
Image credit: http://www.flickr.com/photos/cerealfan/111623021/
Only two days left for Black Friday. For the last eighteen years, I have scanned Black Friday ads in the local news paper, delivered on Thursday, for killer deals. But I could never go to the store before 11AM. By that time, Black Friday shopping was half over for lots of people and I did not get a deal.
I am surprised to know that many people in this country don’t know what is Black Friday. Black Friday is the day after Thanksgiving. The urban myth is that retailers were in the red through out the year and made their first day of huge profits on the Friday following the Thanksgiving day. That is the day when their books went from red to black. Hence, it is called Black Friday.
It is one of the busiest shopping day in the US. People start forming lines in front of some large retail stores around 1:00AM in the morning for big sales.
The most popular Black Friday site is www.bfads.net. Other Black Friday sites are: blackfriday.gottadeal.com, www.black-friday.net, www.blackfriday.info. These sites will have all the Black Friday shopping ads of big retailers a few weeks before the Black Friday.
The number of visitors to Black Friday sites increases on the first week of November and drops to almost zero by Cyber Monday. Cyber Monday is the Monday immediately following the Black Friday. It is the online equivalent of Black Friday.
If you want to take advantages of Black Friday, here are a few tips for stress free Black Friday shopping.
1. Know the Black Friday Deals. Get the local news paper from your nearest gas station. It will have all the Black Friday ads of all local retailers.
2. Make a List. Check all the ads and write down the things you need. Don’t get tempted by the deals. If you don’t have any idea how often you are going to use the product, just forget it and save your money.
3. Compare Prices. Check out some price comparison sites like bizrate.com, pricegrabber.com, shopping.com to determine if the deals you are interested in are really good bargains. Also check out this year’s ultimate black friday deal guide.
4. Keep the Return Option Open. Check out the store’s return policy. It is not a problem for most stores and for most items. However, some stores, e.g. Best Buy, will charge you a stocking fee for certain items, like a computer. Most stores have stopped doing price matching for Black Friday deals. If you plan to buy an item a week before and want to get the difference in price on the Black Friday deal, it will be harder.
5. Avoid Cash. Use a credit card for all purchases. If you later decide to return an item, the retailer will credit the purchase price to your card. Retailers generally don’t refund cash immediately for big ticket items. You have to wait a couple of weeks to get a check in the mail. Some credit cards also extends the manufacturer’s warranty. This is an added bonus. Of course, do pay your card in full before the due date to avoid high interest rates.
6. Avoid Crowds. To avoid crowds, you can also check out those items you want to buy in the online store of the retailers. Sometimes, you will find almost the same deal.
7. Don’t Buy. For the last of couple of years, I have been checking out all the Black Friday web sites for Black Friday deals. Though every year I find a couple of deals, I was never successful in making a purchase because either I did not want the item or by the time I went to the store the item was sold out. You can use the same technique and go to the stores after 3PM. All the deals will be gone and you will save your money.