The Officeworks Price Beat Guarantee offers to undercut competitor prices by 5% if you find a lower priced, identical stocked item. That's a good deal and one that many of us have benefited from over the years. But in order to ensure it doesn't pay out that extra 5% too often, I discovered what Officeworks does.
I needed to buy an external hard drive so I did a quick online shop around. I set myself a budget of $200 and wanted at least 2TB, but preferably 4TB. I have a few options nearby and, as it's a nice day I wanted the store to be within about half an hour on my bike. When I checked the price at my local Officeworks, I found a 6TB Seagate drive for $189. That seemed reasonable so I headed to the store.
When I got there, the sticker price on the drive was $219 - which is the price I saw online over the weekend. So I asked the sales assistant why there was a discrepancy. He told me that Officeworks checks competitor prices twice a day and updates their pricing at 11:30 and 14:30 each day.
So, if I'd found the drive somewhere else for $189, before Officeworks dropped the price, I could have saved another $9.45. It's not a lot of money but it would have covered a trip to the op-shop for some more second-hand vinyl for my collection.
If you're looking to score that extra 5%, shop around and get to an Officeworks store before 11:30 or 14:30 each day. This will improve your chances of landing a price-match deal.