15 promotion equates to a 10 discount, then provide a promo code for 10 off. Thanks for all the support. Thanks to Shipstation, our fantastic sponsors for this episode. Interestingly, fomo (fear of missing out) is also related to our primal survival instincts. So if you want to bring shoppers to your retail site this holiday season, you better be offering some stellar promo codes.
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And when the holidays roll around, it can be especially ferocious. Heres what you need to know about ecommerce coupon codes and the benefits you can expect from providing them. If you make sure your site is the source for the best discounts, you can drive more shoppers to your store this holiday season and more than make up for the dollars you deducted upfront. Crisis Text Line: text home to 741 741, domestic Violence Helpline:, victim Connect: support for victims of crime. Offering consumers a coupon code for a discount on their first order reduces their risk-aversion. And while these are effective, they arent your only options. This isnt to say you shouldnt use promo codes to bring in new holiday shoppers you absolutely should. Benefit #2: Attract New Customers, humans are biologically programmed to be risk-averse. Provide different gifts based on the amount spent.e., the more a consumer spends, the more expensive the gift. Another effective tactic is to calculate the actual dollar amount of your competitors percentage discount and then offer a coupon code for that amount off. It may only mean a few extra dollars off but its likely enough to sway a consumer whos comparison shopping.
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