Applying promotional prices on your Neolo Shop products can be an effective strategy to increase sales and attract new customers.
Now you will see some situations in which you can consider applying promotional prices!
Good occasions to apply discounts on products
1. Inventory liquidation
This strategy involves reducing prices on products that have low inventory turnover or are close to becoming obsolete.
It’s a way to free up space and capital by getting rid of products that don’t sell regularly!
2. New product launches
Want your newest products to gain visibility?
Promoting new products through promotional pricing during launch to attract customers who want to try them is always a great option.
3. Store Anniversaries
One more year of your business is an achievement!
And celebrating anniversaries with special discounts is a great idea to attract shoppers and create a festive atmosphere.
4. Black Friday
Black Friday is a massive discount day that marks the beginning of the holiday shopping season. Definitely, offering deep discounts during this day is a common practice to attract shoppers and you don’t want to be left out.
5. Lightning deals or flash sales
Without a specific event, you can offer limited-time discounts to create urgency and motivate quick purchases.
Customers must act quickly to take advantage of the discounts!
Summary
In conclusion, implementing promotional pricing strategies in your online store, whether during special seasons, new product launches or local events, can be a powerful tool to increase sales and attract new customers.
With the Neolo Shop platform, you will be able to configure both normal and promotional prices, so you don’t have to change it every time you want to make a discount.
Haven’t created your online store yet?
Try Neolo for free and discover the magic of selling online!