{"id":8433,"date":"2024-11-23T13:43:33","date_gmt":"2024-11-23T13:43:33","guid":{"rendered":"https:\/\/finderica.com\/the-must-have-gift-of-the-season-may-be-a-dupe\/"},"modified":"2024-11-23T13:43:33","modified_gmt":"2024-11-23T13:43:33","slug":"the-must-have-gift-of-the-season-may-be-a-dupe","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=8433","title":{"rendered":"The must-have gift of the season may be a ‘dupe’"},"content":{"rendered":"
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Caiaimage\/Paul Bradbury | Caiaimage | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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‘Tis the season for giving \u2026 dupes?<\/p>\n

Buying\u00a0a dupe \u2014 short for duplicates \u2014 rose to the top of this year’s holiday wish lists. A dupe gift is\u00a0a gift that is a cheaper alternative to a more expensive, branded item. They were largely kept under the radar until recently because a “fake” was dubbed inferior to the real thing, but a lot has changed.<\/p>\n

In some cases these brand imitators are now even preferred to their pricier counterparts.<\/p>\n

More from Personal Finance:<\/strong>
Here are the best ways to save money this holiday season
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Holiday shoppers plan to spend more<\/p>\n

This year, 79% of consumers said they would buy a\u00a0dupe as a gift for their loved ones for the holidays, according to a survey of more than 1,000 shoppers by CouponCabin<\/a>.<\/p>\n

More than half \u2014 51% \u2014 of those who the coupon site polled said dupes are better\u00a0<\/em>than the original.<\/p>\n

Even when consumers can get the real thing, nearly 33% of adults\u00a0intentionally purchased a dupe\u00a0of a premium product at some point, a separate report by Morning Consult also found. The business intelligence company polled more than 2,000 adults in early October.<\/p>\n<\/div>\n

<\/a>When is a dupe an appropriate gift?\u00a0<\/h2>\n
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Before you buy a dupe, think about who you’re shopping for, experts say.\u00a0<\/p>\n

For instance, some family members or friends might especially appreciate a dupe for what it is, said Ellyn Briggs, a brands analyst at Morning Consult.\u00a0<\/p>\n

“It’s kind of a badge of honor for young people to get a dupe,” she said.<\/p>\n

On the other hand, you risk disappointing someone if they have been asking for a specific product for a while, said Melanie Lowe, CouponCabin’s savings expert.\u00a0<\/strong><\/p>\n

If that is the case, consider the cost of the name-brand item and assess if it is within budget. The key is to know when to splurge or save, Lowe said.<\/p>\n

“If you’re talking about a product that you’ll use daily \u2026 invest in the original,” Lowe said. “That purchase is usually worth it.”<\/p>\n

Alternatively, “if it seems appropriate in the situation \u2014 if it is a more light-hearted gift \u2014 you can definitely go the dupe route,” she said.\u00a0<\/p>\n<\/div>\n

<\/a>‘It’s a dupe for a reason’<\/h2>\n
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While some shoppers take pride in buying dupes, roughly 86% of shoppers have been disappointed by their purchase of a\u00a0dupe, CouponCabin found.\u00a0<\/p>\n

“It’s a dupe for a reason,” said Lauren Beitelspacher, professor of marketing at Babson College. “We don’t know where it’s made, who is making it or the quality.”<\/p>\n<\/div>\n

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“It’s not that all dupes are bad. But sometimes we are paying a premium because there is a quality difference \u2014 and we, as consumers, have to be more conscious of that,” Beitelspacher said.<\/p>\n

If you want to shop for dupes, read and watch product reviews online to help determine the dupe’s quality \u2014 this is where social media can come in handy.<\/p>\n

A majority, or 62%, of U.S. adults who use TikTok say they use the app for reviews or recommendations, according <\/a>to a new study by the Pew Research Center.\u00a0Others tap Instagram and Facebook for product research.\u00a0<\/p>\n<\/div>\n

<\/a>Shopping secondhand this season<\/h2>\n
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Consumers should make the same value considerations when buying secondhand, which has also become more popular, even for gifting.<\/p>\n

Three in 4 shoppers said that giving secondhand gifts has become more accepted over the past year \u2014 notching a 7% increase from the year before, according to the\u00a02024 OfferUp recommerce report<\/a>.\u00a0OfferUp, an online marketplace for buying and selling new and used items, polled 1,500 adults in July.<\/p>\n

The majority, or 83%, of shoppers are also open to receiving secondhand gifts this holiday season, the report found.<\/p>\n<\/div>\n

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Shoppers have increasingly turned to resale for a number of reasons, including value,\u00a0sustainability and as a means to secure hard-to-find luxury items. Because secondhand shopping <\/strong>is considered eco-friendly, it’s also become more socially acceptable. OfferUp’s report credited Generation Z for driving a shift in mindset.<\/p>\n

“The stigma around secondhand gifting is rapidly diminishing,”\u00a0said Todd Dunlap, OfferUp’s CEO.\u00a0<\/p>\n

However, the same buyer-beware mentality applies, cautioned Babson’s Beitelspacher, especially if you are ordering secondhand goods online. “You might not get what you want,” she said.<\/p>\n<\/div>\n

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Don\u2019t miss these insights from CNBC PRO<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Caiaimage\/Paul Bradbury | Caiaimage | Getty Images ‘Tis the season for giving \u2026 dupes? Buying\u00a0a dupe \u2014 short for duplicates \u2014 rose to the top of this year’s holiday wish lists. A dupe gift is\u00a0a gift that is a cheaper alternative to a more expensive, branded item. They were largely kept under the radar until<\/p>\n","protected":false},"author":1,"featured_media":8434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[2936,1151,2935,1105],"class_list":{"0":"post-8433","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-dupe","9":"tag-gift","10":"tag-musthave","11":"tag-season"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/8433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8433"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/8433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/8434"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}