Promo codes have become a necessary tool for e-commerce businesses. Many e-commerce business owners use promo codes to encourage buyers to make purchases. Promotional codes assist e-commerce business owners to stay competitive. Therefore, if you own an e-commerce business, you should adopt promo codes on your e-commerce site to increase sales.
Promo codes are also known as coupon codes or discount codes. They are alphanumeric strings used by online stores to encourage purchases on their e-commerce site. Promo codes offer incentives to buyers. They generate good results when used effectively.
Today, we discuss ten effective ways to use promo codes for your e-commerce site. Use the information in this article to equip yourself with the right strategies. Read on to get insights on how you can effectively use promo codes as a marketing strategy.
New Visitor Promo Codes
Acquiring a new customer is more expensive than keeping existing customers. It, therefore, makes sense to provide incentives for new customers to get their loyalty. Give enticing offers to first-time buyers that make them consider your product. It is also critical to delivering the incentive as you promised.
A new visitor promo code helps turn a new visitor into a loyal customer. The new visitor promo codes are a way of engaging new visitors. Giving the new visitor first-time offers encourages the visitor to turn into your loyal customer. The offer can be in the form of discounts, bonuses, or vouchers.
In addition, you get hold of the visitor's email address in exchange for the promo codes. This means you can send personalised emails to the buyer. It also gives a chance to give more details about the product or service to the customer.
Abandoned Cart Offers
Did you know that 70% of online shoppers abandon their carts when shopping online? This is due to various reasons, but high costs are the primary reason. As a business owner, you can use abandoned cart offers to get the customer back.
Since you already have the client's address in your database, send them reminders with promo codes. It should offer a discount to the customers if they complete the purchase. You should be careful when making abandoned cart offers. Some loyal customers may deliberately abandon their carts to get discounts.
The abandoned cart offers only target existing customers. The customer has to take the initial step of showing interest in your product. By adding items to their cart, the customers show the intent of making a purchase. First-time visitors to your e-commerce site are not targeted by this offer.
Holiday and Seasonal Deals
Holiday and seasonal coupons are offered to customers to celebrate special calendar days. When customers are in a celebratory mood, they are more likely to purchase your products. Offering customers promo codes during the holidays makes them buy more of your products.
Your brand offers should be relevant to the timing of the season. For example, during valentine's season, you can make offers for couples. During the Christmas season, you can offer family coupons. The relevancy of the offer is what will drive customers to purchase your brand during the season.
You can also offer promos to individuals on their birthdays. Giving customers offers during their special days makes them feel appreciated by your brand. Promo codes offered to customers on special days increase their loyalty to your brand.
Free Shipping Promo Codes
Even though free shipping may not fit your budget, most buyers value it. If your budget allows, consider giving customers free shipping codes once in a while. You can set an amount that if the customer spends, they will be entitled to free shipping. Free shipping codes are often given to customers who make large orders.
Loyal customers can also be appreciated by offering them shipping discounts. Take advantage of this by establishing a limit that a customer needs to reach to get a shipping discount. Setting a limit for shipping discounts will prompt your customers to make more purchases.
You can give free shipping codes to customers within your geographical location. Free shipping codes within your geographical location are not costly. Besides, it is a good way of staying ahead of the competition within your locality.
Customer Loyalty Reward Codes
Customer loyalty is very crucial to the growth of your e-commerce business. Rewarding loyal customers helps strengthen the bond. Keep surprising your customers by rewarding them with discount promo codes. Since you already understand their purchasing pattern, offer customised discount codes to specific customers.
Create automated messages that send a customer an email with a discount offer after completing a purchase. For instance, you can give the customer 11% cashback on their next purchase. These efforts encourage the customer to make another purchase.
Also, reward customers who like, follow and share your brand on social media. Giving the incentive to share and refer your brand helps you reach out to a large market. It doubles as a low-cost way of advertising your brand.
Pre-Launch Promo Codes
Creating awareness of your brand before it is launched is a good marketing strategy. A pre-launch promo code is an excellent strategy to announce the entrance of your e-commerce business. Since pre-launch is a one-time discount opportunity for customers, it will create a buzz among customers.
Pre-launch offers create excitement among the customers. You are likely to record a high number of sales. You can also use the excitement to make the customers like your social media page. By liking and sharing your social media sites, they spread the excitement.
Pre-launch promo codes help you build a customer base soon before entering the market. Having a pre-established customer base will help you hit the ground running once you open your business. When you have customers that have already had experience with your brand, it will be easy to penetrate the market.
Exit Intent Promo Codes
Keeping customers is not an easy task. Strategies such as exit intent promo codes help bring back customers. Customers who exit an e-commerce site can be saved by the exit intent promo codes.
Exit-intent offers act as motivation and incentives for customers who exit to reconsider your brand. You can change your customer's decisions by enticing them with exit intent offers. The offers give the customers a reason to stay with your brand.
Use exit-intent promo codes to influence the decision of customers to leave or stay. These offers convince them to stay with your brand and shop more. You get a high chance of grabbing back your customers and turning them into loyal customers.
Retargeted Promo Codes
Retargeted promo codes are given to customers who have been on your site before. The customer has already interacted with you and knows the products or services you offer. Retarget promo codes serve as a reminder for the customer to revisit your site.
Create a list of those who have visited your e-commerce site. Send retargeted promo codes to the individuals on your list. Offers for retargeting groups serve as a nudge to the group to make a purchase. If the customer gets an enticing offer, they are likely to go back to your site and make a purchase.
The retargeted promo codes help with converting the traffic generated on your e-commerce site to customers. Most new visitors leave as soon as they view the site. Targeting this group with promo codes helps you get new customers.
Influencer Promo Codes
Partnering with celebrities with many followers creates popularity for your business. The partnership will create exposure to your brand. Influencer promo codes are aimed at turning the celebrity's network into your customers.
Influencer promo codes are shared by the influencer on their social media accounts. The followers use the promo code-shared to make a purchase. You can offer a discount to the first customers who use the influencer promo code.
Influencer promo codes allow you to advertise your brand on a celebrity's social media page. The followers and audience of the influencer will be aware of your brand. In the long run, influencer promo codes increase the popularity of your brand.
Customer Milestone Promo Codes
Customer milestone promo codes are meant to celebrate the customer. Celebrating together with the customer builds a healthier relationship. It shows the customers that you recognise and appreciate them.
The milestones can be personal to the customer, for example, anniversaries and birthdays. Making discount offers to customers on these special days makes them feel appreciated by your brand. This effort will make them more loyal to your business.
Also, celebrate the milestones the business makes with your customers. For instance, when you launch a new service, you can give your customers a free trial. Customer milestone promo codes make clients feel like part of the brand.
The Bottom Line
Promo codes are an inventive way of acquiring new customers and retaining existing ones. If you have an e-commerce site, you need to develop effective ways to use promo codes. At Pixel Fish, we help you create an e-commerce site that can grow your business through lead generation and online sales. Ensure you contact us today to get our exemplary service for Ecommerce Web Design.