Looking for an instant way to generate sales and boost money and finance overnight is impossible. But at the same time, you can make it happen gradually by following some tips and tricks. Yes, the usage of coupon codes, discounts, and deals is a smart way to increase your product sale in the market. Hence, you can offer a better and more attractive cost price without losing your bottom line. The best part is it doesn't matter whether you run a drop shipping store or print-on-demand; using the coupons and promo codes, discounts, and deals by Coupontodeal.com can help your store achieve your revenue goals or targets.
Moreover, the storyline behind using these attractive offers by Coupontodeal.com is the massive consumption of coupons and deals by consumers while shopping. And this shows the increasing craze of saving money expenses by grabbing discount offers while shopping among people.
There are plenty of ideas and options to apply coupons, offers, discounts, and deals while shopping. But only some know what they are descriptive of. Therefore, here you have five best practices that the eCommerce industry prefers implementing today to increase their online revenue and consumer market.
1. Email Subscription Offer
The first one is an “Email Subscription Offer” that seems conventional if you see today’s flexible available options. But at the same time, it comes into the most cost-effective marketing strategy with a huge return on investment of $38 for every $1 spent. More precisely, taking shoppers’ email addresses automatically opens the doors to building a consumer relationship between you and your consumer. And this results in driving sales and fostering customer loyalty and reliability in the future. Furthermore, all you need to do to apply this market strategy is to convince your customers to join your newsletter or email subscription. You can do it by providing an opt-in email form with a Best Discount Offer as an incentive or a money-back offer.
2. Customer Loyalty Rewards
The second is the “Customer Loyalty Rewards,” which usually comes out as a loyalty program. And these loyalty programs are popular as member-only discounts or offers. Moreover, it depends upon the consumer's willingness to become part of an online store’s membership program. So they can uplift privileges such as rewards and deals only if they sign up for membership. A fresh example of this is “Target’s REDCard program, which offers an additional 5% discount to their shoppers whenever they shop at their stores.
3. Gamified Deals
The third one is “Gamified Deals,” which are fun and engaging activities you can use on your offers and deals. The boosting element of these “Gamified Deals” are surprise and entertainment, attracting your shoppers to participate. Moreover, using these helps in boosting the customer’s engagement, which shows positive results as a satisfied customer experience. And also it ensures the guarantee of repeat purchases of the same customer from your online store. Another fun way you can try to add an offer is by applying a gamification feature from Checkout Boost.
4. Product Bundling
The fourth one is “Product Bundling,” which is more like an upsell and cross-sell strategy. Using this strategy, you can attract shoppers to order more items and enjoy saving their money via bundled pricing. Moreover, the Product bundling strategy works best on bulk shopping rather than on single-time shopping. Today, people prefer purchasing options like bulk shopping and wholesale to get huge discount offers at once. And doing so helps them curb and save a big chunk of money on their one-time shopping. Furthermore, it is likely to be one of the most used strategies to increase a customer’s average order value.
5. Influencer Offers
The last fifth is the “Influencer Offers” marketing strategy that has become popular over the years. The fact is it generates a 37% higher customer retention rate and productivity if you see other purchasing goods channels. Moreover, it is required to collaborate with influencers to make this strategy work and increase your reach, finance, and revenue. Therefore, you need to find influencers on social media platforms first. Specifically, those that understand and match your brand ideals and goals.
Also, checking their reputation, authority, and engagement is equally important to advertise your product well. All you need to do is provide your selected influencers with an exclusive discount code they can share with their followers whenever they interact. Furthermore, if you are low on budget, then asking to share the discount code on their social media handle is sufficient. But at the same time, if you are high on budget, you can even demand advertising Youtube blogs.