Can you skip on sale at your favorite store? Or can you resist the extra discount on your favorite products? The answer is definitely no. Whether you are a student or whether you are a bread-earner you can never say no to special offers because extra money never hurts anyone; that is why you can see almost everyone using special coupons everywhere. Almost every store offers coupons these days whether they are selling groceries, domestic appliances, tools, cosmetics or apparels. When coupons were introduced first, they used to come in the form of paper vouchers but now in the era of digital technology, the coupons have resorted in the form of digital numbers which are referred as promotional codes. You can enter the following codes during checkout and voila! The discount is applied. You think the use of coupons only benefits the customers as they get all their favorite products on the reduced amount but the benefit is vice versa. If you are wondering how the stores benefit by giving customers the discount, then keep on reading.
Increased number of customers
The shoppers are always looking for stores where they can get the best product available at low-cut rates so that they don’t have to sacrifice their needs in order to save. By giving them concessions, stores are providing their favorite products which will maintain their budget. So rather than purchasing it on the retail price, they are going to get it from that particular store. The customer is likely to buy more than one product on sale in order to stock up so later they don’t have to buy the same item on costly price, this additional shopping will gush the store sales. These deals also invite the new customers to visit the store but at the same time also encourage the old clients which have shopped previously to come back again.
People who have shopped from any particular store are likely to discuss it with their friends and family and encourage them to visit that store. Remember the word-of-mouth spreads faster than fire, so it is sort of advertisement of their stores, but rather by them directly it is done by their satisfied customers. Putting up sales and introducing couponson selected items will not only boost sales traffic nonetheless it will create awareness of their brand among the public, that in return will attract more and more customers.
Dispose of old stocks
Have seen the hordes of people hauling seasonal sales? Many stores put seasonal sales, in summer on winter clothes and in winter on summer clothes and people do buy it; the people stock up the items for later use because they are getting on steep price. So if the stores want to clear up any offseason item or entire merchandise they do put it on sale and people will buy more than one items at reduced cost for its use in future.
Publicize new products
If you are an avid shopper then you might be guilty of purchasing a product just because it says buy 1 and get 1 free. Often we have seen offers like buy 1 and get 1 free, or buy 1 product and get 50% the new product, or free product along with your purchase. This is an excellent strategy to introduce new products to the customers. The clients always seek their favorite products that have been tried and tested over the years and they know it is worth their hard earned money. Clients usually shy away from new products thinking it might not suit them and their money will be wasted. With coupons having these offers, the stores trick the customers to use the newly launched products without costing them extra.
Sell-off specific products
Some products are only sold in particular seasons, such as Valentine’s Day red dresses, Mother’s Day exclusive, Halloween costumes, Christmas decorations and such, so to clear these specific products off the rack, the stores cut down their prices few days ahead of the event. People are more likely to bulk-off these items, and discounts will entice them to buy from that particular store, therefore this will surge the store products sale and help them get rid of seasonal items that are not sold throughout the year.
You might think about why the store will let you use the coupon from another store? Why would they want another store to benefit from the utilization of their coupons? That is because the interchanging and affiliation of different stores mutually benefit them. By sponsoring other companies’ coupons, the stores may get customers who already have those coupons and wish to utilize them, the purpose of the coupons is to vend off the merchandise even if not by their own store coupon.
This is how the stores benefit by giving out saving coupons and promotional codes, these reasons encourage them to put out more sales and offer more exclusive offers to their subscribed customers so that will return again and again back to their store. The stores also affiliate with celebrities and ask them to give promotional codes in their names so that their fans will utilize the coupons because of their affiliation to the particular store, collection or product.
Tell us how do you benefit from the promotional codes, do you avail coupons offered directly by the stores or you take coupons from the saving coupons website? If so, which website do you use often? Have you faced any difficulty while utilizing your coupons at the checkout and what will you suggest to those companies to make their coupons more accessible and easy to use? Comment down below and let us know our opinion!