Wednesday, February 11, 2009

Use E-coupons to Increase Your Sales

Coupons are a great way to reward your customers, invite new customers, and increase your sales. Consider how implementing coupons in your business can help your company grow.

E-coupons are easy to use in e-commerce sites. You will need a shopping cart system that allows you to implement a coupon code.

Even if you don’t have an e-commerce site, you can offer coupons that your customers redeem in your store. Make sure that the same person is not coming in again and again.

There are several different kinds of coupons you can use:

  • First-Time Customers: Entice new customers with coupons. You can offer a certain percentage off of their first purchase or offer free shipping for new accounts. The sky is the limit on possibilities you could do for your coupon.
  • Returning customers: Reward your returning customers with an e-coupon for their next purchase. You can give them their coupon after they finished a purchase or through e-mail.
  • Loyal customers: Reward the customers who loyally buy from you again and again. If you keep good accounts on purchases, send out an e-coupon to those that have made a certain amount of purchases from you.
  • General incentives: If your sales are going a little slow, offer coupons to everyone to comes to the store. You can do this with a mass e-mail or offer a coupon code on the home page. This is a great way to boost your sales and satisfy your customers.

Brad Harmon is the President at a leading financing company, First Star Capital (www.firststarcapital.com). Brad is a frequent contributor to online publications and newsletters, and is the author of this blog on commercial financing topics.

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