Jody Victor® finds out about Cyber Monday

Jody was curious about the origins of Cyber Monday. This is what he found out:

  • Cyber Monday is a term first used by shop.com in November 2005. It has since become one of the biggest online shopping days of the year. The name grew from the observation that people were returning from their Thanksgiving break to their high-speed Internet and buying what they liked on Monday at work.
  • Cyber Monday Online sales went from $610M in 2006 to $1,251M in 2011. This year is projected to be $1.5B and up to as much as $2B.
  • Many employers had to fire employees or restrict/block employees from accessing certain websites.
  • In 2006, shop.com set up a new website, cybermonday.com, where you can see many deals all at once.

Some pointers:
Don’t shop at work.
Don’t shop while driving.
Sites like cybermonday.com allow you to comparison shop.

Jody asks, “Do you shop online for Christmas?”