You have to spend money to make money

Some of us consider shopping as a sport – physical activity that is fiercely competitive. However, these days it has become more of a leisurely activity thanks to the wonderful world wide web. So if you’re like me and prefer to shop in the comfort of your own home (even if its dial up), let me share with you another reason to shop online. Cash Back Shopping.

Cash Back Shopping is as simple as creating an account with rebate websites and then shopping as you do. For example, I just used Ebates to buy some Ralph Lauren – I love Ralph Lauren Friends and Family – and for shopping through Ebates, I earn 3% cash back on my purchase.

I spent US320 on three men's polo tshirts, one sports shirt and one cashmere sweater (tip: Friends and Family discount also applies to sale items so total discount can be up to 70% off) but I really paid US310 since I get 3% back through Ebates. How does it work? Supposedly the stores pay Ebates a sales commission when you shop and Ebates is kind enough to share it with us. I think it might have something to do with tracking online habits of their member but I have had no problems.

Now you might think 3% isn’t much. And it isn’t. But you’ll be surprised how much it accumulates over time. I joined Ebates in 2006 and so far I’ve been paid US574. This also means I spent approximately US14,000 in three years (assuming an average rebate rate of 4%) but you have to spend money to make money. Right?