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Ready, set, click! Cyber Monday is on

12:48 PM, Nov 29, 2010   |    comments
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  • Expert: Most Cyber Monday shopping done at work
  • LaToya Drake, an AOL Consumer Advisor, told 9NEWS over 107 million people will be shopping online on Monday. She recommended getting the deals as soon as they start.

    "Your best bet is to get in front of those people and go to one-stop-shop sites like walletpop.com. They've aggregated deals for you and they have some great tips," Drake said. "Your inbox is a great place to begin searching for deals because you'll see a lot of retailers pushing those deals to you, and even telling you when they start."

    Drake says the trick is knowing where to look.

    "Start with the sites that are going to give you money back for shopping sites, like shortcuts and fatwallet, where they're giving you, for instance, 8 percent back at Barnes and Noble, and Apple they're giving you 1 percent cash back," Drake said.

    Retail websites are also rolling out their Cyber Monday promotions, a lot of which actually started with Thanksgiving. IBM's Coremetrics reports spending online was up 14 percent from Thanksgiving through Saturday.

    Although online sales are heating up, they still make up a relatively small percentage of total Thanksgiving weekend retail sales. Various estimates peg the percentage of holiday shopping done over a computer at 8 to 10 percent.

    "What you will not see are those doorbusters like you see on Black Friday where you see TVs under 200 dollars because there is an incentive to get you into the store," Drake said. "At least [with Cyber Monday] you avoid crowds."

    Drake says the hottest online buys this Monday for adults are E-readers such as the Amazon Kindle. For kids, it's the Paper Jamz guitar, a $20 paper thin guitar that actually plays music.

    About 80 percent of consumers say free shipping is the best online promotion, and nearly all sites are offering it. Dec. 17 is free shipping day, but some sites have a spending threshold or require a free shipping code. Check out www.freeshipping.org for more info.

    With everyone back to work after the long weekend, a lot of online shopping is expected to occur in the workplace. Last year, almost 60 percent of Cyber Monday shoppers made their purchases during work. According to recent studies, many employers don't mind a little Cyber Monday action as long as work still gets done.

    The Colorado Retail Council predicts a 2 percent increase overall this year for the holiday shopping season.

    (KUSA-TV © 2010 Multimedia Holdings Corporation)

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