Singles’ Day 2019 Explained

Singles’ Day 2019 Explained

Singles’ Day is 4 x bigger than Black Friday & Cyber Monday combined and has now become the largest shopping day in the world but it’s less well known in the UK, however, over the past few years it’s been growing and some of the deals are decent hence us posting about it, although the timing couldn’t be worse as it always falls on Remembrance/Armistice Day!

Singles’ Day is a celebration of being single, it originated at a University in China in 1993 where students celebrated their pride in being single, now it’s gone global with two of China’s biggest online stores taking orders worth US$44.5 billion on just one day (2017), it’s estimated in 2019 the UK will see sales worth £1.3bn 1.

Deals are normally available for phones, tablets, smart lightning, headphones, chargers, scooters, robots, drones, cameras and loads of other tech products.

Companies that normally partake in the day:

Some that may also join this year:

Things to watch out for:

  • Prices increasing before the event and then dropping again
  • Fake sales
  • Product with similar specs being available elsewhere for less
  • New sellers with poor reviews
  • Import Duty / VAT on non-UK purchases
  • Hidden delivery until you get the to the checkout
  • Google Translate will help with your buying
  • You will want to use a credit card and/or card like Curve that ensure you don’t overpay on non GBP payments
  1. Yahoo

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Important things to remember with everything we post:

  • If you earn over your personal allowance (currently £12,570 a year) HMRC need to get their % cut (even if the money is in cash or from another country)
  • If you’re working for yourself / earning an income on the side you need to let HMRC know – There are numerous benefits but also some drawbacks
  • You need to always ensure whatever you’re doing is legal and not hurting anyone else – be careful and always think twice
  • Some income streams may require you to have DBS check, licence, insurance or qualifications before you can start to profit from it, do your research.
  • Be careful that any additional income doesn’t compromise your studies or main income/job
  • If you work for a company check your contract, if you don’t inform them you’re working on other side projects outside of work they may have grounds to ownership on this work

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