As excitement builds for Amazon’s highly anticipated Prime Big Deal Days, this advice from the company’s founder and executive chairman, Jeff Bezos, is something every consumer should keep in mind amid economic uncertainty. In an interview with CNN, Bezos expressed concern about the current economic landscape, saying, “Things are slowing down. You’re seeing layoffs in many sectors of the economy.”
FILE – Amazon founder Jeff Bezos is seen on the sidelines before kickoff of an NFL football game, Sept. 15, 2022, in Kansas City, Mo. The founder of Amazon is buying a house on an exclusive barrier island in Miami where I’ll be next door to Tom Brady, Ivanka Trump and her husband Jared Kushner. (AP Photo/Charlie Riedel, File)(AP)
Bezos advised buyers, saying, “Keep some dry powder handy… Just a little bit of risk reduction could make all the difference to that small business if we get into more serious economic trouble. You have to play the odds a little bit.”
With Prime Big Deal Days starting October 10th at 3AM ET and running through October 11th, Amazon is gearing up to offer tons of tempting deals across a variety of categories, including electronics, toys, home, fashion, beauty and Amazon devices. The event, tailored to Prime members, promises new deals every five minutes, creating a shopping frenzy just in time for the upcoming holiday season.
Bezos’ advice resonates as shoppers brace for significant discounts. He emphasized prudence, especially for major purchases like big-screen TVs or home appliances, suggesting, “If you’re an individual thinking about buying a big-screen TV, maybe you should wait, hold on to your money and see what happens. . . . Just take risk out of the equation.”
In preparation for Prime Day sales, here are some smart shopping tips to help consumers make the most of sales while staying on budget:
1. Research and Compare: Research product specifications and prices at various retailers. Amazon’s Prime Day deals may seem tempting, but making sure you’re getting the best deal is key. Check out competitors like Walmart, Target, Ulta and Sephora before making your decision.
2. Set a budget: Determine how much you are willing to spend and stick to it. Setting a budget in advance prevents impulse purchases and helps you increase your savings effectively.
3. Prioritize your wish list: Focus on the items you really need or have been eyeing. Prioritize essentials over luxuries, ensuring your purchases are tailored to your requirements.
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4. Enable Offer Notifications: Stay informed about price drops by setting up offer notifications. Amazon allows Prime members to receive lightning deal alerts, ensuring you never miss out on significant discounts.
5. Use the right credit card: Some credit cards offer exclusive discounts and bonuses for online purchases. Use a card that increases your savings and provides additional benefits such as extended warranties.
6. Choose products with return options: Opt for products with hassle-free return policies. Amazon’s easy returns process ensures that you can exchange or return items if they don’t meet your expectations.
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Source: newstars.edu.vn