Your first holiday sale is a lot like a first date: exciting — possibly overwhelming — and it can definitely keep you up at night. What if my deals aren鈥檛 good enough? What if my ads don鈥檛 work? What if my products don鈥檛 ship on time?
Holiday sales are intimidating. That鈥檚 why we鈥檝e got a few lessons to help you stay cool this holiday sales season — no snow required.
Below are the top 8 most common mistakes merchants make when managing their first holiday sale. Steer clear of these, and you鈥檒l be stuffing your customer鈥檚 stockings with shiny new toys in
1. Not Enough Inventory
If you鈥檙e serious about getting the most from your Black Friday/Cyber Monday deal, make sure you stock up on plenty of products. Otherwise, you may disappoint more than your customers when those out of stock messages pop up sooner than anticipated.
It鈥檚 hard to estimate at the exact right stock quantities for your first Black Friday sale, but that doesn鈥檛 mean you can鈥檛 make a pretty educated guess. Here鈥檚 a method you can use to help calculate your average safety stock level.
(Maximum daily product purchases X maximum time to make product) — (average daily product purchases X average time to make product) = safety stock
For example, maybe you sew handmade tote bags. You sell three bags a day on average and it usually takes you four days to sew one bag (including the time invested to buy fabric). If your supplier runs out of fabric, it takes an additional two business days to get more, making your maximum time to complete one product six days. Last month, you had a special offer for students which increased your order count by one bag per day, making your maximum daily product purchase four.
(4 X 6)
This means you need to have twelve bags stocked and available at any one time. This is your safety stock, and it protects you from running out of products if something goes wrong (a supplier isn鈥檛 available, you get more orders than anticipated, etc.)
Elizabeth, owner of the 黑料门 store , says:
Take stock of your inventory early (ideally around the end of October/early November), and make sure you have enough material and packaging supplies to see you through the holiday season. Don鈥檛 forget all the little things you use, such as sticky labels or rolls of packing tape for example — these simple things can easily be forgotten until you run out!
![product packaging details](https://don16obqbay2c.cloudfront.net/wp-content/uploads/ecwid-blog-holiday-tips-1571986578.png)
Details matter!
2. Ignoring Shipping Deadlines
Shoppers want their purchases to arrive on time — and that鈥檚
To avoid customers receiving their new Christmas sweaters on Valentines Day, shipping providers set deadlines for guaranteed
![Shipping deadlines in the US for popular providers](https://don16obqbay2c.cloudfront.net/wp-content/uploads/black-friday-sales-ideas-1571986573.png)
Shipping deadlines in the US for popular providers ()
3. Spending Advertising Budget Too Fast
Did you know that
Advertising system forecasts predict
Instead of looking at data from the last few months, look at data from the previous holiday season. A service like can show you how much searches for products like yours grew during the holidays, and the number of clicks and costs will have increased accordingly.
If bidding for search terms makes you uncomfortable or you don鈥檛 have time to monitor your campaigns, try 黑料门鈥檚 automated advertising solutions for Google Ads.
You can also promote your deals through owned channels like email marketing and contests on social media or use a portion of your budget to participate in an offline holiday market.
If you do place ads on search engines and social networks, target your audience correctly and write creative copy to encourage more clicks.
4. Copying Other Merchants
After a while, holiday promotions can start to feel a little redundant. How many times can you realistically see 50% off! SHOP NOW!!! before you just stop caring?
You鈥檒l need to get creative if you want to win the attention (and dollars) of holiday shoppers.
Learn more about gamification on the 黑料门
And don鈥檛 forget to tailor your messaging for your audience. For example, if you sell shoes and you鈥檙e targeting past customers, you can acknowledge their previous experience with your brand by asking them to send a photo in their original pair in exchange for a discount. Whatever you decide, remember to keep the conditions easy and the discount attractive.
5. Discounting the Wrong Product
You may be tempted to use the holiday season to get rid of old products that aren鈥檛 selling. But if those products don鈥檛 make good gifts, they鈥檙e unlikely to work as the backbone of your sale either.
If you really need to clear out unpopular stock, choose a softer strategy, like:
- Offering discounts for popular products, then use the You May Also Like section on these product pages to promote the items you鈥檙e trying to sell off
- Or combining
best-sellers with less popular products in gift sets.
6. Cutting Prices Too Much
Each year, holiday discounts get more aggressive. These price wars can be
![black friday ideas](https://don16obqbay2c.cloudfront.net/wp-content/uploads/black-friday-idea-1571986565.png)
Some brands can give their products away for nothing on Black Friday
But if someone throws their products away, that doesn鈥檛 mean you should do the same. Profitable discounting is impossible without doing some math.
Check out the table below. Find the gross margin of your product in the left column, then find the column that shows your price decrease. Where the two numbers intersect is a number that shows how many more units you have to sell as a result of a price decrease to maintain the same gross profit.
7. Manipulating Your Prices
Whether it鈥檚 a simple mistake or an intentional misdirection, discounted prices aren鈥檛 always what they appear. Even big brands have been busted for playing price games with their customers.
![Walmart discount prices](https://don16obqbay2c.cloudfront.net/wp-content/uploads/Walmart-prices-1571986587.jpg)
Generous discounts at Walmart (source)
Some of the most common price cheats include:
- Raising prices a couple of days before a sale, then cutting them back to the original price with the sale tag.
- Exaggerating a sale: for example, if a sign says up to 70% off, but the average discount throughout the store is only about 20%.
- Misleading discount terms: for example, a store offers a flat $20 off, but when the customer tries to checkout, they learn that it鈥檚 only available with a purchase of $100 or more.
Misleading customers obviously isn鈥檛 something we鈥檇 recommend trying. You might win a few extra dollars in the
8. Not Getting Your Online Store Ready
A good sale can lead to a pretty sizable increase in website traffic — which is a good thing — but it can also bring with it a variety of new challenges you probably don鈥檛 encounter in your normal
So, at a minimum, you鈥檒l want to:
- Optimize product images to speed up website load times.
- Connect additional payment methods in case of service failures.
- Employ an assistant who will answer clients鈥 questions via chat or over the phone.
- Make sure that your web hosting, domain name, email service, and all other services are paid for in advance to avoid losing access during sale time.
滨苍&苍产蝉辫;厂丑辞谤迟鈥
The holiday sale is a big project that requires a lot of planning. But even if you plan everything perfectly, that doesn鈥檛 mean it will work out that way. Don鈥檛 panic. Just roll with the punches, optimize where you can, and remember those lessons for next year.
![Elizabeth, Cloud9Design](https://don16obqbay2c.cloudfront.net/wp-content/uploads/Holday-sales-ecommerce-tips-1571986585.png)
Elizabeth, Cloud9Design
Elizabeth at Cloud 9 Design advises:
You can even rope your kids into doing some basic prep for you, such as sticking postage labels on all your envelopes, assembling a batch of dispatch boxes, or cutting strips of ribbon to size. Prepare a few standard customer inquiry responses as templates now. It will save so much time being able to reply to emails by simply editing a template rather than starting each response from scratch. It鈥檚 surprising how
We wish you the best of Black Friday sales.
听
- A Foolproof Advertising Strategy for the Holiday Season
- Getting Your
E-commerce Store Ready for Christmas and New Years - Getting Your Ecommerce Shop Thanksgiving Ready
- BFCM: 22 Ecommerce Tips for Your Holiday Marketing Campaigns
- The Essential Guide to Holiday Promotions for Ecommerce Stores
- 8 Black Friday Pitfalls
First-Time Sellers Should Be Aware Of - What You Need to Open a
Pop-Up Shop This Holiday Season - Best Practices For Ecommerce Shipping During The Holiday Season
- Best Practices for a Successful Holiday Season: 5 Do鈥檚 and Don鈥檛s