Everybody loves to get special offers. Many companies send promo codes to their customers as a marketing strategy. The promo codes will definitely attract the customers but you might have to do something more than just emailing the promo codes to your customers.
Let
us try to discuss about some smart moves that the companies need to take if
they really want their promo codes to be effective.
1.
Track the shoppers who abandon the carts:
There
are many shoppers who just leave the cart at the time of checkout or just
abandon it. Check out for those customers, it might be the price issue. They
will definitely feel interested if some promo codes are offered to them. Thus
increases your prospective customers.
2.
Track the marketing partners who brings you most referrals:
If
you are organising trade shows or events, then it is always a good idea to
generate coupons unique for each event. This will give you the clear idea about
the marketing partners who gives you more referrals and thus you can plan your
future business strategy accordingly.
3.
Offer Various Types of Promo Codes:
Let
us discuss about some types of promo codes that will definitely attract the
customers:
a.
Free Shipping Code:
Free
shipping will definitely attract 90% customers as most of them find it to be
lucrative. You can add some conditions to it like if a customer is spending a
certain amount of money, then they will be receiving the free shipping code
from the company.
b.
The Seasonal Coupon Codes:
The
seasonal coupons can be very effective sales strategy if you want to build a
database for new customers. As you have no contact details of the prospective
customers, what you can plan is something like a survey or online quiz where
the customers need to answer the questions and at the end, they will be getting
a seasonal promo coupon with a thank you. Don’t forget to get the email ids of
the customers and send the coupons to the emails only. This will definitely
increase the number in your customer data base.
c.
Loyalty Reward Codes:
Finding
new customers is found to be more difficult than retaining the old customers.
It is much more cost effective also. So, if you want to hold the old customers
then you need to treat them well. Offer them royalty reward codes, this will
definitely keep their interest on and you company will sure be a winner.
d.
Pre-Launch Promo Codes:
If
you are planning to launch a new product, then offering pre-launch promo codes
can definitely help you to attract your customers. The pre-launch promo codes
will offer a discount to the customers just for one-time but it can be very
good way to build your prospective customer database.
4.
Keep your customers engaged:
One
very good way of keeping your customers engaged is giving them offers that will
bring them back on regular interval. Like if they buy 10 products, they will
get one product free. This will definitely keep the customers attached to your
products for longer time.
5.
Give Promo Codes to first time customers:
Give
some promo codes to first time customers so that they come back to you again. The
promo codes can attract many prospective customers otherwise they might not
show interest in your product.
6.
Give Surprises to your Best Customers:
Retaining
the existing customers is very much important if you really want to do good in
business. The customers who are giving you good support, identify them,
surprise them with some lucrative promo codes. This will ensure their journey
with you for a longer time.
7.
Personalise the promo codes: Your customer’s special days:
Maintain
the personal data like birthdates, anniversary dates etc of your customers with
you. Offer them some promo codes on their special days, that will definitely
give a personal touch towards your customers from your side and shall surely
help make your customers happy.
The
promo codes are beneficial both for the companies as well as the customers.
Based
on customer’s behaviour and behavioural patterns, the companies should design
the promo codes that will be beneficial for them in future. If the promo codes
are designed strategically, then it will definitely help the companies to
retain their valued customers, attract prospective customers and ensure the
flow of customers always. So, give a good thought and plan the promo codes properly
so that it will be beneficial for you as well as your customers.
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