5 Ways to Make Your Coupons Stand Out From the PackPeople still love coupons, but these days it's increasingly hard to stand out with your offer. Here are fives ways to get customers to take notice of your brand and start buying.

ByMatt Winn

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

With92 percent of consumersidentifying themselves ascouponusers, it's no wonderretailersof all sizes are cranking out millions of discounts each year. And while these discounts are a proven way to attract newcustomersand boostsales, the complete saturation of coupons in the marketplace makes it hard for entrepreneurs and small-business owners to make their offers stand out from the crowd.

Fortunately, there are several coupon tactics that work every time, no matter how big your business or what product you're selling. So the next time you're about to run a big coupon campaign, keep these ideas in mind for maximum impact:

1. Leverage thepsychology of discounts:Although economics tells us that shoppers act in the most rational way possible, it fails to mention that shoppers also don't like to do math. This means that you want to word your offer to make it seem as valuable as possible. For example, if you're selling an item for $250, offering "30 percent off" may seem less attractive than "$75 off," even though they're worth the same dollar amount. As you create and promote new coupons, test different variations to find the right mix for your customer base.

2. Create urgency:83 percent of shoppersadmit to making an unplanned purchase when presented with a promotion, so take advantage of this behavior by creating a sense of urgency with your offer. You can do so by putting a deadline on your coupon, such as a "12 hour flash sale" or offering a one-time daily deal. Another tactic is to put a limit on the coupon itself, such as "first 50 customers receive 20 percent off." Regardless of approach, making the offer seem scarce can greatly boost redemption rates.

3. Provide a sense of exclusivity:People like to feel like they're receiving something that others aren't, including coupons, so make your customers feel special by making discounts seem exclusive to them. Some tactics to achieve this include: offering asocial-exclusive promotionto your Facebook and Twitter followers, sending a deal via email to your most frequent customers and allowing customers to enroll in a loyalty program. Part of this approach requires careful segmentation and scheduling, so as a bonus tip, start thinking of how you can incorporate exclusivity into your campaign sooner rather than later.

4. Personalize and individualize coupons:This approach can be a bit more difficult to implement, but it's one of the most effective. The idea here is to deliver the right coupon to the right person at the right time, meaning that you should add an element of personalization to the coupon experience. For example, offering a coupon on a bottle of face wash wouldn't make sense three days after purchase, but would be well-received four to six weeks later when the customer is almost out of the product. Similarly, you can offer coupons on related products, such as a percentage off a facial moisturizing cream. Or, if you're looking for a much simpler approach, working to personalize your emails is a good start -- even something as basic as including a customer's first name in the message can make a difference.

5. Focus on coupon distribution:No matter how clever or valuable the coupon, if your customers don't know about it, they can't redeem it. This means that you should pay particular attention and invest ample time in creating a coupon distribution strategy. Common and effective outlets include social media, website placements, traditional advertising and email. One particular benefit of email distribution is that you can segment your lists to deliver various coupons to targeted audiences, and even test the effectiveness of specific coupons on different groups. Whatever the case, create a plan of attack in making your coupons as public as possible. Go big or go home.

Here's one final piece of advice: never arbitrarily set discounts. Yes, it may be easy to create a simple "10 percent off" coupon, but if you don't perform the due diligence of studying your overall costs and profit margins, you can quickly find that an otherwise successful coupon campaign might risk putting you in the red.

In sum, if you crunch the numbers, dedicate some time to planning and follow the five principles listed above, your coupons will better break through the clutter, and more importantly, draw customers to your store to put more money in your pocket.

Wavy Line
Matt Winn

Senior Marketing Communications Manager

Matt Winn isVolusion'sMarketing Communications Manager, where he helps oversee the organization's branding and communications efforts. Matt has created hundreds of articles, videos and seminars on all things ecommerce, ranging from online marketing to web design and customer experience.

Editor's Pick

Related Topics

Growing a Business

We're Now Finding Out The Damaging Results of The Mandated Return to Office — And It's Worse Than We Thought.

Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Thought Leaders

Mark Cuban Says These are the Dumbest Things Entrepreneurs Do

Whatever you do, don't do the first thing on this list. Or the second. Definitely not the third.

Leadership

This Common Leadership Habit Will Harm Your Credibility. Are You Guilty of It?

As leaders, we're always looking for ways to build credibility among peers and employees. But this easy-to-make mistake can ruin it in an instant.