One of the biggest shopping periods of the year is the day of Black Friday which usually extends to the following Monday, dubbed Cyber Monday. During this period, Retailers slash their selling prices and offer consumers a lot of discounts on some selected products.
Most of the retailers who partake in this yearly event are online shopping sites as the event is mostly online phenomena. Although many retailers offer Black Friday deals in their Physical Store, Cyber Monday like the name suggests, has always been an online thing.
So what is Black Friday and Cyber Monday? How do they Begin? And when is it coming up? Here are some explanations I found.
What is Black Friday?
I found quite a few explanations on this but the most common is this; Black Friday is the Day after Thanksgiving in the United States, where it all began. This day, though not officially a holiday, is usually set aside as the beginning of the shopping season for Christmas. This is always marked with a surge in the numbers of shoppers. As a result, some employers – in the US – give a day off for their workers.
Why it is called Black Friday?
The first known mention of Black Friday was in November 1951, when it was used to describe the issue of people calling in sick after Thanksgiving day so they could have a day off work. At the same time, the term was used by Bus drivers and Police in the US to describe the heavy traffic that occurs on city streets, the day after Thanksgiving as shoppers make their way to retail shops.
A more positive explanation was given by business owners, as the prevailing one connotes a negative tone. They presented it as the day of the year when retailers finally begin to turn in profits for the year. Usually, in accounting, Red ink is used in recording a loss while Profits were usually shown in black ink. Thus, the reason for the name, Black Friday.
When is Black Friday?
Since it comes up on the Friday Immediately after Thanksgiving in the US. So this year, it officially comes up on November 26, 2019.
However, in countries like Nigeria, some of the biggest online stores like Jumia start their own very early and extend it beyond the days. This gives you ample opportunity to buy at great discounts. Here is a link to all the amazing discounted products for Black Friday on Jumia
So be Prepared to Shop now!!!
What is Cyber Monday?
Cyber Monday is the Monday following Black Friday. As the name implies, most major retailers who partake do this exclusively online. The term was coined in 2005 by Ellen Davis and Scott Silverman, as a deliberate attempt to promote online shopping when the internet was still not as popular. Thus the Name ‘Cyber Monday’.
Cyber Monday is actually an extension of the traditional black Friday. An avenue for those who are too busy to shop physically at stores, or want to avoid the crowds on Black Friday. It is a popular day with online shoppers who scout online stores for many great online deals in the comfort of their homes.
When is Cyber Monday?
Cyber Monday will be the Monday immediately after Black Friday, Thus for this year, it will on December 2, 2019. So start to watch out for great deals on your favorite online stores!!!
Are Black Friday and Cyber Monday deals Real?
If you have wondered if those crazy deals are Real, then you are not alone. So have I. Well the answer to that is YES, they are. Surprising isn’t it. But you may wonder how does it work and how can those stores afford to sell at those somewhat ridiculous prices?
How Does it work?
The secret lies in the fact that such discounts have been negotiated in advance with the suppliers, so don’t be deceived into thinking that they are spontaneous as the sellers want us to believe. Some products are also ‘end of line stock’ (Items that a supplier/manufacturer wants to get rid before closing down or switching over to another product), thus the reason for its great deal.
Don’t forget, one of the biggest online stores in Nigeria, Jumia is making all Fridays in November a Black Friday starting on the 8th, so buckle up. Click here to get a peek at some of the amazing offers.