Win Sales with Holiday Offers
Posted on 18. Dec, 2009 by Matthew Toren in Business, Entrepreneurship
‘Tis the season for gift giving and rampant consumerism, so why not join into the spirit? With Black Friday & Cyber Monday now behind us, there seems no let-up in the number of special offers available, to try and jumpstart our economy in this traditionally heavy traffic period. As a retailer, you may have been looking forward to this month all year and it may take on added significance in 2009 as we wind down what has been, by any standards a challenging year.
If competition throughout 2009 was difficult, the advent of Black Friday and the holiday season has really placed an emphasis on ingenuity. Deals abound and it is no good just coming up with a few uninspiring loss leader adjustments, you really have got to set yourself apart, to connect with would-be purchasers and to get them to buy from you.
Be careful when coming up with deals related to your products or services, as it can be easy to project that they’re not worth as much as you suggest. You still need to justify your rates and must be able to market the business when all of this December madness has come and gone. This is where you will need to innovate and most definitely set yourself apart from the competition. Always sharpen your intelligence and find out what your competitors are offering and where possible, go the extra distance.
Good marketing is about creating a perception of value and then suggesting that the product or service is available at much lower cost. The best offers pile on the benefits of purchase, almost creating a “must have” urge within the consumer to buy. It is a good idea to offer certificates to existing clients and try and focus on those who may have purchased from you before and lapsed, or to pay attention to those who have expressed an interest in your services.
If you offer recurring services, consider a very steep discount just to get the prospect to try your wares. If you can really stand behind your product or service and are confident of your ability to perform, then you hope that once they are in the “system,” they will be pleased with what they receive and will continue to subscribe to your business.
Try and enter into the spirit of the holidays, as after all we have seen enough of Mr. Scrooge all year long, without letting him have his way right now as well!
What are Your Holiday Specials?
Matthew Toren
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John Paul
18. Dec, 2009
Very nice tips. I agree to offer a huge discount on the front end, and wait to make that back in the back end.
Guildford
20. Dec, 2009
Giving discounts is a great way to attract customers.
PS3 Fan
21. Dec, 2009
Yes, it’s the best time of the year. There are a lot of customers and the same quantity of sellers, that’s why you need to evaluate the price of your products in the right way and think over the most suitable offers
mimar
23. Dec, 2009
I agree to offer a huge discount on the front end, and wait to make that back in the back end.
Laptop Briefcases
29. Dec, 2009
You make a good point about how a discount can lower the perceived value of the product or service. If you are willing to slash prices by say 50%, why would consumers be willing to pay double the price when the promotion is over.