“Double-11”, a popular term describing the November 11th (Single’s Day), appeared in 2012. In this day, a large number of online retailers have sales and some activities, the sale amount is always refreshing record according to Alibaba’s report. Why there is a such high sales amount in that day?
Firstly, Alibaba did well in value proposition, it has a solid base that people are more rely on online shopping instead of going to entities, it’s convenient and electronic transfer doesn’t give a real feel that you have spent a lot of money. So it has a large market and consumer segment which can support greatly discount and bring higher profit.
Secondly, its intensive advertisement is an essential strength of Alibaba. You can find them everywhere, in TV and all kinds on websites, especially the social network sites like Weibo. All propaganda catch words “Single” and “Loneness” which attract single people to be willing to shopping. In addition, it includes more than 27000 global brands with catchy sales activity and really low price, so not only single people, couples, middle-aged people and even old people all take part in.
I suggest Alibaba improving its mobile transaction which is slightly lagging. They can hold some activity like buy one get one or discount to encourage people using mobile devices to shopping. Using mobile devices facilitates consumers to shopping wherever they are and enlarge the market, so it will bring more benefits to both buyers and company.
http://www.bbc.com/news/business-29999289
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