food, clothing, household goods: if you can afford it, chances are a black friday deal This is being promoted. But just because you’re snagging something with so-called Black Friday markdowns doesn’t mean you’re actually getting the best deal in a long time. Especially with electronics, the cheap price tag can mean you get tricked into buying a cheaper model of what you really want. Here’s how to avoid the deceptive “deals” of Black Friday and make sure you’re getting the best bang for your buck.
Cheap products do not equal a good deal
When you see a clothing item or kid’s toy with a big “Black Friday” tag, it makes sense to take advantage of that deal. It is likely to be the exact same product on other days of the year. However, the same cannot be said for TV. Stores often take cheap, shoddy versions of the same electronics and mix them in with legitimate offers. You can buy a Black Friday “bargain” that actually contains substandard components.
Sure, you can go with a cheap TV on Black Friday, but think about the value of what you’re buying. as the motley fool It says, “Maybe it’s better to spend $1,200 on a TV that lasts eight years, compared to an $800 Black Friday special that only lasts half that time.”
Do Your Research and Wait for Cyber Monday
To avoid minor scams, you should do your research. The easiest way to tell you’re getting the right product is to check the model or serial number. And with online shopping, it’s quick and easy to find and double-check those numbers.
On that note, when it comes to electronics, it might be better to skip Black Friday in favor of Cyber Monday. as reported in usa today, the Monday after Thanksgiving is typically the cheapest day to buy electronics, with 17% of items marked down by an average of 18%. Again, you risk more “out-of-stock” results if you wait, so the risk is up to you, depending on the popularity of the item you’re looking at.
At the end of the day, retailers are selling items at a price point that still gives them an advantage over you. Don’t fall prey to a falsely-advertised low-quality product, and make the most of holiday deals by doing a little research ahead of time.