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| 10-06-2012, 01:13 PM | |
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__________________
Wiki link re: rewards, SERs, and coupons: http://slickdeals.net/forums/show...it38336401 |
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umad?!?! |
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I'm not too familiar with Staples So let's say I end up with $100 Staples rewards credit for doing this. How long would it take to get enough FAR items to get that $100 back? |
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Got it.
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That assumes just 1 person, not a family, several people splitting the total, or a business. It is, after all, an office supply store. There's also the profit motive. For example - Buy $100 worth of batteries, sell for $50. Submit for $25 rebate. Get $100 rewards. Use rewards to buy $100 worth of FAR items, sell those for $50. Get the cash you invested back in cash rebates. Profit = $125, assuming you sold everything half price to get a quick and easy sale. Less if you used eBay to do your selling. Quite a few folks donate the rewards freebies. So in this case, the local school or church or whatever they happen to care about gets $100 worth of free batteries, and they get $25 for the time and effort to arrange it all. Oh, and a $100 tax deduction, if they happen to itemize, so that's possibly another $10-20 or so in their pocket come April. Me, personally, I'll first try to sell them, and if that doesn't pan out, Christmas isn't far off, and if there aren't enough stockings needing to be stuffed, I'll donate them. The trash is one place they definitely will NOT end up. (I mostly use rechargeables myself.) If you really can not imagine what use someone might have for $100 worth of batteries, why not just ASK them? Attacking someone because you lack imagination is just wrong.
An occasional shopper will buy $100 worth of stuff, and then get another $100 worth of stuff using rewards / Khol's cash, making each half price. (Which isn't bad!) It's only "half price" because they wouldn't have gone to the store otherwise. So they end up with $200 worth of stuff for $100. For regular shoppers, it really is free, because they'd have spent $100 in the store whether or not there was a rewards deal. Because they'd have spent $100 ANYWAY, for them, $100 + free item after rewards really is "free" compared to $100 without anything extra. So they end up with $100 worth of stuff for free (because they'd have bought the other $100 worth of stuff anyway.) SlickDealer's take it up a notch They "loan" the store $100 when they buy the Free After Rewards item(s). They then use the rewards to buy $100 worth of Free After Rebate (paid in cash) item(s), which repays the "loan". So they end up with $200 worth of stuff for free (because they got their money back) Occasionally it is possible to "roll" rewards. (this is a huge part of the Walgreens/CVS dance). Staples rules limit the opportunities to do this, but instead of "cashing out" with the Free After Rebate items, you can sometimes use your rewards to buy things that will also pay out in rewards, so the $100 "loan" could net you several free items before needing to be cashed out / repaid. I am not personally at that level of StaplesZen Mastery, but if I remember previous discussions, this is possible with items that specific a specific dollar amount in rewards back, rather than a percentage back. As for the $200 worth of free stuff in the above example, if it's stuff you need, it's in fact BETTER than free, since it's the equivalent of tax free income spent on a tax holiday. If it's not, some folks donate/gift it, some sell it. Somehow there's always someone that benefits from it. Assuming each rebate takes 3 minutes to enter, and you have 5 rebates for a total of $100, That's roughly the equivalent of earning $400 an hour, tax free, for your time. Even if you throw in 2 hours to do the shopping, for a total time spent of 2.25 hours, and deduct $10 for gas and wear and tear on your vehicle, that's still $40 an hour, tax free. (and for the retired, disabled, or poor, it's also income that won't affect benefit eligibility) No telling where you work, but it's pretty likely that you don't make $40+/hr for a full 40 hour week. Obviously some folks do, and for them, this probably isn't worth the time. But if you're not one of them...do the math.
So the idea is buy the 2 now, wait for the next promo, get more, repeat until you have enough receipts, then submit for the rebate. |
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