For those who like to beat the crowds during the holidays and hit the shops from the comfort of their own homes, your big glory day — Cyber Monday — is nearly here.
This Cyber Monday, roughly 121 million shoppers plan to take to the Internet in search of deals, including nearly half of millennials, according to the National Retail Federation’s Cyber Monday Expectations survey.
According to the National Retail Federation, the term “Cyber Monday” originated in 2005. But as the online holiday extravaganza’s 10th anniversary looms just ahead of us, what savings and deals can consumers expect as they shop from their laptops Monday?
WalletHub analyst Jill Gonzalez said that while discounts on books, video games, movies and music saw higher discounts on Black Friday — with 22 to 28 percent discounts on average — Monday is the best bet for scoring better deals on consumer electronics and apparel.
“This year computers and phones are the fifth-worst discounted category at only an average of 14 percent off,” Gonzalez said of Black Friday deals. “Students are better off waiting until Cyber Monday, or if they can, until back-to-school season in late August.”
Groupon will be offering hundreds of “doorbusters” with up to 80 percent discounts. Amazon plans to offer “thousands” of limited-supply deals, with new ones popping up as often as every five minutes all week long, and hundreds more online retailers are expected to get in on the action through CyberMonday.com.
But while consumers indulge in slashed prices and the search for the perfect gifts, it also pays to shop safely online. According to NerdWallet, consumers should only use protected networks or personal VPNs when shopping in public places for extra security. Additionally, NerdWallet suggests creating a PayPal account for convenience and ease of checking out, as well as for added card security.
The American Bankers Association webpage states that shoppers should be sure the retailer’s website uses secure technology, ensuring that the website URL begins with https and that a small padlock symbol appears at the top of the page. Other things to be aware of include setting strong passwords and watching out for phishing scams.
If you plan to participate in the Cyber Monday festivities, Gonzalez said that doing research ahead of time is easier now than ever, with many sites offering price comparisons. Sites such as CyberMonday.com, Pricegrabber.com and Google Products offer everything from general price comparisons to hourly flash sales and lists of coupons and offers.
Here are just a few of the best Cyber Monday electronics deals to keep an eye on:
- Microsoft Surface 2 32GB 10.6” tablet — $190 (42 percent off)
- Nikon D3300 DSLR 24.2MP camera with 2 lenses — $496.95 (50 percent off)
- Apple MagSafe 2 Power Adapters for MacBook Air or Pro — $28.99 (64 percent off)
- ASUS Chromebook C300 13.3” laptop — $174.99 (30 percent off)
- Kindle Fire HD 6 — $69.99 (30 percent off)
- Beats Solo2 Wireless headphones — $199.99 (33 percent off)
- Toshiba Satellite 15.6” laptop — $424.94 (29 percent off)
- HP Envy 4500 wireless color printer/scanner/copier — $59.99 (51 percent off)
- Samsung Galaxy S2 9.7” 64GB tablet — $450 (25 percent off)
- Toshiba 43” class LED HDTV — $249.99 (29 percent off)
- Rocketfish 6-Outlet Surge Protector — $19.99 (50 percent off)
- Select LifeProof nuud iPhone 6 and 6 Plus cases — (40 percent off)
- Sony Blu-ray disc player — $59.99 (33 percent off)
- Xbox One Kinect sensor — $99.99 (33 percent off)
- Nikon Coolpix L840 16.1MP Digital Camera — $169.99 (43 percent off)
- Samsung 37" Soundbar 120W 2.1 Channel — $87.99 (51 percent off)
Danielle Hendrix is a News Editor for the Central Florida Future. Follow her on Twitter at @ByDaniHendrix or email her at DanielleH@CentralFloridaFuture.com.