Businesses are benefitting from consumption of goods which ideally increases their sales. Over they years, two shopping extravaganzas have taken the business world by storm. One is Black Friday and the other is Cyber Monday. Yes, Cyber Monday, an online shopping day where people go crazy for goods sold at discounted prices.
For people who dislike retail shopping, waiting for Cyber Monday has become the norm. Buying goods online is seen as the best way of shopping after Thanksgiving. Cyber Monday has come a long way in ensuring people needn’t get off their couches to purchase that Flat Screen TV they have been waiting for.
In this article, we’ll tell you everything you need to know about Cyber Monday, as well as how people celebrate it and ways to get the most out of it.
What is Cyber Monday?
Cyber Monday is a term coined in 2005 by Shop.org, an online division of the National Retail Federation. It refers to the Monday after the Thanksgiving holiday in the United States, which is traditionally the busiest online shopping day of the year.
The idea behind Cyber Monday was to create a day when online retailers would have an opportunity to match or exceed the sales levels achieved on Black Friday, the traditional start of the holiday shopping season. In its first year, Cyber Monday generated $610 million in online sales. That number increased each year until it reached $1.5 billion in 2011.
Cyber Monday is now considered the busiest day of the year for online shopping. In 2012, more than 123 million Americans visited online retail stores, spending a total of $1.46 billion.
History of Cyber Monday
Cyber Monday was created in 2005 by Shop.org, the National Retail Federation’s digital division. The idea was to create a day for online retailers to offer special discounts and deals, similar to the Black Friday sales that brick-and-mortar stores have. Cyber Monday has been a huge success, with online sales breaking records every year.
When Is Cyber Monday?
Cyber Monday is a shopping holiday that falls on the Monday after Thanksgiving in the United States. The idea was to create an online shopping event that would rival Black Friday. It has continued to grow in popularity and is now one of the biggest shopping days of the year. Many retailers offer special deals and discounts on Cyber Monday,
How Is Cyber Monday Celebrated
Cyber Monday is celebrated just like Black Friday only that it is done via an online platform. While Black Friday is for retail shopping Cyber Monday is for online shopping. As much people go online and order whatever it is that they have been waiting to have.
People celebrate it by buying gifts for friends and family, and for themselves too. Other celebrate it by just doing an online version of window shopping, where they just scroll through products online but do not make any purchases.
For others, this is celebrated by selling some of their merchandise online. Generally, Cyber Monday is marked by online transactions between buyers and seller.
Why Do We Love Cyber Monday
Cyber Monday is loved because it is an easy way of shopping as opposed to the conventional way which necessitated that people go to the stores to make purchases. It also provides products at discounted prices. It basically rivals Black Friday and this is a big thing for introverts who find it difficult to associate with others.
Cyber Monday is a big day to look forward to. Therefore it is good to mark it on your calendar this Monday that follows the Thanksgiving Weekend. If you have been looking for that offer on goods and are short of time to visit the store to buy, then this is the day for you. Go online and get it in the easiest and cheapest way possible.