All about Cyber Monday:
Shop.org has coined the term 'Cyber Monday' on Novermber 21, 2005. Cyber Monday is considered as the biggest online shopping day of the year. In the year 2007, only 72% of online stores have offered Cyber Monday discounts but the number has increased to 88% in the year 2010. Last year, there has been huge increase in the sales of jewelry and luxury retailers.
Projections of 2012 Cyber Monday:
It is expected that sales on this Cyber Monday will raised by 33% when compared with last year. In 2011 Cyber Monday, more than 106.9 million individuals have visited various online retail sites to purchase goods. For first time ever in the year 2010, the sales have surpassed $ 1 billion.
Cyber Monday in US and UK:
This year Cyber Monday is celebrated on November 26 and in the year 2011, Cyber Monday has created history in e-commerce business with sales of worth $ 1.25 billion. In United Kingdom, there was 87% increase in the sales of goods on Cyber Monday. Reports show that every 8 out of 10 internet users in UK have shopped online on last year's Cyber Monday.
Social Sharing on Cyber Monday:
Since the inception of Cyber Monday in the year 2005, there has been 14% growth in the online sales. It is expected that the total revenue generated by online sales for the year will be $ 1.42 billion. Over 60% of Cyber Monday activities are shared on Facebook by the users and 15% is shared on twitter. The most popular sites among shoppers are Amazon.com and Target.
Online Shopping through mobiles:
In order to drive the online sales, shop.org has created Cyber Monday and it is the biggest online shopping day for all US residents. In recent years, the usage of mobile devices including ipads, tablets etc were used in large numbers to purchase items on Cyber Monday. Mobile users have relied a lot on Apps to find the best deals and price matching over internet.
Tips for mobile shopping:
To have a hassle-free mobile shopping, it is recommended to use strong password and scan the mobile device. Try to watch out all the Apps that you download and never click on the links available on websites as they may direct you to some malicious links.
Tips for safe shopping:
To shop safe during the holiday season, it is suggested to avoid untrusted websites and monitor all your financial accounts and credits reports on regular basis. While shopping online, furnish necessary information and register prior with identity theft insurance to get protected from the identity theft incident.
Bargains During Cyber Monday:
From last few seasons, there has been a debate among the online shoppers that best deals are available on black Friday or on Cyber Monday. Survey shows that more consumers prefer online shopping on Cyber Monday rather than visiting the malls on black Friday. More than 33% of bargain hunters spend more time in searching for online retail stores that offer best deals.
Advice for online consumers:
Mostly scammers spend spam emails to the online users and offer freebies that are directed to malicious link. Spammers and scammers take advantage of the Cyber Monday and involve in more number of phishing attacks. Every web merchant is suggested to upgrade softwares, remove all the old softwares, create strong password and scan all the web applications that run on your system.
Reasons to choose online shopping:
In last two years, there has been 41% increase in the sales on Cyber Monday. When surveyed individuals about online shopping during the holidays, 31.5% stated that they choose online shopping over offline shopping due to free shipping and 33.1% preferred online shopping as its easy to compare price over internet.
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