I think the Europe or American people know about Black Friday but not Asian people like me.
I’ve read about the sales and maddness in the event so let’s get some information about it.
What is Black Friday ?
From Wikipedia, Black Friday is the day following Thanksgiving Day in the United States (the fourth Thursday of November).
Since the early 2000s, it has been regarded as the beginning of the Chrismas shopping season in he US, and most major retailers open very early and offer promotional sales.
Black Friday has become the biggest shopping day of the year, when retailers knock prices across much of their stock to kick-start the gift-buying season.
Plenty of retailers have launched their deals such as :-
– They received orders for more than 5.5 million goods on Black Friday on 2014, selling 64 items per second. They start the promotion starting on Monday 23rd November 2015.
– It is expecting 8m Britons to visit its website over Black Friday and will be unveiling new deals every morning at 8am between Monday November 23 and Monday November 30.
For those who want to shopping in Black Friday, read this tips from Forbes.com
Tip 1 – Plan ahead
This is the most important of all. Because a lot of retailers – nearly all, in fact – will have deals running you need to know what you want to buy, and what retailers you’re happy to use. Rumours and pre-announcements are common, so read up, do your research and make sure you know what stores are going to be doing what, and when.
Tip 2 – Do you need it?
Ask yourself three questions before you buy something in a sale “do I need it, do I need it and finally do I need it”. This is a bit silly, but let’s be honest here – even a bargain costs money. If you want or need something, fine, go for it. If you’re just seeing a good deal, with loads of money off, then perhaps don’t spend your hard-earned money.
Tip 3 – Sign up for newsletters
DJI, Samsung and more have been emailing me explaining about the deals that they are running. This is all about planning, so make sure you know what products you might want to buy, and sign up on their websites for their newsletter. This will enable you to get notified when they have good prices, not just for Black Friday and Cyber Monday but year-round.
Tip 4 – Don’t wait until Black Friday
Deals are already live, right now, so there’s no point waiting if you see something you want. The price is quite unlikely to go down further, so take advantage of online deals and snap up that bargain straight away.
Tip 5 – Research your products
Say you’re buying a big electrical item like a TV or a Fridge. Before you spend your money spend some time looking into the products you’re considering. Take a look at the terms associated with those products and the brand-specific names for technology. For example, Samsung’s TVs that say they are SUHD are capable of high dynamic range and use quantum dots. But Sony’s TVs are called Triluminos when they offer quantum dot tech, but that doesn’t also mean they’re HDR sets. Look into all this ahead, and you won’t be disappointed when you get your new product home.
Tip 6 – Watch out for old products
There’s nothing wrong with buying an older generation of gadget, but just be aware that Black Friday can be a great time for stores to clear out old stock. Some products just don’t matter, so don’t be put off an older hard drive or Amazon Kindle, but with TVs, phones and computers you might want to make sure it does what you need before you buy. Be aware of older 4K TVs particularly, which don’t always offer support for 60FPS via HDMI. It’s a minor point, but in a few years it will be annoying.
Tip 7 – Avoid going out
It’s a zoo in-store, so avoid it if possible. Online should offer most of the same discounts, and this is where research comes into play again. Know what you want, and don’t get distracted. Stock will be very limited so pick the thing you want most and jump on it ASAP.
Tip 8 – Get friends and family involved
If you have some friends and family who aren’t bargain-hunting themselves get them to help out with your shopping. Give them each one thing to buy on the day, either online or in-store and give them a maximum price to spend and a pile of cash. This will stop you missing things while you’re searching for your main item.
Tip 9 – Don’t accrue debt
Putting Black Friday purchases on a credit card is fine, just don’t put them on a card you won’t be able to pay back at the end of the month. To do that will add to your interest payment, and then a saving becomes less of a saving, and keeps getting less of a saving until it’s the worst deal ever.
Top 10 – Make a list, price it
If you have lots you want then make a list. Order the list in terms of the things you most want, or need, and then put a maximum price on them. This works for people who go to auctions, they know the items they want and their maximum price. Don’t go over it, and that will ensure you get a good deal. Make sure your research includes the RRP, the last non-sale price – if you can find it – and calculate the percentage/amount of saving you’re going to make.
Tip 11 – Be brave, be prepared to wait
Black Friday is a PR operation as much as it is a sale. Stores know this is a big weekend and they’re keen to use the hype to blind you to the real-world. That might mean that the deals offered by store X aren’t actually as good as they might be later in the year. Remember that post-holiday sales are common to clear stock and prepare for the new season of stuff to buy.