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6 Ways Your Business Can Save Money on Cyber Monday
November 15, 2018
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6 Ways Your Business Can Save Money on Cyber Monday

Over the past few years, Cyber Monday has taken the country by storm, with consumers spending $6.6 billion in 2017. In fact, RetailDive has reported that more people are projected to shop on Cyber Monday this year than Black Friday.

These sales don’t just apply to consumers; as a business owner, you should also take advantage of the lower prices and once-a-year deals too. Most likely, you’re always looking for ways to save money, so naturally Cyber Monday sales can be a great way to do so. In this post, we’ll provide suggestions on how your business can save money by shopping Cyber Monday sales.

How to Save Money During Cyber Monday

1. Invest in Office Supplies and Furniture

Although 2018 Cyber Monday deals haven’t been released yet, in 2017 Staples had printing paper marked down to $1, 32GB flash drives from $899, and printers starting at $49.99. They also offered 20 percent off all printing jobs over $50, so if you’re looking to print a flyer for a 2019 marketing campaign, you could save money by printing it early. You can also find deals on pens, packing supplies, and even toilet paper.

This is also a great time to purchase office furniture.  In 2017, Office Depot sold office chairs and desks for half their normal price, and FedEx shipping was 25 percent off. Also, if you have the Office Deport credit card, you’ll earn more rewards for free items in the future.

2. Find Electronics at Their Lowest Prices

Historically, Cyber Monday is one of the best days of the year to buy electronics. This year, TechRader predicts the biggest discounts will be on computers, 4K TV’s, DSLR cameras, and gaming systems. Amazon also discounts its own items (kindles and Amazon-brand items), and Apple usually gives small discounts on phones and iPads. If your office needs any electronics, even something as small as a computer mouse or paper shredder, you’ll likely be able to find it discounted during Cyber Monday.

3. Purchase Holiday Gifts for Employees

Employees want to feel appreciated, and one way to accomplish this is to give them an end-of-the-year gift. First, you should check with your HR team to ensure gift-giving is allowed, as some companies have policies that prohibit giving gifts that exceed a certain dollar amount or giving gifts at all. If giving your employees a holiday gift is permissible, you can find great deals on Cyber Monday, even on gift cards.

4. Receive Tax Write-offs

Most items you purchase for your office are tax-deductible, and due to this you’re probably trying to get a few more tax deductions before the end of the year. By spending money during Cyber Monday, you can save money on items you need for your company, while also getting additional tax write offs. In addition, you should consult with a certified tax professional to maximize your benefits and manage all your receipts.

5. Get Travel Deals for Business Trips

If you have a business trip to plan, Cyber Monday could be a great time to book it because many sites offer travel deals. For instance, in 2017, Alaska Airlines had flights from $44 each way and Hotels.com offered 50 percent savings on hotels.

6. Stock Up on Kitchen Supplies

You probably have at least a few employees who bring their lunches from home and eat it in the office. According to Forbes, 90 percent of workers feel more refreshed and productive after they take a lunch break. If your office kitchen is lacking a relaxing atmosphere, Cyber Monday is a great time to spruce it up, because TV’s, microwaves, juicers, and refrigerators will be highly discounted, so you can make the most of your budget!

Conclusion

Before Cyber Monday, make a list of all the items you want to buy, and the stores that you want to check out. Some deals sell out fast, so you may need to get up early to ensure you get everything on your list. While some Cyber Monday ads have already been released, many stores wait until a few weeks (or even days) before Thanksgiving to announce their promotions.

Has your business had good luck with Cyber Monday deals? Give us your best shopping tips in the comment section below!

Fora Financial

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.

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Fora Financial is a working capital provider to small business owners nationwide. In addition, the Fora Financial team provides educational information to the small business community through their blog, which covers topics such as business financing, marketing, technology, and much more. If you’d like to see a topic covered on the Fora Financial blog, or want to submit a guest post, please email us at market[email protected].