How to Find Bargain Holiday Deals

Business and economics correspondent Rebecca Jarvis reports on how to find the best bargain-basement holiday deals.

How to Find Bargain Holiday Deals Harry Smith: On this morning’s MoneyWatch get ready to shop, sales are starting earlier than ever this holiday season and here to help find the best deals on your favorite items CBS News Business and the Economics Correspondent Rebecca Jarvis, good morning. Rebecca Jarvis: Good morning, Harry. Harry Smith: How big are the discounts going to be this year? Rebecca Jarvis: So the experts say you can expect as much as 50% off this holiday season and they say if you see 50% off right now, you should snatch it up because that they say is probably about the best you’re going to get. Harry Smith: Really? Rebecca Jarvis: Yeah. Harry Smith: So as you see that now you should act. Rebecca Jarvis: That’s what the experts say. Harry Smith: All right, if you know exactly what you want what is the place to go online to find the best deal? Rebecca Jarvis Dealio.com tracks 30 million different items at a 100,000 different retailers. So if you go to Dealio.com you know exactly what you want, you type it in when you get to the website it will come back with all the retailers, thumbs up and thumbs down in terms of customer experiences there also coupon codes for getting it at the lowest price, Dealio.com. Harry Smith: All right, next question. If you know what you want but you’re willing to wait for a while what’s the best site to go? Rebecca Jarvis: Those who are willing to wait it out for the very best market, DealNews.com is a website where you can go and sign up for the thing you want. Let’s say it’s a TV set, you sign up for it on the website, you give them your email address and they will send you emails every time televisions go on sale in the categories you’ve specified. So you can kind of sit back and relax and let the website do the work for you. Harry Smith: All right next one is, this one-day sales, which we see advertise all the time are they really worthwhile? Rebecca Jarvis: In many cases, they are worthwhile, however they’re also – you have to keep in mind they’re for the retailers. The retailers want to get you excited, they want to create a shopping frenzy, they want to create this idea that there’s limited time. Harry Smith: It’s all about the traffic. Rebecca Jarvis: Yeah, it’s all about the traffic, now one way that you can track all of them is suppose to having just think about each of them individually is DODTracker.com, that’s Deal of the day, dailydealstracker.com. DODTracker.com you can figure out exactly who’s offering how long and what the discount is. Harry Smith: And especially in a situation like that, if you’re going in to get that one specific item just get that because that’s not what they put. The stores put them on sale as you get you to go in shopper everything else. Rebecca Jarvis: Yeah we would love you to go and buy everything else. Harry Smith: Last but not least, if you’re in the store and you’re not sure if that’s the best price available, what’s the thing to do? Rebecca Jarvis: There are some great new deal applications out there for both iPhones as well as Android phones. So for an iPhone it’s called RedLaser, go download the RedLaser App it’s free and the Google Shopper App is also free and all you do is you go on the store with these Apps on your phone, you scan the item and it will tell you where is the cheapest. Harry Smith: All you have to do is take a picture of the barcode and all of the sudden it tells you everything you need to know. Rebecca Jarvis: It’s great, right. Harry Smith: Yeah, I think you just save people, a lot of money, you should feel very good about yourself today. Rebecca Jarvis: Thanks Harry. Harry Smith: All right Rebecca Jarvis, thanks.