Cyber Monday 2018: How To Save Money And Make Money

cyber monday 2018

According to CNN, Americans set a new record in 2017 when they spent a whopping $5 billion in just 24 hours on Black Friday. When you consider that even car dealerships are getting in on this opportunity to attract buyers, it’s no wonder so many people wait until Black Friday to make their biggest purchases of the year. Black Friday also receives a lot of free publicity from viral videos of people rushing into retail stores and tearing them apart in search of the best and biggest savings. Some even make the news!

Nevertheless, according to CNBC, there was an even bigger record set in 2017 when Americans spent $6.59 billion online on Cyber Monday. So, how does the less popular sale day make more money, and what does Cyber Monday have that Black Friday doesn’t? Well, for many people, it’s more about what Cyber Monday doesn’t have. For starters, there are no long lines and no fighting with toddlers for toys. Every sale takes place online from the safety and comfort of your home – or the office.

Even though both sale days offer many opportunities for savings, not all sales are created equal. With this in mind, it’s important to budget wisely for November 26th to ensure you don’t spend a cent more than you have to. Here are some tips to help make your Cyber Monday 2018 shopping an immense success, while helping you to generate an income afterward!

Saving Money Before Cyber Monday

Saving money on Cyber Monday starts with saving money for the big event. After all, how do you take advantage of sales if you can’t afford it? The more money you have at your disposal, the more goodies you can buy to stock up for birthday presents, Christmas gifts and your own personal treats. Sure, there’s always your credit card, but that kind of thinking is what land a lot of people in debt.

cyber monday 2018

Set a Budget

The most important rule of budgeting and saving is to live below your means, which means spending less than you make. To do this, calculate how much you make, how much you would like to save and then allocate what is left toward your expenses. If you find it impossible to save, then it may be time to make some big life changes. Find a better job. Buy a less expensive car with better fuel economy. Move to a smaller, cheaper home.

Use Automatic Savings

Many people use automatic savings to put money away for college and retirement. Why not use it to fund your Cyber Monday shopping? Saving is always much easier to do when you don’t have to think about it, so automated savings is a great way to get started. Some people use apps, while other people make special arrangements with their companies or their banks. Keep in mind that there is sometimes a penalty for withdrawing money from this savings account before the assigned time.

Pay Credit Cards

Credit is a convenient way to pay for expenses you don’t currently have the money in hand for. However, it can also cause you to develop a bad habit of living above your means. If you pay your credit card balance every month in full, however, the habit of overspending begins to decrease. In addition to this, you will be paying less or no money back in interest to your bank, which means more money to set aside for your upcoming Cyber Monday purchases.

Save Tax Money

There will be times when you have a very specific purpose for your tax money. Maybe you plan to use it as a down payment for a new house, car, or to help pay off student loans. However, there are times when tax season rolls around, and you have no set plan for the hundreds or even thousands of dollars you received. Set some of that money aside to spend on Cyber Monday and other special sales throughout the year.

Saving Money on Cyber Monday 2018

Now that you have the funds you need to purchase everything on your list, it’s time to strategize and find the absolute best deals. We have a few ideas for you to try.

online selling

Start Early

Some people take a longer time to warm up to sales than others. These are the people who will revisit a store or site several times to see the same item before finally talking themselves into buying it. To rope these people into making more purchases, many companies have extended sales for up to a week before Cyber Monday.

These early sales would never work if they weren’t good and often better than waiting until the actual day, so don’t underestimate them. Additionally, ignoring them presents another problem. Because other buyers will be making purchases, if you wait until the actual day of Cyber Monday, the specific product you wanted may be sold out. Keep in mind that many companies put a limit on how much of their inventory goes out for particular sales throughout the year.

Shop Around

Shopping around when there are big sales events is just as important as shopping around when there isn’t one. Why settle for 25 percent off when you can get 30 percent off? Why settle for half off when you buy one, if there is another sale that gives you one free with a purchase? Always do a quick search to see what your other options are.

If the process of shopping around doesn’t appeal to you, then consider downloading an app. Some apps send alerts when prices fall below a certain point for an item you selected. Other apps show you all the deals online for a specific item, especially if you have access to the barcode. Another set of apps help you compare deals from multiple retail stores to find the deal that’s best for you.

Know Items

Not everything is automatically cheaper on Cyber Monday. In fact, there are some deals that are better on Black Friday and before Christmas. So, what tends to be cheaper on Cyber Monday? According to the experts, the best discounts on Cyber Monday are for laptops, hotel accommodations, plane tickets, kitchen appliances, fall clothes and shoes.

Because Cyber Monday had its birthplace in the techie internet generation, many companies also take advantage of this time to offer special deals on tech items. These are often not as well advertised as Black Friday, but if you pay keen attention, or if your internet cookies are working in your favor, you will come across some of the best deals from companies serving the tech market.

Get Newsletters

Because Cyber Monday deals often don’t get as much publicity as Black Friday sales, you may have to put in some extra work to stay in the know. One way to do this is to sign up for newsletters from your favorite companies. This is true of not just companies manufacturing products, but also those offering services.

If the company is small, then this is all the more reason to sign up for their newsletters or check their websites and social media pages. Smaller companies may not have the funds to compete with the giants for advertising space, as the cost does go up around this time. As a result, they will focus on cheaper alternatives they have full control over to get the word out.

Ignore Kids

For parents, both Black Friday and Cyber Monday are likely when you do your early shopping for Christmas. You probably have some idea of what your kids want, but may consider involving them in the process to ensure there are no frowns on Christmas morning. However, this will likely only make you spend more money.

Children and teens often do not understand the value of money. If you show them what’s on sale for them to choose, you may find your list growing and feel pressured to get everything on that list. Even if you could afford to get it all because of the amazing discounts, it’s not really “savings” if you end up spending all your money. Try to figure out what the kids might like before sales start and shop without them.

Resist Urges

Of course, the best way to save money is not to spend money. It’s always easier to conserve what you have than it is to make more. If you’re already struggling with debt and a reduced income, then even with the best discounts, spending hundreds of dollars on a new TV or wardrobe is likely not worth it.

The best way to resist the urge to splurge is to spend as little time online as possible. Even reading the news online can be dangerous, because many news agencies now allow ads from retail companies and car dealerships on their websites. Stay vigilant. Stay strong. Hang on to your money. Remember, the days before Christmas are another big time of year for sales, and you may be in a better position to take advantage of savings at this time.

Making Money After Cyber Monday 2018

It’s tempting to spend Cyber Monday just buying gifts and treating yourself. However, a wise buyer takes the opportunity to purchase items at a reduced price that they can sell for the regular price later on. You should also consider what you will do with all the items now replaced by your new purchases. So, here are a few ways to turn your Cyber Monday spending into savings and additional profit.

cyber monday 2018

Sell on an Online Store

We have all suffered from buyer’s remorse at some point or other. Unfortunately, when you buy things on sale, especially at heavily discounted prices, there is usually a clause disallowing returns, refunds or exchanges. If this is the case, especially if you did the work and saved all you could for Cyber Monday, you probably have a few items you could do without. Consider selling them on your blog, social media pages, or by using Facebook, eBay, Amazon or similar platforms. Note that some platforms will charge a small fee for listing, but there are plenty of free options.

Host a Yard Sale

Sometimes a good, old-fashioned yard sale is a great way to make some extra money without having to pay listing or selling fees to organizations, or processing fees to credit card companies and online payment platforms. Get some tables and blankets, put out the merchandise, print a few fliers and watch the magic happen. If you have good quality items at great prices, the word should get around the neighborhood quickly enough for your sale to be a success. Don’t give up the opportunity to get rid of a few other things you’ve had sitting around your home, as well as the items you replaced during Black Friday and Cyber Monday sales.

Donate To a Non-Profit

There are many great, charitable organizations supporting important causes, who don’t have the resources they need to do all they can for the people who rely on them. While you won’t get as much money as when you sell your items, you do get tax benefits for donating items during the year. Some great charities to give to, especially at this time of year, include shelters for survivors of domestic abuse, rehabilitation centers for addicts, non-profits that assist veterans and underfunded no-kill animal shelters. Children’s homes and children’s hospitals are also excellent options.

After the Sales

The year goes by so quickly that Thanksgiving and the sales that follow can seem to creep up out of nowhere. If you start preparing early by saving and making your list, however, you will be able to take advantage of the best deals available at this time. Remember to do your research and ensure that the purchases you make are actual bargains and not a hoax. Many companies have been found guilty of actually raising their prices when there is a sale. Feel free to employ apps to assist with finding the best deals. Then, after all the Cyber Monday shopping, seize the opportunity to save even more money and generate additional income by selling the things you don’t want or need, as well as the items you have replaced. If you can’t sell them, then donating them to a charitable cause is always an excellent alternative.


According to CNN, Americans set a new record in 2017 when they spent a whopping $5 billion in just 24 hours on Black Friday. When you consider that even car dealerships are getting in on this opportunity to attract buyers, it’s no wonder so many people wait until Black Friday to make their biggest purchases of the year. Black Friday also receives a lot of free publicity from viral videos of people rushing into retail stores and tearing them apart in search of the best and biggest savings. Some even make the news!

Nevertheless, according to CNBC, there was an even bigger record set in 2017 when Americans spent $6.59 billion online on Cyber Monday. So, how does the less popular sale day make more money, and what does Cyber Monday have that Black Friday doesn’t? Well, for many people, it’s more about what Cyber Monday doesn’t have. For starters, there are no long lines and no fighting with toddlers for toys. Every sale takes place online from the safety and comfort of your home – or the office.

Even though both sale days offer many opportunities for savings, not all sales are created equal. With this in mind, it’s important to budget wisely for November 26th to ensure you don’t spend a cent more than you have to. Here are some tips to help make your Cyber Monday 2018 shopping an immense success, while helping you to generate an income afterward!

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