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Offering Discount Coupons – Time Tested Strategy To Boost Sales

Businesses have long realized that offering discounts, bargain deals, and similar pricing strategies are one of the best ways to move inventory. http://www.dontpayall.com/

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Offering Discount Coupons – Time Tested Strategy To Boost Sales

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  1. Offering Discount Coupons – Time Tested Strategy To Boost Sales

  2. Businesses have long realized that offering discounts, bargain deals, and similar pricing strategies are one of the best ways to move inventory.Discounting, nonetheless, must be a well-thought out plan to draw new customers and achieve targets. Before you jump on the bandwagon of coupon codes offerings, you first need to plan your pricing structure and ensure your profits are protected.

  3. It makes good sense for businesses to take the following steps:Evaluate their existing profit margins and break even pointsUnderstand what their competitors are doing; what kind of discounts they are offering and other similar strategiesThink of other methodologies to drive sales without having to offer discount coupons Identify periods during the year when sales are low

  4. The impact of psychological pricingPricing can be crafted to have a strong psychological impact.For example, a discount coupon can offer a price of $99 instead of $100. This is because consumers will feel $99 to be significantly less than $00.

  5. Offer free shippingA research finding has shown that one of the primary reasons for shoppers abandoning carts – adding items to the cart but leaving before making the purchase – is the perception that shipping costs are high.Therefore, there are compelling reasons why you must offer free shipping

  6. Once consumers buy your product, they become your loyal customers. Think of the long-term purchases they are most likely to make and boost your bottom line.

  7. Make use of exclusive app offersConsumers are now downloading more retail apps on their mobile devices than ever before.Mobile commerce or Mcommerce is growing exponentially thanks to ubiquity of smartphones. Customers are now moving away from desktops and doing their shopping on mobile phones.

  8. As a competitive retailer, it is imperative that you must accommodate shoppers by providing them with an exceptional mobile shopping experience.Discount coupons and deals for several products and services have been lapped up more via smartphone apps than via other modes.

  9. But keep in mind the following:It is not easy to persuade consumers to download your app.Most user prefer to wait before other users do it.A good strategy is to incentivize purchases by offering discounts and special offers to mobile users.

  10. Offering limited time discounts This is a very common strategy adopted by retailers to entice shoppers sitting on the fence.Byoffering limited time discounts over regular price, added pressure will be exerted on shoppers. For example, SAS shoes discount coupons and deals offered for only a month can see a significant rise in sales of SAS footwear well-known for its excellent handcrafted quality and exceptional comfort.

  11. Offer free trialConsumers are more likely to be drawn to your product if a free trial is on offer.Thisis especially true while selling software.MakeMKV is an easy to use software program that rips DVDs and Blu-ray movies to your hard drive. Retailers offer makemkv discount couponand/or 30 day free trial to lure shoppers to buy this product

  12. Some interesting findings have emerged regarding the use of couponsAccording to a professor of Neuroeconimics, coupons directly impact happiness of people.It also promotes good health and enhances their ability to manage stressful situations.Scientists say oxytocin, a hormone that is directly related to love and happiness, shoots up when people receive coupons.

  13. Respiration rates fell; heart rates dropped and sweat levels on the palms lowered considerably. Most businesses are pushing sales by offering coupons and discounts. Whether it is SAS shoes discount coupons and deals to buy quality footwear or makemkv discount couponto buy software that rips DVD and Blu-ray discs, couponing is the way to go.

  14. Don’t Pay All Website: http://www.dontpayall.com/ Email id: contact@dontpayall.com Thank You

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