Daisy Watts
Nov 17, 2023
Since Black Friday is about to make a banging entry, brace to make the best out of this occasion if you’re a business person with a significant presence in the market of consumer goods.
Almost 99 per cent of businesses try to exploit Black Friday to break sales records, which leaves a pretty tighter spot for competitors.
However, there exist some easy-to-grab kinds of Black Friday advantages which even a roadside, small-scale store can benefit from in this digitally advanced age. But the condition is a strong online presence consisting of an easy-to-navigate website, social media pages, and the sort.
Let’s delve into the subject and uncover what business-oriented potential lies under the cloak of Black Friday.
Exploring the Black Friday benefits for retailer
E-commerce sales- Businesses can take their products to e-shopping platforms such as Amazon and eBay to reach local and international audiences as well. This approach could be specifically beneficial for small retailers that lack the capacity to establish complex business systems.
- In such times, people seek deals, and on the same days, some also opt for early shopping for Christmas, proving one of the best opportunities for e-commerce sales compared to others throughout the year.
- The digital age has paved an excellent opportunity for retailers to invest in and cater to customer-driven demands, and relish the perks of extra traffic to their websites.
- Businesses of all sizes can bring overstocked piles of seasonal items to the tip-of-sale displays, and lower prices to ensure they get sold. This helps retailers to get rid of slow-selling items, and make space to accommodate in-demand products that consumers will seek in the coming events like Christmas Eve and New Year.
- Enticing and capturing new customers can be difficult and costly, but Black Friday in the digital age offers you a chance to acquire new customers by targeting them with the help of push advertising endorsing big deals like buy one get one.
- If customers are acquired around Black Friday and kept happy, then you have a chance to drive more sales in the following months and beyond using a good post-purchase strategy.
