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.
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 an 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 among the highly purchased products last year were the following:
1st place – Communication Devices
2nd place – TVs
3rd place – Vacuum cleaner
4rth place – All in One PCs
2018 Black Friday predictions are also focused around Tech categories of products:
- Laptops and Computers
- Tablets / iPads / eReaders
- Communication Devices
If you feel that technology is not the best for you, check out such categories as – –
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 the 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 holidays 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 for 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 drop shipping 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 be 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
This year Black Friday starts on November, 23. 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!
Tania Artemova is a personal branding strategist, entrepreneur, blogger and motivator. She is a founder of IStartHub and a Co-founder of Great Create Web Agency.