What Is The Difference Between Black Friday And Cyber Monday?
Although Black Friday and Cyber Monday are the two biggest shopping days of the year, both have some major differences.
Here, we will explore the two main differences between these two important events.
They are primarily:
- Black Friday is a much older concept than Cyber Monday. One originated in the 19th century, while the other was in the 21st century.
- Cyber Monday is entirely based on digital or e-commerce transactions. But Black Friday is based upon both physical and digital transactions.
1. Black Friday Is An Older Concept Than Cyber Monday
Do you know? For the first time, the concept of Black Friday came out in 1869, when two persons, named Jay Gould and James Fisk tried to manipulate the US gold market.
Their attempt led to a major market crash (18 percent).
However, back then, its meaning was not exactly the same as it is today.
1961, evolution started taking a similar form of meaning as we understand it today.
At that time, Police in Philadelphia and Rochester used the term “Black Friday” to describe the massive crowd and traffic jams during the shopping days after Thanksgiving and before Christmas.
But if we look at the evolution of “Cyber Monday”, then it is quite a new term, that started being used in the 21st century. Cyber Monday debuted on November 28th, 2005.
Ellen Davis the President of the National Retail Federation first used the term to describe the first Monday after Thanksgiving as the biggest online shopping day of the year.
2. Cyber Monday Is Based Upon Digital World, Where Black Friday Is Both Physical & Digital
Cyber Monday is entirely based on the Internet theme. It promotes e-commerce or digital transactions.
This day, e-commerce giants like Amazon.com, Flipkart, eBay, Godaddy try to lure their customers by providing massive discount rates on their products.
But if we look at Black Friday, then it is quite different.
It represents both sales, no matter it’s digital or physical. For this reason, Black Friday is also a much bigger shopping day compared to Cyber Monday.