completed; others might pay back the full %100 commission. Cashback websites do this to encourage people to shop online via their website, because they are earning a small amount of money every time you do so (again, this amount they earn depends on their overall margins).
So now if you think the cheapest DVD’s available on the Internet were on sale at Amazon.com, think again – obviously you could be correct, but you could still get them even cheaper by using a cashback website first. You would simply log on to the cashback website (which is completely free to join and use) and you would find the link to Amazon.. You would click this link and make the purchase of your DVD as usual, and the cashback website will hopefully track this transaction, and pay you the specific rate of cashback on offer. By using a cashback website you could easily save up to %50 of the final price of your online shopping bill, which can’t be a bad thing.
Make money online from answering paid surveys by email, writing product reviews, and by earning cash back every time you shop online, getting the best prices possible on the Internet. Learn more and join these sites for free by clicking one of the above website links and start to make money online today.
Tags: cash back, cashback, cashback websites, cheap shopping, cheapest prices, low prices, paid to shop