Black Friday is profitable for retailers because they can sell their current year-end inventory to make room for 2013 products. This is why many of the Black Friday deals are on older models and off-brand products.
Below are a few tips to keep you "saving big on sweet deals":
Tip#1: DoorBusters
Many doorbusters are extremely low-priced, which means you'll be standing and waiting in long lines to rush the stores possibly in very cold weather. Read the fine print in the ad. Doorbusters normally are only available in very limited supply (such as 10 per store). Also, retailers are counting on you not leaving their store empty-handed after making the effort to get there, so if you don’t get the deal you want, you will buy something else.
Tip#2: Price Matching
Target announced they would match prices of online retailers during the holiday season. And Walmart is now offering you the ability to put an item on layaway then paying it back in full on Black Friday to get the Black Friday pricing.
Read the fine print on Target’s website: Nov. 22–24 are excluded from price matching. Target lists other exclusions, including doorbuster and early bird specials, Amazon’s Daily Deals, Lightning Deals, and Gold Box Deals, so read the terms carefully before making purchases. Walmart will price match Black Friday ads of local competitors, but not online deals.
Save yourself a ton of frustration and stress by calling and making sure your store is participating. Also keep in mind that their layaway policy clearly states that they will have limited hours on November 23. If you want to take advantage of Walmart’s layaway promotion, make sure you purchase the right SKU item and return to pay for your item on Black Friday. If an item is only priced during certain hours, you must be at Walmart to pay for them during that time.
Tip#3: Apple products
Apple has never been known for significant Black Friday savings. You can often check sites and stores like Amazon and Best Buy for lower prices.
Tip#4: Return Policys
You may be familiar with a store’s return policy, but it can change over the holiday shopping period. Some stores shorten their return window. I would recommend checking with your store before making your final purchases. Stores should have return policies posted for easy viewing.
And always ask for a gift receipt and include it, so your recipient can receive a full credit if the gift is exchanged.
Tip#5: We gottcha!!
Some retailers will place similar items at a higher markup next to their “doorbuster” and “early bird specials.” When a promotional item runs out of stock, customers will look at the item next to the empty shelf and oftentimes purchase it instead, so they come home with a similar gift that they went in for. Try sticking to your list unless you absolutely have to have the item.
Tip#6: I lost my receipt!?!?!
Try to pay for everything you buy using your credit card. This ensures you will not get the “current lowest price” because you misplaced your receipt. Most retailers, such as Target, have the ability to check your purchases with a simple swipe of your credit card. If you pay with cash and have no paper trail to back up the amount of your purchase you will normally have to take the current lowest price.
Tip#7: Cyber Monday
Cyber Monday is a name for the Monday after Thanksgiving as the day for online shopping. I do not recomment waiting if you need the item on your list because if your shopping for a hot item and supplies run out then your at a loss. Some of the best Black Friday deals will expire or sell out before 10 a.m. ET on Friday. Depending on your priority level, you may want to get in line Friday morning to ensure you get what’s on your list.
So in my final words, enjoy this wonderful holiday season and remember to be safe out there!!!!
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