It's that time of year again for eye-popping Black Friday deals. Black Friday is traditionally one of the highest-grossing selling days for many retailers. There is no reason to believe that this year will be any different.
However, as with many things in life, making the most of these sales will require some kind of strategy. That's where we come in with 5 cool tips for finding the best deals.
The concept of Black Friday has been around for several years even before it was ever called by this name. It refers to many retailers earning so much on this day that they are "in the black" for the rest year, which means that this one sale event can result in a business registering a profit for the rest of the year.
Top 5 Tips for Finding the Best Black Friday Deals
1. Make a List with a Budget
Although there will be mouth-watering deals in abundance on Black Friday, it's probably for the best if you make a list beforehand of items that you'd like to get. If you don't do this, there is always a chance of overspending.
Decide on the amount of money you are willing to spend as well and if your purchases come under this amount, you can either spend the remainder on additional items or put it in savings.
One of the other major benefits of using this targeted approach is that it will allow you to track down different retailers that might be selling your desired items more quickly. Without a budget list, there is also the possibility of aimless wandering, which wastes time.
The thing about Black Friday is that not every deal lasts forever. If you come across a time-specific deal early and it lines up with your list, there is a good chance that the price will be highly competitive. If it lines up with your list, this is probably one of your better options price wise.
If you see something that you like, check to see if and when it'll expire. In any case, due to the large volume of shoppers on Black Friday and Cyber Monday, you should purchase your desired items as quickly as possible to avoid that 'out-of-stock' banner. The key is to be on the lookout.
3. Know the Terms And Conditions for Product Returns
This happens pretty often. You may end up not being satisfied with your product and need to return it. When making your purchase, always check to see if product returns are allowed.
While this isn't something one needs to worry about most of the times, you don't want to be in a position where you put out cash for a potentially faulty item and then can't return it.
The early bird catches the worm. This stands true for the best Black Friday deals.
In many cases, retailers will offer even better pricing on so-called early bird special offers. These can also save you some more precious dough.
5. Don't Ignore Paper Flyers
There are plenty of paper flyers being distributed at this time of the year, promoting Black Friday deals. Don't throw them away, especially during this time! Take the time to actually go through them and you might just find some excellent deals that you may not find online.
While the trend these days is for a large portion of Black Friday shopping to take place online, don't rule out brick-and-mortar stores completely despite the possible inconvenience of having to interact with a large crowd.
In fact, if there is a 'pay online and pick up in store' option for the retailers, you should consider giving it a try. You have the convenience of making the purchase online and pick the item up as per your convenience. There is usually a pickup counter inside the stores designated for these kinds of purchases, which allows you to skip the regular queue.
One wise word of advice for everyone shopping online and/or in brick-and-mortar stores, be safe. Watch out for deceitfully-worded ads in both the realms. For those of us going into the physical stores, avoid confrontations with other customers over items.
Guys, if someone else got that heavily discounted TV first, please ... please let them have it.
With that being said, happy shopping on Black Friday and Cyber Monday!