Business managers around the globe know the psychology of consumers. Every shopper wants the best discount offer while shopping online or visiting nearby outlets. Today almost every online shopping site offers a box to enter a promo code (coupon code) on the checkout page to avail discount by using discount vouchers or codes to save money. Many online users want to know about coupon codes and how they can find coupon codes for their online marketplace or products.
What is a coupon code?
Coupon code is also known as a promo code, discount code, or voucher code. Promo codes are similar to printed coupon codes to get the promotional discount on selected or entire product range to save money. By offering voucher codes, retailers earn loyal customers to increase sales.
Discount codes work in different ways. Some offers allow you to save on the final bill while other offers give you a discount on individual products. Promo codes also give you savings in the form of cashback or reward points to save money on the next purchase. What a coupon code is offering to you depends on the strategies of business managers.
How does a coupon code work?
As every coupon code is different from others, so it comes with various restrictions to offer you saving and profit to retailers. Coupon codes come with terms and conditions, so please read them carefully to avail the maximum discounts.
Every voucher code has a validity time, i.e., expiration date or limited use. Few of the promo codes are limited to loyal or new customers, so keep your eyes open to get amazing discounts and save money.
Variety of coupon codes
Today numerous sites publish free discount codes over the internet, which can use unlimited times by any of the users, i.e., new or existing customers.
Various online shopping sites offer special discounts to existing loyal customers or customers who’ve not visited the marketplace for a long time since there last purchase. Such coupon codes are valid for these types of customers and can’t be used by others who have not received in their inbox.
How to use coupon codes?
Using a coupon code is simple. First, you have to add products to your cart, then look for an option to enter a promo code or voucher code. Enter the promo code in the given box and click apply. A discount will be applied to your order total. Finally, you can pay less for your shopping.
As today, every online shopping site has an option to use discount codes because they know the value of the customer and has an article in the help section to educate customers – how can they use coupon codes to avail discount.
Amazon India and Foodpanda are the two largest online marketplaces in their niche and offer discount codes every day to increase sales and earn loyal customers by making them satisfied with products, services, and discounts. Such sites are a one-stop destination for discount lovers where you can get Amazon Coupons as well as Foodpanda coupons to save money for more shopping.
Difference between Discount and Coupon
E-commerce has started growing faster than ever in the country. Now that the recent edition of GOSF is over, all the online retailers would have a good idea about where the difference is in their expectations and actual consumer response. The key elements that are the driving force behind a festival like GOSF are discounts and coupons. Note how I wrote the two things separately; this is because they are different things.
Many times they are used interchangeably because coupons ultimately do provide discounts over and above the discounts stores have. If you are running an online store or are planning to start one, there are some things you should know about the difference between coupons and discounts.
A coupon is a ticket or document that can be exchanged for a financial discount or rebate when purchasing a product. It is the most effective way of generating interest. Everyone loves coupons. They gain popularity and achieve multiple goals. Coupons help boost up the sales number in the short term by generating traffic, they are the reason to attract new customers, inactive customers and also make consumers break their routine shopping patterns to take advantage of a good coupon offer.
1. Coupons help in branding
They are like small advertisements which help in promoting a product or company. Coupons are an add on over discounts. A site may present a discount on a product. Still, a coupon will help customers avail of an additive benefit of discount over the already discounted item, making the entire shopping experience exciting. Moreover, in this form of affiliate marketing, you only pay when you acquire a customer and not only for displaying your store on a third party site.
2. Coupons attract first-time buyers
Existing customers are more likely to share their new coupons offer experience with friends and relatives, thereby attracting new customers. People love discounts, and attractive coupons get a new customer lot. Additionally, coupons sent as vouchers with delivery items retain existing, and many a time, they share them with their family and friends, hence helping in acquiring new customers.
3. Coupons have a clear validity period as compared to discounts
A discount is a rebate offered on the actual value of the product by a particular brand. It is a brand’s sole wish as to when or when not give a discount offer for the customer. Whereas a coupon has a fixed period of its validity, and the online store chooses the items on which a buyer can avail the coupon. Therefore the customer is aware of a coupon’s longevity and can redeem it before it expires. Generally, discounts are applied to certain products and vary per product. However, couponing is generally sitewide or category-wide. Thus it gives the buyer more options to chose from. So we can say coupons are more exhaustive.
4. Visibility of coupons is higher than a discount offer
A coupon is advertised to make it available for inactive and new consumers, along with regular customers. However, the discounts will be available on the sites and visible only when a buyer visits. A coupon acts as a promotional tool as compared to discounts. It is easier to track coupons. You can have different coupon codes for your social media pages, email campaigns, and couponing sites.
5. The positive psychological effect of coupons
Coupons have a psychological effect on the customer, that he is the one who is getting the best deal (compared to other buyers) and thus attracts the buyer more towards that brand. After all, coupons have a feel-good factor about them.
Coupon codes help to increase sales by attracting new and regular customers again and again and hence the growth in business. It brings loyalty to customers, and satisfied customers spread the words about products and marketplace in the review section, which helps to grow more and more customers.