shopping tips http://www.wisebread.com/taxonomy/term/7/all en-US Flashback Friday: 53 Grocery Shopping Tricks That'll Make Your Life Easier http://www.wisebread.com/flashback-friday-53-grocery-shopping-tricks-thatll-make-your-life-easier <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/flashback-friday-53-grocery-shopping-tricks-thatll-make-your-life-easier" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/man_grocery_bag_500927185.jpg" alt="Man using grocery shopping tricks that make his life easier" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You head to the grocery store, armed with a list and a plan to be as efficient as possible, and then somehow you become an aimless browser. You fall victim to impulse buys and overpriced salads from the deli. And when you get home, you spent more time and money than you should have, and you forgot one of the key items you need for upcoming meals. No more. Here are 53 grocery shopping tricks that'll make your life easier.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/woman_grcoery_bag_000018272858_0.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/21-fresh-food-delivery-services-that-can-save-you-big?ref=fbf">21 Fresh Food Delivery Services That Can Save You Big</a> &mdash; Skip the trip to the store entirely and have all your food delivered! Sound like a dream come true? It is. Here are all the best services to try.</p> <p><a href="http://www.wisebread.com/5-checkout-line-tricks-to-finish-shopping-faster?ref=fbf">5 Checkout Line Tricks to Finish Shopping Faster</a> &mdash; When you just want to get in and out of the grocery store, follow these smart shopping tricks. Avoiding chatty cashiers and opting for the checkout lanes on the left could save you lots of precious time.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/woman_fresh_strawberries_000067876803_0.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/5-off-season-foods-that-are-destroying-your-grocery-budget?ref=fbf">5 Offseason Foods That Are Destroying Your Grocery Budget</a> &mdash; A really easy fix to staying on-budget is to avoid the sections of the store with foods that are currently offseason. Stick to what's in-season and you'll save time and lots of money.</p> <p><a href="http://www.wisebread.com/6-ways-having-your-groceries-delivered-can-save-you-money?ref=fbf">6 Ways Having Your Groceries Delivered Can Save You Money</a> &mdash; You might assume that getting your groceries delivered is a luxury only the rich can afford. Not true! If you shop smart, you can actually save money by having your food delivered to your door.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5171/man_confused_groceries_000061844584_0.jpg" width="605" height="340" alt="" /></p> <p><a href="http://www.wisebread.com/9-ways-you-are-sabotaging-your-weekly-grocery-budget?ref=fbf">9 Ways You Are Sabotaging Your Weekly Grocery Budget</a> &mdash; The best way to improve any skill is to learn from your own mistakes, right? Take a look back at your previous grocery receipts, give meal planning a try, clip those coupons, and your grocery budget will remain intact.</p> <p><a href="http://www.wisebread.com/the-best-and-worst-times-to-go-grocery-shopping?ref=fbf">The Best and Worst Times to Go Grocery Shopping</a> &mdash; A big part of making grocery shopping easier is knowing when to shop in the first place. Because there are certain times &mdash; weekend afternoons, for example &mdash; when you shouldn't go at all.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/chrissa-hardy">Chrissa Hardy</a> of <a href="http://www.wisebread.com/flashback-friday-53-grocery-shopping-tricks-thatll-make-your-life-easier">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-122-no-fuss-dinner-ideas-thatll-save-you-money">Flashback Friday: 122 No-Fuss Dinner Ideas That&#039;ll Save You Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/shopping-at-whole-foods-12-smart-ways-to-save">Shopping at Whole Foods: 12 Smart Ways to Save</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-having-your-groceries-delivered-can-save-you-money">6 Ways Having Your Groceries Delivered Can Save You Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-and-worst-times-to-go-grocery-shopping">The Best and Worst Times to Go Grocery Shopping</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-grocery-shop-for-five-on-100-a-week">How to Grocery Shop for Five on $100 a Week</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Food and Drink Shopping buying food fbf flashback friday food shopping groceries grocery shopping shopping tips Fri, 24 Mar 2017 09:30:40 +0000 Chrissa Hardy 1915404 at http://www.wisebread.com 10 Classic Impulse Buys We Need to Stop Falling For http://www.wisebread.com/10-classic-impulse-buys-we-need-to-stop-falling-for <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-classic-impulse-buys-we-need-to-stop-falling-for" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_holding_cake_37433622.jpg" alt="Woman resisting impulse buys we need to stop falling for" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>An impulse buy is just how it sounds. It's a purchase that we haven't really thought through, and instead follow the direction of our &quot;<a href="http://www.wisebread.com/dont-let-lizard-brain-derail-your-finances">lizard brains</a>.&quot; We don't ponder the pros and cons of the purchase, or even think about what it is we're actually buying. We simply grab it, pay for it, and enjoy it. But these little impulse buys can really add up to some serious money every month. And just by alerting yourself to the biggest offenders, you may actually think twice next time you're about to grab one, and save yourself a nice chunk of change every month. (See also: <a href="http://www.wisebread.com/9-simple-ways-to-stop-impulse-buying?ref=seealso">9 Simple Ways to Stop Impulse Buying</a>)</p> <h2>1. Magazines</h2> <p>You're standing in line at the checkout, you've loaded up the conveyor belt, and now you're playing the waiting game. That's when you notice some of the outrageous or tempting headlines on the magazines in the rack, and pick one up. Before you know it, you're sucked in, you've plopped the magazine on the conveyor, and you've just spent $5 on something you were not planning to buy. That, in itself, is bad enough. But magazines fresh off the rack are way more expensive than a magazine subscription. These days, you can pick up a subscription to most of the big magazine titles for between $5-$10 per year! Not only that, but almost everything you read in the magazine is available online, through your phone, tablet, or computer. It's a complete waste of money.</p> <h2>2. Candy</h2> <p>Oh, those pesky supermarket designers are devious. They know just how to get you dipping into your purse or wallet, and candy is a classic example. Even if you're not tempted by chocolate or sugary snacks, kids are. And the &quot;nag factor&quot; is enough to make most parents, grandparents, aunties, and uncles, cave in. You will also see special offers on candy in the checkout line, such as BOGO free, or BOGO half off. You may also see &quot;Buy 2, Get 1 Free.&quot; These offers are designed to push you from a maybe to a &quot;well heck, I don't want to miss out on that kind of a deal!&quot; And before you know it, you've added a bunch of extra calories, and expenses, onto your grocery haul.</p> <h2>3. Cold Drinks</h2> <p>Have you noticed that mini-refrigerators have been popping up at checkouts with increasing regularity? From stores like Walmart and Target, to Goodwill, Ross, and Best Buy, as you wait in line, you will be staring into ice-cold beverage heaven. For some reason, many of us are preprogrammed to just naturally grab a drink after we've been shopping, but those drinks are more expensive as singles than as part of a pack &mdash; a pack you can find just a few aisles away. Plus, you need to ask yourself, &quot;Are you really that thirsty?&quot; Many stores have drinking fountains, so grab some free water before dropping $2-$4 on a drink you probably don't need.</p> <h2>4. Lip Balm</h2> <p>Raise your hand: How many of you have more than three or four lip balms at home (and yes, I'm putting my hand up, too). It may be more common in places with a drier climate, like Colorado or Arizona, but for some reason, the lure of the fresh, hermetically sealed lip balm is as tempting as candy and soda. And at the same time, we seem to forget how many we already have at home in the junk drawer or nightstand.</p> <h2>5. Batteries</h2> <p>&quot;Batteries Not Included&quot; is a phrase that has been burned into the memory of anyone that has ever given a present to an eager child. They open it up, press the buttons, and nothing happens. That's when you realize it takes eight size &quot;C&quot; batteries and all the stores are closed. Due to that conditioning, batteries are strategically placed near checkouts in grocery stores, warehouse stores, and electronics outlets. &quot;Don't forget your batteries&quot; ticks away in your head, and you grab a pack of each variety&hellip;. just in case. They join their unopened brothers and sisters on the shelf in the garage. One day, hopefully before they run out of juice, they'll get used.</p> <h2>6. Gum or Mints</h2> <p>Another classic impulse purchase is the tin of mints or packs of gum. They're placed at eye-level, right as you're plunking down your purchases for the cashier. No one likes a whiff of bad breath, so a tin of extra strong mints and a pack of spearmint gum will do the trick. They're only a few bucks, after all. You can put them in the glove compartment, and hope you'll have a reason to use the 60 sticks of gum that are already in there.</p> <h2>7. Coffee</h2> <p>What is the deal with coffee these days? It's like you can't walk 10 feet without bumping into a store selling the latest organic, dark roasted, pumpkin-spice-flavored cup of joe. Let's be honest though. Somewhere along the line, we were all convinced that paying $6-$7 for coffee was reasonable, even though we can all make perfectly good coffee at home for a tenth of the price. The smell of coffee, and the incredible flavors that go into it, is often hard to resist. There are Starbucks stores inside grocery stores, just near the exit, and one whiff is enough to get most people diving into their pockets for a quick pick-me-up.</p> <h2>8. Fast Food</h2> <p>Just like coffee stores, fast food brands have been setting up shop in grocery stores and retail outlets around the country. For instance, you can find both Subway and McDonald's inside Walmart, and they do an incredible amount of business. Some people say that you should never do your shopping on an empty stomach, and grabbing a quick burger before hitting the aisles seems like a good idea. Or, as you leave the store, the scent of grilled beef and fresh bread breaks down your willpower in seconds. Before you know it, you're munching on a burger in the car, despite having a week's supply of food in the trunk.</p> <h2>9. Energy Shots</h2> <p>These pesky critters have been popping up around the checkouts for the last few years. It used to be just one brand (Five Hour Energy), but now there are dozens of different brands on the scene. Gas stations and supermarkets are not exactly fun places to be, and if you're in one for long enough, or you're having one of those days, a little shot of energy seems like a great idea. &quot;I'm tired&hellip;oh, energy in a bottle. I'll take one!&quot; These shots can cost $2-$3 each, and the effects they have vary from person-to-person. You may get an insane energy buzz, or barely a twitch. Either way, it's an expensive little impulse.</p> <h2>10. Protein Bars</h2> <p>Protein. Protein. Gotta have your protein. These protein-packed bars are big business, and can be found in various places, including the vitamins and supplements aisles. That is a bit bizarre, because although they do contain a big chunk of protein, they also contain a list of ingredients that would give a healthy eater nightmares: <a href="http://www.prevention.com/food/bad-energy-bar-ingredients">high-fructose corn syrup, inulin</a>, agave syrup, sugar alcohols, and fractionated palm kernel oil are just a few horrors lurking in them. But due to our increasingly hectic lifestyles, these have become a quick &quot;grab-and-go&quot; meal replacement. No time for lunch? A protein bar will do. Actually, it won't. It's an expensive mistake, and it can lead to sugar crashes and diarrhea.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/10-classic-impulse-buys-we-need-to-stop-falling-for">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-44-sneaky-shopping-traps-to-avoid">Flashback Friday: 44 Sneaky Shopping Traps to Avoid</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/cheat-sheet-retail-markup-on-common-items">Cheat Sheet: Retail Markup on Common Items</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-secrets-to-scoring-the-best-price-when-buying-on-ebay">7 Secrets to Scoring the Best Price When Buying on eBay</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-times-coupons-trick-you-into-spending-more-money">5 Times Coupons Trick You Into Spending More Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-smart-ways-to-save-on-audio-books">8 Smart Ways to Save on Audio Books</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Shopping candy gum impulse buys junk food saving money shopping shopping hacks shopping tips willpower Thu, 03 Nov 2016 09:00:10 +0000 Paul Michael 1825862 at http://www.wisebread.com Best Money Tips: Become an Efficient Shopper in 10 Minutes http://www.wisebread.com/best-money-tips-become-an-efficient-shopper-in-10-minutes <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-become-an-efficient-shopper-in-10-minutes" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_shopping_clothes_000008431873.jpg" alt="Woman becoming efficient shopper in 10 minutes" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found tips to shop efficiently, how to gain control of your finances in the New Year, and cheap ways to avoid dry skin in the winter.</p> <h2>Top 5 Articles</h2> <p><a href="http://www.admiremoms.com/how-to-become-an-efficient-shopper/">How to Become an Efficient Shopper in Just 10 Minutes?</a> &mdash; Know which stores in your area are more budget friendly and check their prices for the items that you buy most frequently. [Admire Moms]</p> <p><a href="http://shopperstrategy.com/2015/12/29/7-tips-for-gaining-control-of-your-finances-in-the-new-year/">7 Tips for Gaining Control of Your Finances in the New Year</a> &mdash; Find non-monetary ways to reward yourself for your hard work. [Shopper Strategy]</p> <p><a href="http://www.cheapism.com/blog/4035/winter-skin-care">10 Cheap Ways to Ward Off Dry Skin This Winter</a> &mdash; Use soap-free body and face wash to avoid irritating your skin and stripping your skin of moisture. [Cheapism]</p> <p><a href="http://www.popsugar.com/smart-living/Interview-Mistakes-35619757">9 Costly Interview Mistakes That Can Lose You the Job Offer</a> &mdash; Don't beat around the bush &mdash; you'll risk losing the interviewer along the way. Get to the point! [PopSugar Smart Living]</p> <p><a href="http://www.csmonitor.com/Business/2015/1224/Finally-US-paychecks-are-starting-to-grow">Finally, US paychecks are starting to grow</a> &mdash; The economy has been growing, and paychecks are expected to do the same in 2016. [The Monitor]</p> <h2>Other Essential Reading</h2> <p><a href="http://everythingfinanceblog.com/16357/everyone-need-follow-budget.html">Does Everyone Need to Follow a Budget?</a> &mdash; Not everyone needs to follow a budget, but it's important to track your expenses so you know where your money is going. [Everything Finance]</p> <p><a href="http://www.cleverdude.com/content/three-uses-for-an-unwanted-gift-card/">Three Uses For An Unwanted Gift Card</a> &mdash; If you have a gift card that you're never going to use, re-gift it to someone who might appreciate it. [Clever Dude]</p> <p><a href="http://www.stevenaitchison.co.uk/blog/5-potentially-deadly-pains-you-should-never-ignore/">5 Potentially Deadly Pains You Should Never Ignore</a> &mdash; Don't ignore any kind of tooth ache or pain. An infection or abscess in your teeth will quickly stream through the rest of your body. [Change Your Thoughts]</p> <p><a href="http://afewshortcuts.com/2015/12/7-educational-activities-you-can-do-with-snow/">7 Educational Activities You Can Do with Snow</a> &mdash; Got snow in your area? Take the kids out or bring some snow in for these fun and educational activities! [A Few Short Cuts]</p> <p><a href="http://parentingsquad.com/how-to-help-your-kids-fall-asleep-and-stay-asleep">How to Help Your Kids Fall Asleep and Stay Asleep</a> &mdash; Screen time before bed can stimulate your child's brain so much that she has trouble falling asleep. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-become-an-efficient-shopper-in-10-minutes">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-53-grocery-shopping-tricks-thatll-make-your-life-easier">Flashback Friday: 53 Grocery Shopping Tricks That&#039;ll Make Your Life Easier</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/cheat-sheet-retail-markup-on-common-items">Cheat Sheet: Retail Markup on Common Items</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-classic-impulse-buys-we-need-to-stop-falling-for">10 Classic Impulse Buys We Need to Stop Falling For</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/make-your-own-deal-tracker">Make Your Own Deal Tracker</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-the-wii-fit-a-cheap-workout">Is the Wii Fit a cheap workout?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping best money tips shopping tips Wed, 30 Dec 2015 20:00:03 +0000 Amy Lu 1629635 at http://www.wisebread.com Cheat Sheet: Retail Markup on Common Items http://www.wisebread.com/cheat-sheet-retail-markup-on-common-items <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/cheat-sheet-retail-markup-on-common-items" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3275702181_a11e8d65ae_z.jpg" alt="sale" title="sale" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>The holidays typically bring a rush of retail shopping. And during tough economic times, retail shopping brings endless commercials and high-decibel ads all proclaiming &ldquo;low prices&rdquo; and &ldquo;deep discounts.&rdquo; But how can we determine the value of a discount if we&rsquo;re unaware of the average retail markup? If those jeans are priced 200% above wholesale, does a 15% discount really seem that generous? (See also: <a href="http://www.wisebread.com/party-like-its-1999-the-psychology-of-pricing" title="Party Like It's 19.99: The Psychology of Pricing ">Party Like It's 19.99: The Psychology of Pricing</a>)</p> <p>Very few resources exist to research the average markup that retailers enjoy between their wholesale costs and retail prices. The whole topic seems shrouded in complex formulae and arcane insider knowledge. Even in the Information Age, online searches on the subject bring wild variances in statistics (when they exist) and huge gray areas of subjectivity (when they don&rsquo;t).</p> <p>With a few days worth of research, I&rsquo;ve narrowed down the range that most retailers employ when pricing their items. The list below outlines some of the more common consumer goods and the associated markup from wholesale to retail. One caveat: Consumers in America have a wide choice in retailers, and big box stores, outlets, malls, and boutiques all have their unique pricing structures based on overhead such as advertising, real estate prices, buying volume, staffing, etc. No single rule holds true for each, and broad ranges are the norm. However, from a consumer perspective, a broad range based upon research is better than no idea at all. A knowledgeable consumer is better equipped to understand the real value of a discount based upon a retailer&rsquo;s real cost and not the markup/markdown shell game that seems to entice us so often.</p> <h3>Clothing Markups: 100-350%</h3> <p>Jeans are the biggest culprit in the clothing category. The price of boutique denim jeans can reflect a markup of 350%. Jeans from mid-level retailers like Kohl&rsquo;s or JCPenney are slightly saner with an average markup of 115%.</p> <h3>Shoe Markups: 100-500%</h3> <p>Markup is as varied in the footwear industry as sizes and styles. Typical cross-trainers or athletic shoes carry a 100% mark-up, while higher-end fashion shoes at boutique stores can be marked up by as much as 500%.</p> <h3>Cell Phone Markups: 8-10%</h3> <p>The entire category of <a href="http://www.wisebread.com/frugal-advice-for-the-gadget-addicted" title="Frugal Advice for the Gadget Addicted">electronics</a> has some of the lowest markups around. Cell phones, for example, are only bumped up about 8% between wholesale and retail. The profit center for phones lies in the service contracts and usage fees. Manufacturers can operate with a lower retail markup because the real money is in the service.</p> <h3>Furniture Markups: 200-400%</h3> <p>No industry manipulates the meaningless MSRP (Manufacturer&rsquo;s Suggested Retail Price) quite like the furniture industry. Salespeople usually receive a 15-20% commission if they sell an item at the inflated MSRP. But there&rsquo;s another helpful abbreviation to know: MAP (Manufacturer&rsquo;s Advertised Price). This lower price is the minimum at which most retailers are allowed to sell the item. Salespeople resist consumers who ask for this price and only receive about 7% commission on MAP sales.</p> <h3>Grocery Markups: 5-25%</h3> <p>Grocers certainly operate on slimmer profit margins than most other retailers. According to the Retail Owners Institute, stores typically maintain a narrow margin of 5-8% on the staples and then broaden their margins on luxury or indulgence items (think high-end coffees, chocolate, wines, etc.).</p> <h3>Cosmetics Markups: 60-80%</h3> <p>According to the research firm Euromonitor, the average markup on premium cosmetics is 78%. Since most cosmetics are composed of various combinations of good ol&rsquo; dirt, oil, wax, and fragrance, this relatively small markup adds up to big profits.</p> <h3>Prescription Medicine Markups: 200-5,600%</h3> <p>According to an expose by the Detroit ABC affiliate WXYZ-TV, pharmaceutical companies enjoy a 200-5,600% markup on their drugs in the US. Canada and several European nations impose a ceiling on drug prices and actively negotiate with drug manufacturers to keep costs down. No such safeguards exist here; even generic drugs in the US can be marked up by as much as 1,200%. Sure, development costs are high for some of these life-saving medications, but the markup has no expiration date.</p> <h3>New Car Markups: 8-10%</h3> <p>Not factoring in extended warrantees, finance charges, and other add-ons, auto dealers markup car prices by about 10%. Dealers&rsquo; intricate pricing structures involve invoice prices, transportation charges, dealer holdbacks, and incentives &mdash; enough confusing consumer fodder to fill a dozen articles. Suffice to say, the more you know about the secret cabal of car dealerships and how they arrive at their sticker prices, the better chance you&rsquo;ll have of knowing where to begin your <a href="http://www.wisebread.com/the-7-laws-of-negotiation" title="The 7 Laws of Negotiation">negotiating</a>.</p> <h3>Eyeglasses Markups: 800-1,000%</h3> <p>It&rsquo;s amazing but true: Some opticians charge 1,000% over wholesale for the hottest designer frames. Malls and larger chain stores are the worst offenders, with many other peripheral costs factored into the price of those fancy frames.</p> <p>I'm not suggesting that retailers shouldn&rsquo;t be paid for the services they offer. Buying low and selling high is as American as apple pie and credit card debt. Retailers often have huge cost-structures to maintain &mdash; all supported by tweaking that markup and (hopefully) influencing consumer behavior by hitting the sweet spot between cost and perceived value. But since this whole system rides on the backs of you and me, isn&rsquo;t it worth unpacking, examining, and understanding exactly what we&rsquo;re paying for?</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <p>&nbsp;</p> <p style="text-align: center;"><a href="//www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2Fcheat-sheet-retail-markup-on-common-items&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2FCheat%20Sheet-%20Retail%20Markup%20on%20Common%20Items.jpg&amp;description=Learn%20How%20to%20Invest%20With%20These%205%20Stock%20Market%20Games" data-pin-do="buttonPin" data-pin-config="above" data-pin-color="red" data-pin-height="28"><img src="//assets.pinterest.com/images/pidgets/pinit_fg_en_rect_red_28.png" alt="" /></a> </p> <!-- Please call pinit.js only once per page --><!-- Please call pinit.js only once per page --><script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script></p> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/Cheat%20Sheet-%20Retail%20Markup%20on%20Common%20Items.jpg" alt="Cheat Sheet: Retail Markup on Common Items" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kentin-waits">Kentin Waits</a> of <a href="http://www.wisebread.com/cheat-sheet-retail-markup-on-common-items">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-9-everyday-products-with-the-biggest-markups">The 9 Everyday Products With the Biggest Markups</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-classic-impulse-buys-we-need-to-stop-falling-for">10 Classic Impulse Buys We Need to Stop Falling For</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-53-grocery-shopping-tricks-thatll-make-your-life-easier">Flashback Friday: 53 Grocery Shopping Tricks That&#039;ll Make Your Life Easier</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-stuff-i-try-never-to-buy-new">The stuff I try never to buy new</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/secrets-of-telemarketing-from-an-industry-insider">Secrets of Telemarketing From an Industry Insider</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Consumer Affairs Shopping car dealerships clothes shopping eyeglasses holiday shopping markups shopping tips Wed, 15 Dec 2010 15:00:07 +0000 Kentin Waits 388406 at http://www.wisebread.com Make Your Own Deal Tracker http://www.wisebread.com/make-your-own-deal-tracker <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/make-your-own-deal-tracker" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/yahoo-pipes.png" alt="working in Yahoo! Pipes photo" title="working in Yahoo! Pipes" class="imagecache imagecache-250w" width="250" height="193" /></a> </div> </div> </div> <p>If you are not already familiar with them, websites like <a href="http://www.woot.com/">Woot!</a> and <a href="http://www.steepandcheap.com/">Steep and Cheap</a> offer a single item at a time, often at huge discount, but only until their limited stocks run out. If you need a new piece of travel gear or gadget, these sites can be a great way to find it for cheap. However, they also encourage frequent refreshing, procrastination, and impulse buying.</p> <p>What if there was a way to filter the results so that you were only notified of items you were most interested in?</p> <p>Well, I am going to show you an easy way to do just that.</p> <p><strong>Introduction: RSS and Yahoo! Pipes</strong></p> <p><a href="http://blogs.chicagotribune.com/news_columnists_ezorn/2006/02/23_real_simple_.html">Real Simple Syndication</a>, commonly known as <a href="http://en.wikipedia.org/wiki/Rss">RSS</a>, is just an easy way for readers to stay up-to-date with new content on their favorite websites. Using RSS is commonly refered to as &quot;subscribing&quot; because new content is delivered to the reader&#39;s browser or email, eliminating the need for them to visit the site themselves. The major difference between an RSS subscription and most magazine subscriptions is that the former is totally free to use.</p> <p><a href="http://pipes.yahoo.com/pipes/">Yahoo! Pipes</a> is a fun, straight forward, way to manipulate the information carried by the RSS subscription. I say it is fun because really it is a lot like playing with blocks. Here are five simple steps to creating a custom deal finder with Yahoo! Pipes.</p> <p> <img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u767/yahoo-pipes-one.png" alt="step one image" title="blank yahoo! pipes workspace" width="500" height="271" /> </p> <p><strong>Step One: Grab your sources</strong> </p> <p>The first thing we need to do is insert the RSS links into Yahoo! Pipes. The links themselves can be found on each deal site, marked by either a text link labeled &quot;RSS&quot; or a square, orange, icon. Copy the link from you favorite deal site and head over to Yahoo! Pipes.</p> <p>To create a deal tracking machine, we are going to link several modules together with &quot;pipes.&quot; The first module we want is under &quot;Sources&quot; in the left column and called &quot;Fetch Feed.&quot; Drag the module from the left column into the working area to add it to our machine.</p> <p>In the dialog box on the Fetch Feed module, add the RSS link from your favorite deal site. I did this twice, once for Woot! and once for Steep and Cheap.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u767/yahoo-pipes-two.png" alt="step two photo" title="yahoo! pipes step two" width="500" height="271" /> </p> <p><strong>Step Two: Sort the results</strong></p> <p>The next thing we want to do, is sort the results from the two sites, so that the newest deals will always be at the top of the list. This is easy with the use of the &quot;Sort&quot; module, found under &quot;Operators&quot; on the left side.</p> <p>Connect this module to the first one by clicking the little circle at the bottom of the Fetch Feed module and dragging it to the top ofSort. You should see a &quot;pipe&quot; appear between the two. It&#39;s kind of like connecting the dots.</p> <p>Under the &quot;Sort by&quot; drop-down menu on the Sort module, select, &quot;item.pubDate&quot; and then set it to &quot;descending.&quot; Once that is finished, click the plus sign on the module to create another sort option.</p> <p>Set the second sort option to &quot;item.y:published&quot; and, again, descending.</p> <p>I did this twice, once for each of my RSS links.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u767/yahoo-pipes-three.png" alt="step three photo" title="yahoo pipes step three" width="500" height="271" /> </p> <p><strong>Step Three: Combine the feeds</strong></p> <p><em>Note: If you have only a single Fetch Feed module than you can skip this step.</em></p> <p>If you have been working with the RSS links from two sites like I have, we can now combine them into one. We do this using the &quot;Union&quot; module located under Operators in the left column. After dragging it into the work area, you will see that the module has several input circles but only a single output.</p> <p>Click and drag between the output circle of the Sort module to one of the input circles on the Union module. Do this for each differentSort module you have created.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u767/yahoo-pipes-four.png" alt="step four photo" title="yahoo! pipes step four" width="500" height="271" /> </p> <p><strong>Step Four: Filter the results</strong></p> <p>The goal of this process is to filter the many deals that will appear for things you do not need, from those that you do. We can do this using the &quot;Filter&quot; module, located under Operators in the left column.</p> <p>Once you have dragged the Filter module over from the left column, you will see that you have the option of either blocking or permitting certain items. The easiest thing to do is to permit only the items you are interested in.</p> <p>As an example, lets say I am interested in buying a new winter jacket. I would set the Filter to &quot;permit items that contain all of the following.&quot; For the rule, I would select &quot;item.description&quot; from the first dialog box, leave &quot;Contains&quot; selected in the second, and type &quot;jackets&quot; into theword box at the end. That&#39;s it.</p> <p>We are almost done, but I like to do one more thing to limit the results I recieve. Drag the &quot;Truncate&quot; module from the Operators section in the left column and connect it below the Filter module. Set this to however many results you want to see. Something like two, five, ten, so on.</p> <p>Now is also the time to connect a pipe between the bottom of the Truncate module to the &quot;Pipe Output&quot; module.</p> <p><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u767/yahoo-pipes-five.png" alt="step five photo" title="yahoo! pipes step five" width="500" height="271" /> </p> <p><strong>Step Five: Grab your feed</strong></p> <p>Once you have connected to the Pipe Output module, click save and name your new feed.</p> <p>Once created, there are many ways you can view the results of your new deal-tracker feed. If you click &quot;Run Pipe,&quot; you will notice that you can view the results on that page, add them to a Yahoo! or Google homepage, get them sent to your phone or email, or view them through any other RSS reader. How you view the results is up to you.</p> <p>Once you find that great deal on a winter jacket, simply go back in, edit you Filter to permit a different item, and save the Pipe again.</p> <p>Deal-a-day sites can be a great way to find discounts on items you do not urgently need. To beat their impulse buying trap, try using the free and powerful Yahoo! Pipes tool to create your own deal tracker.</p> <p><em>What is your experience with Yahoo! Pipes? What are your favorite deal-a-day websites? Let us know in the comments.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/david-defranza">David DeFranza</a> of <a href="http://www.wisebread.com/make-your-own-deal-tracker">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-classic-impulse-buys-we-need-to-stop-falling-for">10 Classic Impulse Buys We Need to Stop Falling For</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/shopping-at-the-ing-direct-store-its-not-a-joke">An ING Direct Online Retail Store? It&#039;s not a joke.</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/buying-and-trading-on-etsy">Buying (and Trading) on Etsy</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/flashback-friday-53-grocery-shopping-tricks-thatll-make-your-life-easier">Flashback Friday: 53 Grocery Shopping Tricks That&#039;ll Make Your Life Easier</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-best-deep-conditioners">The 5 Best Deep Conditioners</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping shopping shopping online shopping tips yahoo Wed, 01 Oct 2008 13:08:51 +0000 David DeFranza 2478 at http://www.wisebread.com