Move over, Best Buy! Amazon is angling to capture your crown as the top seller of consumer electronics.
Read more: Why I’m putting my kids through iPad rehab
Walmart’s down, now one more to go for Amazon
Quartz reports the consumer electronics market grew by $5.6 billion last year thanks in large part to the dominance of Amazon. A Deutsche Bank analyst sent a note on Tuesday (June 21) observing that the Seattle e-tailer was responsible for a full 90% of consumer electronics sales growth in 2015.
Earlier this year, Amazon leapfrogged Walmart — the nation’s largest retailer — to become the No. 2 seller of electronics. That’s according to TWICE Magazine’s annual Top 100 Consumer Electronics Retailers report.
Best Buy now remains the only impediment to pole position for Amazon, and the former is losing market share fast. Same-store sales numbers are anemic for Best Buy, and online sales only account for about 10% of the company’s U.S. revenue.
So it probably won’t be too much longer before the company that Jeff Bezos founded overtakes Best Buy too!
Here are 5 ways to maximize your savings on Amazon
Share your prime membership with others
Ever though about sharing a Prime membership with someone else and splitting the cost? Amazon allows you to add individuals onto your Prime account, but membership can only be shared between two adults in a household. Here’s what Amazon says can be shared:
- Fast & FREE Prime Shipping benefits
- Access to Prime Video (streaming only)
- Early access to Amazon Lightning Deals
- Prime Photos online storage
- Kindle Owners’ Lending Library
- 20% off diaper and 15% off Baby Registry discounts
- Fresh shipping benefits (for Prime Fresh members only)
Moms and students can get a discount on Prime
Got a valid .edu email address? You can sign up for a free six-month trial of Amazon Student. After the trial ends, you’ll get 50% off membership for four years or until you’re no longer a student. For every student friend you refer, you’ll get $5 too!
For moms, there’s Amazon Mom. Start your free 30-day trial and then if you like it pay the annual $99 fee. Amazon Mom perks include saving 20% on diaper-delivery subscriptions and other family items.
Get great deals on open-box and pre-owned products
Amazon has a section on its site called Warehouse Deals, where you can shop for open box and returned items and items that were damaged in transit. Because the items aren’t in “perfect” condition for retail sale, they’re offered here at discounted prices.
Save 15% on everyday items when you schedule regular delivery
Amazon’s Subscribe and Save program offers automatic scheduled delivery and extra savings on your most frequent purchases through the online retail giant. You’ll save up to 15% on your entire order with free shipping!
Get deeply discounted items as a reviewer
SnagShout.com lets you receive deeply discounted products from Amazon in exchange for writing reviews. Manufacturers launching new products need those reviews, so they’re willing to sell to early customers at a loss. Once you ‘snag’ a deal, you will not be able to snag another deal until after a review has been left on Amazon. And note this well: The reviews don’t have to be positive. If you don’t like the product, let people know!
Read more: Trade in your old electronics for cash