Benefits of giving discounts

[Imran_Noori]

The biggest reasons behind giving discounts for customers by businesses are to encourage them buy their products in purchase stage and convince them to come back which is related to post-purchase stage.

What do you think about this topic? Are these two reasons the only reasons of giving discounts by businesses?

 

[Planbizzle]

Providing discounts comes with a number of advantages. They include of bringing in new and returning consumers, growing sales overall, making space in your store, raising brand awareness and image, cultivating customer satisfaction, and reaching sales targets.

 

[Kane]

Discounts can bring new customers as well as keep your existing customers. However, giving regular discounts can also cost you financially because your profit margins are reduced substantially.

 

[Emmy]

Discount retains customers wherein they will be persuaded to patronize you. Customers love to buy from a business that give discount so that they can make more profit so this serves as a key to hold them down in your company.

 

[Gandiba1]

In as much as you're giving out discount to your customers, it make them referr new customers to your business, and you will have permanent customers as the case maybe, that's the importance of discount.

 

[Smiles20]

You are going to see that one of the biggest benefits of giving discount to your customers is that they are going to refer you and they are always going to keep an eye on your business in terms of another discount again.

 

[Yaqoob Habib]

The biggest reasons behind giving discounts for customers by businesses are to encourage them buy their products in purchase stage and convince them to come back which is related to post-purchase stage.

What do you think about this topic? Are these two reasons the only reasons of giving discounts by businesses?

If you give discount to your customer, then your product is sold more and more. Due to which your business grows More and more people can buy your product Due to which the reputation of your business increases This type of sale must be done once or twice a year.

 

[Good-Person]

If you give discount to your customer, then your product is sold more and more. Due to which your business grows More and more people can buy your product Due to which the reputation of your business increases This type of sale must be done once or twice a year.

I think that offering discounts could help you increase your sales. When people discover that you offer discounts, they tend to buy your products and prefer you over others.

 

[Connor909]

Providing discounts to customers can help businesses in a number of ways, such as by bringing in new clients, raising overall sales, clearing up space in the store or inventory, fostering more client loyalty, and incentivizing larger purchases. Furthermore, giving discounts can support brand awareness, website traffic, and revenue targets.

 

[Mayorla]

Providing discounts to your customer would help bring in more customers to you.

Who does not like discounted goods? Lol!..

Providing discounts would also help in encouraging old Customers to keep buying from you, and they would also bring in new Customers to you.

 

[Imran_Noori]

In as much as you're giving out discount to your customers, it make them referr new customers to your business, and you will have permanent customers as the case maybe, that's the importance of discount.

You are right, giving discounts will bring back your customers and will change them to your business's marketers because if they are satisfied then they will refer it to their friends.

 

[Gandiba1]

You are right, giving discounts will bring back your customers and will change them to your business's marketers because if they are satisfied then they will refer it to their friends.

In as much as you want to draw people's attention to your business, it's very Important that you should be doing promo and discount to them, because it draws more customers.

 

[Good-Person]

Providing discounts to your customer would help bring in more customers to you.

Who does not like discounted goods? Lol!..

Providing discounts would also help in encouraging old Customers to keep buying from you, and they would also bring in new Customers to you.

Offering discounts is a great way to make customers realise that you care about them. This is why many businesses offer seasonal discounts. Some businesses never offer discount because their rates might be fair to be begin with.

 

[Mayorla]

Offering discounts is a great way to make customers realise that you care about them. This is why many businesses offer seasonal discounts. Some businesses never offer discount because their rates might be fair to be begin with.

Yes, that is true, I know most businesses that offer seasonal discount every year end and mid-year.

They offer 15% discount to their old an loyal customers during these times, This has earned the businesses more customers, and has earned my trust over time.

 

[Sotherefore]

Giving discount is a form of direct advertisement. It helps you get familiar with your customers and can also increase your change of having them back to your business.
Everybody loves places

The biggest reasons behind giving discounts for customers by businesses are to encourage them buy their products in purchase stage and convince them to come back which is related to post-purchase stage.

What do you think about this topic? Are these two reasons the only reasons of giving discounts by businesses?

in which their present is being valued.

 

[Abigael]

These two seem to be the main reasons why businesses give discounts. It lures customers to buy the products and encourages them to come back next time. That is a very good business strategy that every company should employ.

 

[Syldan]

Actually given out discount to customers has alot of benefits and sometimes it depends on the motives to which it's given. It's a way or sign of encouraging your customers to come back and hope to do better than you have done.

 

[Abigael]

Actually given out discount to customers has alot of benefits and sometimes it depends on the motives to which it's given. It's a way or sign of encouraging your customers to come back and hope to do better than you have done.

Yeah, you should have a motive for giving out discounts. Maybe to promote sales or to retain customers. You should have a limit too. Too many discounts may cause you a loss.

 

[Agbalagbaa]

Yeah, you should have a motive for giving out discounts. Maybe to promote sales or to retain customers. You should have a limit too. Too many discounts may cause you a loss.

Making promos must be balanced to the extent that the aim of the business is archieved (making money). It should be large enough to attract new customers.

 

[Good-Person]

These two seem to be the main reasons why businesses give discounts. It lures customers to buy the products and encourages them to come back next time. That is a very good business strategy that every company should employ.

I think that many businesses tend to offer discounts when they feel like they are not generating enough sales in the first place. This is when they start offering discounts.