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Black Friday vs. Cyber Monday

Black Friday vs. Cyber Monday

Black Friday vs. Cyber Monday

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Black Friday and Cyber Monday are important dates on the retail calendar that kick the festive holiday shopping season into overdrive. But what were once 1-day events now span several days, and the lines are blurring between where one promotion ends and the next begins. If you're looking for the best deals on affordable gifts, we've got everything you need to know about these mega-sales.
 
What Are Black Friday and Cyber Monday?
 Black Friday is the Friday immediately after Thanksgiving. It's a day when retailers slash prices so consumers have a chance to buy affordable gifts. Many of the big stores have doorbuster sales that often result in people camping out on the street to snatch up the biggest bargains.
 
Cyber Monday is the first Monday after Thanksgiving. It's the day when Internet retailers cut their prices to encourage online shoppers to buy gifts. If your feet are still tired from running around the sales all weekend, Cyber Monday is a chance to do a bit more shopping from the comfort of home.
 
What Makes the Sales Different?
 The main difference between the two sales is that Black Friday focuses primarily on in-store promotions rather than online discounts. However, while the sales in most brick-and-mortar stores are finished by the time Cyber Monday rolls around, online stores often get in on the Black Friday action. This means Black Friday is usually a much bigger event.
 
Another difference to be aware of is that Black Friday sales often last longer, as Cyber Monday sellers frequently run lightning deals. In 2017, 25 percent of Cyber Monday deals ended the same day, while only 16 percent of Black Friday deals were that short, according to data from DealNews.
 
Which Sale Has the Best Deals?
 While there are no restrictions on what retailers’ discount during each sale, it's generally the case that certain types of products represent better value on given days:
  • If your shopping list includes electronic goods such as televisions, laptops, and smartphones, or home goods such as coffee machines and dishwashers, you should shop on Black Friday.
  • Toys, games, clothing, and beauty products are the affordable gifts to go for during Cyber Monday sales.
While everybody looks forward to the sales, it's important to be aware that sometimes waiting until the day of the sale isn't the best plan. A 2015 report from NBC revealed that almost 20 percent of Black Friday sale items were actually cheaper the week before.
 
How to Get Everything on Your Shopping List
Back-to-back sales are fantastic when you've got money put aside for them. With so many great deals on offer, you might want extra cash to tick more items off your shopping list. Opening a short-term line of credit is one way to cover all your purchases, making it possible to get affordable gifts you might otherwise miss out on. At NiceLoans! we provide quick online applications for Flex Loans of up to $4,000. Apply today, and make sure you're ready to grab all the best deals during the holiday sales.
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