Black Friday Part I: The Biggest Sale of the Year on the Day after ThanksgivingSubmit to del.icio.us | digg it! | Submit to Slashdot
Note: I’ve revised this article to a higher quality because of all the traffic it has been receiving lately.
Here in the United States, the biggest sale of the year seems to be the day after Thanksgiving, dubbed “Black Friday.”
The etymology of the name, “Black Friday,” has an interesting history. At the end of the year, companies often found themselves in “the red.” Their business ledgers showed negative profit. In a desperate to get in “the black,” an end-of-the-year profit, businesses staged huge sales the day after Thanksgiving to lure customers into buying for Christmas. Now, this practice of getting in the black is uncommon. Today, the sales are usually a social expectation for companies. Since society expects these sales, spending is doubled the day after Thanksgiving. Smart businesses will get a cut from this increased spending.
What This Means to You
Black Friday is the best time to buy gifts for Christmas. Prices are at an all-time low. Though, it is important to note that while some prices for popular merchandise are slashed, prices for other products in the store are raised. Companies do this to make up for the money lost to the popular sales.
Because of the popularity of this day, it is important to carefully plan shopping. Look at the newspaper circulars released on Thanksgiving Day or the day before Thanksgiving. There are many sites that host leaked insider circulars early. The main site is Black Friday - The OFFICIAL Site for the Hottest Day of the Year. There other similar sites (look at my articles listed on the left side of this page), but most contain the same things.
Remember to be early. People wait outside stores at 3 AM just to get a good sale. Sometimes they camp outside the day before. At the very least, be there an hour early. Though, 2-3 hours may be required to avoid being at the back of the line for a really great sale.
I recommend the method of “divide and conquer.” It is important to bring somebody with you. A buddy is good for company and for support. A buddy is helpful to make sure you can take every advantage of a sale. Additionally, if there is more then one store that has a really good sale, you could split up.
The day is in about a month so BE READY! It is not too early to start planning.
Read my articles on left side of this page to find out more tips and information about Black Friday.
Posted on Sunday, October 23rd, 2005