Keep an eye out for them when shopping.
- There are often lots of deals on Black Friday.
- Shopping that day can lead you to overspend or spend on the wrong products.
- You may also not receive the products you think you are paying for.
Whether you have an extensive holiday shopping list or have a bunch of items you want to buy for yourself, you can plan to hit the stores on Black Friday this year. During that big sale event, you can find deals on hundreds or even thousands of products, from toys to clothing to electronics.
But if you’re going to shop on Black Friday, it’s important to have a strategy. It is also important to stay away from these traps.
1. To be tempted by the gatekeepers
Many people shop on Black Friday to take advantage of concierge opportunities. But retailers tend to offer these ultra-low-priced items in very limited quantities. So if you force yourself to wake up at an unreasonably early hour and fight your way through the crowds, you may still be disappointed.
Worse yet, you may end up feeling pressured to buy something because you woke up early and left the house when all you wanted to do was relax and devour Thanksgiving leftovers. But it can lead to a bigger credit card tab.
2. Not being able to comparison-shop
You can see a number of deals on Black Friday. But even more impressive deals may appear on Cyber Monday. Since Black Friday precedes Cyber Monday, shopping on that day means you won’t have the chance to compare prices and see where the best deals can be found.
So let’s say you see a video game that your kid wants to sell for $50 down to $40 on Black Friday. You might want to jump on that deal. But what if you see it available for $35 on Cyber Monday? Granted, you can always return it and buy it again, but that’s a hassle you may not have time for. So it pays to save some of your spending money for Cyber Monday.
3. Get lower quality versions of the products you buy
Have you ever stopped to wonder how retailers manage to offer TVs that normally sell for $1,000 for just $700 on Black Friday, or how they manage to get $200 or more off laptops and other devices? The reason comes down to the fact that most of the electronics you’ll see advertised on Black Friday aren’t the original versions. Rather, they are derivative versions made specifically for Black Friday.
Now, that might not seem scary at first. But what you need to know is that many of the discounted electronics you’ll see advertised on Black Friday are made from low-quality parts. That way the manufacturers are able to sell them to retailers at a lower price and that way the retailers are still able to make a profit. You can avoid Black Friday electronics sales to avoid disappointment when their components begin to fail shortly after the warranty expires.
Many people plan to shop on Black Friday. If you’re going to follow their lead, be aware of these pitfalls and do your best to avoid making purchases you’ll regret.
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