The Black Friday is perhaps one of the most anticipated events of the year: the week when it is possible to buy products and clothing items with sensational discounts, ranging from 30% to 70%. During Black Friday 2020, over 40% of consumers reported that they bought discounted products exclusively from online stores, taking advantage of e-commerce and obtaining an average discount between 26% and 50% off the original selling price. But how can one prepare for this particular event of the year? Those who manage an online store know well how important it is to plan well in advance for the week most awaited by consumers, which in 2021 will fall in November, between November 26 and November 30, 2021 (Black Friday, traditionally, should last just one day, that is, Friday, but generally the discounts are extended for about a week, ending the following Monday: the so-called Cyber Monday). But what exactly is Black Friday? And how long does it last?

Black Friday and Cyber Monday: the most anticipated week by consumers

Black Friday, translated from English, means black Friday: a day that in the United States corresponds to the day immediately following Thanksgiving. For Americans, it is not a festive occasion, but since it falls right after Thanksgiving, it is experienced as a period of positivity, during which many schools and businesses are closed to the public to create a long weekend until the following Monday. The American tradition holds that Black Friday, as per tradition, lasts only for 24 hours: a whole day of shopping focused on convenience for retailers and discounts for shoppers. In recent years, however, a particular custom has emerged, especially in Italy: discounts are offered to the public for the entire week until the following Monday, called Cyber Monday. The latter is nothing more than a recent extension of Black Friday, which is no longer celebrated for just one day but until the Monday following Black Friday. Originally, Cyber Monday was created as a day dedicated to discounts in e-commerce, but over time it has been used interchangeably by both online and physical stores as a strategy to boost sales: today, merchants and retailers use both Black Friday and Cyber Monday to offer discounts and deals to their customers, under advantageous conditions for both.

The most profitable sales week of the year.

From a commercial point of view, Black Friday is somewhat considered the beginning of the Christmas shopping season, in Italy as well as in the United States. During the week of Black Friday, typically until the following Monday, physical and online stores offer customers deals and discounts for a limited time, even throughout the entire day. In Italy, driven by the original push of the American model, Black Friday has transformed into a tradition that has become increasingly popular: a recent study revealed that over 70% of Italians wait for the week of Black Friday to buy personal products and purchase Christmas gifts, considering Black Friday an excellent opportunity to save and buy quality products. Google statistics are also very positive in this regard: Google Trends shows us that consumer interest in Black Friday has grown over time, highlighting how in the days immediately preceding the event, and during the week of Black Friday itself, "Black Friday" is one of the most searched terms on search engines. But where does this tradition of discounts and offers for consumers come from? And how can it be leveraged in favor of e-commerce? Black Friday was originally conceived to encourage consumers to purchase Christmas gifts, which is why it is celebrated in November, just before Christmas. Department stores, physical shops, and e-commerce platforms offer their products at sensational discounts, thus attracting consumer interest. With the advent of the internet, particularly e-commerce, taking advantage of all the benefits of Black Friday becomes simple and convenient; it just requires planning this week in detail to maximize sales. But how can e-commerce platforms optimally prepare for the event?

Preparing for Black Friday and Cyber Monday: the most beneficial sales week for e-commerce.

The Black Friday and Cyber Monday represent two unmissable commercial events, not only for customers, who can buy their favorite products at high discounts, but especially for e-commerce businesses, which, if they manage to plan these events well in advance, can fully exploit their convenience, optimizing their sales. Black Friday, in particular, has become the event that allows many online companies to generate revenue more than the Christmas shopping period. To boost sales during Black Friday week, it is important to fully utilize all existing channels, including social media and relevant websites. The rules regarding this are: "preparation, perseverance, and promotion." The three fundamental levers that allow e-commerce to fully take advantage of the purchasing trend that consumers engage in throughout the week, including the following Monday. The first thing to update is the reference webpage of the online store: both to prepare customers and to inform them. This "strategy" should be completed even before Black Friday week, in the six or seven days leading up to it. It is essential that customers, both followers and non-followers of the page, become aware of the upcoming discounts, which is why it is important to carefully update the page of your online store, paying attention to details and the completeness of information (customers prefer clarity: it is better to specify the percentage of discount that will be applied to products, which will be discounted and which will not). Through careful management of the e-commerce site, customers will be encouraged to visit the site during those days to find the right purchasing opportunity for their needs. Online stores that use a webpage for customer communications can also take advantage of this channel by sending newsletters to subscribers well in advance: again, the keyword is planning. As the promotion days approach, it is also important to set up themed sales pages, especially on the homepage, where indications about discounts and active promotions should be present, preferably creating a dedicated section for Black Friday, divided into categories and subcategories. Since this is a period of special offers, e-commerce must fully exploit the advantages of online stores: customers should be able to quickly select the types of products they are interested in, which is why it is important to organize the sales website well in advance, ensuring that it is easy to use and has an extremely simple interface for product searches. The online store must be structured in such a way as to optimize sales, even after "Black Friday": for this purpose, it is important to set up simple navigation for any user, use bright colors, and flashing indications on ongoing promotions, so that the customer is encouraged to click, attracted by the sales page. The product must also be clearly described, highlighting the features and strengths of each product or service, making the reader aware of the convenience of the purchase (for example, a silk product or a piece of fine wooden furniture featured on the homepage, sold with a 70% discount if purchased on Cyber Monday). The keyword is promotion; it is necessary to organize in advance what to put on offer: during the Black Friday period, traffic on websites is significantly higher, which is why it is essential to leverage the potential of digital communication channels (throughout the entire week of promotions, it is important to maintain relationships with customers, responding promptly to their requests or difficulties encountered in the online shop). To boost sales, some online shops decide to start discounts even before "Black Friday," in order to attract customers' attention and enhance sales well beyond the simple Black Friday week (starting promotions one or two days earlier can indeed attract a greater influx of visitors). Again, the keyword is "planning": Black Friday week should be organized at least a month in advance, utilizing all existing channels: social media, webpages, e-commerce sites themselves, ads, emails, and television advertising. In all cases, it can be useful to set up newsletter sign-up forms in advance, in order to create ongoing relationships with old customers and inform them directly via email about the upcoming promotions.

Social strategies for e-commerce: a channel to fully leverage to boost sales and prepare in advance for Cyber Monday.

Preparing in advance for Black Friday and Cyber Monday means boosting sales during a period of 4 days, during which, provided that the e-commerce has managed to make the most of the planning, sales can skyrocket. Cyber Monday, as mentioned above, is nothing more than the Monday following Black Friday, during which discounts are mostly extended online, that is, from e-commerce (while Black Friday extends to both physical and online stores, Cyber Monday mainly concerns digital stores selling electronic items). It is a day when sellers promote the remaining products in this category, as the name suggests: phones, tablets, computers, and office supplies; the final 24 hours that mark the end of the ongoing promotional period. The date of Cyber Monday naturally changes from year to year, and in 2021 it will fall on November 29. The largest electronic e-commerce sites prepare in advance for this "last big day of promotions," often applying sensational discounts (up to 70%) and organizing the various categories on offer with a simple and intuitive interface, dividing them by category to facilitate purchases. Cyber Monday is indeed a day traditionally created to boost sales for online stores: e-commerce sites and digital retail outlets, a tradition that originated from an initiative by a U.S. association: the National Retail Federation, in 2005, whose main goal was to provide greater sales opportunities for digital stores. Today, Cyber Monday is widely exploited by physical stores and large shopping malls, still in the electronics sector. The same rules apply for this last day of promotions: one must prepare in advance to boost e-commerce sales. How? First of all, by customizing the home page of the online store at least a week before the much-anticipated Black Friday, the offers, and the emails, informing registered customers about the upcoming promotional period. The offer should not remain generic but highlight the significant discount that will soon be implemented by the online store. To better prepare for the last day of useful discounts, it is necessary to arrange the offers in an orderly manner, immediately notifying users about the offers that will be launched on the following Monday (setting up a flashing alert on the sales page can attract the attention of customers, both regular ones and those visiting the site for the first time). After "Black Friday," it is essential to focus on the new upcoming day of discounts and promotions, highlighting the new offers starting from the home page. This way, the customer will be encouraged to return to the online sales site, knowing well in advance the promotions that will be activated during Monday. A good way to prepare for Cyber Monday could be to devise strategies to encourage purchases, for example, by choosing to give away free products to those who buy on this day: the Monday following Black Friday. It may seem obvious, but giving away an item or applying a sensational discount to those who spend over a certain amount on that day (for example, a 50% discount on the second item purchased) can be a winning strategy for both the seller and the buyer: for the e-commerce first and foremost, as it boosts its sales by clearing out old stock. A great strategy to plan well ahead of the Black Friday week, in order to adequately select the items to give away or put on offer.

Author: Alessio Hocevar

Alessio Hocevar

DIGITAL MEDIA MANAGER

Doctor Alessio Hocevar, our expert in SEA (Search Engine Advertising), SEO (Search Engine Optimization), and SMO (Social Media Optimization), graduated in Communication Sciences and Technologies. He also deals with copywriting, email marketing, and video marketing. Certified in Google Ads Fundamentals and Google Shopping.

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