11–20 of 27 posts
Black Friday is used to dump loss leaders, over runs and special order low function items that look like more expensive products. I have yet to ever buy anything offered on these sales. Edit: There's plenty of info available regarding my statement. Here's a few links. 1. https://marketrealist.com/consumer/are-black-friday-tvs-lowe... 2. https://www.forbes.com/sites/benzingainsights/2012/11/21/why... 3. https://www.bu…
Black Friday is used to dump loss leaders, over runs and special order low function items that look like more expensive products. I have yet to ever buy anything offered on these sales. Edit: There's plenty of info available regarding my statement. Here's a few links. 1. https://marketrealist.com/consumer/are-black-friday-tvs-lowe... 2. https://www.forbes.com/sites/benzingainsights/2012/11/21/why... 3. https://www.bu…
> If they can offer great prices all year round, why not do it? And if they can’t, then who’s paying for the great deal I’m getting today? Working at a huge online retailer, I can tell you that the prevalent customer expectation is precisely „greatly reduced prices on black friday“. Even if we offered these reduced prices year round, the expectation would be to offer it even cheaper on Black Friday.
But, of course, this situation isn't stable.
Black Friday is used to dump loss leaders, over runs and special order low function items that look like more expensive products. I have yet to ever buy anything offered on these sales. Edit: There's plenty of info available regarding my statement. Here's a few links. 1. https://marketrealist.com/consumer/are-black-friday-tvs-lowe... 2. https://www.forbes.com/sites/benzingainsights/2012/11/21/why... 3. https://www.bu…
Maybe on Amazon. But many quality brands also do blanket 25-30% off sales on their own sites, which is pretty much the best deal you’ll see all year.
I think everyone is just getting more spoiled and more likely to commiserate with others online about it.
Earlier quoted context omitted.
Yeah before the internet killed it Black Friday had some insane doorbusters that would literally get people killed.
Besides the doorbusters, they had limited stocks of rare items too. It'd be like if Best Buy had a sale two years ago on Nvidia GPUs at 40% off retail. So you had the scalpers in the early days of eBay fighting with the parents who needed Christmas presents, on items you couldn't get anywhere else, from Playstations to Tickle Me Elmos. On second thought, it's probably best that the internet killed it. People are wild…
Black Friday is used to dump loss leaders, over runs and special order low function items that look like more expensive products. I have yet to ever buy anything offered on these sales. Edit: There's plenty of info available regarding my statement. Here's a few links. 1. https://marketrealist.com/consumer/are-black-friday-tvs-lowe... 2. https://www.forbes.com/sites/benzingainsights/2012/11/21/why... 3. https://www.bu…
I'm guessing you're under 25. Before you were old enough to have money, Black Friday was goooooooood. I used to pick up 100-packs of CD-R and DVD-Rs from Circuit City for like $10 on Black Friday. That was like a 60-90% discount.
> Not because it’s on sale. Because you need it.
What about things you don't need?
For instance, I didn't need an outdoor security system with motion triggered recording. But I was curious about what critters visit at night. A few days a year we get snow that stays around for two or three days and I see all kinds of tracks in it that I can't match to the usual suspects.
So I wanted such a system someday, but one that wasn't too expensive but good enough that I would not be frustrated with low quality recording or poorly designed hardware or software.
It went on my "get this when I come across a good deal" list. I saw a good deal on the next Prime Day and got something.
Another example. I've got a classical guitar and an electric guitar. For a while I've wanted a steel-string acoustic guitar but I don't need one. There are some songs and styles I'd like to learn that would be better on one, but I've still got so much left to learn of classical guitar its not like I'll run out of stuff to do if I don't get an acoustic immediately.
I made a list of a handful of acoustic guitars to keep an eye on. On Black Friday I checked the site of the manufacturer of one of them. They were having a Black Friday sale that actually made their next tier of guitars up from what I'd been looking at less expensive than the one I'd had my eye on normally goes for.
Customers who do not have patience but have money can pay the normal marked up prices.
Customers who have patience but do not have money can wait for Black Friday.
Sure, you can have mid pricing all year round but that prices out a portion of your customer base.
> If you need a new phone, buy a new phone. If you need a new laptop, buy a new laptop. If you need a new keyboard, buy a new keyboard. > Not because it’s on sale. Because you need it. What about things you don't need? For instance, I didn't need an outdoor security system with motion triggered recording. But I was curious about what critters visit at night. A few days a year we get snow that stays around for two or…