Maximize Profits with Cash Back Tools

Maximize Profits with Cashback Tools: A Comprehensive Guide

As arbitrage sellers, we understand the importance of every dollar spent. Whether it’s in a physical store or through online purchases, our expenses directly impact our profit margins. While the primary focus of our efforts lies in generating sales on platforms like Amazon, there are ingenious methods to squeeze out more value from every purchase we make.

The Thrill of High ROI

There’s an undeniable thrill when we strike gold – finding products that promise quick sales and a return on investment (ROI) of 40%, 50%, or even 100%. While these finds are exhilarating, they are often just the beginning of our journey towards maximizing profits. Beyond discovering these high-ROI gems, we can further boost our bottom line by employing additional strategies for our purchases.

Harnessing the Power of Cashback

Today, I want to introduce you to a strategy that can significantly contribute to your profitability: cashback. It’s a simple concept that can lead to substantial savings. Several competing companies offer cashback rewards when you purchase items you would buy anyway. These rewards can range from 1% to an astonishing 20% or more.

Let’s dive into some numbers to illustrate the potential. Just a few weeks ago, I placed an order on a popular website where I frequently source products. The total cost of my order was approximately $450. However, before finalizing the purchase, I checked a cashback tool, and to my surprise, it offered a whopping 20% cashback on every order. This meant I would receive $90 back in my pocket, just for clicking a button before completing the purchase.

All the products I was buying were already promising a minimum ROI of 40% once they were sold on Amazon. But this additional $90 cashback on a single order was a game-changer! While it’s true that not every purchase will yield such a substantial cashback, even smaller amounts can accumulate significantly when making multiple orders per week. In a business where every penny counts, maximizing such opportunities is imperative.

The Role of Chrome Extensions

To make the most of cashback offers, it’s essential to be aware of the right tools and platforms. Many of the best cashback services are provided as Chrome Extensions. These extensions, once activated, notify you when you visit an online store that offers cashback. For instance, Rakuten, one of the most popular tools, pops up a small window in the upper-right corner of your browser when you visit a retail site like Walmart, alerting you to possible cashback and providing a button to activate it.

Here’s how these services work: when you click on the activation button, they redirect you back to the shopping site (e.g., Walmart) using their referral link. This allows them to earn a commission from your purchase through their link, and they generously share some of that commission with you in the form of cashback. It’s a win-win situation for both parties involved.

Exploring Cashback Options

Different cashback services offer varying levels of rewards depending on the site and current promotions. To maximize your cashback potential, consider having multiple extensions installed, allowing you to compare and choose the best offer for each purchase.

Below, I’ve listed several cashback services that I personally use and recommend:

Rakuten– Sign up and get a $30 bonus- Click HERE

Capital One Shopping-Spend $10 within 30 days using their services and receive a $20 bonus- Click HERE

Fat Coupon– Register an account and install the FatCoupon Extension to receive a $5 bonus- Click HERE

Top Cashback– Sign up and check for any available signup bonuses (varies) Mine was $5- Click HERE

BeFrugal– Receive a $10 sign-on bonus after earning $10 in cashback- Click HERE

Active Junky– Get a $5 bonus after your first purchase- Click HERE

Hoopla Doopla– (No bonus at the moment)- Click HERE

Sunshine Rewards– Receive a $5 signup bonus- Click HERE

55haitao– Get a $5 signup bonus- Click HERE

Inbox Dollars– Enjoy a $5 signup bonus- Click HERE

This list is by no means exhaustive, but these are the services I find most beneficial. When you sign up using the provided links, you can take advantage of bonuses that can range from $5 to $30, depending on the platform.

Managing Chrome Extensions

Once you’ve installed these cashback extensions, you might find it a bit overwhelming when every webpage tries to get your attention to use their service over the others. To streamline this experience, consider adding another Chrome extension called “Extensity.” With Extensity, you can easily enable or disable specific browser extensions with just a click.

This feature is particularly helpful when you’re not actively shopping. You can deactivate the extensions to avoid distractions. Then, when you’re ready to make a purchase, reactivate them and compare which one offers the best deal.

The Potential of Cashback Extensions

I strongly encourage you to explore the world of cashback extensions. There may be a significant amount of money left on the table when you engage in your regular shopping without these tools. Remember, in the world of arbitrage selling, where every cent counts, utilizing every opportunity is crucial for sustained growth.

Incorporating cashback tools into your purchasing strategy is just one of the many ways you can optimize your arbitrage business. As you continue on your journey, I wish you the best of luck, and I look forward to seeing your business flourish.

If you want to learn about other ways to grow your Amazon business, click HERE!