04/07/2006

Plan Your Online Promotion

For years people have enjoyed the classifieds in newspapers and magazines because of the extra content, colored comics, retail ads, and coupons. In fact, many people buy newspapers on Sundays specially for the ads and coupons; it's their one-stop source for shopping information and savings for the week, and the money they save from using the coupons easily pays for the cost of the paper. InsidersCoupons.com is an online coupon resource with up to date online coupons offering by thousands of online popular stores.

In fact, there are dozens of online websites dedicated to informing consumers about the best online (and offline) deals, free offers, and coupons. And the best part is that consumers are responding.

As per a survey done by a market research division of NPD Group, around one-third of Internet users take advantage of the savings online coupon sites offer. In October 2000, it was approximate 30% of Web users found using online coupons, up from 23% just six months prior. What's more, 80% of Internet users who are aware of online coupons are expects their usage to l increase in the future, the study says.

Introducing discount coupons or coupon codes is really a great way to promote, increase, and improve your business or market your product. In fact, this trend is how online stores entices the new customers, move hard-to-sell merchandise, "time-shift" your customers by getting them to come in during traditionally slow times, or as a stand-alone product when sold as gift certificates.

Maybe coupons can get much more convoluted than you might think.

What restrictions do you want to impose?Good on certain days or hours?
Is there a minimum purchase required?
What about 'rain-checks' if the promoted merchandise is temporarily unavailable?
What exactly you are offering?Buy one get one free?
Percentage discount of the product price?
Flat dollar-amount discount?
Special one-time only price?
Should the coupon expire?

So many functional queries and complexity are there, but how should one goes about making all of these decisions?

In the beginning, before you do anything else, decide exactly what you want to get with your offer in order to increase sales, new customers, new product or service and others. Use the coupon as a product in and of itself, It is imperative that you make this determination first because all of the other coupon-related decisions depend on it.

Also you may consider some following tips to set the parameters to the promotional discount offer:

1. Make sure that it is reasonable and easy to take advantage of.
2. Don't keep there any hidden instructions or cost.
3. You practically had to be an attorney to decipher the offer.
4. It was good during certain hours on certain days of the week, for parties of 4 or more (adults only, kids don't count), meals must meet certain minimums, and so on.
5. Declare all the cost to the
6. In case you are selling gift certificates, they cannot expire.
7. Someone has given you money for a product or service that you have not yet delivered; to allow that to expire is unethical in my opinion, unless you return the money to the purchaser after the expiration date.

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