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Say No to Discounts ๐ โโ๏ธ
Give Freebies Instead
Hey
Hope you're killin Monday like a pro!
Quick question: ever felt like you've somehow invited an ARMY of "Bargain Hunters" to your party?
Picture this: You roll out the red carpet of discounts, and suddenly, Bargain Hunters show up with their detective hats on, ready to snag a deal quicker than you can say "SALE"! ๐ต๏ธโโ๏ธ
Now, don't get me wrong, Bargain Hunters are like the ninja shoppers of the worldโsneaky, clever, and always on the lookout for the best deal in town.
But here's the plot twist: while they're excellent at filling up shopping carts, they're not exactly a ticket to the VIP section of profitability. The costlier the product the deeper a discount cuts into your margin.
It's like having a party where everyone's grabbing freebies at the entrance, but we're left wondering, "Where did the revenue go?" ๐
Unlock the power of freebies instead ๐:
Freebies are the Jedi mind trick of reciprocity! According to Ariely, giving free stuff triggers a strong instinct to return the favour.
It's why food samples at supermarkets turn into full-sized purchases โ a nibble today, a whole pizza tomorrow.
Those 'Buy 1, get 1 free' deals? It's like a victory dance for shoppers โ spending more but feeling like savings champions. Freebies turn customers into deal ninjas, one sample and BOGO offer at a time! ๐
Some examples of free stuff my clients give away are :
$20 gift cards to the local restaurant
Fridge magnets to keep their brand fixed in the customerโs eyes
Bottle openers
So get creative and stay away from these discounts ๐บ
Looking forward to cracking the code together!
ABI