Forthcoming Black Friday is one of the most expected holidays for shopaholics. Well… for everyone! No wonder, we all love sales and discounts, and these days people are ready to spend money. But what if you could earn money while everyone else is spending them? Great idea I guess. Here is the list of the best Black Friday business ideas you could take advantage of and make money during the holidays.
When is Black Friday 2020?
This year Black Friday is on November, 27. It is a pre-Christmas time and people will use this opportunity to prepare for the winter holidays. So, what about using this opportunity for business and learn how to make some money?
Here is the list of the best Black Friday business ideas 2020 you could take advantage of and make money during the holidays.
10 proven ways on how to make money during Black Friday 2020 holidays:
1. Affiliate sales
This is one of the most effective, fast, and highly popular ways to make money on Black Friday. The process is quite simple and fast. This is how it works:
- You register on Amazon
- Pick up a product or a list of products
- Create advertising or write a product review (if you are a blogger)
- Make sales!
The secret here lies in the right products to be selected to have more chances of making a good profit. This step will take some time for Google search.
According to the Statistics Portal, the retail industry has been considerably growing over the last years. Finding trending niche products can become pure gold during the Black Friday holidays. Just imagine how many opportunities you have to make an income while everyone else is spending money preparing for the winter holidays.
Here is the list of the trending product categories in 2020 you can consider selling on Black Friday this year:
- Branded apparel
- Expert books
- Christmas toys
- Gadgets with AI technology
- Security and protection
2. Sell your service
If you are an expert in a particular niche, Black Friday is a perfect time to boost sales and attract more attention to your personal brand. Create an offer with a discount that will be valid for a limited period of time and let people know about it.
Read also: How to start an event planning business
Here is an example: Say, you are a personal trainer and sell training and consulting services. Create package options for 5 or 10 personal training with a discount and promote your offer on Instagram and Facebook. Such a strategy works well for beginners and experienced trainers.
3. Handmade Goods
If you create something with your hands, you can start selling it. Remember that people are ready to purchase the goods they were planning to buy as well as something they never bought before. Black Friday is a perfect opportunity to showcase your talent. Use social media to create an attractive selling offer and start promoting it in advance. And no matter whether you make jewelry or create wooden backgammon, you have all chances to skyrocket sales and get lots of loyal clients for the future. Here is the list of the platforms where you can sell your handmade items:
So, what is your product?
4. Buy and Re-sell
To make money on Black Friday you can be a buyer too. Take advantage of holiday deals to buy goods at a discounted price. Lots of people will not have time to go shopping these days and your sales offer can be a good fit for them later. This step needs some investment in buying goods, but still, it can bring you much more in return. You can also try a drop shipping strategy here that doesn’t require any investment from you. All you need is to find a drop shipping partner and start selling. Read more about starting a dropshipping business and where to search for partners.
5. Digital Goods
Digital products bring millions of dollars to people all around the world. That is why most bloggers and online entrepreneurs make money online selling digital goods. If you are one of them, congratulations! Make a deal and be prepared to boost your sales this month. Here is the list of the most popular digital goods to make money with during Black Friday:
- Online courses;
- Software/web applications;
- Music and Podcasts
- Design templates / website themes / social media templates
- Documents templates
If you are ready with your product, here is the list of the best platforms you can use for Black Friday / Cyber Monday deals:
- E-books – Amazon, Blurb, Lulu
- Online courses – Udemy, Teachable, Kajabi, Skillshare
- Software – E-bay, Amazon, ClickBank, PayLoadz
- Music and Podcasts – Spotify, Apple Music, Google Play, Amazon Music, Tidal
- Design templates & Website templates – MOJOthemes, TemplateCloud, Shopify
- Photography – Shutterstock, iStock, Getty Images, Depositphotos
- Documents templates – Creative Market
6. Organize a coupon service
While Black Friday is the time of active discounts it is a great opportunity for you to help brands to meet their clients offering a coupon service and making some cash. Build a website with a catalog of coupons offered by brands and drive some traffic.
Here is the value you can give by implementing such a project:
- People will have an opportunity to find the deals they love
- Brands will get an additional promo
- You will get some money by promoting brands
7. Create Black Friday marketing campaigns
Start a small marketing agency helping brands to launch Black Friday campaigns. If you have the design or developing skills you have even more opportunities for making money. Otherwise collaborate with experts who will help you to close the deals and launch marketing campaigns for your clients.
8. Become a virtual assistant
The period of Black Friday is hot and the most profitable for businesses that offer discounts and sales. It is the time when entrepreneurs need special support and more resources than ever. Use this opportunity to make money as a virtual assistant.
Some of the tasks you can help with:
- Social media marketing
- Blog content writing
- Creative banners design
- Make presentations
- Create / transcript videos
- Moderate webinars/masterclasses
9. Provide a delivery service
Since Black Friday sales are limited in time people would love to be at many places at the same time. It is a perfect opportunity for you to make money by providing a delivery service locally.
10. Become a personal shopper
Charge fee for being a personal shopper and helping people to avoid stresses standing in ques for them. In addition, you can bring even more value by doing marketing research and creating a list of the best Black Friday deals on the market and provide this list to your clients.
As mentioned, this year Black Friday starts on November, 27. So, it is time to hurry up with placing ads for your Black Friday deals.
Define what you want to sell, select the platforms from the lists above, and get ready to meet your customers.
Let’s get it started!