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Karen Urquhart 5 min
Nov 2, 2022Black Friday is right around the corner, which means consumers are gearing up for their annual shopping extravaganza. It’s a known fact that retailers offer some of the best deals of the year on their products on this day and savvy shoppers are ready and willing to spend to get a piece of the savings pie. Black Friday is one of the busiest shopping days of the year, with American consumers spending $8.9 billion online in 2021, and it's crucial that retailers take the necessary steps to make sure they are prepared. For many businesses, Black Friday planning started months ago, but if last minute planning is more your style, here’s your guide to creating an efficient and effective strategy for a successful Black Friday.
Customers expect good deals on Black Friday but that doesn’t mean you have to offer deals that aren’t feasible for your business just to appease the masses. There are tons of ways you can participate in and give valuable deals to your customers on Black Friday without destroying your margins - it's just a matter of figuring out what the best fit for your business is. Some simple but effective options include:
Offering limited time deals on and around Black Friday is an incredibly effective way to create urgency and encourage customers to complete a purchase. But, what good are promotions if they don’t actually work? That’s why it’s important to set up and test your promotions or coupons inside your Commerce7 tenant before Black Friday rolls around. Ensuring your promotions and coupons work as intended will give you peace of mind, decrease abandoned carts and provide your customers with a seamless, hassle free shopping experience.
While planning and setting up your promotions in Commerce7 are key factors to your Black Friday success, it’s equally (if not more) important to get the word out about your sale! Consumers love a good deal, and want to take advantage of one when it comes their way - especially around the holidays. Black Friday is notoriously lucrative for businesses, with online retailers generating 250% more in sales than any other regular weekend. With that said, you shouldn’t expect sales to come flooding in without putting in a bit of extra effort. A well thought out marketing strategy is a must if you want to see a robust increase in sales.
Happy selling!
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