Black Friday and Your Small Business

November 23rd, 2009

Surfing the WEB for tips to make your company stand out on Black Friday

Think of Black Friday as an opportunity to bring in new customers by offering a few good Black Friday and Cyber Monday deals. Not only will this kick off your holiday season on a positive note (and hopefully add to a healthier bottom line) you can take advantage of the fact that people will be shopping online and therefor traffic will be stronger on these two days.

Since Black Friday is all about promoting your business and selling more, here are several ideas  to help you plan a killer selling day (or days).

Be sure to grab your share of sales

The average Black Friday corresponds to around-the-store lines before the sun rises.  Now, of course, we seem to be in a recession, but that may make November 28th an even more profitable time for every business that has something to sell.

Insane deals tend to get people moving on Black Friday, and folks who would prefer to get some sleep may join the mobs due to their financial situation.  Like major retailers, you can try to draw them in by offering big discounts on a few items, and then see what else they spend while they’re in the store.

Read the rest of the Black Friday Boom Forecast here: http://www.smallbusinessnewz.com/topnews/2008/11/17/black-friday-boom-forecast

Small Business Can Make Big Plays on Black Friday

Black Friday is like the Super Bowl. It’s a huge event that draws millions of people. But only the big boys get to play on the field. People like you and me only get to watch.

At first glance, Rafi Mohammed seems to reinforce that with his advice for retailers to woo customers with steep discounts on Black Friday. He encourages retailers to use loss leaders to welcome people back from discounters.

For anyone tempted to compete with the big boys on price, this is a pretty good reason to abandon that strategy. It also looks like a pretty good reason to stay in bed Friday and let the big retailers deal with all those people.

To read more visit http://mainebusiness.mainetoday.com/blogentry.html?id=16424

Black Friday Bargains for Small Business

Black Friday — and the following Cyber Monday — can also be a great time to go shopping for your small business. Just ask Rhonda Abrams of USA Today. She suggests the following:

Strategies for successful small business Black Friday shopping:

1. Make a list of stuff you really need. Don’t buy just because something’s cheap. It’s tempting, I know.

2. Check to see which version of Windows 7 you need. If you have a server you’ll need at least the Pro or Ultimate edition. Upgrades are very expensive so buy the right one.

Read the rest of the article “Black Friday Bargains for Small Business” at USA Today ~
http://www.usatoday.com/money/smallbusiness/columnist/abrams/2009-11-20-black-friday-bargains-for-small-business_N.htm

Over at online betting zone Bookmaker, they’ve put out their oddsmaking team’s predictions. The majority of the team says between 161 million and 180 million of us will hit the stores and websites on Black Friday, and we’ll spend between $300-$400 per shopper. Second-best odds were for 131 million to 161 million shoppers spending $250-$300 apiece.

To read what else they have to say read Black Friday and Cyber Monday…Will They Rock? on the Entrepreneur.com blog here http://blog.entrepreneur.com/2009/11/black-friday-and-cyber-mondaywill-they-rock.php

And if you happen to be out shopping on Black Friday, here’s a few tips for you:

Make list: In any shopping maneuver, a list can help you plan ahead and shop more efficiently. Look through sales fliers and check out www.black-friday.net for information on which stores are offering what deals. Then you can prioritize the items on your list, and plan out a route according to what is most important to you. Also list any coupons you have that can be used to further reduce the prices of desired items.

Visit the store the day before Thanksgiving: After you know what you are looking for, visit the stores ahead of time. Familiarize yourself where the desired items are located in the store. Make friends with a sales associate to find out if there will be additional discounts, or if you can reserve something ahead of time (for most doorbusters, though, associates aren’t allowed to do this).

Read the rest of Holiday Shopping: Tips for Black Friday and Cyber Monday here:  http://www.moolanomy.com/2135/holiday-shopping-tips-for-black-friday-and-cyber-monday-mmarquit01/

While you are at it, read 10 Fascinating Facts about Black Friday http://www.pcworld.com/article/182224/10_fascinating_facts_about_black_friday.html

Entry Filed under: Event Marketing, direct marketing, eCommerce