If you’re like me, you’re always looking for ways to save money. Well, have I got a savings secret for you! The Honey app is an amazing way to save money on your online purchases. But how does it work? And how does the Honey app make money? Keep reading to find out these answers and more!
Honey makes money by taking a commission from the stores that are partners in the Honey Gold program. Honey also sells data about its users’ shopping habits to these partner stores. By using Honey, you can save money on your online shopping purchases and earn rewards at the same time!
What is Honey and How Does it Work?
Honey is a price comparison and shopping app that allows users to find the best deals on products and services online. The app works by scanning a product’s barcode or searching for it by keyword, and then comparing the prices of that product across different online retailers. If a lower price is found, the user is given the option to buy the product directly through the app. Honey also offers cash back rewards on certain purchases, which can be used to offset the cost of future purchases.
How Honey Makes Money
Honey makes money when a user redeems an coupon through their extension or app. Merchants pay Honey something similar to a affiliate commission which is percentage fee of total sales price. Honey has also partnered with more than 30,000 retailers across the industry and offers an extension that Plugins like eBay or Amazon can use. Every time a buyer purchases your product through one of these partners Honey gets paid by them- they charge 0% up until 20%. If you have high end fashion items though (like luxury clothes), then expect to pay over twenty percent!
So in short, honey makes money by taking commissions from other stores that are partnered within the honey gold program.
How to Use Honey
1.Install The App From Your App Store
Installing the Honey app is quick and easy. Just go to the app store or Google Play and search for “Honey”. Tap on the icon and select to begin the install process. Once installation is complete you can proceed to the next step.
2.Open the App and Sign In With Your Email Address or Facebook Account
Once you have the app installed, you will be prompt to either sign in or create a new account. Assuming this is your first time with Honey you will have to select “Create an Account” Once you filled-out all the required info you can start using the app. Just make sure to remember your email and password.
3.Start Searching for Products
To search for a specific product, simply enter the product’s name or keyword into the search bar. You can also scan a product’s barcode to find it in the app. Once you’ve found the product you’re looking for, honey will display a list of online retailers that sell that product. Simply select the retailer you want to purchase from and honey will take you to their website. You can then complete your purchase as usual. If a lower price is found, honey will notify you and give you the option to buy the product directly through the app. Cash back rewards are also available on certain purchases, which can be used to offset the cost.
Features Of Honey
Honey Gold
Honey Gold is the company’s cashback and rewards program. The best part? You can get a small commission as gold currency, which redeem for gift cards at selected stores!
DropList
Honey is a fantastic app that lets you save on your next purchase. You can add items from any of the major retailers ( Amazon , Macy’s , Target etc)to Honey’s droplist for cheaper prices when they become available! The best part about this tool? There are no limits in place so feel free to load up all these great deals – just make sure not too overload because after 30 days monitoring each product individually will notify users via email if anything happens such as an price lowering before its deadline date..
Price Comparison For Amazon
Honey constantly monitors prices on Amazon to find the best deal for its users. If they can’t get it cheaper anywhere else, then there’s no competition and Honey will notify them of this with a message letting you know that these are definitely your lucky DAYS!
Price History
Honey is the most advanced tracking mechanism for ensuring that you’re always in control of your Amazon browsing experience. It helps users make informed decisions about whether or not to buy a product on sale, and it also gives an idea as how much money will be saved by waiting before making any purchases!
Alternatives to Honey
Honey is probably the best known couponing browser extensions and apps around. However, there are other options out there, and some you might find work a bit better for you. So here are a few alternatives to Honey you might want to try out.
WikiBuy
The biggest competitor to Honey is WikiBuy, which does the same thing but sometimes has coupons that we miss. It’s available on all major web browsers as an extension just like us and it uses very similar installation processes too!
RetailMeNot
The RetailMeNot browser extension is one of the most reputable coupon sites on earth. The app lets you take it with your everywhere, but if that isn’t an option then they also have a website where people can post their coupons in exchange for eligibility verification and cash rewards!
The Camelizer
This browser extension is less known and is a little different from Honey and WikiBuy. It works as more of a front end for CamelCamelCamel, which can find deals on Amazon.
Dealspotr
Dealspotr is another coupon site that makes the claim to have more working coupon codes than it’s competitors. But it’s far less known than giants like Honey and RetailMeNot.
Honey FAQ
Does Honey Track Your Internet Activity?
Does Honey Have A Browser Extension?
Does Honey App Cost Money?
Does Honey Work on Amazon?
Final Words
Conclusion paragraph: Have you ever used the Honey App or Browser Extension? If not, what’s stopping you? The app is free to download and easy to use- simply install it in your browser and shop as you normally would. Whenever Honey finds a coupon or discount code for the store you’re shopping at, it will automatically apply the savings to your purchase.
Not only does this help you save money on your purchases, but it also helps support small businesses. So what are you waiting for? Download Honey today and start saving!
Did you like our article on how does the Honey app make money? Did you learn a little about this cool app and browser extension? If so let us know in the comment section below and don’t forget to checkout our other great articles here