Benefits of giving discounts

[Imran_Noori]

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.

This is the point, good businesses always encourage their customers to buy their products, once I read somewhere that in purchase stage encouragement will 80% make customers to buy.

 

[Good-Person]

This is the point, good businesses always encourage their customers to buy their products, once I read somewhere that in purchase stage encouragement will 80% make customers to buy.

I think that offering discounts could be a really great way to make sure that you encourage your customers to buy more products. I, as a customer, would be glad to buy products if I was offered some exclusive discounts.

 

[Trey]

When you gube discounts to your customers, it would make them to feel that you appreciated their patronage. It doesn't have to be much. A small discount can do a whole lot of magic on the minds of a customer.

 

[Heatman]

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?

Giving discounts on your business product and services is one of the best strategies that are employed by the business owners to promote or improve their sales on daily basis because most business customers always like to get discount on the products that they are buying which makes them to buy more.

 

[Jonaville1]

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?

The benefits of giving discount is that you will be able to draw some customers closer and some of them will be your potential customers from that
Giving discount is very good for every business owner.

 

[Heatman]

The benefits of giving discount is that you will be able to draw some customers closer and some of them will be your potential customers from that
Giving discount is very good for every business owner.

Yes, that's very correct. It will help you to have more sales of your business product and services more than you used to. It will also make it possible to have new customers that will start purchasing from your business.

 

[Jonaville1]

Yes, that's very correct. It will help you to have more sales of your business product and services more than you used to. It will also make it possible to have new customers that will start purchasing from your business.

Giving discounts on products is very good and important because we will have new customers especially when you sell good products. People tend to patronize anybody who sells good products

 

[Imran_Noori]

Giving discounts on products is very good and important because we will have new customers especially when you sell good products. People tend to patronize anybody who sells good products

I agree with you, businesses which provide high quality products will aquire more customers, sometimes existing customers turn to marketer for your business because of high quality products.

 

[Ayojesu]

Discounts make more people buy from you and it makes your product sell faster compared to your competitors, because people like to buy things for less with the same value and quality

 

[AruneBend]

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?

It brings more customers depending on the price of the product business tend to give discounts when the product sells badly it can also hurt business

 

[Jonaville1]

That is true
This is why it is not very good to be managing things when you want to produce a good. Just produce it with the full ingredients and you will get a very positive result.

I agree with you, businesses which provide high quality products will aquire more customers, sometimes existing customers turn to marketer for your business because of high quality products.

 

[Ernestnari]

Giving discounts can lead to an upsurge in demand for your products. Humans like a little bit of freebies and would buy more on order to try and take advantage of the discount.

 

[Heatman]

Giving discounts can lead to an upsurge in demand for your products. Humans like a little bit of freebies and would buy more on order to try and take advantage of the discount.

This is exactly how it is in so many businesses where people have to buy one thing or another which they will always be looking forward to having an opportunity to save a little more money from all their purchases.

 

[eLdavis]

One major benefits of giving discounts is that it boost the relationship between you and the customer to another level, this would also make the customer want to come back another day again.

 

[Ernestnari]

This is exactly how it is in so many businesses where people have to buy one thing or another which they will always be looking forward to having an opportunity to save a little more money from all their purchases.

Discounts have to be given with strategic technicality. Even in the discount, what you would do is to reduce your profit margin and not eliminate profit entirely. Because the surge in demand that would happen with discount can make you close down if you didn't have a profit in the discounted price.

 

[Sotherefore]

Giving discount is good , but at the same time over discount is not good for business . That is why sometimes we always said that a generous man may not be suitable in business as he or she is likely to give more than necessary.

 

[Syldan]

Giving out discount, has alot of advantages for the promotion of business both public and private firms. it helps in encouraging customers the more to patronize your services.

 

[Imran_Noori]

One major benefits of giving discounts is that it boost the relationship between you and the customer to another level, this would also make the customer want to come back another day again.

Definitely, they will come back but not alone because they will talk about your business with others and you can aquire new customers, giving discounts can be a great business strategy.

 

[Shigobad20201]

The benefit of giving out discounts is to keep the old customers coming for more and also bring in New customer that heard about our business to keep coming for more .

 

[Agbalagbaa]

Definitely, they will come back but not alone because they will talk about your business with others and you can aquire new customers, giving discounts can be a great business strategy.

I was once a beneficiary of discount and from the customer's perspective i could say that it increases the value of the business exponentially. This is a very important marketing tool.