BFCM: The ultimate guide to eCommerce sales [2024] - 8fig

Nov 5, 2024 · Here are some surprising BFCM facts: Shoppers spent $9.8 billion online during Black Friday 2023. Cyber Monday 2023 smashed records with $12.4 billion in online spending. …

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BFCM: The Ultimate Guide To ECommerce Sales [2024] - 8fig

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Nov 5, 2024 · Here are some surprising BFCM facts: Shoppers spent $9.8 billion online during Black Friday 2023. Cyber Monday 2023 smashed records with $12.4 billion in online spending. …

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The Ultimate Black Friday 2024 Guide: Preparing Your E-commerce …

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The 2023 Black Friday sales reached a staggering $70.9 billion globally, with mobile transactions comprising over half of those figures. With Black Friday 2024 set for November 29, e-commerce leaders must prepare to maximise sales, attract new customers, and stand out in a crowded marketplace. Why planning for Black Friday is crucial

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Ecommerce Sales Strategy To Maximize Sales This BFCM (2024)

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Oct 10, 2023 · Over 72% of customers plan to shop online during the BFCM shopping spree this season. The top three factors shoppers consider before making BFCM purchases are an easy …

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FAQs about BFCM: The ultimate guide to eCommerce sales [2024] - 8fig Coupon?

How does BFCM affect retail sales?

Mobile sales increased in 2023 – 75.7% of sales during BFCM were online, a staggering rise from 55% in 2022. About 30% of all annual retail sales occur between Black Friday and Christmas. You’re an 8-figure seller in the making, and BFCM is a huge once-a-year opportunity to help get you there. ...

Should ecommerce companies participate in BFCM?

Ecommerce companies looking to participate in the BFCM event know demands will spike. If you sell 200 pieces of merchandise every day, BFCM will triple it. This means planning well in advance just how much you want to sell each type of product (because that’s just as important) and the budget allowances you’re willing to make. ...

How can BFCM sales boost your business?

Think, order bundles, Buy One Get One (BOGO), or free shipping over a specific threshold for a sales boost. Your past customers are more likely to hit your store when the BFCM sales open. ...

What happens if BFCM runs out of stock?

Your BFCM sales will grind to a halt if you suddenly run out of stock. Plus, stockouts can do a great deal of damage to your business. Stock up for Black Friday and Cyber Monday early to avoid the holiday rush. Many eCommerce sellers place their Q4 orders during the summer months to avoid going out of stock. ...

How much do you spend on BFCM?

Research shows more than 180 million people all over the United States spend an average of 818 USD during BFCM. The difference it can make to your shop’s bottom line is noteworthy. Besides boosting your revenues, Black Friday and Cyber Monday are great times to clear out slow-moving inventory or dead stock. ...

How to maximize profits at BFCM?

To maximize profits, don’t discount too heavily. If you’re trying to keep your AOV (average order value) high, introduce bundles. Make sure to check your platform for the deadline to submit deals and coupons for the BFCM weekend. ...