Small business owners know that inventory is key to a successful holiday shopping season.  But what many don't realize is that Black Friday is a great time to shop for new inventory at bargain prices. That's because retailers are looking to unload inventory before the end of the year, and they're willing to give discounts in order to do so. So, if you're a small business owner who wants to take advantage of these deals, now is the time to do it.

Have a plan and stick to it

Planning is key when it comes to Black Friday shopping. If you know what you're looking for, you're much more likely to find good deals and save money. So, take some time before the big day to make a list of the items you need to spruce up your restaurant, upgrade your tech, or create a better customer valuable customer experience, and the stores where you can find the best deals. That way, you won't waste time wandering around aimlessly and end up spending more than you intended.

• Be prepared to spend some time shopping. Black Friday is one of the busiest shopping days of the year, so be prepared to spend some time in the stores if you're looking for items that can be used in a residential settings as well. That means dressing comfortably and bringing along snacks and drinks to keep you going. It also means being patient and not getting frustrated if you can't find what you're looking for right away. The key is to stay calm and take your time – eventually you'll find what you're looking for at a great price.
• Don't forget about online shopping. In addition to spending time in physical stores, don't forget about online shopping. Many retailers offer Black Friday deals both in-store and online, so you can take advantage of savings no matter where you are. Plus, with online shopping you can often find better deals and avoid the crowds. So, if you're not a fan of crowded stores, make sure to check out online Black Friday deals as well.
• Be aware of scams. With all the excitement surrounding Black Friday, it's easy to get caught up in the frenzy and forget about being careful. But it's important to remember that there are always people out there trying to take advantage of unsuspecting shoppers. So, be on the lookout for scams, such as fake ads and websites that try to steal your personal information. If something seems too good to be true, it probably is. Just use your common sense and you'll be fine.
• or retailers, Black Friday is a good opportunity to stock up on seasonal items such as holiday decorations and winter clothing. And for e-commerce businesses, Black Friday can be a chance to snap up deals on shipping supplies and new equipment. When it comes to food service businesses and non-perishable items such as canned goods and spices for food service businesses, save money and buy in bulk since they can be stored for long periods of time. FBy taking advantage of Black Friday sales, small business owners can stretch their budgets and set themselves up for success in the coming year.

Take advantage of sales and discounts

When it comes to Black Friday shopping, there are a few things that you should keep in mind in order to get the best deals. Many retailers are willing to negotiate prices, especially on big-ticket items, so it never hurts to ask. Remember that doorbusters are usually one per customer, so if you're shopping for a new wireless mesh router to keep your office communications working seamlessly, make sure to grab it before someone else does. Finally, don't forget to use coupons! Many stores offer additional savings on Black Friday, so be sure to take advantage of them.

However, it can be easy to get caught up in the excitement and overspend. To avoid making impulse purchases that you may later regret, it is important to create a budget and stick to it.

Compare prices online and in store

Small business owners have to be especially mindful of their spending during black Friday sales. Comparing prices between online and in-store retailers can be a tricky task, but there are a few tips that can make the process a little easier.

• Take advantage of online resources like price-comparison websites and apps. These can help small business owners quickly find the best deals on the items they need.
• Sign up for email newsletters and loyalty programs from their favorite retailers. This way, you'll be alerted to any special deals or discounts that may be offered during black Friday.
• Small business owners should remember to factor in shipping costs when comparing prices between online and in-store retailers.
• Make sure that you're aware of the return policy of the retailer you're purchasing from. Some retailers have stricter return policies during the holidays, so it's important to be aware of that before making a purchase.
• Don't be afraid to negotiate with the retailer. Remember, they're looking to get rid of inventory, so they may be willing to give you a better deal than the listed price if they know you're a small business.
• Look for rebate offers. Some stores offer rebates on Black Friday purchases, which can help restaurant and retail owners save even more money. Rebate offers are typically found in flyers or on store websites, so be sure to check for them before making a purchase.

Use your smart devices to help you shop smarter

Small business owners have a lot to think about when it comes to Black Friday. They need to make sure they are getting the best deals on the products they need, while also keeping an eye on their budget. Technology can be a great tool for small business owners who are shopping for Black Friday deals.

Social media platforms like Twitter and Facebook can be used to find out about sales and discounts that small businesses may not be aware of otherwise. Small business owners can also use social media to connect with other small businesses who may be able to offer advice about Black Friday shopping. Also, don't ignore TikTok and Instagram. many retailers may offer additional savings with coupon codes on different platforms.

Use mobile apps to take advantage of flash deals when shopping for Black Friday deals. There are a number of apps that allow users to find discounts and sales from retailers. This can be a great way for small business owners to save time and money on Black Friday purchases.

Conclusion

Black Friday is a great opportunity for small businesses to make money and save money! Apply the tips we've discussed in order to make the most of this shopping holiday. Remember businesses need to plan ahead, have a budget, be discerning, and stay connected online so you can set your small business up for success on Black Friday. 

If you've allocated your available funds for Black Friday in the months leading up to it in order to prepare your own small business, then you should consider Fundomate's small business funding program. If you're a small business owner who needs up to $350,000 in working capital to grab the best deals during the holiday shopping season  Fundomate's small business funding program or our new interest-free program may be the solution for you. Unlike other traditional forms of loans and financing, Fundomate's working capital product for small businesses does not impact your credit score, require a personal guarantee, or set restrictions on how or what you can use your funds for. 

‍Plus, the process is not only quick and easy but offers attractive advantages:

• get funded within one business day
• no restrictions on how you use the funds
• generous eligibility requirements including a minimum of $10,000 monthly gross revenue, 12 months or more of business history and a low minimum credit score of 600 and above

Contact us today to see how we can help you get ready for the biggest shopping day of the year with up to $350,000 in working capital or up to $20,000 in interest free small business funding.