Via a news story posted by KCTV Kansas City, some information on a trend among online retailers this time of year... Have you heard of "Cyber Monday"?
We've all heard about "Black Friday," the day after Thanksgiving when
the malls are packed and some stores open early with big bargains to
lure people in.
A growing number of retailers are using the Monday after Thanksgiving, so-called "Cyber Monday," to promote online sales.
The
National Retail Federation said it found that nearly three-quarters of
online retailers are planning special promotions that day.
According to Shop.org, an online retailer association, "Cyber Monday is a term coined by Shop.org that represents the Monday after Thanksgiving (November 27), the unofficial kick-off to the online holiday shopping season."
And in the "brilliant marketing idea" corner, the website CyberMonday.com acts as a hub, pointing out to promotions from 550 retailers. Gathering links to special promotions & great deals, all in one place, is an excellent tactic for driving traffic to your website.
And Shop.org takes it even further. Study how they did this.
First, they coin the term "Cyber Monday" - based on their knowledge and experience in their own niche, and their recognition of a verifiable trend.
Second, they register the domain CyberMonday.com, and establish it as the hub for the term/phenomenon: "a one-stop shop for consumers looking for the best Cyber Monday promotions."
Then, they register as affiliates of many of the retailers offering said deals.
Then they commit to using those affiliate sales to benefit a charity inspired by one of their association members.
THEN they distribute targeted, informative press releases throughout the holiday season, offering tips and statistics that the media will eat up faster than the Christmas ham.
The really cool thing about this promotion is that it not only brings attention to Shop.org as an association, and their scholarship fund, but it also allows all these online retailers to share in the traffic CyberMonday.com brings in. Because there is now an "official" name for the day, online retailers can capitalize on it by announcing their "official" Cyber Monday deals. (They may have offered promotions on the Monday after Thanksgiving anyway, but now there's a NAME for the promotion. More marketing juice.)
(Hmmm, these steps to publicizing an niche-industry event make me think of another holiday recently celebrated... ;) )
So now that you know about it, any of you online retailers out there planning any special promotions for a week from today? A popular promotion for online retailers, and fairly easy to configure in online shopping carts, is free shipping. Or do you have something more elaborate planned? Here are some other options being offered, according to a recent press release (emphasis mine):
According to the eHoliday Survey, conducted this fall by BizRate Research, the majority of online retailers will feature special promotions for Cyber Monday this year. Promotions will range from special email campaigns (32.0%) to specific deals (29.9%) to one-day sales (28.9%). Additionally, one-fourth of retailers (24.7%) will offer free shipping on all purchases.
If you're offering any promotions, sales, or deals specifically for Cyber Monday, feel free to leave a comment with a link.
I'd also love to hear from any online retailers to see if the "Cyber Monday" trend applies in the scrapbooking/digital scrapbooking community as well. Have you seen, or do you expect to see a spike in sales on the Monday after Thanksgiving? How do you plan to encourage sales that day/weekend?