The “Buen Fin” is an annual event jointly created by the Mexican federal government and several private companies in order to boost consumer spending during a designated number of days during which stores and businesses all over Mexico offer discounts and promotions on their products and services.
The Buen Fin is modeled on the United States’ “Black Friday”, and it was first held from the 18th to the 21st of November 2011.
The Ministry of Economy and the Federal Consumer Protection Attorney’s Office (PROFECO).
Participating in the “Buen Fin” has advantages such as exposure and high sales; however, the following table presents both the advantages and disadvantages of participating in this sales event.
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The “Buen Fin” 2021 offers specific support for SMEs1 such as: (1) training for online sales, and (2) creation of special offers and discounts so that SMEs gain experience in selling online competitively.
This year, the “Buen Fin” will be held for 7 (seven) days, from the 10th to the 16th of November.
Wrong use of the Trademark and Logotype of the “El Buen Fin” will constitute an administrative infraction that will be penalized in accordance with the applicable laws.
No. Registration allows you to use the trademark of the event, while the raffle is a separate event organized by the SAT to reward and encourage formal economy.
The “Buen Fin” raffle prize has a total value of 500 million Mexican pesos that will be divided in more than 326 thousand prizes for the small and medium-sized enterprises registered to the “Buen Fin”. You will be participating in the SAT’s raffle upon registration.
The raffle will take place on the 10th of December and will be livestreamed through FB: @satmexico, TW: @SATMX and IG: @satmx.
You may include your logotype in the “Advertising Carousel” at www.elbuenfin.org, provided that you follow the technical specifications in the manual.
1The Secretariat of Economy defines SMEs as (http://www.2006-2012.economia.gob.mx/mexico-emprende/empresas/pequena-empresa) “Small and medium-sized enterprises are businesses that engage in trade and have between 11 and 30 employees or that have annual sales of more than 4 millions and up to 100 million pesos…”.
2 Registration allows to oversee the businesses that will be using the logotype of “El Buen Fin” as well as to create a list of those who will be advertising promotions and offers in this year’s “Buen Fin”.