Everybody loves to buy a bargain. Stores and services go out of their way to come up with fresh bargains that will attract new customers and keep old customers coming back.
Major corporations spend fortunes working to build every customer feel like they are grasping
a bargain. Perception is reality, and customers who THINK theyre taking a successful
deal tell others about their excellent purchase and come back to buy more. So how do you create successful bargains to WOW your customers? First lets take a quick look at just what a bargain is.
Ask most business owners and managers what makes a bargain and theyll instantly blurt a lower price is a bargain. True, a lower price on the same merchandise
others are offering at a higher price is a bargain.
It gets a little harder with a service. Ive never seen two services that were exactly alike. The guy who tunes up your car for $100 can not do as thorough a job as the guy down the street who charges $240. On the otherhand, the cheaper guy might be better.
Usually you might
charge less to create a bargain by saving the difference in price somewhere else, either by offering a lower quailty--no sense in customers paying for fancier than they really positive need
--or charging more elsewhere.
Personally I am
not a big fan of dropping prices to create bargains. It works well for Walmart, but is hard for many small businesses who are struggling to contruct
payroll or keep up with the credit cards. You may raise your prices back to normal later, but many customers will sit on the sidelines standing around
for you to drop them again.
So how about some different ways to create a bargain?
1. Its a bargain if your customer gets the last model somebody else wanted. Thats why Amazon and others let you know "there are only 2 left, hurry!" Try using that tactic on your website, in your mailer, or on your point-of-purchase signs. If you are selling a accomadation
, let a prospect know youve got "one more appointment open this week" OR "two appointments open: Wednesday at 10 or Friday at 2."
Once the famous Jeffrey Lant offered me a slot in his networking business. "Ive got one position left and 3 many people
want it," he wrote. Brilliant marketing. I was tempted to join even though I sure didnt absolutely need to be working an additional business. The urge to jump in before the other guys and get a bargain was almost too powerful.
2. A bargain is when your customer feels sure she will be happy with the merchandise
or service. Maybe that is why every merchandise
comes with a brochure quote "Congratulations on purchasing the finest, highest quality product available, skillfully designed to give you years of enjoyment." If you didnt feel like you got a bargain when you made the purchase, you certainly do after you read the brochure.
3. A bargain is when others TELL you it is a bargain. That is the beauty of an affiliate code
or testimonials where other people tell you what a dazzling bargain the product or accomadation
is. This is also one of the reasons everybody buy popular products: so their friends may say "oh you got one of those, theyre so cool, you will
love it!"
4. A bargain is when you throw in something more
with the product or accomadation
. A camera is bundled with a no-cost disc of computer software. The guitar store provides a free of cost cord with every electric guitar. I always offer to give excess advice, at no charge, to anyone who buys my writing or promotion services. Customers can feel that getting expert personal attention with their purchase makes it an extreme bargain.
Everybody loves a bargain. Try some of these simple, proven ideas to give your sales a quick boost both now and for the future.