Cyber Monday and Black Friday offer worldwide shopping opportunities. The difference between these shopping events is that Cyber Monday is for online shopping and Black Friday is for retail shopping. Black Friday is traditionally held on the Friday following Thanksgiving. Black Friday is a great opportunity to make a profit on holiday shoppers and fill their days with retail excitement. Black Friday is the perfect time for retailers and shoppers to announce bargains. Everybody is in the holiday spirit and there are better ways to grab shoppers than offering a special shopping day. Cyber Monday is the next day after Black Friday. It’s a unique day when shoppers can shop online and get their bargains. Although Cyber Monday and Black Friday are connected at the end of the weekend, the overall experience is different. Cyber Monday requires a physical presence.
What is Black Friday?
Black Friday is a holiday that has existed longer than Cyber Monday. There are many historical connections to this date. Although the title of ‘Black Friday‘ was disputed, it was eventually changed to ‘Big Friday. The name Black Friday has remained the most popular shopping day of the year, but it was not changed. Black Friday has been widely promoted to shoppers all over the globe. In some cases, Black Friday fans have been known for lining up for the best deals. There are many events that Black Friday is used to refer to. Because of their negative connotations, some of these events have been covered up. Black Friday used to be a day that slave traders could purchase slaves at a lower price.
Jay Gould, Jim Fisk and others used the name Black Friday to describe the day when they bought all of the gold on the stock market in order to build their own gold shares. They wanted to drive the gold price skyward for their own gain. Black Friday is the date that their plan led to the collapse of the stock market, and many investors going bankrupt. Another story that is more common is the Philadelphia police activity. This Friday, tourists and shoppers flood the city in anticipation of the annual navy/army football match. Fans and tourists flock to the city on Friday to cheer on their team. The game begins on Saturday after Thanksgiving. This game is played on a holiday weekend, so the city is crowded with people and cars. Black Friday is now a worldwide Shopping Holiday and a retailer’s favorite.
What Retail Benefits Are There For Black Friday?
- Black Friday was created to offer retail benefits. It allows retailers to market bargains to a ready-and-willing market on a specific day.
- To sell stock before Christmas, the shopping hype is used to attract shoppers. Many stores offer specials and the perception that shoppers should shop on this day.
- Black Friday is now more popular than ever. Shops are opening earlier than ever before. Some shops even open as early as midnight so that they can get the best shopping experience possible.
- Black Friday deals are not guaranteed to end until stocks run out, so Cyber Monday has become a special shopping day. Cyber Monday is the day that shoppers can shop online to find bargains.
Cyber Monday: What’s It All About?
Cyber Monday is Monday after Black Friday. It was created by the shopping fraternity, not the retail side. Black Friday deals were attractive to shoppers. They could shop online using technology and their credit cards without ever leaving their homes. This trend was recognized by retailers and became a standard. Cyber Monday is a 24-hour event that was created out of the need of shoppers. This day is the first Monday following Black Friday.
What are Cyber Monday’s most interesting features?
Cyber Monday doesn’t require shoppers to visit the shop. You can shop online for the best Cyber Monday deals.
Cyber Monday is a great opportunity for interested shoppers to begin Christmas shopping ahead of time and take advantage of the excitement surrounding Black Friday and Thanksgiving weekend.
Cyber Monday is the last day to grab a bargain from all Black Friday-related stores.
There Are Differences Between The Two Events.
Timing: These events have a different start date, as they begin on Friday after Thanksgiving or Monday of the following weekend.
Organization: A Black Friday event would require more organization. It takes a lot of organization to manage advertising, marketing, staffing retail spaces, and dealing with the public. After the systems are in place, Cyber Monday will require slightly less organization. The shopping experience is online and shoppers can shop from their homes or workstations using laptops and other technology.
Benefits for retailers: Both these events are beneficial to retailers. Retailers will benefit from careful organization and advertising to make sure their products are known. Cyber Monday will require less staff than usual, so the event costs would be lower.
Benefits for the shoppers and public sector: We all love a good bargain. It’s a joy to find a shop that sells your type of goods on Black Friday and grab a bargain. The weekend is made more enjoyable by timing the event after Thanksgiving and taking advantage of the holiday weekend. If you don’t want to shop, Cyber Monday offers shoppers the chance to buy bargains online.
Summary Of Cyber Monday Verses Black Friday:
Black Friday and Cyber Monday are now staple events on the calendar, known for their contributions to the retail industry.
This event began as an American extravaganza and has grown to be a global phenomenon with many of the biggest international retailers taking part.
Some retailers enjoy the best year-end figures because of the popularity of shopping days. Amazon had a new sale about every 62 seconds in 2017.
Although attempts were made to change the name to Big Friday, Black Friday has been used for this event. There are many stories about the reasons for the day’s name. Cyber Monday is a newer shopping event that has retained the name Cyber Monday. It is an online shopping occasion. Retailers do however benefit from both the exchange of goods as well as the monetary rewards.
These shopping events take advantage of the Thanksgiving holidays and encourage Christmas shopping early. These events mark the start of Christmas shopping and are a time for families to enjoy their Thanksgiving holidays together.
These two days are now celebrated worldwide. Cyber Monday and Black Friday will be offered to countries that don’t necessarily celebrate Thanksgiving.
Retail organizations like the National Retail Federation have noted that 135,8 million Americans plan to shop over Thanksgiving weekend. Even more, shoppers will use Cyber Monday’s online bargains, with an estimated 183 million. These retail shopping days offer great opportunities to get bargains both during and after Thanksgiving weekend.