They will ask you to reduce the cost of the products they have in stock . Especially if the life of the products and the promotion is long). This will not be the case if you make a “special edition” with a different packaging or offer; You can also stage your various offers and promotions to promote sales of “premium” products on sale. In the example below, adding a more expensive product (a beer at $3.40) makes it possible to sell more beer at $2.5 (and even sell beers at $3.40), whereas Conversely, selling a beer at $1.60 lowers the market: 80 promotion ideas to increase your sales! –
Part 1 20 Here is buy saudi arabia number example with one price promotion ending in a 5 and the other in a 9: 80 promotion ideas to increase your sales! – Part 1 21In the example above, version ending at 49.95 offers 14% conversion instead of 11%! This is why you must always be careful with price promotions, and not systematically lower your prices, but on the contrary bring more perceived value (i.e. the price estimated by the customer according to the functions and characteristics of the product, but also the image, the positioning of the competition, the design, etc.).
What You Need to Do
Identify how you can add more value to a product (if possible via a premium offer. An additional product or services…) and make a special promotion of it. 2 – Organize a game or a contest 80 promotion ideas to increase your sales! – Part 1 22 The purpose of the game or the contest is either to go and create an “event” to decide the undecided. Or you to gain visibility with new customers thanks to your contest. You can offer a game or a contest with your product, in order to have visibility on the points of sale. As a pretext for communication, to negotiate visibility with a partner or a distributor.
This is what we often see in supermarkets, with “promo” labels on the packaging. It is important to know that generally very few people take part in this type of contest. And so that if you put for example €2000 in prizes in a contest on all your products. Everyone will not come to claim the prizes. With the evolution of the law, you are no longer obliged to file the rules of your competition with a bailiff. Which makes it easy to launch small competitions. For example.I regularly organized contests to win my Growth Hacking book with simply advice to send to me via a form or by email. This creates a dynamic around a product (here my book) and encourages the undecided to order. 80 promotion ideas to increase your sales! –
Be Careful, If Your Contest Offers Interesting Prizes
You risk having contestants… In this case, you must file a payment with a bailiff in order to be able to fight against fraud and secure the results of the competition. To note the competition can be aimed at your sales representatives. In this context it is a competition for the best sales representative, with an objective to achieve… a contest is useless if you don’t have a wide promotion of it. You must therefore invest at least 20% of your contest budget in promoting it (eg: Facebook Ads, Influencers, etc.). What you need to do: identify how you create a mini event via a contest, in particular on Social Media, in order to benefit from a visibility relay. 3 –
Give something as a gift 80 promotion ideas to increase your sales! – Part 1 24 The goal is to give samples (of your products or via a partnership. A third party who offers a product to your customers in order to gain visibility). To offer a gadget (ex: the famous bonus gift!) . To add a “discovery” version of one of your new products (ex: a sample of a complementary product to the main product as perfumers do in beauty stores).The gift can be given either directly with the product. Or via a collector system (have X proof of purchase), or via a certain number of purchases…
