While it can be easy to look at Cyber Monday as that day that you buy a new TV for your living room or finally pull the trigger on an Amazon Echo (yes – they’re $149 today), it’s also a great time to lock in savings for your business.
I started doing this years ago, and it has saved me a small fortune over the years. There’s also some simple data-driven logic that I now apply to it that makes it more systematic. Here’s how to perform the analysis yourself:
- Look at your business bank account
- Review services that you pay monthly
- Go to the website of each company, see if they are offering a Cyber Monday deal on the year
- Pay the year in advance at the Cyber Monday rate
- Now look at services you have already paid for a year in advance for
- Go to the website for those companies and see if they have a Cyber Monday deal
- Next – equipment, are you buying any laptops, monitors, power strips, etc. in the first 3 quarters of 2016? Buy them now instead.
- Now for domain names – planning on renewing next year? Look for Cyber Monday deals at your registrar.
- Next up, gift cards – sometimes companies you use on a regular basis will offer gift cards where you pay $80 and get $100 credit or similar. If you know you’re going to spent $2,000 with a particular company, and you can get $2,000 in gift cards for $1,600 you’ll save $400 just for leveraging this deal. I’ve done this many times and it’s one of the things I see get overlooked so often because people only think of gift cards as gifts for other people.
- Last but not least – if you need new clothes for work, Cyber Monday is the best day to buy online, pick your favorite brands and there’s a good chance you can lock in savings that you won’t see until this time next year.
So don’t look at Cyber Monday as a time to lock in some serious savings for your business and start 2016 ahead of the pack.
And don’t forget to check out retailmenot and several other coupon sites the other 364 days of the year.