Rules of the road for saving money on deal sites like Groupon

CLEVELAND – Are you making more impulse buys now that deals arrive at your fingertips every morning? As more and more Groupon-like sites pop up, it’s easy to be enticed to buy something you normally would not buy, whether it’s on Groupon or one of the copy-cat sites. Here are some things you need to know before you buy:

1. The deals sell out 
With Groupon, an unadvertised number of people need to buy the deal for the deal to be offered. You probably know that by now, but did you know only a limited number of deals are sold? This has nothing to do with the ticking clock. I’ve seen two recent deals end by two in the afternoon. I missed out because I didn’t act fast enough. The quantities vary. One sold out at about 500 offers and the other at more than 2,000. Both sold out by about 2 p.m. so make sure you act fast if there’s an offer you really want.

 

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