It’s November, and with Black Friday and Cyber Monday just around the corner, consumers are looking forward to some of the biggest savings of the year. Whether through brick and mortar stores, online retailers, or both, consumers will be browsing products throughout the month to snap up the best bargains, come November 27 (Black Friday) and November 30 (Cyber Monday).
For affiliates and merchants, it’s important to start your campaigns early and to get the word out about your promotions in order to capitalize on impeding traffic. And while many people associate Cyber Monday as strictly online sales, and Black Friday solely about offline sales, the truth is, both days are important to your online sales goals.
In fact, while the majority of consumers identify Black Friday weekend as the time to buy big ticket items, research shows that Black Friday and Cyber Monday sales are actually quite similar, suggesting that shoppers don’t separate the two in terms of online and offline sales.
A recent study by the Yahoo Insights team supports this finding, concluding that online sales on Black Friday were not too far behind sales that occurred on Cyber Monday. The study reveals that online retailers experienced a greater percentage increase in conversions on Black Friday, than Cyber Monday.
Trends identify Black Friday/Cyber Monday as having the best deals on personal, home or office and electronic products. Location is also important, with more than 50% of consumers shopping from their workplace, for added convenience.
This year, due to the still recovering economy, Black Friday sales ads are expected to offer shoppers a selection of huge bargains and deals on even more products and services. Free shipping offers are also especially popular during Cyber Monday, with 75% of customers preferring to shop with an online retailer that offers this incentive.
So with mere weeks left until two of the biggest shopping days of the year, merchants and affiliates should definitely make sure their marketing campaigns are ready. Consumers will begin product/service browsing now, so make sure your deals and free shipping promotions take front and center. And remember, online sales are not just about Cyber Monday anymore; Black Friday is going to be equally important to your marketing campaign success.
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Shopping Trends for Black Friday and Cyber Monday
