answersLogoWhite

0

How Deals and Discounts Attract Consumers Attention?

Updated: 9/27/2023
User Avatar

Waqas Malik

Lvl 2
3y ago

Best Answer

The pursuit of savings is the ultimate goal of any consumer looking to make a steal on purchases. Success in savings is often recognized by the percentage an individual saves off the total purchase. It is this reason that the value of finding savings is so important for a person deciding to purchase a good or service. Quite often the sale of a good does not come down to the best brand or the best performance.

User Avatar

Waqas Malik

Lvl 2
3y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How Deals and Discounts Attract Consumers Attention?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Marketing

What are the limitations of sales promotion?

Although sales promotion is an important strategy for producing quick, short-term, positive results, it is not a cure for a bad product, poor advertising, or an inferior sales team. After a consumer uses a coupon for the initial purchase of a product, the product must then take over and convince them to become repeat buyers. In addition, sales promotion activities may bring several negative consequences, including "clutter" due to the number of competitive promotions. New approaches are promptly cloned by competitors, as each marketer tries to be more creative, more attention getting, or more effective in attracting the attention of consumers and the trade. Finally, consumers and resellers have learned how to milk the sales promotion game. Consumers may wait to buy certain items knowing that prices will eventually be reduced, for example, while resellers have become experts at negotiating deals and manipulating competitors against one another. by warren m. mallari


How Deals and Discounts Attract Do you consider the best packers and movers to be helpful?

Ask for references of some of the past customer so that you can verify about the quality of service. Read terms and conditions properly and feel free to add clauses if needed to ensure you are safe if anything goes wrong. Declare genuine value of the goods being packed and moved and take insurance accordingly.


What are demographic characteristic of consumers in bridal business?

One suggestion I would have for you is to go to your local library and ask for a directory of Trade Associations in the nation. Find a trade association that deals with your business and give them a call. See what info they may be able to point you to.


How can you implement a market penetration strategy?

- Providing Good deals (discounts etc.) to corporate houses - Attracting more people to organize Weddings at Fun Spot - Providing lodging to visitors - something like a Resort with a Spa - Added attractions for kids like candies stand etc.


Why do companies and services use promotion?

Let me see if I can answer this. The main way companies make money is by selling something, be it a service or a product. Promotional deals offer cheaper prices or free objects to people. On the surface, giving away a free product or offering something for 20% of its normal price seems absurd. However, think of it this way: people like deals. People love discounts and bargains. As such, they are more likely to buy something if they can get it for a cheap price. How does this benefit a company? Simple, to get the deal, people have to visit the store. Once they're inside, they are MUCH more likely to see something else that they want to purchase. Stores openly display all their best products to people who pass through the store, strategically placing them to increase the likelihood that people will notice them and buy them. All this preparation goes to waste if the shoppers never enter the store. A store could offer the best product in existence, but if nobody shops there, the store won't make any money. To increase the amount of customers, stores offer promotional deals, discounts, and free stuff. Simply put, stores, companies, and services use promotional deals to get more customers. More customers means more money. But wait, won't the stores lose money off of their discounts? Actually, no they won't. The retail price you see for products in stores is exponentially higher than the price it costs to make it or purchase it from a supplier. As such, even when they shave massive discounts off of the retail price, they're still making money, even if it's a little bit less than normally. On top of this, the discounts don't last all year. If a person buys a product during a discount sale, discovers that he loves it and wants another one/more, he'll go back and, probably, pay full price for the new one. All in all, promotions are a win/win situation for companies and stores. They're still making money off of the products and services they offer, and people are visiting their location, making them more likely to sell some of the other stuff that they offer. I hope this answers your question. -Tharivole

Related questions

Where can I find affordable landline phone service in new mexico?

You can check out the deals from Verizon since they always offer deep discounts to attract customers.


Are there any verizon wireless discounts presently available?

Not that I know of, they are pretty good at offering periodic deals and discounts on their plans and hardware. Check their website often for deals and discounts.


Are there special deals and discounts for Albertson's?

Yes, there are special deals and discounts available at Albertsons. The best way to find out about those deals would be to visit the store or go online.


Where can I buy discount flowers as cheap as possible?

You can buy cheap flowers from 1800flowers.com and also from proflowers.com. If you pay attention to coupon codes, deals, and discounts you can also save on flowers.


Are there coupons for special deals and discounts for Kleenex?

Yes, there are always special deals and discounts for Kleenex. You can go online to find out that information and you can also visit Walgreens which is a good source.


What kind of deals does Discount Asp offer?

"Discount Asp is about hosting and hosting features. They offer a variety of deals from discounts on software, training videos, and sign up discounts."


Where can you get discounts for a restaurant?

Well, I would recommend going to Groupon to acquire discounts for restaurants. There are many deals and discounts and they are updated daily for a fee of no charge.


Where can a person get discounts for polo watches?

Discounts on polo watches are mostly found online. Either look at specialised shops like SwissLuxury or try to find deals through sites that collect deals like SnapDeals or Heavy Discounts.


Does T-Mobile offer any holiday deals?

Like many phone providers, T-Mobile does offer holidays deals to attract business during the season. During the 2012 holiday season, T-Mobile offered many discounts on a wide range of Android cell phones


Where can I get good discounts on hotels?

If your looking for a hotel discount (or discounts), then you should consider the Ramada. They have deals and discounts (rather good ones). For example one of the deals are: stay 3 nights and 20% off the best availible rate. Informaton is on the Ramada's website.


Does Popeye's have special deals and discounts?

Yes, Popeye's keep special deals and discounts. The sales advertisements that comes in the store has clip out coupons every week for Popeye's. Just watch for the coupons in the advertisement.


Does Ethan Allan have good deals on furniture?

Ethan Allan offers discounts on furniture and you can find out more about these discounts by checking on their website.