Making More Money by Using Coupon Codes
Businesses, companies and individuals can make more money through the use of coupons and discount vouchers. They are extremely beneficial for all types of products and services, whether you sell financial products, promotional services or physical products that people need in their everyday lives. Here are just some of the options that you have for using discount vouchers in your business.
Buy One Get One Free/Half Price Etc.
Offers for buying one and getting a second free, at half price or even at a third off are great enticements for your customers. They will often buy more items than they usually would just because they believe they are saving money in the long term—and they might be but it is meaning that you get more of their hard-earned cash.
You can also take this slightly further by offering three for the price or two or a set number of products for a set price. These work very similar to the buy one get one half price offers, where people are encouraged to spend more, believing that they are getting more for their money.
Offer a Percentage Off
A percentage off the full cost of products is another great way to make more money. There are different types of promotions that you can do with this. You could just offer a set percentage off whatever amount someone spends or you can make them spend a certain amount first.
This is a great one to build on and encourage more spending. For example, offer 10% off up to £50 and then 20% off up to £100 etc. People want to save more, so they will be more inclined to spend the extra amount of money and you make more in the process. You’ll hardly notice the discount that you are giving people.
Offer a Set Amount Off
One of the most commonly offered promotions is to get a set amount off after a set spend. It is usually around £10 off for every £40/£50 spent. You know that you will lose out on no more than that set amount you offer, no matter how much extra a customer spends—but you’re more likely to make more money because of the code.
People want to save that money and may even spend more than they usually would just to do that. All they have to do is choose to spend at least £10 more than they usually would and you’ve already made that money back. You’ll find that most go over that minimum amount too, as they find items that they believe they want and need just save money!
One of the best ways to make more money in business is to offer discount coupons. You encourage more people to buy and they’ll likely spend more money. There are different types of these vouchers available and all work for different types of products and services. Consider your business and find the ones that work best for you. When you have them, let DontPayFull.com know to get them circulating!
Author bio
This guest post was written by Martin Howkins, a business expert. He helps businesses, companies and sole traders boost their profits and customer bases through various methods, including promotional codes.
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Category: Coupon Deals, Saving Money
