Why We Spend So Much Money on Amazon! There is Science Behind It

PennyGem’s Elizabeth Keatinge tells us about the tricks Amazon uses to make purchasing easy.

Transcript

00:00So, you ran out of dog bones for Max. Just get more on Prime and they'll be here tomorrow.

00:08Amazon is addicting, right? You're not alone. According to Insider, there are over 100 million

00:14members paying $119 a year for Amazon Prime. One of the perks is expedited shipping. The average

00:20Amazon Prime member is reported to spend around $1,400 per year, while non-members spend $600.

00:26As Money Talks news highlights, Amazon makes shopping immersive through limited-time promotions

00:31like Lightning Deals. There's also the Lists feature. You can make a shopping list and

00:36a wishlist to share with family and friends, so when your birthday comes, they know exactly

00:41what to get you. Buy Now with One Click also makes ordering quick and easy. With your credit

00:46card information saved, you don't even have to get up from bed to finalize your order.

00:51Voice Shopping and Subscribe and Save also make shopping fast and easy. But remember,

00:56just because it may seem easiest, it may not always be the most cost-effective. Amazon's

01:01not the only game in town. Comparison shop at places like Walmart, Target, and other competitors

01:07to make sure you're getting the best deal.

01:13Thanks, guys.