Resell Your Coupons?

Are you one of those people who bought a big entertainment book that sat in your glove compartment until the end of the year when you realized you used only three coupons?  Or worse yet, did you recently spend money on a Groupon that you swore you would use only to let the money dwindle down the drain?  Once you buy a super deal voucher whether it is from Groupon or another coupon site, what do you do with it if you simply aren’t going to use it?    I guess you could put it on eBay, Craigslist, or just write it off as a loss.   However, a whole number of coupon / deal reseller sites have cropped up today to allow you to sell your deal to another willing buyer.

Deals Go Round (www.dealsgoround.com), is labeled as a site where daily deals get a 2nd chance.   This site allows you to set up a deal wallet to allow you to organize the litany of deals that you get from different sites as well as offer you the ability to both buy and sell deals.  The site will typically take a 10% commission through PayPal for helping you make the transaction, which seems to me like a small price to pay versus losing 100% of a deal you won’t use.  They also offer a sixty day refund policy as well.

Coup Recoup (www.couprecoup.com), is labeled as site which is your marketplace for local deals.    For example, there was a recoup deal where a seller was offering the following:  74% off LAS VEGAS Vacation (Palms Hotel): 1-Night Weekend Stay for Two in Suite + Spa & Club Pass + $50 Credit to Simon Restaurant/Lounge.  This deal was originally $377, but the reseller deal was $99.    Rather than going to some of the major reselling websites, you might be able to find another person in the country who bought one of those deals, but is now not going to use it.  This could give you the opportunity to get a double fire sale deal.  Currently, this site is free to use.

Lifesta (www.lifesta.com), is labeled as simply buy and sell deals.  Lifesta charges 99 cents and 8% of the transaction to the seller, but has an amazing in writing guarantee. We want you to be satisfied with your purchase on Lifesta.com. If you buy a deal on our site and within 60 days find out it was invalid or has already been used, we will refund your money. This site seems to be organized with maps, testimonials, and Facebook followers to put you at ease about making the transaction.

With all of the deals and coupons flying through our e-mails every day, you are bound to purchase a few that catch your attention.   If you aren’t able to use what you bought, make a smart money move and see if you can get some of your cash back by selling to someone who truly wants the deal now!

It’s important with the ups and downs in the markets to review your investment portfolio and make sure you have a balanced approach of having a core and opportunity portfolio.  We generally tell clients today we act like an investment personality of part Warren Buffett and part Jimmy Buffett.   Some part of your portfolio has to be a long-term managed asset allocation of buy and hold and part of it is seizing on the opportunity of where it just turned 5 o’clock.    Go to www.oxygenfinancial.net to request your FREE consultation and investment portfolio today!

Written by:

Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®

Co-CEO and Founder oXYGen Financial, Inc

Phone 1.800.355.9318  or  770.777.0427

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TED JENKIN IS SECURITIES LICENSED THROUGH INVESTACORP, INC. A REGISTERED BROKER/DEALER MEMBER FINRA, SIPC.  ADVISORY SERVICES OFFERED THROUGH INVESTACORP ADVISORY SERVICES, INC. A SEC REGISTERED INVESTMENT ADVISORY FIRM. Linked sites are strictly provided as a courtesy. Investacorp, Inc., and its affiliates, do not guarantee, approve nor endorse the information or products available at these sites nor do links indicate any association with or endorsement of the linked sites by Investacorp, Inc. and its affiliates.

About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin has spent the past 23 years giving personal financial advice to thousands of people across the United States. After graduating from Boston College in 1991, Ted spent more than 16 years working for American Express Financial Advisors/Ameriprise Financial. He was one of the youngest people in the history of the company to reach both Field Vice President and Group Vice President level. He managed more than 800 financial advisors throughout 8 states in his last position with the company. In 2008, Ted founded oXYGen Financial to help revolutionize the financial services industry by creating a new company that focused on serving the X and Y Generation. oXYGen Financial now has more than 2,200 clients throughout 25 states across the country many coming from social media techniques. Ted has been featured in over 30 magazines and newspapers including the Wall Street Journal, Business Week, and The Huffington Post. He was on the cover of Registered Rep magazine and featured in the ‘what will financial planning look like in 2023’ article done by Financial Planning Magazine. He has six advanced designations from the College for Financial Planning (CFP®, CRPC®, CRPS®, AWMA®, AAMS®, CMFC®) and is an on air radio personality.

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