Tangible Savings: Everything You Wanted to Know about Cashback

What if you could buy all the items you want and need—clothing, beauty products, home fashions—and actually earn money doing it? Sounds crazy, right? Maybe even too good to be true? No company would actually give you money just to shop with them, right?

Wrong!

Believe it or not, there are companies—most typically online shopping communities—that offer cashback on the purchases you make. You can buy the same items you would have to buy anyway while earning a little extra spending cash on the side. How can you go wrong with an arrangement like that?

Why Is Someone Giving Me Money to Shop?
Companies offering cashback are rewarding you for shopping and for your loyalty—think of it as a coupon without the paper, or a rewards program without having to carry a loyalty card around in your wallet. It’s a way of saying thank you for shopping with them, and encouraging you to come back for more. They are also rewarding you for encouraging your friends to shop with them as well. The more you shop with them, the easier it is for them to offer things like cashback. It’s a virtuous cycle.

Who Is Offering Cashback on Purchases?
Though some brands might offer rebates directly, your best bet is to join an online shopping community that gives you access to a whole host of brands, online stores, and shopping websites. Sites like Lemoney bring the best of the best to you—cashback offers on the best assortment of products and brands.

How Does It Work?
When you shop, you earn cashback. You might be offered other special promotions, deals, and discounts as well.  This works in two ways. The first is how much you purchase yourself; the second is how many others make purchases based on your recommendation. For example, when you refer friends to Lemoney and they join your online community, you not only receive cashback and discounts, but you also receive an actual commission from purchases made by members of your network. That’s right—you get cash on your friends’ purchases! They do the buying, and you do the earning. The more friends you bring to the Lemoney community (and once they hear about the way they can save and earn, it won’t be tough to convince them to join), the more earning potential you will have.

Sites like Lemoney are a fun way to save, earn and socialize, all while buying items you would have needed to purchase anyway. You can use up gas driving to the mall only to fight for a parking spot, wear out your legs wandering around and trying to chase down a salesperson for help, and still come home empty handed if they don’t even have what you are looking for—or you can join a site like Lemoney and earn cashback on your purchases from the comfort of your own home. Which one sounds like a better experience? We’ll let you decide.