Blog Post
13 Sales Promotion Methods to Boost Retail Sales
Goldsoft Marketing • May 06, 2020
Many businesses tied up their cash in inventory especially retailers deemed non-essential business had to close their physical store during the Movement Control Order (MCO) in response to the coronavirus pandemic.
If you are planning for a sale and promotions to clear stock after MCO, here is some quick tips of sales promotion planning that you can use for your retail shop:
1. Decide Which Outlets to Run for a Sales Promotion
All outlets or selected outlets
2. Decide Which Products to Have Sales Promotion
All products or selected seasonal products
3. Decide What Type of Sales Promotion
Below is a list of 13 different types of sales promotion in retail
4. Decide The Sales Promotion Period
e.g. 2 weeks campaign from 10 June until 24 June 2020
5. Pre-Set Promotion Details Into System
Pre-set in advance so that POS system can execute automatically on the promotion day
6. Announce The Sales Promotion for Awareness
Broadcast on your website, social media, e-direct mailers and other media.
List of 13 Amazing Sales Promotion Methods that You Can Implement to Boost Sales and Get Cash Quickly.
1. Promotion Items by Set
Discount given for every purchase of 2 items from the offer bin.
2. Cash Rebate for X Spent
Rebate given with a minimum purchase amount
3. Few to Many
Purchase trigger items above X quantity to get discount on specified items
4. Discount Allowed by Purchase Quantity
Different discount given according to quantity purchased
5. Free Gift for Every X Spent
Free item with purchased of trigger item above x amount
6. Flat Discount by Purchase Quantity on Trigger Items
Bulk purchase discount, flat discount given according to purchase quantity on selection items
7. Flat Discount by Purchase Quantity on Trigger Items
New discount mode changed from previously set discount mode
8. Buy 1 Free 1
9. Extra Discount by Discount Mode
Get additional discount from already discounted items
10. Extra Discount by Discount Mode
Purchase 1 item at x price, 2 items at x price from the selected items
11. Discount Allowed by X Spent
Spend above x amount able to purchase selected items with x discount
12. Flat Price by Every X Spent
Spend above x amount able to purchase selected items at x price
13. Buy A Free B
We hope these promotion methods and tips will help your business move your inventory faster and recover sales quicker.
If you have any suggestions or queries regarding sales promotion methods, please do not hesitate to contact our sales and support representatives or reach us at 016-6611086.
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