As businesses thrive to grow and be successful it usually happens that things don’t go our way or that there are changes in the environment that does not bode well with the way we do business operations. Rerouting of foot traffic, changes in commodity prices, increase in rent, and all other factors could contribute to our businesses getting less and less clients or costumers. So, what businesses usually do it that they employ these tactics and methods of schemes that could attract back old and new customers in their shops. Here are some of those approaches.
Singe day Sale
One of the most trending schemes utilized to day by online and on spot shops is the single day sale. They usually advertise it a month in advance that in a certain day they will be dropping prices and that all other items that is for sale during that day will be included in the steep drop of prices. Singe day sale are great if you want your old stocks to be sold and also a great way to get your costumers to readily look out for any events on your shop.
Use instalment plans. This is a great way to earn small bits of income without selling anything at all at the moment. The idea is that people will pay for an item in your store but they won’t be getting the item not unless they have paid in full but the great deal with that is they get to save up for it for any amount and for a certain duration of time. This meant that you will be earing but at the mean time without selling anything at all. Instalment plans include laybys and lay away schemes.
Many food courts usually employ this tactic of birthday sales. What the business usually does is that they give a bit amount of discount for whoever it is that will purchase from their shop during their birthday. It will also add to the marketing strategy of having people post on their social media accounts about your birthday treat discount. Many businesses who use this never fail to get a good report from costumers who got a discount.
A happy hour is when within the time of your business operation, during the peak hours, you will be offering special treats for your costumers, it could be a free snack or that they can earn coupons or great deals within that timeframe. Regardless, happy hours usually are employed by restaurants and bars but many shops and even online shops have employed this scheme in their businesses.
Many department stores and grocery marts today are using this tactic and is actually works. The idea is that you have a store but only members could buy in that store and that if they want to, they can be a member at a fee, and they can then enjoy the experience of having to buy in your store. It sounds absurd at first but it works so long as you maintain super low discounted prices compared to regular stores and groceries and maintain quality product in you shelves.
Businesses must be able to adapt to changing circumstances to survive and having schemes such as these are one of the great ways that businesses can stay operational and be successful.