Wondering how to make a substantial profit on Black Friday? While Black Friday is a shopper’s dream, it can also be an excellent day to fill your wallet. With the right strategies, you can easily make a significant profit on Black Friday while everyone else is just shopping.
As people are splurging on their purchases, it’s clear that the big companies aren’t the only ones who can reap the rewards. Why not you? Here’s how to make money on Black Friday and take control of the shopping frenzy to your advantage.
Top 13 Ways To Make Money On Black Friday In 2024
Black Friday is almost the busiest shopping day of the year. People will plan their entire day around Black Friday shopping. So how can you grab a piece of the action and learn how to make money on Black Friday?
1. Join A Rideshare Service
When trying to figure out how to make money on Black Friday, consider being a driver! With increased demand for transportation during the holiday season, this could be a lucrative opportunity to make money on Black Friday while helping others get to their favorite sales.
In 2024, an estimated 170 million people are expected to shop during the Black Friday weekend, reflecting a steady increase from 166.8 million in 2023.
By joining a rideshare service like Uber or Lyft, you can take advantage of the demand for rideshare services on Black Friday. The prices can be higher than normal, so you can make more money.
2. Provide Delivery Services
Ecommerce and retail stores receive a huge number of orders and purchases on Black Friday, and they have to fulfill them on time. However, the problem is a comparative shortage of delivery services around this time… which means logistics companies hire more vehicles and drivers.
Black Friday is the start of the holidays, so people need to get their items as soon as they order. When trying to figure out how to make money on Black Friday, try signing up for package, grocery, or food delivery apps and snag the Black Friday delivery gigs.
By offering your services to deliver packages, you can tap into a booming market and discover ways to make money on Black Friday without the stress of traditional shopping.
Here are three popular delivery apps to explore:-
- Uber Eats: This well-known platform allows you to deliver food from local restaurants directly to customers. With flexible hours and the potential for tips, you can maximize your earnings during this busy season.
- GrubHub: Similar to Uber Eats, GrubHub offers opportunities to deliver food and groceries. You can choose your hours and benefit from customer tips, making it an excellent option for earning extra cash.
- Lyft: While primarily a rideshare service, Lyft also offers delivery options through its platform. You can sign up for their delivery service and help transport packages, which can be especially lucrative during the high-demand holiday season.
3. Dropshipping
If you want to know how to make money online on Black Friday, consider starting a dropshipping business. This year, projections suggest that around 92 million will shop online showcasing a persistent trend towards online shopping. This means that the holiday season can be the best time to launch an online store.
Your online store can run Black Friday, Cyber Monday, and other holiday sales. The demand for toys, video games, personal care products, jewelry, groceries, books, gift cards, and electronics will spike during the holiday season, so you’ll have plenty of business!
4. Sell On Decluttr
Chances are, you have some extra stuff that you don’t use at home. Instead of going to the store like the rest of Black Friday shoppers, you can take that day to decluttr and sell items you don’t use.
Look around your space for electronics, toys, tools, clothes, furniture, books, appliances, or vintage items in good condition to resell.
One excellent platform for selling unwanted items is Decluttr, where you can trade in your unwanted phones, tech, CDs, DVDs, games, and books for cash. This not only helps you clear out space but also puts extra money in your pocket just in time for the holidays.
By decluttering and utilizing platforms like Decluttr, you can turn your unused items into cash while enjoying a more organized living space.
This approach is one of the simplest ways to make money on Black Friday.
5. Buy and Sell Coupons To Shoppers
If you know where to find valuable coupons, you could make money on Black Friday while helping others save.
Shoppers love coupons, and 19% of shoppers always use coupons when shopping. 26% of shoppers use coupons very often, and 32% of shoppers use coupons sometimes. But finding coupons can be quite a hassle.
Take some work off of other people’s plate (and make some money for yourself) by selling coupons to other shoppers this Black Friday. Search for coupon deals online and help shoppers organize their coupons, so it’s easy for them to shop.
Alternatively, you can use coupons to attract shoppers to your affiliate sites, and you can make a commission from the sales. (More on that in a little bit.)
6. Offer Babysitting and Pet Sitting Services
Everyone wants to go out and snag deals on Black Friday, but it can be a challenge for parents, guardians, and pet owners to get time away. You can offer baby or pet sitting services.
For babysitting, you can earn an average of $16.75 per hour to care for one child, depending on your location. If you’re looking to get started, Care.com is an excellent platform to connect with families in need of childcare. You can create a profile that highlights your experience and availability, allowing parents to find you easily. Plus, the site offers background checks and reviews, which can help build trust with potential clients.
For pet sitting, you can earn about $14 per hour on average. One of the best platforms to consider is Rover. Rover allows you to offer your pet sitting services to pet owners in your area. You can set your rates, choose your services (like dog walking, overnight stays, or drop-in visits), and manage your schedule easily through their app.
By offering your help, you can learn how to make money on Black Friday through simple, effective services.
7. Sell Christmas Gifts and Decor
After Black Friday is the Christmas season, so many shoppers buy presents and decoration items during this time in preparation for the holiday season.
43% of people in the U.S start their shopping in October, and Black Friday is the peak time for buying items.
If you have crafting skills or access to unique items, selling Christmas gifts and decor can be a fantastic way to cash in on the festive spirit and make money on Black Friday.
Also, you can DIY and sell other Christmas items, like wreaths, trees, cards, and much more. Create an Etsy store to sell your DIY items. Then, don’t forget to promote yourself on social media sites like Instagram, TikTok, and Facebook!
8. Sell Affiliate Products
If you’re wondering how to make money online on Black Friday, look no further than affiliate marketing.
Black Friday is the best season to earn thousands of dollars through affiliate marketing. While shoppers rush to buy stuff, you can take the opportunity to drive more sales for your affiliates and earn a commission. Many online stores partner with affiliates to sell products and payout high commissions.
Which Ecommerce Companies Offer A Great Commission On Affiliate Products?
Some of the best programs you can join include –
- Amazon Associates allows you to earn up to 10% in commissions on qualifying purchases, with rates varying by product category. Some categories offer lower rates, such as 4% for apparel and accessories, while the Amazon Games category offers the highest commission rate at 20%.
- Shopify pays affiliates for referring merchants to their platform, though specific commission rates can vary based on the plan and partnership agreement.
- Walmart Affiliates earn a commission on any customer orders made through their affiliate links. The exact commission rate isn’t publicly specified, but it generally ranges within competitive standards.
- Coinbase Affiliates earn a significant 50% commission on the fees generated from customers who make purchases through their referral links.
- Target Affiliate Program offers commissions of up to 8% on qualifying sales.
- Etsy Affiliate Program allows affiliates to earn a commission on any sale made through their affiliate links across all storefronts.
- Apple Affiliate Program can earn commissions by promoting Apple services and products, though specific rates can vary based on the type of media sold.
- eBay Affiliate Program pays affiliates to direct traffic to their marketplace, with commission rates varying based on the category of the items sold.
9. Promote Your Online Store
Do you have merchandise that you sell online? Black Friday is the perfect time to boost your sales. Create and optimize your online shop for maximum sales. 50% of global internet traffic comes from mobile devices, so make sure that customers can place orders on your eCommerce store using their phones.
Also, create Black Friday offers and make sure that you promote them one week ahead of Black Friday. Utilizing social media, email marketing, and special discounts can help attract customers and boost your sales, demonstrating effective ways to make money on Black Friday.
10. Make Money Selling Products On Amazon
Another excellent way to generate revenue on Black Friday is to sell Amazon products. This type of side hustle is different from Amazon affiliates. FBA means fulfilled by Amazon, and it means that you store your merchandise in Amazon warehouses, and they fulfill the customer orders for you.
You should note that with Amazon FBA, you should have products, and Amazon will handle the rest. Also, remember that Amazon FBA charges you a small fee for operations, including order fulfillment, customer management, and storage space.
Whether you’re selling homemade goods or sourced products, this is a prime time to maximize your earnings and learn how to make money on Black Friday.
11. Offer Virtual Assistant Services To Online Store Owners
One effective method for how to make money on Black Friday is to offer services like virtual assistance.
eCommerce entrepreneurs are super busy at this time and always looking for support. Pitch your store management, customer support, email marketing, graphic design, social media management, copywriting services, and much more.
There are countless ways to find clients as a virtual assistant. For instance, you can use job boards like FlexJobs or freelance marketplaces like Upwork and Fiverr.
Also, did you know that you can find Virtual Assistant gigs on Shopify? You can join the Shopify Partners program and snag designing, branding, copywriting, marketing, store management, and more freelance jobs. You can also apply or look for VA jobs on social media sites like Facebook and LinkedIn.
12. Buy Products At A Discount and Resell Them On eBay and Amazon
Another surefire way to make money on Black Friday is to buy and resell products later. You can take advantage of the crazy discounts on black Friday to purchase products for reselling.
The trick to buying items for reselling is finding items that will earn you profit. Check the prices of items on sale in the stores during Black Friday and compare the prices on eCommerce stores.
You can use tools like camelcamel.com to track prices, so you know which items to purchase for reselling. Once you find your products, you can resell them on eCommerce sites like Amazon and eBay after the Black Friday craze is over.
This is a practical way to explore how to make money on Black Friday through flipping items online.
13. Hunt For Cashback Deals On Black Friday
Black Friday is not only a crazy-discounts day but also the perfect time to get cash back.
There are various apps and tools to help you find cash-back deals. DollarSprout Rewards is a great option, offering users access to cash-back offers and coupons that can enhance your savings on purchases.
Conclusion
Making money on Black Friday is a great way to be financially savvy. The shopping craze impacts large businesses the most, but there are plenty of ways to ride the wave. When you choose one or two things, you can more than cover the cost of your own shopping spree. That makes this a great way to do your holiday shopping without going into debt!
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FAQs
Yes, you can definitely make money on Black Friday! Whether through offering services like delivery, selling products online, or participating in affiliate marketing, Black Friday provides numerous opportunities to profit from the shopping rush.
The amount of savings you can get on Black Friday varies depending on the retailer and the specific deals they offer. It’s common to find significant discounts, ranging from 20% to 70% off regular prices. Some retailers also provide doorbuster deals, which are extremely low prices on select items to attract customers to their stores or websites.
Black Friday is a major shopping event that takes place after Thanksgiving in the United States and has spread to many other countries. Retailers offer substantial discounts and special promotions to attract customers and boost sales during this holiday season.
While Black Friday does offer many attractive discounts, not everything becomes cheaper during this time. Retailers tend to focus on specific product categories, such as electronics, appliances, clothing, and toys, to draw in more customers.
The most popular items people typically buy on Black Friday include Electronics, Appliances, Clothing and fashion accessories, Toys and games, Home goods and furniture, Beauty and grooming products, Gift cards and subscriptions.
In some cases, prices may go up after Black Friday. Some retailers may raise prices to their original levels or adjust them slightly higher once the Black Friday sales are over.
