Black Friday 2019 - November 29 worldwide

Traditionally, Black Friday begins after Thanksgiving. Thanksgiving Day is a North American holiday celebrated on 4 Thursday of November. The Americans thank the Lord for the harvest that helps all the inhabitants of the country survive. A religious festival was founded in 1864 by President Lincoln. In the 21 century, Thanksgiving is more of a family holiday - the harbinger of Christmas and New Year.

Black Friday, in some way, is also a holiday. After all, only on this day do people on the entire planet have a chance to buy the necessary things in stores at a very attractive price. Moreover, goods are often sold below cost. For entrepreneurs, Black Friday is a great solution to get rid of illiquid goods.

Black Friday 2019: Preparation

Most interestingly, approximately 90% of sellers around the world use Black Friday to profit by tricking customers. For 1-2 weeks before the holiday, stores overcharge prices for a certain category of goods. And on the day "D" (black Friday) demonstrate an unprecedented discount. As a result, only the buyer is the loser. And an entrepreneur sells products with the same percentage mark-up.

And in order to prevent such a deception of ourselves, now we have to take care of precautions. We offer a ready-made solution - how to buy the right product at the lowest price.

 

1 step	Make a list of products that the buyer plans to purchase on Black Friday.
2 step	Go to 5-10 online stores and write out prices for each product. You should focus on the brand and characteristics.
3 step	Go shopping in your city and also write down prices for goods of interest.
4 step	Wait until November 27 2019 of the year is the day when all stores announce grand discounts on their products in honor of Black Friday.
5 step	Compare current prices with past and calculate discount percentage. Then you need to compare the% obtained by mathematical calculations with the indicated discount of the seller.
6 step	Identify the seller, honestly indicating the percentage of discounts and giving the lowest price.
7 step	Buy the right product, check for integrity (novelty, performance). Make sure you have a warranty card for the product.

 

Black Friday: the maximum benefit?

To some, such an algorithm would seem complicated. But only in this way the buyer is guaranteed to receive the required product at the lowest price (at cost or lower). Black Friday is a gift of fate for all entrepreneurs who want to get rid of illiquid assets and quickly convert goods into money. Therefore, the buyer can not relax. You need to clearly understand whether the seller is honest with the consumer.

Almost all entrepreneurs of the countries of the former USSR are predisposed to deception. Russia, Kazakhstan, Belarus, Ukraine - businessmen will not allow loss of profit. And one must be prepared for this. In Europe, the USA, and China, entrepreneurs are somehow more likely to relate to the lack of margin revenue. It is more important for them to free the warehouse from illiquid products and update the assortment with new goods. Maybe in the Slavic countries, someday there will be a revolution in the minds of businessmen. But it will not be soon.