Ok, ok, we realize that a blog about the top ten ways to save money on Black Friday (and Cyber Monday) sounds like an oxymoron, but trust us, it’s doable! While here in Canada Black Friday and Cyber Monday remain far “tamer” than they are for our southern neighbours, our Canadian retailers' online game is quite strong! And, with the pandemic making online shopping far more accessible and seamless, this year’s Black Friday is shaping up to be quite different than in years prior.
So, the question remains, how can we Canadians properly navigate the Black Friday and Cyber Monday rollercoaster in an effort to accurately benefit from everything that these pre-holiday sales days have to offer? Here are the top tips and tricks for cheap and efficient shopping on Black Friday and Cyber Monday. If you find yourself a short on funds to get the holiday shopping started on the right foot, iCASH.ca has easy and quick loans perfect for your Black Friday and Cyber Monday needs.
TIP #1: START EARLY (NOW!)
In an effort to grab the attention of shoppers, retailers have been launching Black Friday deals earlier and earlier. And, for certain products, experts are even recommending not to wait for Black Friday to purchase. With the production line delays and stock shortages, certain items may be difficult to find the longer you wait to purchase. Hot ticket items such as newer game consoles and popular toys might sell out early and, therefore, waiting for the Black Friday deals might mean the item sells out before you are able to snag one. If you are short on funds and your desired product has gone on super sale, quick loans are sometimes a very efficient and simple solution to make sure you save the most amount of money at just the right time.
Also, many retailers, such as Amazon and Best Buy, begin their Black Friday deals way in advance. Many popular items are already discounted for Black Friday on Amazon and a simple search on the site for “Black Friday” already loads tons of results. Best Buy has stated it’s “Black Friday Price Guarantee” which guarantees that, if the price of the product you purchased goes lower at any time until Black Friday, they will actually refund you the difference!
TIP #2: RESEARCH
Buying something simply because it is on sale is a waste of money. Knowing what products you want to buy and what your budget is, is key in effective Black Friday shopping. With most retailers posting their upcoming sales way in advance and with your budget and list in hand, the first step is to go online and research which stores will be offering your desired items and at which discount? Compare notes and ask around. If there is a particular item that you are hoping to buy, don’t hesitate to ask your favorite stores if that item will be going on sale in the coming days. You just might be surprised!
TIP #3: USE APPS AND WEBSITES
Just because a retailer claims something is on sale, doesn’t mean it’s a good deal. Back in the “olden days”, to figure out if a deal was worthwhile, a consumer would have to compare prices at each of the different retailers. Nowadays, there are apps for that! When you’re in a store, there are smartphone apps such as BuyVia, ShopSavvy and Shopular that let you scan items and compare prices to find additional discounts or coupons.
TIP #4: GET SOCIAL
Retailers are extremely present on social media. They know that it is one of the most accessible places to reach their target audience. In peak shopping seasons, like Black Friday and Cyber Monday, retailers offer exclusive discounts on their Twitter, Instagram and Facebook pages. Sometimes, by coupling the Black Friday sales price plus the social media discount code, you can obtain some crazy discounts up to 70% off! So, make sure to follow your target retailers on Facebook and Instagram and, after you follow them, start watching for targeted ads which are often some of the best deals of the season.
TIP #5: DON’T PANIC PURCHASE
Black Friday and Cyber Monday often go hand-in-hand with a sense of panicked speed and fear of missing out on a huge deal. Making big purchases without taking the time to think them through can be a costly, expensive mistake. Don’t get swept away with retailer marketing hype like “Sale ends soon!” and “Limited quantities available!”. Take a breath and take a minute to really think about whether it is a good deal or not.
TIP #6: DON'T LIMIT YOURSELF
Black Friday and Cyber Monday are just the beginning of the peak shopping season! You are not limited to making purchases during these two days only. With retailers heading into their biggest season, they are going to work hard for your business from now right up until December 26th - and possibly beyond! So, if the item that you are hoping to purchase doesn’t drop to a low enough price on Black Friday or Cyber Monday, be patient. Keep an eye on your item for the next few weeks and chances are that it will go on sale at some point before the holidays are over.
TIP #7: ABANDON YOUR SHOPPING CART
If the idea of simply waiting and not purchasing your desired item makes you a little nervous, another great tactic is to put it in your virtual shopping cart (online, of course, not a real shopping cart!) and then leave the retailers site without purchasing. It’s a tactic known as abandoning your cart. More often than not, within 24-hours you should receive an email from the online boutique with a subject line similar to "Hey! Looks like you forgot something!" And, in that email, you will probably find a promo code for 10% off, 20% off, or even more!
TIP #8: SHOP SECURELY
It’s easy to get swept up into the online shopping craziness during these deal-crazed days. But it is very important to stay vigilant. Always make sure that you are shopping on a reputable, secure site. While chasing a great deal, if you find yourself on an unfamiliar retailers site, make sure that the site is secure and that the user-generated reviews seem credible and factual.
TIP #9: USE A REWARDS CREDIT CARD
Many credit cards offer additional bonuses when shopping at certain retailers or when buying certain products. And sometimes these bonuses are quite attractive. When making your Black Friday and Cyber Monday purchases, make sure to take into account the amount of cash back or rewards that you would receive if using the “right” credit card for that purchase.
TIP #10: TAKE ADVANTAGE OF DISCOUNT SITES
Don't discount the discount sites! There are many websites that are in the business of finding you coupon codes and deals. Sites such as Retailmenot.ca and ShopSavvy are great ways to find the lowest prices and use the best coupon codes for all your shopping needs.
As we head into the holiday shopping season, always remember that iCASH is available 24/7 for all of your holiday shopping needs. Whether looking to make a big purchase during the Black Friday and Cyber Monday events or to help with the costs of Holiday shopping, iCASH.ca is your one-stop shop for this peak shopping season!