Tuesday March 16, 2010
ARE YOU LOOKING for a quick way to increase last-minute holiday sales? Coupons are back in a big way thanks to the recession and are a hit with virtually all demographics. Plus, coupon promotions are fast and easy to implement.
A large percentage of consumers intend to spend less this holiday season, and many are delaying purchases. But since coupons carry an expiration date, they provide the money-saving incentive to draw customers plus the urgency to buy right away. And coupon promotions are equally attractive to upper and lower-income households, making them a speedy, smart way to increase holiday sales.
Whether consumers buy in stores or online, they're researching and shopping on the internet before making a purchase. So it's no surprise that the convenience of online coupons make them popular with customers. In fact, as many as 62 percent of adults look for coupons for online stores before making a purchase, according to a Benchmark Survey on Consumer Coupon Behavior by Harris Interactive for RetailMeNot, a coupon website.
And keep in mind, it's not too late to use off-line tactics to stimulate sales. Valpak, the nation's largest marriage-mail provider, can mail your coupon along with others in its familiar blue envelope to households in targeted zip codes. Or you can direct-mail your own coupon to customers in a narrow geographic market area, such as a 10-mile radius surrounding your retail store.
Newspaper ads--the tried and true holiday standby for many retailers--continue to perform when they carry the right coupon offer and the paper's readership closely matches the advertiser's target audience. And a coupon distributed to customers in your retail store can bring even last-minute shoppers back if the coupon remains valid until Christmas. No matter how you distribute them, you can be sure customers will respond to the savings and convenience of coupons.
Kim T. Gordon is the author of four books and a multifaceted marketing expert, speaker, columnist and media spokesperson. Over the past 30 years she's helped millions of small-business owners increase their success. You can learn about individual coaching and reachKim atherwebsite SmallBusinessNow.com, featuring hundreds of free articles. Her new, weekly how-to videos are now available.