The Buen Fin is an excellent time to take advantage and make your purchases, those of your family or business, here we tell you a little more about El Buen Fin and some recommendations to make the most of your purchases.
If you are a business and want to know more about what you have to do as a business to participate in the Buen Fin, we recommend you to see the following link .
When is El Buen Fin 2024?
The 2024 Good Friday 2024 will be from November 15 to 18, 2024.
What is El Buen Fin?
El Buen Fin is an annual commercial event held in Mexico. During this period, which generally extends over a long weekend, discounts and special promotions are offered on a wide variety of products and services. The Buen Fin aims to encourage consumption and stimulate the economy by promoting the purchase of goods and services at lower than usual prices.
This event originated with the intention of emulating the concept of "Black Friday" in the United States and "Cyber Monday", which are also days of deep discounts and massive purchases. The Buen Fin usually takes place in mid to late November and is supported by both the government and the private sector.
During the Buen Fin, participating businesses and stores offer significant discounts on a wide range of products, from appliances and electronics to clothing, footwear and household products. It is also common for financial institutions to offer promotions on loans and banking services during this period.
The Buen Fin has become a shopping tradition in Mexico, and many people look forward to this event to make important purchases or anticipate Christmas shopping at more affordable prices. However, there has also been criticism regarding the possibility that some offers may not be genuine or that people may go into debt due to impulse purchases.
In summary, the Buen Fin is an annual commercial event in Mexico that offers discounts and special promotions on a variety of products and services during a long weekend, with the objective of stimulating consumption and the country's economy.
El Buen Fin 2023 Statistics
- Generated $151 billion pesos in total sales
- 56% of sales were made with debit cards and cash.
- Credit and debit cards are the most commonly used methods.
Online sales
- Online transactions increased 54%.
- 6 out of 10 Internet users say they have shopped on the Buen Fin 2023
- 85% of shoppers purchased in both physical and digital channels
- The 3 most purchased categories remained the same, Fashion, Electronics and Appliances.
- 9 out of 10 shoppers are satisfied with their purchases
- The majority of purchases were made through mobile devices.
Download the buen fin 2023 results report here
El Buen Fin 2022 Statistics
- Generated $134.4 billion pesos in total sales
- 56% of sales were made with debit cards and cash.
- 105 million total transactions were generated
- Credit and debit cards are the most commonly used methods.
- The average discount is 17%.
Online sales
- 23.7 billion pesos were sold in online sales
- 19.9 million transactions were generated online
- 6 out of 10 Internet users say they have shopped on the Buen Fin 2022
- 77% of shoppers purchased in both physical and digital channels
- The 3 most purchased categories were Fashion, Electronics and Appliances.
- 9 out of 10 shoppers are satisfied with their purchases
- The majority of purchases were made through mobile devices.
Download the buen fin 2022 results report here
How can I find out which companies or businesses are participating in El Buen Fin?
On the official website of El Buen Fin, you can see the list of participating businesses, these are registered businesses that registered to participate in this activity.
What if a business is not registered but claims to have El Buen Fin promotions?
All businesses that use the word "El Buen Fin" or its logo must be registered, if the business does not appear on this list it runs the risk of being sanctioned. Maybe the business was not aware of this and just wants to take advantage and give discounts to take advantage of the activity. As a consumer we recommend you to be careful, just make sure it is a trustworthy seller.
How to take advantage of El Buen Fin as a consumer
Prepare ahead of time
We recommend that with time, maybe a month before (around October) you take into consideration if there are products or services that you are looking to buy soon. Check different physical and digital places to see the prices they handle.
Follow the brands on their social networks or emails to be aware of their promotions and be able to make the best decisions ahead of time.
Organize your priority expenses
The Buen Fin is an excellent time to buy products of higher economic value such as appliances, home decor, among others. You can also take advantage of it to buy clothes with great discounts. Make a list of the things you really need and that are the most important and once El Buen Fin arrives, determine if it is worth the expense.
Set a budget for El Buen Fin
If you just want to take advantage and buy a few things but don't know what yet, try to have a fixed budget that you can be sure you can afford. Avoid going into debt or spending more than that fixed amount.
Take advantage of the first days
If it is a product that you really want, try to take advantage of the first few days to be able to buy the product, this way you will avoid running out of stock. Again, only if it is something you really want and it is already within your expenses and budget.
Take the opportunity to buy Christmas gifts
It is a good time to take advantage of discounts on some products or services that you can give as Christmas gifts to your relatives, friends, partner, etc. Take advantage of it and look for gifts for these dates.
How can I shop online securely?
There are several things you can do to be able to shop safely on the Internet, here are some tips.
Make sure it is a secure site
There are many ways to explain this, but in short in your navigation bar the address or url should start with "https://" with an "s" after http and your browser (Chrome, Edge, Firefox, etc) should have some kind of security lock.
If the site does not have these two components, do not shop there.
Purchase with digital cards
Nowadays many banks allow you to enable a digital card from their mobile application, this card is similar to a fixed card, only that it changes its CVV code. That is, it is not fixed, giving more security to your purchase. We recommend you to enable this card and make the payment with it to avoid problems.
Check out the reviews
No matter where you buy, check the reviews of the products. When they are Marketplaces like Amazon or Mercado Libre, there the reviews can tell you a lot about the supplier or the product.
When they are their own stores, check what opinions they have of them both in their own store and on Google or any social network (Instagram, Facebook, etc).
Check delivery dates
One of the main misunderstandings can come with delivery dates. If you are going to buy what you need in a certain time, be sure to check the costs and delivery times to avoid problems or misunderstandings, if the business does not make it clear, try to contact them.
Avoid buying using public networks
Preferably shop online on a secure network such as your home, office or using your provider's Internet (Telcel, Movistar, ATT, etc). Avoid making your purchase if you are connected to a public network in a restaurant, shopping mall, etc.
Check additional fees
Check your order before confirming your purchase. Check that the prices are correct, see if there are any additional charges for taxes, fees or shipping.
Conclusions
As a consumer, El Buen Fin is an excellent time to make purchases, plan your priorities and budgets well and try to check prices before El Buen Fin, so you can determine if the promotions are worth it these days. Don't forget to shop safely.
If you like your products don't forget to leave a product review. Many times as consumers it goes away, but this can mean a lot to other shoppers and help businesses grow (plus sometimes you can earn discounts).
Have a great Buen Fin