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  • Member You - Sales Promotions and Discounts

    How to Set (and Get) the Right Prices
    Which product feature of yours is every buyer keen to know about? Which sales tool closes prospects instantly? Your price. Yet, despite the far-reaching consequences of a company’s pricing, I’m surprised at how little time small business owners spend on it. Here are a few ways to bring pricing to the forefront of your marketing plan.Price is a promiseLet’s say you’re shopping for cereal and come across two varieties. One is a well-known brand in a resealable 20 oz. package
    e figure it, the less there is to count, the sooner we’ll finish… and we know how much you’ll love taking advantage of our one-day prices!

    Wednesday Only - Closed Thursday

    Price Deal/Seasonal Discounts: Temporarily reducing the price during slow times or seasons. A good example of this discount is the ever-popular Happy Hour. Or how about a Maine beach rental in January?

    Quantity: These are price cuts given for large buys. The reason behind them is to ear

    Do Promotional Items Make A Lasting Impression?
    The promotional items industry encompasses products as diverse as mugs and mousemats to diaries and teddy bears, most of which are imprinted with a company's name, logo or message. It is no wonder that promotional items are so popular as everyone likes to receive a free gift – it’s reminiscent of the feeling you had as a child when you found a free toy inside the cereal packet. And because most promotional items are useful, they are kept and used with the advertiser’s message benefiting
    Sales promotions are designed to have an immediate impact on sales for a predetermined (and limited) period of time. They are used to increase customer demand by stimulating the marketplace, (examples include: coupons, discounts and sales, contest, rebates, etc.) and can be directed to the end user, sales staff or distributor (for example, retailers).

    In this article I’ll discuss some of the more common types of consumer and trade (targeted to retailers and wholesalers) promotions… ones that are most suitable for small- and medium-sized businesses. A word of caution: Be careful how you use promotions. They can be wonderfully helpful as long as they’re not seen as gimmicky… this smacks of hucksterism and you don’t want to go there.

    Also, promotions are “pricey” (no pun intended!)… That is, they focus on providing cost deals. Therefore, you must use them carefully and not allow price to ever become your chief differentiator. Use them, but use them wisely and intermittently.

    Consumer Promotions: Discounts

    Sales: The word ‘sale’ is so overused and abused that it’s become almost meaningless to consumers. Many companies use every imaginable occasion to advertise their latest, greatest price cuts in an attempt to lure the unwary consumer. This may work for a while but will hurt your business in the long run.

    My advice is simple… if you’re going to have a sale make sure it’s legitimate and believable. If not, you risk damaging your credibility and reputation. For instance, a Mid-July Summer Sale is pointless. It’s best to give the reason for the sale and as many specifics as possible. The following is an example of an effective newspaper ad:

    Wednesday’s Inventory Clearance Sale Everything is 50% Off!

    We’ll be closed this Thursday… Why? Because it’s our annual inventory day. That means we have to count every single item in our store… And the way we figure it, the less there is to count, the sooner we’ll finish… and we know how much you’ll love taking advantage of our one-day prices!

    Wednesday Only - Closed Thursday

    Price Deal/Seasonal Discounts: Temporarily reducing the price during slow times or seasons. A good example of this discount is the ever-popular Happy Hour. Or how about a Maine beach rental in January?

    Quantity: These are price cuts given for large buys. The reason behind them is to ear

    How to Find Online Translator Opportunities
    There are many people who have completed their translation training programs at university level or higher professional education and they want to become freelance online translators. But gaining a foothold as a on line translator in a highly competitive market and can be a complicated business. So what do you need to do in order to become a successful online translator?Many translation agencies do not want to admit new online translators into their networks. A lot of t
    promotions… ones that are most suitable for small- and medium-sized businesses. A word of caution: Be careful how you use promotions. They can be wonderfully helpful as long as they’re not seen as gimmicky… this smacks of hucksterism and you don’t want to go there.

    Also, promotions are “pricey” (no pun intended!)… That is, they focus on providing cost deals. Therefore, you must use them carefully and not allow price to ever become your chief differentiator. Use them, but use them wisely and intermittently.

    Consumer Promotions: Discounts

    Sales: The word ‘sale’ is so overused and abused that it’s become almost meaningless to consumers. Many companies use every imaginable occasion to advertise their latest, greatest price cuts in an attempt to lure the unwary consumer. This may work for a while but will hurt your business in the long run.

    My advice is simple… if you’re going to have a sale make sure it’s legitimate and believable. If not, you risk damaging your credibility and reputation. For instance, a Mid-July Summer Sale is pointless. It’s best to give the reason for the sale and as many specifics as possible. The following is an example of an effective newspaper ad:

    Wednesday’s Inventory Clearance Sale Everything is 50% Off!

    We’ll be closed this Thursday… Why? Because it’s our annual inventory day. That means we have to count every single item in our store… And the way we figure it, the less there is to count, the sooner we’ll finish… and we know how much you’ll love taking advantage of our one-day prices!

    Wednesday Only - Closed Thursday

    Price Deal/Seasonal Discounts: Temporarily reducing the price during slow times or seasons. A good example of this discount is the ever-popular Happy Hour. Or how about a Maine beach rental in January?

    Quantity: These are price cuts given for large buys. The reason behind them is to ear

    Advance Millionaire Strategy #1 - The Power of Leverage
    Ask any of my Millionaire mentors and they will tell you that they understand that, in order to become rich, you MUST first apply the concept of leveraging. I have learned a great deal with the strategies that they have taught me and since I have been applying what I have learned, I have seen tremendous results. I am constantly working daily, at a steady pace to achieve my goals and with these powerful leverages, I know I will get there quickly.The purpose of this article is simp
    m, but use them wisely and intermittently.

    Consumer Promotions: Discounts

    Sales: The word ‘sale’ is so overused and abused that it’s become almost meaningless to consumers. Many companies use every imaginable occasion to advertise their latest, greatest price cuts in an attempt to lure the unwary consumer. This may work for a while but will hurt your business in the long run.

    My advice is simple… if you’re going to have a sale make sure it’s legitimate and believable. If not, you risk damaging your credibility and reputation. For instance, a Mid-July Summer Sale is pointless. It’s best to give the reason for the sale and as many specifics as possible. The following is an example of an effective newspaper ad:

    Wednesday’s Inventory Clearance Sale Everything is 50% Off!

    We’ll be closed this Thursday… Why? Because it’s our annual inventory day. That means we have to count every single item in our store… And the way we figure it, the less there is to count, the sooner we’ll finish… and we know how much you’ll love taking advantage of our one-day prices!

    Wednesday Only - Closed Thursday

    Price Deal/Seasonal Discounts: Temporarily reducing the price during slow times or seasons. A good example of this discount is the ever-popular Happy Hour. Or how about a Maine beach rental in January?

    Quantity: These are price cuts given for large buys. The reason behind them is to ear

    Pink Flamingo Fundraiser for NonProfit Groups
    A pink flamingo fundraiser is fun way to raise money for your favorite cause. It's an easy fundraiser for any size group to put together because it requires very little effort to keep it going.The basic fundraising idea involves deploying a flock of pink plastic flamingoes in someone's yard or outside a business entrance. A note is left explaining that the person or business has been selected by someone to be 'flocked' for a good cause. And, it then goes on to explain that they w
    believable. If not, you risk damaging your credibility and reputation. For instance, a Mid-July Summer Sale is pointless. It’s best to give the reason for the sale and as many specifics as possible. The following is an example of an effective newspaper ad:

    Wednesday’s Inventory Clearance Sale Everything is 50% Off!

    We’ll be closed this Thursday… Why? Because it’s our annual inventory day. That means we have to count every single item in our store… And the way we figure it, the less there is to count, the sooner we’ll finish… and we know how much you’ll love taking advantage of our one-day prices!

    Wednesday Only - Closed Thursday

    Price Deal/Seasonal Discounts: Temporarily reducing the price during slow times or seasons. A good example of this discount is the ever-popular Happy Hour. Or how about a Maine beach rental in January?

    Quantity: These are price cuts given for large buys. The reason behind them is to ear

    Resume Updating Time
    Do you feel as if you are in a R.U.T.? No, I don't mean that you are stuck in a ditch somewhere, rather is it Resume Updating Time?If you haven't updated your resume once over the past year, now is a good time to take a fresh look at your copy. Beginning with the header, is all of your information correct? How many times have I seen an old cell number or former email address listed? Plenty! You want someone to contact you, don't
    e figure it, the less there is to count, the sooner we’ll finish… and we know how much you’ll love taking advantage of our one-day prices!

    Wednesday Only - Closed Thursday

    Price Deal/Seasonal Discounts: Temporarily reducing the price during slow times or seasons. A good example of this discount is the ever-popular Happy Hour. Or how about a Maine beach rental in January?

    Quantity: These are price cuts given for large buys. The reason behind them is to earn economies of scale and pass some (or all) of these savings onto customers. In some industries, buyer groups and co-ops have formed to take advantage of these discounts. There are two types:

    1. Cumulative quantity discounts - Price reductions based on the amount bought over time.

    2. Noncumulative quantity discounts- These are price discounts based on the quantity of a single order. The expectation is that they will encourage larger orders, thus reducing billing, order filling, shipping, and sales personnel expenses.

    Prompt/Early Payment Discounts: Use these when cash flow is tight and speedy payments mean greater liquidity. Obviously, you can design these promotions to fit your specific needs. Just make sure the prompt payment is worth the discount. For example, let’s assume you invoice your customers once a month and agree that payments are due with 30 days. In this case, you might offer a 2% discount if they pay within 10 days.

    Promotional Allowances: These are price decreases given to a retailer for performing some promotional activity. They include an ‘allowance’ (fixed sum of money) for creating and keeping a retail display or co-op advertising.

    Trade-Ins: Traditionally associated with the auto industry, an effective trade-in promotion has many advantages. The buyer’s price is reduced by the amount offered for the trade-in, encouraging replacement sales without sacrificing perceived value.

    And remember, “No one at 57 gets cosmetic deals.” :>) (David Gest)

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