Ahhhâ€¦ Black Friday. The day after Thanksgiving where most retailers open early and offer highly-discounted items to kick off the holiday shopping season. Or the day when shoppers run amok during the wee hours of the morning in the name of holiday cheer. Whichever definition you prefer.
For some people, Black Friday is totally worth the money-saving hype, andÂ for some itâ€™s not. For us, we look forward to Thanksgiving night where we browse through Black Friday store ads and map out our game plan for execution. To help you decide whether to partake in the Black Friday madness,Â weâ€™veÂ outlined a few tips and ideas to see if itâ€™s worth your while.
Key strategies that most retailers follow are competitor price-matching and placing their hottest items on the front of their Black Friday ads. This practice draws larger crowds and anticipates higher revenues year-over-year. The downside of this for most consumers is that these items are usually limited per store. For example, a store may only have 10 televisions to sell at an unbeatable price. If youâ€™re not one of the first to purchase a particular item, youâ€™re out of luck. To make sure youâ€™re one of the ones to get the most out of this Black Fridayâ€™s sales, here is is what weâ€™d advise.
First, avoid the crowds by making your purchases online. Most major retail outlets allow consumers the option to shop via their website. While shopping online, remember to use a major credit card and not a debit card to prevent identity fraud. Most banks will replace funds that were unauthorized out of your account, but you may have to wait as long as a week before your funds are replenished. A credit card company can release you of responsibility ofÂ fraudulent use by the time your next bill is due. (Please note: we do not promote using credit cards unless you pay off the balance in full to avoid finance charges.)