Cyber Monday Stats, Insights & Predictions [2020]

12:56 Mornday Cyber Monday BUY What Is Cyber Monday? The term "Cyber Monday" was coined back in 2005 by a few members of the National Retail Federation and Shop.org. It was a strategic move to promote online shopping back when the Internet was in its early stages. According to NRF & Shop.org, "they quickly discarded other terms such as Black Monday (too much like Black Friday), Blue Monday (not very cheery), and Green Monday (too environmental), and they finally settled with "Cyber Monday". Cyber Monday Origin? Cyber Monday was born when members of the NRF and Shop.org organization were brainstorming about how to promote online shopping for online retailers. Specifically, the term can be traced back to a Shop.org press release titled ""Cyber Monday' Quickly Becoming One of the Biggest Online Shopping Days of the Year". When Is Cyber Monday? It was wildly successful; ecommerce sales grew more than 25% that holiday season alone. Because retailers Cyber Monday is the Monday following Thanksgiving Day (and Black Friday). channeled more focus into their online stores, rather than brick- and-mortar locations, the shopping day continued to grow exponentially over the past 15 years. It's both the largest online shopping day of the year and the second-biggest shopping day of the year in the U.S. BLACK FRIDAY CYBER MONDAY IS NOW OBSERVED BY ALMOST 30 COUNTRIES AROUND This year's Cyber Monday is November 30th, 2020. THE WORLD. Cyber Monday SALE NOVEMBER 30 Biggest Online Shopping Day in the U.S. UP 35.3% UP 19.3% $6.6 Bil $7.9 Bil $9.4 Bil $12.7 Bil 2017 2018 2019 2020 UP 49.2% Revenue Generated UP 46.0% $4.6 Bil (Projected) UP 48.1% From Smartphones $3.1 Bil $2.2 Bil for Cyber Monday is Projected to Grow to $1.4 Bil 2. BUE NOW $ $ $4.6 Billion in 2020 2017 2018 2019 2020 Peak Spending Times "Peak Spending Times" are the most profitable hours for retailers on the day of Cyber Monday, which accounts for up to 35% of Cyber Monday total revenue. 2017 8pm - 11pm PST Consumers' shopping carts via desktops are up to 30% more expensive than shopping carts on smartphones. Purchases that require in-depth research such as appliances, electronics and furniture are most likely made on desktops. 2018 7pm - 11pm PST 2019 7pm – 11pm PST Average Customer Orders on Cyber Monday 2020 6pm - 10pm PST (Projected) OFFERS CYBER CYBER MONDAY $128 $108.40 $122.20 $131 (Projected) CYBER СУBER MONDAY MONDAY MONDAY Thanksgiving Day through Cyber Monday 2020 will likely bring in over 200 million U.S. customers, surpassing the 189.6 million brought in from last year, 28 million shoppers are expected to shop on the day of Cyber Monday 2020. 2017 2018 2019 2020 Cyber Monday - the best day of the year for the following categories: ***Categories listed below have shown to have the lowest prices and best overall discounts on Cyber Monday over any other day of the year. E-Commerce Login Sign Up ΤOYS TOYS Tvs TOYS & TVs 2020 2017 2018 2019 19.1% savings 31% savings 19% savings 22% savings A big increase from the previous year due to retailers trying to capture Toys R Us customers) 5 Top-Selling Items On Cyber Monday 2020 L.O.L Surprise Air Pods TVs Nintendo Switch Plush Toys BOPIS (Buy Online, Pick Up In-Store) and curbside pickup are becoming popular shipping methods for shoppers during the holidays. Shoppers are 9 times more likely to buy at retailers offering BOPIS/curbside pickup on big sale days like Cyber Monday, than at retailers that don't. For 2020, that number is expected to increase drastically. 2019 L.O.L. Surprise Dolls Frozen 2 Toys VR Devices Nintendo Switch Samsung TVs SALE 2018 Fingerlings L.O.L. Surprise Nintendo Switch SALE Laptops (Dell & Apple) LG TVs BUY NOW SALE 2017 Apple Air Pods Sony PlayStation VR Nintendo Switch Super Mario Odyssey BUY NOW Hasbro NERF Guns 12 Shopping & Safety Tips 1. Set a budget and stick to it. Create a shopping list early. 3. 明目 Read retailers Shipping & Return Policies. 4. + Sign up to your favorite retailers' website and newsletter. 5. Pre-load Your Shopping Cart. 9 Compare deals with multiple retailers and use price trackers. 6. 7. Secure your wi-fi. 8. Don't click & open up email links & attachments from unknown sources. 9. Secure Transations! (https must be in the URL when purchasing). 10. Pay only with credit cards. 11. Avoid Phishing attacks (If someone emails you requesting your login and password information, do not share it. Most vendors and businesses will never ask you for your login credentials over email). Check the Order Confirmation Page (If the order doesn't match what you bought, then you need to reach out to the vendor immediately). Presented By: HugeCyberMondayDeals .com www.hugecybermondaydeals.com Sources: https://news.adobe.com https://blog.adobe.com/en/topics/trends--research.html https://nrf.com/media-center/press-releases https://www.netelixir.com/ https://nrf.com/tag/retail-trends https://www.hugecybermondaydeals.com https://www.slideshare.net/ CYBER MONDAY BLACK FRIDAY « THANKSGIVING DAY SALE