Tag: sales

Learn how Price Elasticity of Demand affects your business and society. Discover various determinants and applications of PED in this comprehensive guide

Tagged applications, business, consumer behavior, demand, determinants, economics, market research, price elasticity, pricing strategy, quantity, quantity sold, revenue, sales

One of the most common examples of penetration pricing is 'buy one get one free', where you offer an item free with a related purchase. This tactic works much better than a 50% discount, as the word 'free' has a strong psychological effect on consumers. Customers often buy other products to compensate for the discounted one. This strategy is an excellent way to move dead stock and introduce new products. A new product can be linked with a top selling product in a similar category.

16 min read

Finance Retail

More on Penetration Pricing

January 27, 2023

One of the most common examples of penetration pricing is ‘buy one get one free’, where you offer an item free with a related purchase. This tactic works much better than a 50% discount, as the word ‘free’ has a strong psychological effect on consumers. Customers often buy other products to compensate for the discounted one. This strategy is an excellent way to move dead stock and introduce new products. A new product can be linked with a top selling product in a similar category.

Tagged business strategy, competition, customer acquisition, Discounts, economy, market share, marketing, penetration, penetration pricing, pricing, pricing strategy, product launch, promotion, retail, revenue, sales, strategy

To market a Shop-in-Shop store, focus on demonstrating to customers how simple and convenient shopping online can be. Make sure customers know that what they order online will be shipped directly to their chosen Shop-in-Shop location and that they will receive email notifications when the item is ready for pickup. Also, offer exclusive discounts and promotions for online shoppers or introduce rewards programs that reward customers with points or incentives when they shop at both the brick and mortar store as well as your online retail portal.

8 min read

eCommerce Trending

About Shop-in-Shops Retail Stores

January 23, 2023

Ready to revolutionize the retail industry? Shop-in-Shops stores provide you with an ecommerce and retail combination like no other! Learn all about this innovative approach here!

Tagged branding, consumer behavior, customer experience, ecommerce, hop-in-shop, marketing, merchandising, product display, retail, retail industry, retail stores, sales, Trending

11 min read

Retail

Tips and Tricks to Boost Retail Sales

January 11, 2023

It’s a fact that when it comes to retail, technology is moving at a fast pace. Many retail companies are adopting new and innovative technologies to increase their sales and customer satisfaction.

Tagged customer experience, customer service, inventory management, marketing, merchandising, online presence, pricing strategy, product display, retail, retail sales, sales

7 min read

eCommerce

The Benefits of Signing Up for an Ecommerce Store’s Newsletter

December 13, 2022

With a newsletter subscription, you’ll be the first to know about sales, promotions and coupons. If a retailer has a special event coming up (like Black Friday), they’ll send out an email with

Tagged customer engagement, Discounts, ecommerce, ecommerce store, email marketing, getitqa, marketing, newsletter, online shopping, promotions, sales

How to Convert Leads Into Sales by Understanding the Buyer's Journey

3 min read

eCommerce Trending

How to Convert Leads Into Sales by Understanding the Buyer’s Journey

October 3, 2022

Defining your buyer’s journey is crucial for the success of your business. It is not enough to focus on converting leads into sales. In addition to knowing which stage of the buying process your prospects are in, you need to know what their objections are

Tagged buyer's journey, customer acquisition, customer experience, customer journey, ecommerce, getitqa, how to convert leads, lead generation, marketing funnel, marketing strategy, sales, sales process, user experience

Sale at a big store by Markus Spiske is licensed under CC-CC0 1.0

11 min read

eCommerce

Boosting E-commerce Sales

July 6, 2022

Increasing consumer adoption of smartphones has changed the retail landscape and is driving the rapid growth of mobile e-commerce. In fact, a significant percentage of online purchases are made using mobile devices, in

Tagged ecommerce, getitqa, sales