Tips for Unloading Unwanted Daily Deals

Daily deals are a way for companies to compete with one another by offering their products and services at a great discount. However, sometimes these deals are unusable. If you purchased a daily deal that you don’t have time to use and you don’t want it to go to waste, you can unload it unto someone else for a profit and make a pretty penny by doing so.

Selling Daily Deals

According to one study done at Rice University, every two out of ten daily deals go unredeemed once the promotion period is up. On top this, it is estimated that about 30% of annual deals that were sold last year end up unused. As over $5 billion of annual deals were sold last year, this is a huge amount.

Unloading Daily Deals

There are many sites such as DealsGoRound and MyCabbage, which are great marketplaces that allow you to unload your unwanted daily deals by selling them to other people who have a use for them. Many sites even offer a mobile app that will allow you to share, organize and redeem all of your daily deals. This makes it much easier to sell all of the deals that you do not want. There are other sites such as CoupFlip that actually purchase unwanted deals from you that you obtained from sites such as Living Social and Groupon in order to resell them.

Using a Website to Unload Daily Deals

Using a website in order to sell your daily deals allows you to immediately unload them instead of listing your deals and hoping for the best. You are able to go on and take less than a minute to upload and sell all of the daily deals that you want to get rid of. These sites use varying algorithms to determine the purchase price of the daily deals they buy from you. This is usually based on the amount sold, the expiration date of the deal, and the review of the company that initially gave away the deal. These websites will usually give you a fair price. This is especially true if your daily deal has a while until its expiration date and it is a pretty popular deal to start off with. You may even get up to 70% on your deal.

Shop For Deals As Well

Of course these types of websites don’t make any profit unless they are able to resell the daily deals that are sold to them. Due to this, they often offer great prices on deals for entertainment, spas, clothing, and even vacations. It is also a good place to look for any last-minute discounts on restaurants. Most daily deals that are sold on these sites will be 10% less than what they sold for at the original location, and so you could potentially save a huge amount of money by browsing around for deals on these sites.

Unloading Unwanted Gift Cards

If you were given a gift card that you have no use for then you may want to consider turning that plastic into some cold hard cash. There are many sites on the Internet that will buy cards from you and resell them. You could potentially gain up to 60% of the cards value simply by selling it on one of these sites, which is a much better deal then letting the card go to waste in your wallet. There are many websites out there that will buy your unwanted gift cards such as CardCash, Plastic Jungle and Gift Card Granny. All of these sites make it extremely easy to unload your unwanted gift cards.

Finances - 2 Dec, 2013 - No Comments