Health & Fitness
Tips On How You Can Set Up A Promotional Deal
Want to grow your business and keep your customers happy? Here a few simple steps you can take to truly reward them and make them loyal customers.
Businesses that engage customers with innovative loyalty rewards can expect higher profits as a result of increased sales. From time to time, it is important to increase awareness of your product to re-engage old and prospective clients. Loyalty marketing is part of this solution. By investing in software that tracks sales, you can determine the buying habits of demographics and individuals. From there, you can develop a plan of action to implement a sales promotion. This effort will help in building your business’s brand value and promote customer loyalty.
Below are some of the ways you can set up a promotional deal
Price-Off Deals during certain times of the day, week or month are a great way to keep customers coming back and learning about your business. The best example is the “Happy Hour” used at bars.
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Loyalty Rewards Programs offer consumers certain points every time they make a purchase. These points are later redeemed and translated into free products or discounts. Frequent flyer programs are a great example of this type of deal.
Offering Trade-ins allow consumers to exchange old goods for new ones. Videogame retailers excel at using this to get customers to buy new products. The used products turned in can be sold at a higher rate than the company bought them to make up for the lowered price of the new purchase.
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Consumers who buy in bulk should be rewarded with more “bang for their buck”. The baker’s dozen approach is a great way to implement the Price Pack Deal, as it is called.
Product demonstrations allow manufacturers to teach the consumer how to use their product. This can be done in person or can be sent to customers as an aid when buying or considering buying a product.
There are many other ways to increase sales during a specific period. Overall growth of your business depends on keeping your customers aware and happy. The easier it is for them to obtain awards and free products, the more they will shop. The more they shop, the more you will learn about them and can anticipate their needs in the future.
