Rebates are a sum of cash given back in some form of payment. They are generally used by manufacturers or even retailers that want to move product. Below, we will be going over some of the benefits of getting products with promotion codes attached to them, why they are offered, and how to ensure that you get your rebate payment.
Benefits Of Rebates:
1. Build Up Wealth
As a consumer, you are going to be able to set money aside for later use if you get products with coupons by Groupon or RetailMeNot added to them. Being able to get products that have rebates attached to them is one of the best ways to save money on products that otherwise would not be as heavily discounted. Because rebates can provide you with plenty of capital saving potential that you might not be able to get otherwise, it is a great way to really experience significant savings on anything whether you are looking at a computer monitor, TV, or anything else. There are even manufacturer gift codes on grocery items and more. If you are looking to economize money, it is a great way to go about it.
While you might assume that rebates are difficult and untrustworthy, a majority of savings are very easy. While they might be tedious, they generally have very simple rules that you must follow if you want to get your payback. As long as you are willing to go through the steps to submit the rebate, you should have no trouble getting it.
3. Stack-On Savings
Other good things that come from rebates is the ability to stack on savings. Because you are going to be getting the discount in the form of a rebate, you might be able to stack on other kinds of initial savings such as purchasing items during a sale, using a coupon, or even submitting for price protection. This is going to allow you to economize even more money on the products that you are planning on purchasing which can result in big savings depending on what you are getting.
Now that we have gone over some of the benefits of buying products with rebates, we will be discussing some of the reasons that this coupon code is offered.
Reasons They Are Offered:
1. Move Product
One of the main reasons these kinds of discounts are offered is because retailers and/or manufacturers want to move their products as quickly and as much as possible. Sitting on inventory can be more costly than taking a loss on a product or giving away a product with a rebate. Because of this, it is a good way to move product without having to discount the product itself. Doing so might make the product lose value in the eyes of a customer. However, with a rebate attached, it doesn’t cause the brand or product to lose perceived value.
2. Reduce Risk
Another good thing that it can do for a manufacturer is to help mitigate some of the losses that come with moving the product at a low price. Because rebates require attention to detail and patience, some customers are never going to submit them. This is exactly what manufacturers and retail stores want customers to do. They know that a lot of people will simply either forget or never submit for the rebate but the discount itself will prompt them to make a much quicker purchasing decision. In some cases, having a cash back offer might sway a buyer and they might never get around to submitting it. They also count on mistakes being made during the rebate submission process since it requires strict detail in its submission.