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The Internet is now loaded with different websites promising to give you the best daily deals and specials around.  But some of these daily deal websites have loopholes and some of the daily deals aren't really deals at all when you consider that you might have to travel far and spend more money on gasoline than the deal or savings is really worth.  So here we will sort though the various websites promising deals and specials and help you find the true best buys.

DAILY DEALS WEBSITES, TOO MANY TO SURVIVE

Update June 25, 2012  We're not surprised to find out that SaverTime -- which we promoted here and on our Best Buys TV Show -- is shutting down.  There are just too many Daily Deals websites, and it is too easy for businesses to set them up.  Unfortunately there wasn't enough business to go around.  SaverTime was created by the publisher of the Pennysaver, and a few days ago this notice appeared on their website:  

As of Wednesday, June 20, 2012, SaverTime is no longer featuring local daily deal offers on our website or delivering local offers via email. Please download any unused vouchers you purchased previously by no later than Tuesday, July 31, 2012.

Of course this doesn't mean that the brand can't be brought back or that the business can't be brought back.  But right now, the advertising market is tough.  I am surprised that SaverTime couldn't make a go of it since it had the sales staff of the Pennysaver also selling for SaverTime and there was an "economy of scale" and other savings in that business model.

But you have to ask, if SaverTime could not succeed what about the others? 

Below is the video that was featured on our Best Buys TV Show.  The Pennysaver invested a lot of money into SaverTime, but perhaps not enough.  There really wasn't much advertising done in mainstream media and as the Pennysaver launched SaverTime other newspapers launched their own daily deals websites, and of course there were independent marketing companies who also created their own sites.  But in this tough economy, there just wasn't enough business to go around.  Also, there were horror stories about small businesses who found that when they did business with a daily deals websites that their profits vanished by running the various promotions and there was a lack of follow-up business from the new customers.

If there is a lesson here it is this: use those daily deals coupons and offers when you get them and don't put them away for a rainy day.  You never know when the daily deals business might close or if the businesses offering the deals might close or stop honoring the coupons.

SaverTime had this on their website:

Any unused vouchers that you purchased previously will be honored through their expiration date by the merchants according to the terms of the voucher.  

However, there are no guarantees in business because businesses can close, file for bankruptcy, or just flake out and refuse to come through with what they offered.

Do you have some tips on how to get the most for your money from a daily deals website?  Talk about it on our Forum by clicking here.  If you have some reports about the daily deals websites, please share them with us on our Forum.

Here on our new media website "Moneyman" Alan Mendelson who is the original Best Deals TV Show reporter on KCAL9 and consumer advocate, shows you the best deals on TV, and the best buys, bargains and where savvy shoppers go to save, and how to get the most for "your money" with the best of Los Angeles, Orange County, Ventura County, Riverside County and San Bernardino County. Some content on www.alanbestbuys.com is paid advertising. The Best Buys TV Show is a paid infomercial program which may also include news and information which is not sponsored or paid for by advertisers.

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