The Friday after Thanksgiving through the following Monday is the busiest holiday shopping week of the year. Black Friday Cyber Monday (BFCM) allows shoppers to benefit from some of the finest online discounts of the year from the comfort of their own homes thanks to the ease of the internet.
The next deal is only a few clicks away, so there’s no need to wait in agonizingly lengthy lines at retail stores when there are so many direct-to-consumer stores to pick from.
To know more about this exciting day of the year let us just dive into the blog. By the end of the blog, you will get a detailed analysis of BFCM.
What is BFCM?
When everyone has finished their Thanksgiving feast and the dust has cleared, BFCM, a blockbuster internet shopping weekend, starts. Having a specific buying opportunity where incredible bargains are on show is, in essence, what this event and the BFCM signify.
Cyber Monday always falls on the Monday following Black Friday, which is the day after Thanksgiving. Considering where it falls on the calendar, it’s the perfect time of year when people are beginning to consider what to purchase for their friends and family for Christmas and other Fourth of July parties.
As the final significant shopping day of the year, Cyber Monday comes after Black Friday and focuses heavily on online-only bargains.
Why then should you pass up these exclusive holiday sales events?
These are recognized as THE GREATEST sales events that occur annually for brick-and-mortar and even online retailers. Millions upon millions of customers would participate in this confluence of significant sales occasions, with the most recent estimate of online shoppers reaching more than 186 million in the BFCM of 2021.
How well do the sales happen during this time?
Are you prepared for the busiest sales week of the year with your online business? Black Friday and Cyber Monday present a significant income potential for internet retailers, especially as more consumers purchase online. Due to disturbances in the global supply chain this year, inventory management has remained a significant concern for retailers. The good news is that selling your product should be simple if you have it in stock and have the necessary tools and a plan in place.
Are you prepared for the busiest sales week of the year with your online business? Black Friday and Cyber Monday present a significant income potential for internet retailers, especially as more consumers purchase online. Due to disturbances in the global supply chain this year, inventory management has remained a significant concern for retailers. The good news is that selling your product should be simple if you have it in stock and have the necessary tools and a plan in place.
We get you 3 most essential tips to implement this year at BFCM to enhance your sales!
Feature your discounts on your landing pages
At every contact point, including your online storefront and pre-launch websites, your clients should be able to locate your deals. In the days and weeks preceding the event, promote upcoming promotions to pique your customers’ interest. Also, it puts you one step ahead of the opposition. The page provides clients the chance to discover more about your BFCM offerings and serves as a lead-generation platform for gathering contact details.
Promote your shoppers by sending personalized texts and emails.
Eight in ten customers are more likely to purchase a business that offers tailored experiences, and nearly 3 in 4 customers claim they only interact with individualized communications. Competition is strong throughout the Christmas shopping season, so distinguishing out is crucial.
Many methods exist for customizing your marketing, such as user-based landing sites, SMS messaging, behavior-triggered emails, and others. Personalized offers and incentives are a terrific way to re-engage lapsed consumers during sales events.
Capture multichannel influencers.
Influencers are a terrific method to increase your exposure across several channels since consumers prefer to feel like they found a product on their own. This year, add a new platform to the mix and move beyond Instagram influencers.
With over 1 billion users globally, TikTok is a potent marketing tool. According to data, influencer engagement rates on TikTok are far superior to those on Instagram. In comparison to 3.86% on Instagram and 1.63% on YouTube, TikTok micro-influencers had an average engagement rate of 17.96%, according to Up fluence.
BFCM in Amazon
Consumer expectations are being met by digital experience innovations. Amazon was a major player in the digital market; Cyber Monday was their busiest shopping day ever, and “hundreds of millions” of items were ordered throughout the weekend.
Promotions and strategies on Amazon during BFCM
Whether it’s one-day shipping or offering free Whole Foods delivery to Prime Members, Amazon has made a point of putting the needs of its customers first. In line with that philosophy, it is a great practice to offer customers a compelling deal from Black Friday through Cyber Monday. After the Black Friday weekend, Amazon maintains its pace with Holiday Deals starting the week of December 16th and limited-time offers lasting for two weeks after BFCM.
The most effective promotions, whether they were conducted internally through Amazon Advertising or outside through email marketing and social media, were those that were accompanied by assistance. Amazon Advertising encouraged promotions, which were the means through which the company’s highest-ever sales were attained. Almost 40% of all purchases among our clients throughout the four days were attributed to Amazon Advertising.
With so much noise and competition on the channel, businesses that boosted their efforts with internal search marketing initiatives stood out. Looking closely at Amazon Advertising, Cyber Monday had the best volume performance. Cyber Monday saw the biggest brand demand as customers switched from in-store purchases to taking advantage of online sales. The majority of sales were driven, as was to be expected, by sponsored product ads, then by sponsored brand ads.
Customers are happy with the offers and the overall shopping experience, as seen by Amazon’s phenomenal increase over BFCM year over year. The bottom line may expand faster and revenue can be increased by strategically investing in and activating the channel. Get in touch with us to discuss sustaining your company’s Amazon strategy in 2020.
BFCM in marketing – How did it acquire its market?
High sales are a result of effective marketing techniques during BFCM. You must concentrate on marketing if you want to sell merchandise and outsell your rivals. According to an e-commerce specialist, you can use the following marketing strategies.
- Make a package with your product, to attract your target audience.
- Create a quality landing page that will enhance your viewership of the website.
- Use social media to increase traffic.
- Give hourly discounts – as it’s one of the popular ways to grab attention
- Develop original gift ideas.
- Give away gifts- freebies.
- Always increase your sales to interact with additional clients.
- Make eye-catching product photos.
- Keep consumers informed through email- always make them updated so that they remember whenever you have discounts.
Conclusion.
The biggest retail event of the year is about to start. There is no guarantee that your website will profit even if it is predicted that online holiday sales will soar.
The performance and speed of your mobile site, multichannel promotions, shipping, contingency plans for stockouts, and unanticipated issues are all things that need to be considered in your robust strategy.
We hope you can maximize your store’s profits during this year’s shopping festival.
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Great job on your blog post! The content was informative, and I appreciated the practical examples you provided. To delve further into this topic, click here. Thank you for sharing your knowledge!
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