Black Friday is approaching fast. You must be thinking of different ways to save money while getting your entire shopping list done. Have a look at this top 8 Black Friday myths to know when you are being hoodwinked and prevented from getting the best possible prices for the products you want.
1) Black Friday sales start on Black Friday: Most of the major retailers start their Black Friday sales as early as two weeks before the actual day. In fact, some of the deals will be sold off before Black Friday. Want an example? Just consider Amazon.com, who will launch Black Friday offers starting on November 19.
2) Doorbusters are adequately stocked: As most of the doorbusters are exceptionally low-priced to generate sales and traffic, most retailers have a very limited stock of these products. Consequently, only first few shoppers get to grab them. To understand this better, let’s take Best Buy’s 2014 Sharp 42” HDTV deal, which was priced for $199. The store, however, had only guaranteed 10 units per store.
3) You need to camp out of the store for the best deals: If you are planning to buy a popular doorbuster, being first in line won’t guarantee that you will grab the deal. However, you can find the same deal online most of the times. As a matter of fact, in 2013 70% of in-store Black Friday deals were available online for the same price, if not less.
4) In-store Black Friday shopping is violent: Contrary to what you see in random shopping videos and read in news, majority of the Black Friday shoppers aren’t overly-aggressive. The shoppers, in fact, say that they experience a sense of camaraderie while waiting in line. So the worst thing you will face during Black Friday in-store rush is large crowds and messy inventory.
5) Every Black Friday sale is the lowest possible price: Yes, many Black Friday deals offer the lowest prices but when it comes to toys, branded HDTVs and winter apparel, you should wait for sometime. Toys witness deepest discounts just before Christmas; HDTVs are lowest priced between December and February; and winter apparel sale are best after Christmas.
6) Black Friday prices are unbeatable: We have been seeing this since last few years. Most of the stores match competitors’ prices better sooner or later. In 2013, Amazon, Best Buy, Home Depot and Meijer not only matched competitors’ prices but they designed better deals.
7) All the best Black Friday deals are printed in the ads: Few retailers like Walmart and Best Buy advertise additional Black Friday deals on Thanksgiving Day. So find these secret deals online before you visit brick-and-mortar store on Friday. You may even find competing retailers declaring last minute discounts.
8) You might not find Black Friday deals on designer and luxury goods: Although Saks Fifth Avenue and Neiman Marcus participated in Black Friday sales in 2013 – breaking age-old tradition of skipping it – don’t hold your breath to find similar deals on other designer and luxury brands. At the same time, there are high chances that you may witness special promotions from their outlet branches.
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