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Why it is called Cyber Monday?
The online shopping term "Cyber Monday" coined via the blog of Ellen Davis (Sources )
It was first termed for the e-commerce movement in the course of the 2005 holiday season.
According to Scott Silverman, the current head of Shop.org, they base this term on 2004 advertisement posters that displayed " One of the world's largest holiday feast of the year was held on Monday- a week before Thanksgiving. "
According to the Shop.org research 2005 report, which mentioned that " Approximately 77 percent of online shops prices got multiplied significantly on Monday sales before Thanksgiving day.
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Retailers posted lower online discounts and high promotions to increase their sales on Monday in the year 2005.
Cyber Monday is a term that refers to Monday as a cyber Monday during U.S Thanksgiving weekend.
How does Cyber Monday work?
What stores are doing Cyber Monday?
Cyber Monday vs Black Friday?
As every brick-and-mortar stores do with regular Black Friday,
all on-line outlets usually offer one of a kind promotion, discounts options, on this day to promote their sales growth.
This Monday usually falls five days before Thanksgiving day.
They created this term to encourage customers to purchase more online.
Black Friday — the day after the Thanksgiving holiday — remains the official buying day of the year. All these are retailer strategies to attract customers and make them a discounted offer to buy their products.
One important thing is that black Friday dedicates to both online and offline markets, but cyber Monday completely dedicates to online markets only.
Opportunities
People nowadays are moving to more online shopping. Every small or large-scale shop now moving their products online to increase sales.
Since the offline market are very much limited to native areas and sales are much more fixed about, but this is not a case in online businesses.
There are a lot much customers from all over the world available to buy and sell products online from long-distance countries.
Range and categories of products are very large, as big discount banners are posted everywhere, but mostly large sales are attracted by electronic categories.
Cyber Monday 2020 Date
-This celebrates on 30 Nov on this year. It does not fix dates for every year and are keep changing.
How it can be useful for you?
Be ready for products, and you have to add it to Wishlist.
mostly big sellers make their advertisement for discounts at midnights.
Make sure that your wallet should be ready for one-click payment because some deals get off in minutes. So you have to complete your order fast before sales over.
(Category : Current Affairs , GK , facts , US Facts , )
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