Black Friday Statistics – Fly High Media https://www.flyhighmedia.co.uk Fri, 20 Oct 2023 13:08:58 +0000 en-GB hourly 1 https://wordpress.org/?v=6.3.2 Black Friday Statistics and Marketing Tips: A Guide to Help You Increase Sales Over Black Friday 2023 https://www.flyhighmedia.co.uk/black-friday-statistics-and-marketing-guide-2023/ Fri, 20 Oct 2023 13:08:07 +0000 https://www.flyhighmedia.co.uk/?p=30111

Black Friday Statistics and Marketing Tips: A Guide to Help You Increase Sales Over Black Friday 2023

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Black Friday is arguably one of the most important times of the year for businesses. In 2022, Shopify store owners made $7.5 billion in global sales over the Black Friday and Cyber Monday weekend, making it vital that ecommerce businesses plan ahead to not miss out on a portion of sales in 2023.

However, with so many Black Friday campaigns likely emerging, you must ensure your business stands out from your competitors.

So, if you haven’t already, start planning your Black Friday marketing strategy now. To help you, we have included some Black Friday statistics from over the past few years, along with ten fool-proof marketing tips.

 

What is Black Friday?

Black Balloon

In the UK, we only became familiar with Black Friday in 2010, when Amazon introduced us to Black Friday sales. The following years showed more retailers getting involved, helping Black Friday to keep growing.

But where does the term ‘Black Friday’ originate? 

Many believe the term refers to businesses operating at a financial loss, i.e. ‘in the red’; the huge sales after Thanksgiving would put them back ‘in the black’. This theory was popular in the 1980s and was spread by retailers to help boost their sales. 

But the term ‘Black Friday’ was not always linked with shopping. 

For example, during the 1960s, it was used by the Philadelphia police to describe the day that tourists flocked to the city, creating pandamonium on the streets.

Also, it is said that factory managers referred to the day after Thanksgiving as Black Friday since many of their workers would call in sick.

There are possibly other theories on how this familiar term came about, likely dating much further back than we realise. 

However, today, shoppers can easily relate to the ‘from red to black’ theory since bagging a Black Friday bargain contributes to putting everyone ‘back in the black’. 

 

Black Friday Statistics

Woman shopping on mobile

Below are some of the statistics of Black Friday, spanning 2020 to 2022.

 

1) More People are Shopping on Mobile

 

2020

In 2020, there were 400 million online sessions; 74.17% were mobile sessions

 

2021

There were similar figures in 2021, with mobile sessions reaching 73.84%. 

 

2022

In 2022, online sessions were lower overall; however, mobile sessions increased to 78%.

 

2) Shoppers are Buying Early

 

2021 and 2022

Over the last couple of years, the peak shopping time on Black Friday has been between 10 and 11 a.m.

 

3) People are Spending More Online

 

2021

 

Online spending reached £5.74 billion in 2021. 

 

2022

In 2022, online sessions dipped, but people spent more individually; in fact, they spent £17.33 higher per online session compared to 2021. 

Overall, the online spending on Black Friday 2022 was $40 billion

 

What Can Businesses Learn From These Black Friday Statistics?

Black Friday Notepad next to laptop

The above statistics will surely affect the Black Friday statistics in 2023, so what can we take from them?

 

1) Mobile Optimisation is Critical

You could lose a lot of business if people visit your website on their mobile and can’t easily navigate or buy! 

So, optimise your website for mobile, such as using a responsive design, enabling it to adapt to various screens. You can also compress images to limit the file size, check the font is readable and that buttons are large enough, and ensure your site pages load quickly.

Doing the above will positively impact your Search Engine Optimisation (SEO) because Google ranks mobile-friendly websites higher in search engine results.

 

2) Recognise Peak Time

Conduct some research to find out the peak time to reach your target audience to ensure they see your Black Friday holiday deals in 2023.

For example, before publishing social posts, research the specific platform to discover when your audience is online, making it the optimum time to post. 

 

3) Integrate CRO With SEO

SEO and Conversion Rate Optimisation (CRO) are essential to ensure you rank in search engines, enabling you to attract visitors to your website and convert them into customers.

 

Black Friday 2023

Black shopping bags

Black Friday Predictions for 2023

  • Customers will seek value and long-term quality due to economic reasons, i.e. the cost of living.
  • People will choose experiences (experiential gifting) and products that contribute to making memories over “throwaway” items.
  • Businesses will make an even bigger push to encourage customers to shop online.
  • The Black Friday sales will be over a longer period than in previous years.
  • More eco-friendly products are likely to make an appearance.

 

Black Friday Marketing Tips

Black Friday Sign

Below are ten Black Friday marketing tips based on some of the predictions for Black Friday 2023. These marketing ideas also reflect the Black Friday statistics between 2020 and 2022.

If you’re considering doing an anti-Black Friday campaign, you can still perform the below activities to draw attention to your brand and boost website traffic over Black Friday. Discover more on anti-Black Friday later in this blog!

 

1) Create Early Campaigns.

Black Friday is no longer only a day; instead, it stretches over the whole month of November.

Businesses tend to release their Black Friday campaigns earlier and earlier each year. This being the case, you need to do the same.

However, don’t go too extreme – you don’t want your audience to have a Black Friday overload way before they are ready to buy.

Plan your campaign to go live no earlier than November 1st.

 

2) Implement a Black Friday Landing Page.

Create a landing page for products going into your Black Friday sale.

A specifically tailored landing page will allow you to limit the distractions for your audience and solely focus on the products, i.e. their features and benefits.

You could create the landing page as part of your early marketing efforts, teasing your website visitors with upcoming Black Friday deals. 

Consider creating a landing page to build an email list. We will delve into the importance of an email list later in this blog!

 

3) Use Social Media Marketing.

Black social media icons

Incorporate Black Friday content into your social media marketing.

Prepare your audience for your Black Friday deals by actively posting on social media. Again, do this early in your campaign to capture your audience’s attention or to re-engage with them if necessary. 

An effective social media post, consistent with your brand and with an excellent call to action (CTA), i.e. compelling copy with power words encouraging readers to check out your Black Friday offers, will push more people to your website.

 

4) Install a Chatbot.

When people visit your website, they want to find all the information they need as easily as possible. Implementing FAQs on your pages will help; however, what about more specific enquiries?

This is when a chatbot on your website will be useful. This will streamline customer support within your business, providing automation over the busy period of Black Friday.  

Overall, a chatbot will enhance user experience and increase the likelihood of people converting from website visitors into customers.    

 

5) Conduct Email Campaigns.

Hopefully, due to creating a purpose-built landing page, you’ll have a long list of subscribers ready to receive your Black Friday emails.

Email marketing is a great way to ramp up the anticipation and tease your subscribers with your Black Friday deals.

There are various ways you can conduct your Black Friday email campaigns.

For example, you could give your long-time subscribers early access to deals. Alternatively, you could offer a further discount for a limited time. 

If you want to continue building your email contacts list, consider offering discounts to new subscribers who spend over a certain amount.

 

6) Mobile-Specific Campaigns.

Mobile in trolley with Black Friday offer label

As mentioned, a mobile-friendly website is extremely vital since around 55% of website traffic comes from mobile devices.

When it comes to campaigns, use dark mode-friendly designs. Doing so will help reduce eye strain, which is particularly beneficial for people who work at a screen all day. Pick a black or dark grey background and ensure the text is light-coloured so it’s clear to read.

Furthermore, a dark design for a Black Friday campaign will suit the mood of the annual shopping event!

 

7) Promote Daily Deals.

Whether you do it via email campaigns or social media, be sure to promote daily deals over the Black Friday period. 

Using scarcity marketing, i.e. slowly showing your audience juicy Black Friday deals, will help to instil fear of missing out (FOMO). Furthermore, time-sensitive deals encourage readers to decide quickly and make impulse purchases. Customers may return to your website daily to check out other deals.

 

8) Upsell and Cross-Sell.

Increase your customer’s individual spending by creating content to encourage upselling and cross-selling.

Upselling is when you entice your customers to buy a higher-end (and more expensive!) version of the product they plan to purchase. 

Cross-selling is when you recommend products to complement the item they are already buying.

For example, you could offer a Black Friday bundle, i.e. accessories at a discounted price, and create content to promote this when the customer adds a particular product to their basket or at the checkout stage.

 

9) Offer Free Shipping.

Consider offering free shipping to customers who spend over a certain amount or, if you’re feeling extra generous, with no minimum order. By doing so, you will decrease cart abandonment rates.

To further instil FOMO, implement a countdown timer on your Black Friday landing page and product pages to show how long free shipping will last.

 

10) Opt for a Green Friday Campaign Instead.

Green Friday

As mentioned, we predict that many shoppers will gravitate towards sustainable products over throwaway items. So, with this in mind, why not participate in Green Friday instead of Black Friday? Depending on your business, this option may be more suitable.

Green Friday is anti-Black Friday and promotes meaningful and mindful purchases as opposed to impulse buying. It gives people the choice to reduce their carbon footprint, making more eco-conscious buying decisions.

Instead of offering huge discounts on a wide range of products, use Green Friday as an opportunity to promote environmentally friendly items. Encourage your audience to embrace sustainable options and spend time away from the shops with their family in nature. Remember, more and more people are seeking experiences over physical goods.

 

Are you inspired by our Black Friday marketing ideas? 

Whether you go the Black Friday or Green Friday route, you’ll need an optimised website and marketing strategy to draw attention to your business.

Get in touch with Fly High Media if you require help with any areas of your online marketing. We offer various digital marketing services, such as paid search and SEO, and our expert team is committed to achieving outstanding results for our clients. 

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What Are The Black Friday 2022 Statistics? https://www.flyhighmedia.co.uk/what-are-the-black-friday-2022-statistics/ https://www.flyhighmedia.co.uk/what-are-the-black-friday-2022-statistics/#respond Tue, 06 Dec 2022 11:08:00 +0000 https://www.flyhighmedia.co.uk/?p=26884

What Are The Black Friday 2022 Statistics?

Black Friday 2022 sales are continuing, but as most of you probably know, the peak of Black Friday sales was on 25th November. So, we researched how the event played out this year, comparing the statistics of 2022 to those of previous years. 

For various reasons, Black Friday 2022 was predicted to be a tumultuous event. This was due to Covid-19 restrictions having eased, meaning more people were able and willing to go out and shop. 

However, with rising inflation impacting the UK, it was difficult to gauge whether people would have any disposable income for Black Friday, or if they would be more inclined to seek a Black Friday bargain to save money over the Christmas period.

Before we reveal the statistics of Black Friday 2022 we would like to delve into where Black Friday derived from and why.

What is Black Friday?

The UK only became familiar with Black Friday after Amazon introduced Black Friday sales to the country in 2010. However, the public did not thoroughly embrace Black Friday until ASDA took part in the event in 2013. The years that followed showed more and more retailers getting involved, helping Black Friday to grow bigger in the UK.

But where does the term ‘Black Friday’ come from? Well, there are many theories.

Some people believe the term refers to when businesses were ‘in the red’, operating at a financial loss until the day after Thanksgiving, at which point the huge sales would put them back ‘in the black’. The idea behind this term was spread by retailers during the 1980s in the hope that it would boost their sales. Now, it has evolved into the big shopping event we know today. 

However, the term ‘Black Friday’ was not always synonymous with shopping. For example, it was used by the Philadelphia police in the 1960s. They are believed to have used the term to describe the day that tourists flocked to the city to do their holiday shopping, creating bedlam on the streets.

Also around this time, factory managers are said to have referred to the day after Thanksgiving as Black Friday since it was the day a lot of their workers would phone in sick.

To conclude on the history of Black Friday, it is most likely that the familiar term was coined even further back than the 1960s, but because it has been used to reference many occurrences it is difficult to accurately pinpoint its origin. 

In recent years, the ‘from red to black’ theory is one that shoppers can relate to since bagging a bargain in the Black Friday sales can help to put everyone ‘back in the black’. 

Black Friday 2022

Although many predicted that this year’s Black Friday would not be as successful as previous ones, it turned out to be the biggest day for online sales with many retailers receiving record-breaking revenue.

We have gathered together some of the key Black Friday statistics of 2022 and we have provided further insight into each one later in this blog.

Black Friday 2022 Shopping Habits 

Infographic showing the Black Friday statistics for 2022.

People are continuously changing the way they shop, so businesses need to evolve with their customers to ensure they are consistently delivering as well as keeping up with their competitors. 

A particular area that businesses should focus on in a buyer’s shopping journey is how their customers are shopping, such as recognising what devices they are using.

Most-Used Device To Shop On

The number of people who shop online is continuing to grow, which may be why Black Friday remains such a successful event, even since Covid-19.  

In 2020, there were 400 million online sessions of which 74.17% were mobile sessions. The figures were similar in 2021 with mobile sessions being at 73.84%.

This year, although online sessions were lower overall, mobile sessions increased to 78%.

With the above figures in mind, retailers should endeavour to optimise their websites for mobile devices to help improve the user journey and user experience (UX). 

For example, if you own an e-commerce business, you should try to use a responsive design for your website to ensure it is rendered appropriately, according to the various screen resolutions and sizes that your audience may be using. 

A Web Design & Development service offered by a digital marketing agency, such as Fly High Media, can help to optimise your website.

Black Friday Peak Shopping Time

On Black Friday 2022, online sessions in the UK peaked between 10:00 a.m. and 11:00 a.m., which was very much the same as the peak time in 2021. 

This year, the online sessions began to climb from 6:00 a.m. to 11:00 a.m., after which they began to drop, particularly in the afternoon.  

As mentioned, the amount of people who shop on mobile devices is increasing, allowing them to easily make their online purchases during short sessions in the middle of the working day, such as on their lunch breaks. 

With this in mind, businesses need to recognise the peak time they can reach their target audience to help them effectively optimise engagement. 

Footfall

Graph showing the footfall increase in stores.

Although e-commerce sales are continuously growing, this has not made much of a negative impact on offline sales. 

On Black Friday 2022, there was still a 9.3% increase in UK shoppers at retail parks, shopping centres, and on the high streets. 

Compared to Black Friday 2021, footfall in retail parks rose by 7.1% and shopping centres rose by 16.8%. The footfall on the high streets rose by 11.3%.

Black Friday Online Spending 2022

In 2016, UK customers spent a total of £7.28 billion over the Black Friday weekend, of which £2.79 billion came from e-commerce sales.

In 2021, online spending was even higher at £5.74 billion, with total spending coming to £9.42 billion.

Pie chart showing the value of spending over Black Friday.

So, with the cost of living rising, we were interested to see the total value of revenue that was generated over Black Friday 2022.

Average Online Order Value

As already mentioned, Black Friday 2022 saw a small dip in online sessions compared to previous years; however, the online sales value did slightly increase.

This year, people who made Black Friday purchases online spent, on average, £125.43, which was a £17.33 increase compared to 2021. The increase is an indication that people are spending more individually per online session.

Total Online Sales

On Black Friday 2022, people from around the world spent over $40 billion online.

This higher-than-predicted figure could be due to items still being costly as a result of inflation, despite them being reduced. 

Alternatively, it could be high because people were bagging many bargains to save money and help them prepare for financially hard times ahead, which we are all likely to face in 2023.

Popular Products and Retailers on Black Friday 2022

Overall, home appliances and apparel were popular items that customers bought during the Black Friday sales. However, depending on the retailer and the location, the most popular Black Friday products did vary.

Record-Breaking Retailer

First of all, Boots had a record-breaking Black Friday. The retailer’s online sales had an increase of 18% compared to last year’s Black Friday online sales. 

Furthermore, their in-store sales improved over Black Friday 2022, with a 17% increase compared to in-store sales last year.

The health and beauty retailer had over 18,000 products discounted for Black Friday. Some of Boots’ best sellers include the Benefit Star Gift set, its No7 Ultimate Beauty Calendar, and the No7 Beauty Collection. 

Most-Sold Black Friday Products

John Lewis had thousands of products discounted for Black Friday, and some of its top sellers included Apple Airpods, iPads, and TVs. 

On Amazon, the best-selling categories were Home, Fashion, Toys, Beauty, and Amazon devices. Amazon’s best-selling items in the US were the Echo Dot, Fire TV Stick, and Apple AirPods, which aren’t dissimilar to John Lewis’s top sellers 

Online Search Trends For Black Friday

 

Overall, it was a successful Black Friday for many retailers, despite, or maybe due to, the rising cost of living.

However, as the keywords that people type into search engines suggest, the amount of people who actively searched online for Black Friday deals in 2022 has reduced compared to last year.

Table showing the number of people who types in Black Friday keywords.

What does this mean for retailers?

Primarily, the drop in online search volume means that retailers who wish to increase their e-commerce sales during Black Friday next year, must identify how their desired customers are shopping, and begin to implement changes to evolve with them and their shopping habits, ready for 2023.

Specifically, retailers should optimise their website to ensure it works effectively across all devices and it includes content that is valuable and relevant to their desired audience. 

SEO (Search Engine Optimisation) is important for any business to develop a good online presence. If you own a business and wish to improve your online revenue, then consider getting in touch with Fly High Media. We can boost your online presence through services, such as SEO and Pay-Per-Click advertising

Contact us today to find out more!

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Black Friday Statistics and Marketing Tips: A Guide to Help You Increase Sales Over Black Friday 2023

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