Coach makes some of the most highly-coveted handbags and accessories on the market. Known for making quality leather goods since 1941, this company has expanded greatly and now offers a range of fashionable products including wallets, shoes, glasses, perfume, jewelry and clothing. But with an average price of $300 or more for a handbag, high fashion comes at a high price! Fortunately, saving on Coach is not as hard as it seems—you just have to know the tricks!

1. Sales and events

If you love Coach, I recommend joining their email list. Not only will this keep you up to date on the latest products, but you will also be the first to know about special events and offers. Typical markdowns at authorized department stores usually top out at around 25 percent, but if you want a specific style that is unlikely to be deeply discounted by another source, this can be a way to get some savings.

2. Department store websites

Nordstrom recently had a sale on their website where they marked down several bags including the Legacy Swingpack Zebra Crossbody Bag. The sale price was $92.46 marked down from $138. This is a savings of 33 percent, which is more than the typical 25-percent-off bin that I see when I go to most department stores. Most of the time Coach is excluded from online coupon codes, but it never hurts to try—at the very least you may be able to score some free shipping! Other department stores that have special offers on Coach include Macy's, Dillard’s, Younkers, Lord & Taylor and Bloomingdale’s.

3. Coupons

To get a great deal on a Coach bag, do what Krazy Coupon Ladies do best—use coupons! Coach occasionally puts out coupons worth 25 percent off any full-priced item. To get coupons, join their email list and keep an eye on their Facebook page.

4. Brick-and-mortar outlets

The Coach Factory Outlet can be found in 40 states, so there’s a good chance there’s one in your area. A full list of locations can be found here. Items are generally 30–60 percent off, and the sales associate has often given me a 20-percent-off coupon when I’ve entered the store. Savings can get even higher during their Black Friday promotions, and they are usually advertised on the local outlet mall's website.

5. Online outlet

There are many places claiming to be legitimate Coach Factory Outlets or discount stores offering genuine products, but the only authorized retailer for factory products online is Coach Factory. Coach's factory outlet does not work like a typical online retailer. It’s a members-only site, so you have to register for an account (which is free). Once you are registered you will periodically be invited to participate in special offers and events by email. There is no way to know if you will be selected to participate in a particular offer because they are sent out at random. During events you can get amazing discounts, sometimes as much as 75 percent off. If you plan to buy extras as gifts, keep in mind that each promotion limits you to five signature and five leather items. If you are not scheduled for an event, then they simply do not offer you any items to purchase at that time.

6. Overstock stores

Every now and then, overstock stores like Marshalls, T.J.Maxx, and Nordstrom Rack will get a Coach bag or wallet in stock. Sometimes I have even seen them go on further markdown. Last year at T.J.Maxx I picked up a past-season leather Coach purse that retailed for over $250 for $40—that's a savings of over 80 percent!

7. Flash sale sites

Back in May, KCL reported that Rue La La was having a flash sale on Coach bags. These types of sales are few and far between, but with savings topping 65 percent, these deals are worth jumping on when they come around—and you can count on KCL to let you know when they do!

8. Shop used

Since Coach bags have been around for over 70 years, there are many places to find quality used merchandise that won't break the bank, including consignment shops, Craigslist and eBay. I recently found a mint-condition bag that would retail for about $250 at an antique mall for only $35, so it’s worth keeping an eye out at unusual locations.

When you shop through unauthorized retailers or buy secondhand, you will need to watch out for knockoffs. Not only do you get ripped off when you buy a phony, but according to the New York Times, counterfeit goods are big business—profits total $500 billion per year, and the money is often used to fund illegal activities from organized crime to international terrorism. Remember when shopping secondhand that those knockoffs may make their way into consignment shops right alongside the genuine article, so you should educate yourself enough to be able to identify the real deal. eBay has some great tips on how to tell the difference between a genuine bag and a fake. If you shop eBay make sure to only go through highly-rated sellers, and if you do discover that you have bought a counterfeit bag on eBay, take steps to recoup your losses immediately through their conflict resolution center.

Are there any tips we missed? Share how you scored big savings on Coach in the “comments” section.