When purchasing a new phone, we all search for a decent value while evaluating its specifications and features to see if it meets our needs. In our first edition of #It’s Time series, we have come up with some tips for our readers that will help them analyse when the best times are to buy phones throughout the year, save a little money, and lead the budget life we all wish for.
Purchasing a new phone involves more than just going to the store. You must schedule your purchase properly if you want to obtain a decent deal on a new phone and save most of your money or just be under your budget. Being one of the first to purchase something on the day a phone goes on sale may make you feel good, but it’s typically a bad idea. You need to be savvy and persistent in order to maximise savings when purchasing a new handset.
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While some advice may seem obvious, others may surprise you. Here’s the list:
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1. Do not buy them right away after they go on sale
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It is not recommended to purchase a phone immediately after it is placed on sale if you want to save money. Purchasing it during the pre-order period is a far better choice. Even though you won’t be the very first to own the item, you will save some money or at the very least receive more for your money.
Check all the major stores before placing your order because some retailers may try to undercut the competition to get more pre-sales.
The other offer, which is more typical, entitles you to a variety of free gifts and occasionally even gift certificates along with your purchase. However, keep in mind that these offers are typically only available for the most well-known and expensive smartphones.
2. Approximately one month before the release of the new model
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Only those who are content to receive a phone that will soon be out of production should use this advice. The optimum time to get a new phone is around a month before the most recent model is released because that is typically the time when merchants start to give discounts to get rid of their stock. Right after the new phone reaches the market, discounts are frequently offered, sometimes even higher ones. However, if you wait too long, retailers can run out of stock.
3. Do keep tabs on Black Friday, anniversary sales, and national festivals
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Yes, we said that you shouldn’t buy phones right away after they go on sale, but do keep tabs on Black Friday, anniversary sales, and national festivals
On Black Friday: Every year, on the fourth Thursday of November, Black Friday offers significant discounts on a wide range of products, including phones. You may shop from the comfort of your home and skip the lines and disturbances at your neighbourhood electronics store thanks to the abundance of discounts available online.
Do your homework as soon as possible because many businesses begin to offer offers a week or so before Black Friday officially begins.
On anniversary sales: In order to commemorate the birth anniversaries of the online sites, some platforms give their members substantial discounts on phones and other goods you can think of.
On national festivals, starting with the first of the year, the 26th of January, also known as “Republic Day,” is the ideal day to purchase a smartphone in January. During Republic Week, all products are on sale online.
Unfortunately, there aren’t any profitable phone bargains for February. However, there might be a stock clearance discount.
March is also empty. Not even any kind of stock clearance will be available. April is likewise barren; neither of these months will have any good sales. As May approaches, there will be numerous summer sales. In May, you can start saving for a phone for the summer.
There are no events in June or July, hence there are no phone purchases. In August, there is always a Rakshabandhan and Independence Week sale online, and you can purchase a phone during that time.
September is again not the best month to go shopping since Diwali will be approaching. One can shop in October and November, as both are whole shopping months. Throughout the months, there are massive Diwali sales, so more discounts and overall cost savings are guaranteed.
In December, because of Christmas, good offers come. In the month of December, websites demonstrate that they are Santa.
4. An Obvious Yet Smart Move
Apart from the right times, a smart purchase requires good research! Remember that you’ll need to comparison shop in order to acquire the best offers. To find out which online retailers are offering the biggest savings, browse as many as you can.
Using a price comparison tool to find the best deal
It’s also important to remember that not all online platforms may always offer the best discounts. Because of this, using a price comparison tool is imperative. When I conduct an internet search for the smartphone model I own, I find a ton of great offers from dependable sellers for my handset. For instance, Flipkart sold my phone for approximately Rs 20,000, which can be had for Rs 19,500 on Amazon or vice versa with some coupons, etc.
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How to tell whether a deal is good or bad?
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When purchasing phones on online platforms like Amazon, Flipkart, Myntra, etc., discounts like 10 %, 20 % , or even 50 % look like excellent deals, and frequently, they are. but not always!
To give the impression that you are receiving a good deal, the online platform will occasionally raise the price for a day or two before dropping it again by several hundred rupees. In other cases, the list price is simply excessively high for what seems to be the sole purpose of making the lowered price appear to be a great deal. Remember that this is a standard approach in the retail industry and is not exclusive to one particular platform.
There can be more methods for getting the best deal when buying a phone. If you have any recommendations for potential buyers, tell us in the comments below.