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Social Networking For Bargains

We're thrilled to present this smart LearnVest story here on Savvy!

Things that bug us when hunting for the best deals:

  1. We don’t want to sign up for store credit cards just to get their coupons, but we still want in on their perks.
  2. The deals on online discount code websites are often expired, and don’t cover local offerings.
  3. Websites like Groupon and LivingSocial make us pay for a deal upfront, which means cash out of pocket, and then we have to be concerned with how and when we’ll use our coupons. Although Scoutmob doesn’t do that, it covers mostly restaurants.

Into The Void: Signpost.

Lately we’ve been digging Signpost.com, a deal hunting site with a social networking twist. Instead of showcasing just one deal a la Groupon, its homepage features loads of deals in different categories like fitness, shopping, and nightlife—and even better, they come vetted and recommended by the community.

Although a few retailers post deals through the site, most posts come from regular people who want to spread the money-saving love. For example, Signpost members tipped off the community to free yoga classes at donations-only studios, bars around town to get free birthday shots, and a Helmut Lang and Theory sample sale. You can also search by anything, such as “free” or “birthday.”

Find out how Signpost works after the break.

Other Members Keep ‘Em Honest.

The value of this site is in the community feedback. People can comment on whether they found a deal worthwhile, flag bad deals, or verify them to let everyone know they’re legit. More than any other deal site we’ve seen, Signpost about creating a tangible, local community—the company is even sponsoring an free open bar in NYC on the 10th.

The Caveats.

First, note that Signpost is currently available only in New York, San Francisco, Boston, and Chicago, though we hope it quickly expands to other cities. Secondly, don’t assume every deal you see on the site is earth-shattering — sometimes members will post something that isn’t a special sale, but has a regularly low price that they think people should know about. Aside from those two, the only other annoying thing about this site is that you need to create an account to participate, but it’s free to join and the signup process is quick.

We’re off to enjoy some free pizza — we’ll let you know how it goes.

Source: Thinkstock
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