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Giving vouchers for free gifts in promotions can significantly boost sales, particularly when the gifts are of low value, increasing sales by up to 52%. This strategy can be more effective than simply providing the gifts directly.
Discount coupons should be structured as a percentage off for store-wide promotions and as a fixed dollar amount off for specific product promotions. This approach can lead to sales increases of up to 42%. The article offers insights and case studies on effective marketing strategies.
Requiring customers to complete a small task to obtain discounts can significantly increase sales, with studies showing redemption rates up to 59% higher when tasks like entering a promo code are involved. This phenomenon, known as the Token-Effort Effect, suggests that perceived effort in redeeming a discount enhances the likelihood of purchase, making it essential for businesses to incorporate minimal friction in their promotional strategies.