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Unpacking Cyber Monday

Hanna Lysenko 29 Nov 2024
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After the Thanksgiving platters are cleared and Black Friday fades into a retail frenzy, another shopping holiday comes to the forefront — Cyber Monday! This digital event has become a worldwide trend allowing shoppers to score online bargains from home. So how did Cyber Monday actually start? What makes it unique? Let’s learn more about history, evolution, and interesting information about this renowned day for internet shoppers.

The Birth of Cyber Monday

Cyber Monday originated with an elementary observation: sales online increased over the Monday after Thanksgiving. The day consumers returned to work and started shopping online to take advantage of faster internet connections became known as "Cyber Monday." This term was created by Ellen Davis in 2005 at the National Retail Federation through the Shop.org division.

Since a lot of people still did not have high-speed internet at home at that time, Monday was the perfect day for online shoppers to hit up the post-Thanksgiving sales using their office connections. Cyber Monday was touted as a digital-savvy way for shoppers to get an alternative to the Black Friday vibe, but online.

How Cyber Monday Has Evolved

During its first few years of existence, Cyber Monday started out, mostly selling electronics, gadgets, and tech. These days, it offers more broadly across categories such as fashion, beauty, home goods, travel packages, and groceries. With mobile shopping, consumers can enter the game more easily—and retailers have diversified their goods to cater to a larger crowd of visitors.

According to Adobe Analytics, Cyber Monday is the largest online shopping day in the United States. Each year, sales top tens of billions of dollars. Successful in its own right, it has also inspired similar events worldwide, such as "Mega Monday" in the U.K.

Cyber Monday vs. Black Friday

Black Friday is all about early-morning waits, doorbuster specials, and in-store pandemonium, while Cyber Monday offers a more low-key counterpart. It is all about convenience — giving people the option to shop and purchase without having to leave their couches.

In addition, Cyber Monday traditionally has specific deals on digital products, subscriptions, and services that you might not have for Black Friday. Today, a lot of retailers combine the two and run a long “Black Friday Week” or “Cyber Week” sales to extract as much sales money as possible.

Fun Facts About Cyber Monday

Cyber Monday is more than a shopping day — it’s a cultural phenomenon, rife with interesting tidbits. A few amusing facts you probably never knew:

Cyber Monday first occurred in 2005, raking in $484 million in sales. Flash-forward to 2022 and that figure surged to more than $11 billion in the U.S. alone.

Mobile Miniplanet: Smartphones and tablets dominate, as more than half of Cyber Monday purchases are now made through mobile devices. Social Media Strength: Such platforms as Instagram and Facebook are indispensable tools for Cyber Monday. Last-minute sales are often driven by influencer partnerships and targeted ads.

Digital Exclusives: Cyber Monday is a big day for online-only discounts, and many retailers offer discounts for software, streaming, and e-books.

International Appeal: Cyber Monday is for more people than just Americans. The concept has been adopted globally, making it suit local markets and e-commerce trends.

AI-Driven Shopping: An increasing number of retailers use artificial intelligence tools to personalize Cyber Monday deals, recommend products, and facilitate the checkout process.

Best Cyber Monday Shopping Tips

Cyber Monday can be a frenzy, with millions of offers competing for your attention. Consider the following tips to maximize your time.

Plan Out: Use a wish list and know prices in advance to determine true discounts.

Sign Up for Alerts: Subscribe to newsletters and push notifications from your most-loved retailers to keep your finger on the pulse of exclusive deals.

Compare Prices: Utilize price comparison tools and browser extensions to make sure that you’re getting the best deal.

Read Return Policies: Before you buy, read the retailer’s return and exchange policies — for big-ticket items in particular.

Shop Early: Hot items sell out fast, so start shopping as soon as sales go live.

The Future of Cyber Monday

E-commerce is in constant progress, and so does Cyber Monday. Emerging technologies such as augmented reality (AR) and virtual reality (VR) will revolutionize the online shopping experience, helping customers to “try on” clothes or visualize how a piece of furniture would fit into their home before they make a purchase.

Sustainability is another big emphasis — more retailers promote eco-friendly products and carbon-neutral shipping during Cyber Monday sales.

Also, the rise of voice commerce — shopping through virtual assistants such as Amazon Alexa and Google Assistant — will likely have an increasingly important role in Cyber Monday transactions.

Why Cyber Monday Matters

Cyber Monday deals are just the tip of the iceberg: Cyber Monday is a great example of how transformational technology can be in our everyday lives. It also highlights how the internet has changed how we shop, making it more convenient, more diverse, and more accessible for consumers around the world.

Cyber Monday provides retailers with a critical opportunity to drive revenue at year-end, reduce inventory, and create customer loyalty. For consumers, it’s a chance to score bargains and jump-start the holiday season with savings.

Cyber Monday has changed quite a bit since its inception in 2005. A niche online event just a few years ago, it has evolved into an international phenomenon, showcasing both our increasing dependence on technology and the flexibility of contemporary retailing.

Whether you’re searching for an early holiday gift or a tech upgrade, Cyber Monday has you covered. One where the best deals are only a click away — a day that mixes the thrill of shopping and the ease of technology.

It's time to put a date in your diary, fire up your devices, and get excited about this increasingly popular phenomenon of virtual shopping!

Don’t miss your Cyber Monday 20% discount for your first order on December 2, 2024, on our website with a promo code MONDAY20!*

*A maximum discount of $1,000 is available for orders exceeding $5,000. Terms and conditions apply.

 

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