{"id":1978,"date":"2016-12-07T00:05:10","date_gmt":"2016-12-06T18:35:10","guid":{"rendered":"http:\/\/www.intelligencenode.com\/blog\/?p=1978"},"modified":"2025-06-18T14:27:06","modified_gmt":"2025-06-18T08:57:06","slug":"is-cyber-monday-the-new-black-friday","status":"publish","type":"post","link":"https:\/\/preprod_www.intelligencenode.com\/blog\/is-cyber-monday-the-new-black-friday\/","title":{"rendered":"Is Cyber Monday The New Black Friday?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A generation ago, the mall was an inevitable stop on the holiday shopping journey. Now, many consumers finish their shopping without ever listening to the drone of Christmas music, seeing giant sale signs, or fighting for their place in line. <\/span><a href=\"\/blog\/how-to-get-your-ecommerce-store-ready-for-cyber-monday-black-friday\/\"><span style=\"font-weight: 400;\">Cyber Monday is on track to become the new Black Friday<\/span><\/a><span style=\"font-weight: 400;\">, and the longstanding Friday shopping tradition may soon be a relic of the past. <\/span><span style=\"font-weight: 400;\">The right eCommerce pricing strategies<\/span><span style=\"font-weight: 400;\"> are increasingly important for online sales, particularly in the days after Thanksgiving.<\/span><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">In 2015, consumers <\/span><a href=\"http:\/\/money.cnn.com\/2015\/11\/30\/news\/companies\/cyber-monday-sales\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">spent $3 billion<\/span><\/a><span style=\"font-weight: 400;\"> on Cyber Monday. That\u2019s in addition to the <\/span><a href=\"http:\/\/money.cnn.com\/2015\/11\/30\/news\/companies\/cyber-monday-sales\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">$2.74 billion<\/span><\/a><span style=\"font-weight: 400;\"> they spent online three days earlier, on Black Friday. If you\u2019re not working on eCommerce pricing strategies for this commercial bonanza, you\u2019re abusing your business and depriving your bank account. Here\u2019s what we know about where Cyber Monday has been, and where it\u2019s headed. <\/span><\/p>\n<h2><b>A New Shopping Weekend?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Retailers used to put their big ticket items up for sale in the early hours of Black Friday. While long lines and door busters still garner excitement, more and more retailers are adopting a different approach. Rather than slashing prices on Black Friday, many retailers have opted to extend sales from Black Friday through Cyber Monday, nurturing a four-day shopping spree that puts them in the green. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consider treating these four days as one big sales event to get the most out of the post-Thanksgiving rush. Or do what some retailers do, and steadily build to Cyber Monday with increasing sales and promotions over the weekend. <\/span><\/p>\n<h2><b>Cyber Monday Trends<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Consumers are busier than ever. Few want to wait in lines and fight over last-minute sales. So retailers that offer substantive discounts on Cyber Monday can save their customers\u2019 sanity as they pad their own bottom line. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consider these data points from Cyber Monday 2016:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Cyber Monday sales are <\/span><a href=\"https:\/\/blackfriday.com\/trends-and-predictions#trends-and-predictions\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">increasing rapidly<\/span><\/a><span style=\"font-weight: 400;\">, with consumers spending $2.29 billion in 2013 and more than $3 billion in 2015. <\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"http:\/\/www.forbes.com\/sites\/shephyken\/2016\/11\/19\/2016-black-friday-cyber-monday-holiday-insights-and-predictions\/#1e17fff65243\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">5% of consumers<\/span><\/a><span style=\"font-weight: 400;\"> drive 35% of Cyber Monday spending, suggesting that targeting the right market is key. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Just <\/span><a href=\"http:\/\/www.forbes.com\/sites\/shephyken\/2016\/11\/19\/2016-black-friday-cyber-monday-holiday-insights-and-predictions\/#1e17fff65243\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">9% of consumers<\/span><\/a><span style=\"font-weight: 400;\"> are finished shopping by the time Black Friday ends. <\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2016-11-28\/cyber-monday-s-reign-as-top-online-spending-day-threatened\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Nearly as many consumers<\/span><\/a><span style=\"font-weight: 400;\"> shopped online on Black Friday as on Cyber Monday. Black Friday online spending increased more than Cyber Monday spending, by 21.6%. <\/span><\/li>\n<\/ul>\n<h2><b>The Right eCommerce Pricing Strategies <\/b><\/h2>\n<p><span style=\"font-weight: 400;\">So what can you do to capitalize on the emerging popularity of Cyber Monday? The following eCommerce <a href=\"https:\/\/www.intelligencenode.com\/blog\/its-all-about-the-pricing-strategies\/\">pricing strategies<\/a> can turn next Cyber Monday into your best yet:<\/span><\/p>\n<h3><b>Build Excitement <\/b><\/h3>\n<p><span style=\"font-weight: 400;\">One of the many reasons Cyber Monday is so popular is that it gives consumers something to get excited about. Your customers likely plan and budget for their purchases, steadily building excitement for the holiday season. Use this fact to your advantage. Build interest in your sale by posting on social media, notifying customers through email, and perhaps building with promotions in the week leading up to Cyber Monday. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your customers can\u2019t shop a sale they don\u2019t know about, and similarly they can\u2019t get excited about something of which they are unaware. Use every communication channel you have to transform Cyber Monday into an exciting holiday event. <\/span><\/p>\n<h3><b>Offer Custom Pricing<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Customizing sales based on previous customer behavior can draw consumers in and encourage them to spend more. Today\u2019s consumers demand a customized experience. Try sending offers based on previous purchases or wish lists, or providing a customized giveaway. <\/span><\/p>\n<h3><b>Add a Coupon Code<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Coupon codes are an easy way to personalize the buying experience. Old-school retail might be going the way of the dodo, but customers still love coupons. Coupons can feel like a reward, making a deal more attractive. Send your customers a promo code via email or on social media. Expand the reach of Cyber Monday by offering a gift card to customers who shop that day, or offering a secret Cyber Monday coupon code for customers who buy in the week prior to the big day. <\/span><\/p>\n<h3><b>Make Sure Your Site is Ready <\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Your sales offer little benefit if customers can\u2019t easily use your site. Be sure you\u2019re ready for Cyber Monday by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Optimizing your site to ensure it won\u2019t crash if you get lots of traffic.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ensuring you have clear product descriptions, excellent photos, and accessible product information. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Testing coupon and promo codes to ensure they work. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Clearly noting any and all sales. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Linking to related products.<\/span><\/li>\n<\/ul>\n<h3><b>Offer Something for Nothing <\/b><\/h3>\n<p><span style=\"font-weight: 400;\">People love getting something for free. So compelling is the urge to get something for nothing, that many consumers will spend money they planned not to if they get a free gift. Try giving something away for free if consumers hit a certain <a href=\"https:\/\/www.intelligencenode.com\/blog\/define-price-point-push-competitors\/\">price point<\/a>. To maximize the effectiveness of this strategy, the giveaway needs to be something customers actually want, and ideally something that complements their purchase. Giftable items are also popular, so consider giving away a gift card, gift basket, or a service add-on to get the most out of Cyber Monday. <\/span><\/p>\n[tac_ga url=&#8221;https:\/\/info.intelligencenode.com\/a-comprehensive-guide-to-competitive-online-retail-pricing-strategies&#8221; category=&#8221;Ebook Download&#8221; action=&#8221;Click&#8221; label=&#8221;Pricing Guide&#8221; target=&#8221;_blank&#8221;]\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"\/blog\/wp-content\/uploads\/2016\/09\/e9182525-77bb-43e4-8c23-5b91903b485d.png\" alt=\"Retail pricing ebook CTA\" width=\"700\" height=\"200\" \/><\/p>\n[\/tac_ga]\n","protected":false},"excerpt":{"rendered":"<p>A generation ago, the mall was an inevitable stop on the holiday shopping journey. Now, many consumers finish their shopping without ever listening to the drone of Christmas music, seeing&#8230;<\/p>\n","protected":false},"author":2,"featured_media":1979,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[804],"tags":[124,220,927,928,569],"class_list":["post-1978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seasonal-sales","tag-black-friday","tag-cyber-monday","tag-ecommerce-pricing-strategies","tag-holiday-sales","tag-pricing-strategy"],"jetpack_featured_media_url":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-content\/uploads\/2016\/12\/Is-Cyber-Monday-The-New-Black-Friday-BLOG-IMG.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/posts\/1978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/comments?post=1978"}],"version-history":[{"count":4,"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/posts\/1978\/revisions"}],"predecessor-version":[{"id":12652,"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/posts\/1978\/revisions\/12652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/media\/1979"}],"wp:attachment":[{"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/media?parent=1978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/categories?post=1978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod_www.intelligencenode.com\/blog\/wp-json\/wp\/v2\/tags?post=1978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}