We know it seems like Black Friday and Cyber Monday are far off, but now is the perfect time to start planning to ensure your business is ready for the biggest shopping days of the year.
In 2023, Shopify sellers made an impressive $9.3 billion globally on Black Friday, with $4.2 million made in just one minute, and 55,000 merchants experienced their best day ever. These stats highlight the immense potential that Black Friday and Cyber Monday hold for online businesses.
To help you prepare, we’ve compiled an article on how Nexi alternative financing solutions can support you in key areas like financial planning, inventory investment, and more.
1. Financial Planning for Black Friday and Cyber Monday
Why It Matters: effective financial planning is crucial to ensure you have the resources needed to maximize sales during these major shopping events.
How Nexi Funding Can Help: prepare for increased demand, ensuring you have enough capital to fund your Black Friday and Cyber Monday efforts.
2. Securing Inventory Investment
Why It Matters: running out of stock on popular items can lead to missed sales opportunities and disappointed customers.
How Nexi Funding Can Help: ensure your inventory levels are optimized for the expected surge in demand. This helps you avoid stockouts and capitalize on every sales opportunity.
3. Boosting Marketing Efforts
Why It Matters: a well-executed marketing campaign can significantly increase your sales during Black Friday and Cyber Monday.
How Nexi Funding Can Help: support to enhance your marketing efforts. Whether it’s email marketing, social media ads, or other promotional activities, our Merchant Cash Advance solutions ensure you can reach a wider audience and attract more customers.
4. Upgrading Technology and Website Performance
Why It Matters: your website must handle high traffic volumes and provide a seamless shopping experience to maximize sales.
How Nexi Funding Can Help: invest in technology upgrades. Improve your website’s speed, ensure it’s mobile-friendly, and enhance the checkout process to reduce cart abandonment.
5. Post-Sale Financial Management
Why It Matters: effective post-sale management helps in building long-term customer relationships and maintaining financial health.
How Nexi Funding Can Help: handle returns efficiently, manage cash flow, and invest in post-sale marketing efforts to keep customers engaged.
Success Story: Vintage Guitar Company’s Journey with Nexi!
We’re thrilled to spotlight the success story of a vintage guitar company that secured $250,000 through a Merchant Cash Advance from Nexi!
This funding is fueling their growth, enabling new opportunities, scaling operations, expanding inventory, and enhancing customer experiences.
Get Ready for Black Friday and Cyber Monday now!
Prepare to maximize your sales and achieve remarkable success by focusing on financial planning, inventory investment, marketing, and technology upgrades.
Nexi is here to support you with the financial backing and expertise to execute your plans seamlessly.
Be ready to make the most of Black Friday and Cyber Monday!
💼 Register as a New ISO/Broker
📅 Book a Call with an ISO Rep
🔗 Merchants, Apply for Funding
📞 Call Us: 800-499-NEXI (6394)