Have You Considered Giving Discounts?

[Holicent]

Offering discounts and promotions can draw in clients who might not have otherwise thought about doing business with the company. By demonstrating to customers that a company appreciates their business and wishes to demonstrate gratitude for their support, discounts and promotions can encourage consumer loyalty.You may avoid waste and make room for new products by using discounts and promotions to get rid of extra inventory.
Businesses can maintain their competitiveness by offering discounts and promotions, which encourage customers to select their goods and services over those of their rivals.By demonstrating that the company is customer-focused and values its clients, discounts and promotions can assist to build a positive brand image.

 

[King bell]

Offering strategic discounts can increase your sales and make customers happy, but you need to find the right balance. Make sure your discounts match your business goals and choose the right times to offer them, so people still think your products are valuable. Every business is different, so take a good look at your own business and think about things like how often to give discounts to make the best choices.

 

[Holicent]

Certainly, we need to be very strategic, as much as this is a good way of bringing more customers, it can also send out the wrong message. People might see your product cheaper, do would view it less of quality, to overcome this you need to do it wisely and at the right time, probably during a festive period, something like Black Friday, companies celebration or so, let there be a reason for this discount. People sometimes don't value cheap things as much as they don't want to buy expensive things either.

 

[Etini]

The idea of giving discounts in business as a strategy to drive sales is something that must be done very strategic or else it can result in losses too and that would be counter productive. I always advocate that slight discounts should be given only to very loyal customers and not to be given accross board. The truth is that all these discount programs are not tools to build a loyal customer base.

Am I saying that giving discounts to your customers are bad? No. Do the maths very well and ensure that you are not losing as you are embarking on discount promotions in your business.