Updated 11/29/2011 06:36 PM
Adams man's website pays you to shop online
A North Country man has created an online shopping website he says not only will save you time and money this holiday season, but will pay you cash back to use it. It might sound too good to be true, but our Brian Dwyer takes a deeper look and tells us how the business model allows the site, stores and the shopper to benefit.
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JEFFERSON COUNTY, N.Y. -- People use them every day for hotels, flights, rentals. Sites like Priceline and Kayak help people find the best prices all in one place.
And as we hit the holidays, there are sites designed to help online shoppers do the same. But an Adams man says his new site, BeeSavy.com takes it further by not only comparing prices, but actually paying you to use it.
"The idea actually came up in the beginning of 2010," Robert Honer, the man who created BeeSavy said. "If you can think back, the news at the time was all doom and gloom with nothing positive. We just got thinking to what we could do that would have a positive impact on people's lives."
It wasn't easy. Honer planned for eight weeks to get the site running. It took nearly two years and teams in both India and San Diego to do it. But it's done.
After creating a free account, BeeSavy lets you type in any item you want and search nearly 2,000 stores, including the big ones, for the best prices. But how does it pay you?
Well, those stores pay what's known as an affiliation commission to outside sites, like BeeSavy, that bring in sales. Most sites keep that money. BeeSavy takes it and gives just about all of it back to users as a cash back reward.
So how does the site make money?
"We get ad money based on the ads that companies pay to place on the site and that pays for most of the cost of keeping the site up," Honer said. "Also in some cases, not all, we'll keep a small amount of that affiliate commission to keep the lights on."
And if you're still waiting for the catch, Honer says there aren't any. He says he does not sell personal information and he's not trying to get rich. He's only trying to help those, much like himself, that can use every dollar they can save.
"The one challenge I'd like to give people is you what?" Honer said. "It doesn't cost anything and it won't cost anything. Sign up. If it doesn't save you money, don't use the site again. But if it does, tell all the people you know."
Honer says the site will also pay you a portion of the commissions for people you sign up. Saying again, the stores get the sales, he gets better ad money and you get more cash back.
The site also looks for any online coupons or codes that can be used on any purchases.