Barry said:
I do a huge number of rebates, several hundred per year (usually
over 50 just from "Black Friday" alone), and I often have more
than $1,000 in outstanding rebates. I do them meticulously, I
keep scrupulous records, and I keep copies of everything, and
spreadsheet to show the status. But I do not use certified mail or
anything like that to submit them (it just costs too much).
Certified mail doesn't prove that you've met the requirements
anyway. Rebates explicitly state that you are at the mercy of the
rebate company and that you have no recourse if they choose to deny
your request. It's a bum deal to begin with.
More than 90% of the rebates are processed and received with no
followup or action on my part. A few (and I'd say it's less than
5 each year) require followup but I get them.
That's difficult for me to believe.
The number of people who submit rebates is very low.
I think most people are turned off by rebates nowadays, given their
history.
I have worked for a company that offered rebates, as a marketing
manager, and the rebate firms will offer a chart showing the cost
of the item on one axis, the amount of the rebate on another axis
and at the intersection the maximum percentage of customers who
will actually submit the rebate. In many cases, they will
GUARANTEE this percentage ... and if more people than indicated on
their chart submit the rebate, the independent rebate house and
not the manufacturer will pay the extra rebates.
And that's when the doo-doo hits the fan.
Rebates are generally not a scam and are generally fulfilled if
the requirements are met. What rebates really are is a tax on the
disorganized, for the benefit of the minority who do send them in.
I think more likely they started out being a scam by hiding the
mail-in rebate requirement.
Part of the reason is probably because you have to forfeit your
ability to return a product when you destroy the packaging in order
to request a rebate.
The whole idea sounds funny to me, effectively asking a company for
some of my money back.
In my experience, if you want to play the rebate game you can get
some good deals (in fact lots of free deals),
And the cow jumped over the moon, and other fairy tales. Sometimes
you might be able to get a rebate on junk after you pay a price,
fill out the rebate form, and wait.
You get what you pay for.
but you have to have the mindset to do the rebate right and to do
it IMMEDIATELY.
I immediately browse to another product when I see that the product
I'm looking at requires a mail-in rebate. I start saving time
immediately that way.
Good luck.