{"id":497,"date":"2025-01-24T09:49:00","date_gmt":"2025-01-24T12:49:00","guid":{"rendered":"https:\/\/neoloshop.com\/tutorials\/?p=497"},"modified":"2025-01-22T21:53:23","modified_gmt":"2025-01-23T00:53:23","slug":"when-to-apply-promotional-prices-on-my-products","status":"publish","type":"post","link":"https:\/\/neoloshop.com\/tutorials\/when-to-apply-promotional-prices-on-my-products\/","title":{"rendered":"When to apply promotional prices on my products?"},"content":{"rendered":"\n<p>Applying <strong>promotional prices on your Neolo Shop products<\/strong> can be an effective strategy to increase sales and attract new customers.<\/p>\n\n\n\n<p>Now you will see some situations in which you can consider applying promotional prices!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Good occasions to apply discounts on products<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1.<\/strong> <strong>Inventory liquidation<\/strong><\/h3>\n\n\n\n<p>This strategy involves reducing prices on products that have low inventory turnover or are close to becoming obsolete.<\/p>\n\n\n\n<p>It&#8217;s a way to free up space and capital by getting rid of products that don&#8217;t sell regularly!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-base-color has-vivid-green-cyan-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/neoloshop.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TRY NEOLO SHOP<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2.<\/strong> <strong>New product launches<\/strong><\/h3>\n\n\n\n<p>Want your newest products to gain visibility?<\/p>\n\n\n\n<p>Promoting new products through promotional pricing during launch to attract customers who want to try them is always a great option.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3.<\/strong> <strong>Store Anniversaries<\/strong><\/h3>\n\n\n\n<p>One more year of your business is an achievement!<\/p>\n\n\n\n<p>And celebrating anniversaries with special discounts is a great idea to attract shoppers and create a festive atmosphere.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4.<\/strong> <strong>Black Friday<\/strong><\/h3>\n\n\n\n<p><strong>Black Friday<\/strong> 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&#8217;t want to be left out.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5.<\/strong> <strong>Lightning deals or flash sales<\/strong><\/h3>\n\n\n\n<p>Without a specific event, you can offer limited-time discounts to create urgency and motivate quick purchases.<\/p>\n\n\n\n<p>Customers must act quickly to take advantage of the discounts!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Summary<\/strong><\/h2>\n\n\n\n<p>In conclusion, implementing<strong> promotional <a href=\"https:\/\/neoloshop.com\/tutorials\/which-platform-to-create-an-online-store-does-not-charge-commissions\/\" data-type=\"post\" data-id=\"408\" target=\"_blank\" rel=\"noreferrer noopener\">pricing<\/a> strategies in your online store<\/strong>, whether during special seasons, new product launches or local events, can be a powerful <strong>tool to increase sales and attract new customers.<\/strong><\/p>\n\n\n\n<p>With the <strong>Neolo Shop platform<\/strong>, you will be able to configure both normal and promotional prices, so you don&#8217;t have to change it every time you want to make a discount.<\/p>\n\n\n\n<p><strong>Haven&#8217;t created your online store yet?<\/strong><\/p>\n\n\n\n<p><strong>Try Neolo for free and discover the magic of selling online!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Applying promotional prices on your Neolo Shop products can be an effective strategy to increase sales and attract new customers.<\/p>\n","protected":false},"author":1,"featured_media":500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-products"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When to apply promotional prices on my products? 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