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Top Story: Get the best deals on Amazon Prime Day!

Have you heard the news? Amazon is hosting its second annual Prime Day on July 12, which is said to be their biggest event ever.

Prime Day is a 24-hour blow-out sale with nearly 100,000 deals worldwide that are exclusive to Amazon Prime members. New deals will be posted as often as every five minutes throughout the day. Countdown deals are already being offered as well. 

Amazon came out on top during last summer's sales event with 34 million items sold, which shattered Black Friday sales records. Amazon Prime has been around since 2005 and has become a very popular service. By the end of 2015, one in five adult Americans had Amazon Prime memberships. Here are some of the deals you can expect to see tomorrow.

1. LSTN Troubadours Cherry Wood On-Ear Headphones

Amazon Prime Headphones

Regular price: $150

Prime Day price: $75

Click here to get this deal on Prime Day >>

2. Luno Wear Men's Wood Watch

Amazon Prime Watch

Regular price: $65

Prime Day price: $40

Click here to get this deal on Prime Day >>

3. Amazon Kindle Unlimited

Kindle Unlimited

Regular price: $10 per month for unlimited eBooks and audio books

Prime Day price: 25 percent off a six-month subscription, 33 percent off 12 months and 40 percent off 24 months.

Click here to get this deal on Prime Day >>

Of course, these are just a few of the impressive discounts you'll find tomorrow. But before you click that "Add to cart" button, we wanted to share some tips to help you find the best deal.

1. Make a list in advance

Start window shopping before the frenzy begins to scope out items you'd like to buy. Select a few similar products to keep an eye on. For example, if you're looking for a new set of headphones, choose two or three brands or models you'd be happy with. Monitor each of these brands to see which offers the best discount.

2. Use the Amazon app

If you're not already using the Amazon mobile app, you should be - especially on Prime Day. The app is a free download for both Apple and Android users, and lets you monitor prices on certain products. The best part is that you can even adjust your settings so you'll receive alerts whenever prices on those items drop.

To do this, just go into the app's Settings menu and enable notifications for your "Watched and Watchlisted Deals."

3. Partner up

Two heads are often better than one - and, in this case, that's definitely true. Since most of us aren't able to sit around waiting for deals all day long, working with others to take shifts is a great way to find deals you'd otherwise miss.

BONUS: Other summer retail deals

If you're not an Amazon shopper there are some great summer deals available from another major retailer. Walmart is countering with a free 30-day trial of ShippingPass. It is Walmart's version of a subscription program that offers free unlimited two-day shipping with no minimum order required. After your 30-day trial period you can sign up for the service for $49 for an entire year. That is about half the price of Amazon Prime but does not come with a streaming service like you get with Amazon.

Walmart is also offering special deals throughout the summer. Their sales event kicked-off July 1 and is expected to continue for 90 days. You can find the deals they are offering on Walmart.com.

Summer clothes, camping and outdoor gear are just a few items that are being discounted at both retailers for this event. Shopping experts say beauty items and electronics are some items that you should wait to purchase until later in the fall. These items are usually discounted even more later in the year.

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