Useful information about Black Friday that takes place on the last Friday of November is given by the Cyprus Consumers Association.
The institution of Black Friday started in the 60's in the USA and is essentially the beginning of the Christmas shopping season.
The Cyprus Consumers' Association urges to conduct a market research from now on. "Locate the products that you may be interested in and note their price, so that you can more easily have a true picture of the amount of discounts that will be announced on Black Friday. The goal is to buy those products that are not offered at a discount the rest of the year. "There will be other opportunities for other products," he notes.
Remarkable, he advises is not to make hasty purchases - buy what you really need, do careful market research, comparing prices and product qualities.
"Do not buy a product simply because it is on sale. Study the features of the product that you are interested in, in order to make sure that it meets your needs and requirements. Look for reviews on product quality. "Evaluate the final price, not the discount", it is stated.
Another tip of the Association is the use of the internet. "Use the internet, not only to make purchases, but also to find alternative products, reviews for the product you are interested in, as well as the selling price of the product from other suppliers. But pay attention to products with very large discounts that do not have all the necessary information, such as, exact details of the seller's address or a complete description of the product features "is added.
Price, it is stated, should not be the only criterion, especially if you intend to buy a product of value (eg mobile phone, computer), it is important to evaluate the reliability and quality of service of the specific seller. Ask other consumers about their experiences, such as the seller's warranty response and after-sales service.
"Set your budget in advance. It is obvious that on Black Friday there will be several offers and it will be easy to get carried away. Determine in advance what you need and the maximum amount you want to spend, taking into account your financial capabilities. "Your goal may be a mobile phone and in the end you end up with a TV that you do not need", it is noted.
The Association urges consumers to be informed about the store's return policy before making a purchase. "Remember that according to European legislation, there is no legal obligation for purchases from a store and it is up to the policy of each store to accept returns or changes. This does not apply to online purchases, where consumers have the right to withdraw up to 14 days after receiving the product ", it is noted.
Consumers should also be aware of whether the store they are interested in applies the Consumer Code of Conduct and whether it participates in the Alternative Consumer Dispute Resolution mechanism.
Source: KYPE