You can either buy today or take a gamble and wait for a sale. Tod Marks, a senior editor at Consumer Reports, says consumers should consider buying clothing early in the shopping season while there are plenty of sizes and colors.
But waiting to buy electronics might pay off because if sales of items such as flat-screen TVs are slow, retailers may cut prices closer to the holidays to clear out inventory.
About.com has compiled 10 tips on how to prepare for Black Friday, one of the busiest shopping days of the year.
1. Check Out the Ads:
Your local Thanksgiving Day newspaper will be stuffed like your Thanksgiving turkey with ads, coupons, and circulars. This will be your number one source to local Black Friday savings and it will also help you organize your day to maximize savings since many stores offer special discounts that are time specific. Example: Receive an extra 10 percent off if you shop before 11 a.m.
2. Do Your Research Before Friday:
If you are hoping to scoop up a deal on Friday on a big-ticket item, go ahead and get your research out of the way as soon as possible. A bad product is a bad deal no matter how cheap it costs. Being knowledgeable about the products you want to buy will help you avoid being sucker-punched with loud advertising for poor products. About.com is chocked full of buying advice on a wide variety of products from professionals who have the knowledge to help you make good decisions.
The El Paso Times advises for shoppers to be careful and plan out how they will spend their money in order to maintain a good credit store.
“A year’s worth of financial progress can be squandered during the holiday shopping season without planning and discipline,” said Greg McBride, senior financial analyst with Bankrate.com.
Develop a game plan and a budget for the holiday season, save for holiday expenditures instead of charging up your credit cards, and don’t be afraid to scale back this year if you’re facing an uncertain job situation or you’re behind on your bills, McBride said.
Mike Elgan at Datamation lists 12 “secrets” that will help make your Black Friday more successful and avoid retailers’ tricks.
They don’t call the day after Thanksgiving “Black Friday” for nothing. It’s all about launching the megastores “into the black” – into profitability. They profit not by offering goods at a loss, but by using ultra-low prices to lure you into their stores, where they can employ dirty tricks to make money.
But with my secrets, and some smart planning, you can make “Black Friday” profitable for yourself, not the store.
Wondering whether or not the current economic crisis wil devestate this year’s Black Friday? Walletpop talks to the CEO of dealnews.com, Dan de Grandpre, about how what turnout he anticipates.
Black Friday needs only three things to be successful: retailers with amazing deals, willing consumers and money. Without any one of these items Black Friday ceases to be the spectacle that retailers and shoppers have come to know and love. In order to understand how the economy affects any of these three elements it is important to understand the relationship between retailers and consumers.
USATODAY writes about shopping for digital gear on Black Friday and the sales you can expect on certain items as well as what would probably not be on sale.
Despite what you see in stores right now, the Friday after Thanksgiving begins the traditional Christmas shopping season. It’s called Black Friday to mark the day retailers make profits and are “in the black.” It’s also the day for extended shopping hours, crowded stores and deeply discounted prices.
Mike Elgan of Datamation notes that the netbook will be popular this year as it is affordable and the perfect gift. They also have a list of tips on how to get great netbook deals this Black Friday.
First, unless the Grinch finds a way to keep Christmas from coming, the holidays will soon be upon us. Netbooks make perfect gifts because the cost is low, the value is high, and everybody wants one. Unlike other gadgets, netbooks are popular among all age groups, from 9 to 99. They’re even great gifts for people who already own desktop, laptop and other netbook computers. You can never be too rich, too thin or have too many netbooks.