Advantages And Disadvantages Of Cyber Monday

According to MarketLine, the world online retail market expanded by almost 18% in 2010 and is predicted to reach close to $435 billion in sales. The market is expected to reach a 90% growth by 2015 and exceed $827 billion in sales. Listed in an article “Ecommerce Growth Statistics”, the average amount spent by each consumer is expected to rise from $1,207 per year to $1,738 per person by 2016. That is a significant increase. That shows that people prefer to shop online than going to the actual store in today’s society. Shoppers will spend on an average of $327 billion online shopping in 2016, which is about 45% from $226 billion in 2012. It is very evident that consumers will drive ecommerce into the future; especially e-retail. In just a few years, purchases online will be more profitable than ever, with others products and services available to purchase such as mobile and social allowing consumers to shop to their convenience. For retailers and

Retail shopping provides a great experience for the consumer, and can be better than internet shopping in some ways. When retail shopping, you can actually touch the product, and see it with your own eyes. This provides reassurance to the consumer that the product is the quality that they intend to buy, and can trust the store. Normally, if an item is boxed, the store will have a show model that potential buyers can interact with and base their decision of whether to buy it off of the functionality and price of that item. Retail shopping also allows the consumer to pay with cash, an option that internet shopping does not feature. This means that people can only pay for things with the money they have, and avoid credit build up on credit cards. On the other hand, some say retail shopping is not as good as internet shopping.

The point of sale assessment depends on the consumer’s perceived shopping motives. Shopping motivation represents a fairly mature reach of research. Many retailers consider smart shopping comprises high sensitivity on process. Smart shoppers are always keen on getting a discount. Shopping on Black Friday is the consumer’s motivation. It gives them the excitement of the game. (look for competitive) Its part of the mystique, shoppers can celebrate their ability to get the best deals.

As Black Friday has progressed along with retailors marketing their products and their sales, it has become a national day of shopping to get the best deals. Americans mainly go shopping on this day to get huge deals for Christmas presents. Stores have even taken this great opportunity to open their establishments for 24 hours. Just last year, consumers spent a whopping $57,400,000,000 with each consumer individually spending $410 on average. The #1 retailor customers purchased from and camped out at was Best Buy. All of the statistics are based on 2013 and this year was projected to be an 11% increase.

“It’s The Most Wonderful Time of The Year”, they say. The Friday after Thanksgiving is the beginning of the shopping season; one of the busiest seasons of the year. It’s one thing having to be in crowded mall areas but it is another to be jumping on one another fighting over special gifts. There's a much simpler way; instead of going out, dealing with rough crowds, and having to wait long periods of time you could shop at the comfort of your home, online.

Online commerce was introduced to consumers in the mid-1990’s, and in the years since, it has grown exponentially. It started out virtually nonexistent and has become a multi-billion dollar industry. Nearly every retail sector has entered online commerce; clothing, electronics, home, health and grooming items, even food and groceries are starting to gain traction online. Online commerce sites rival traditional brick and mortar stores such as Walmart and Target, as well as other big-box stores. As online retailers such as Amazon continue to expand, many brick and mortar stores have been making their way online, indicative of an increasing movement towards online commerce. With more than 80% of the online population having made an online

They would prepare extensive lists with huge discounts and make them public in order to allow the individuals to make plans and set aside a budget. Another phenomenon linked with this event is Cyber Monday, which has been invented in 2005 to describe the bargains that were found on online websites after Black Friday and Thanksgiving. One more day has come to be known as an online shopping day, namely Singles Day, promoted by the huge Chinese online retailer Alibaba, which, in 2015, became the biggest online shopping day in history, Chinese consumers spending

Realize and contend with buys you can relegate with on this occasion back Friday having correct deals that are sensible and worth the use. Make purchase of all items you have confirmation to relate with through a web store and select as persistent access and ways to buy easily. Secure and acquire where a meticulous usage of Target back Friday coupons has concessions for you online.

Make best preparations as a means to acquire buys with web methods and proper access which is necessary. See to it the use of discount online access with an arrangement of cut rate item access you always buy with on web. Online shopping has become the plight of the shopping world and there is betterment getting practiced. See seasonal sales having profits for you in buys which

In my perspective I don’t need to shop until the 15th of december because that me gives about ten days until the 25th.But then again here comes the black friday deals again that happen before the days of joy and happiness begin. The national retail federation conducted a survey that affirms that 41% of americans begin their shopping before halloween.They also said 4 in 10 people that want to get a jumpstart on their holiday shopping can do so without seeing a santa claus sticker in the window.According to internet retailer 50.1% of online shoppers begin their online shopping in mid to late-october. Ashley hopkins also author of article, states “In late october and early november,give the christmas decorations a rest. Let the aromatic wafts of pumpkin-spiced lattes ease the seasonal transition before dumping fake snow on the counter

Online purchasing is becoming more and more practical thing for contemporary customer. It is explained by high internet penetration in every country, lower cost than in retail network, door to door delivery. Internet plays an important role nowadays; therefore it creates a new market, which sometimes is quite difficult to measure. Online shopping is different from the B&M shopping due to the fact that there is no physical presence of goods, from other standpoint internet is able to sell way more services and motivation and decision making process directly connected to the feedbacks.

Online shopping and in- store shopping are different in various ways. Online shopping has become an increasingly common staple of life in the 21st century. It is popularity can be credited to the fact that convenience highly valued in our world today. Online shopping is most convenient for individuals that don’t have time to go to the store. If you’re busy with an online job or online classes then online shopping can sometimes be more convenient. It’s also convenient since you don’t have to drive, catch the bus, wait in a long line, or deal with not being able to find item. All you have to do is type in the item you are looking for and it’s there. Once you find the item, you can order it anytime because online stores never close.

In addition, a huge benefit of shopping online is that it allows product and specification comparison so you can purchase what you need and pay less. Online stores have a lower overhead than the traditional stores offering better deals, and the consumer is able to find the product they want at a better price. In traditional brick-and-mortar stores, sales have limited quantities at hand, but online stores are able to keep a bigger inventory giving online shoppers more opportunities to find a bargain. In fact, shopping at several stores at the same time guarantees the consumer the best deal. Shopping online is simple, and finding the right product is easier. If you are shopping for a digital camera at the store it might be a little overwhelming to see the camera selection with so many specifications. Sales representatives can sometimes be misleading in an effort to make the sale. Online side-by-side product comparison will allow the consumer to

As a result, Black Friday use to be just one day, but over the past few years stores have started opening earlier and earlier on Friday, and even going so far as to open on Thanksgiving. With this in mind, now that this faux national holiday stretches over several days, does this also mean consumers are spending more than the previous year or giving them more options to save money? Consequently, many have shown their displeasure by keeping their businesses closed on Thanksgiving Day, consumers are boycotting stores, starting online petitions and even workers going on strike(Tuttle, Tis the Season)?

The purpose of this research is to examine consumer behavior on Black Friday. Black Friday is typically the busiest shopping day of the year, and it is all driven by the chance for consumers to save the most amount of money possible while getting their holiday shopping done. Research was done online, and also through personal experiences. By understanding what retailers and consumers hope to accomplish on this day can have a positive impact on everyone. Consumers are able to get what they want with the least amount of turmoil, and retailers are able to turn a profit. This research can be most helpful to merchants, as it will help them to understand what a consumer