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So sales have already begun for the hectic day which we refer to as "black Friday". I had a few gift ideas in mind for my girl, so I figured I'd take a quick look. Walmart's sales started at 6pm tonight. As i rolled up to walmart I began to laugh to myself. There was caution tape lining the crosswalks, police enforcement at the doors, parking lots filled to the max, and people everywhere. I entered the store now almost as a social experiment just to observe consumer behavior during such a hectic time of shopping.
This brings us to the topic of time valuation. I saw the lines had to be at least a half hour wait, every single one of them. I knew at that moment I would not purchase anything. Saving a few dollars is not worth the loss of time I would experience by waiting in those lines. Hundreds of people were lined up like drones, at least that's the way I saw it. I proceeded to the back of the store and time valuation was at an all time low. There were lines of people waiting for a product release that weaved through several isles. I can't even begin to estimate how long they would be waiting.
I took a quick look at what I came for, saw less than phenomenal prices, and proceeded to exit and go home. Why would I spend such a long time in line when on any given day i can find bargains on the internet and have them delivered right to me without moving a muscle. This brings us to the topic of entrepreneurial opportunity. Obviously some consumers will be smart enough to shop online. Opportunity. Obviously consumers will flock by the thousands to a retail store for a great sale. Opportunity. "Cyber Monday" brings consumers to the internet market for more holiday shopping. Opportunity.
I believe a respected member on here once said that many of the products, particularly electronics, aren't even the same items on black Friday. They are specifically made to fit the cheaper price tag.
Anyone else have any thoughts of stories about black friday?
This brings us to the topic of time valuation. I saw the lines had to be at least a half hour wait, every single one of them. I knew at that moment I would not purchase anything. Saving a few dollars is not worth the loss of time I would experience by waiting in those lines. Hundreds of people were lined up like drones, at least that's the way I saw it. I proceeded to the back of the store and time valuation was at an all time low. There were lines of people waiting for a product release that weaved through several isles. I can't even begin to estimate how long they would be waiting.
I took a quick look at what I came for, saw less than phenomenal prices, and proceeded to exit and go home. Why would I spend such a long time in line when on any given day i can find bargains on the internet and have them delivered right to me without moving a muscle. This brings us to the topic of entrepreneurial opportunity. Obviously some consumers will be smart enough to shop online. Opportunity. Obviously consumers will flock by the thousands to a retail store for a great sale. Opportunity. "Cyber Monday" brings consumers to the internet market for more holiday shopping. Opportunity.
I believe a respected member on here once said that many of the products, particularly electronics, aren't even the same items on black Friday. They are specifically made to fit the cheaper price tag.
Anyone else have any thoughts of stories about black friday?
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