NextBee Media
Tips for Effective
Viral Coupon Marketing
More than just Offering Discounts
A lot of brainstorming goes into
developing an
Effective Viral Coupon
Marketing Strategy
Tips to Implement for
Effective Viral Coupon
Marketing
Qualities of Viral Coupons
Spread Quick
Great Reach
Involve social media users across networks
Increase sale of products
O...
Offer Discounts on
Perishables & New Products
Perishable products should be sold well
within a specified time
Clear the st...
Check Your Margins Thoroughly
Discounts might hurt profits to some extent
Here’s how to use online coupons to generate
pro...
Put a Cap
The Cap ensures that your discounted amount does
not come close to the profit made after discounts
Generate a ne...
Product Bundling- Offer
Discounts on Complimentary
Product
Helps Clear up your inventory
fast
Offer discounts on complimen...
Manage & Train Staff
Accordingly
Inform your staff well in advance
Keep enough stock
Train staff well on handling high
cus...
Promote Slog Hour Deals
Offer discounts through coupons on days and time
slots when you generally experience low sales vol...
www.nextbee.com
NextBee Media
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Tips for Effective Viral Coupon Marketing

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Increasing referrals on social media becomes easy through viral coupon marketing. It drives customers to your business and drives customer engagement. Here are some tips for increasing referrals on social media.

Published in: Social Media
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Tips for Effective Viral Coupon Marketing

  1. 1. NextBee Media Tips for Effective Viral Coupon Marketing
  2. 2. More than just Offering Discounts A lot of brainstorming goes into developing an Effective Viral Coupon Marketing Strategy
  3. 3. Tips to Implement for Effective Viral Coupon Marketing
  4. 4. Qualities of Viral Coupons Spread Quick Great Reach Involve social media users across networks Increase sale of products Offer higher ROI
  5. 5. Offer Discounts on Perishables & New Products Perishable products should be sold well within a specified time Clear the stock well within time by offering discounts Create good awareness and generate a lot of interest among customers New Products are new entries in the market that need attention
  6. 6. Check Your Margins Thoroughly Discounts might hurt profits to some extent Here’s how to use online coupons to generate profits more than the discounts you offer- Viral Coupons raise your sales considerably, overtaking the loss in margins with extra sales they bring Make sure you offer viral coupons for products on which you earn considerably higher profit margin so that you can shave off some to offer discounts
  7. 7. Put a Cap The Cap ensures that your discounted amount does not come close to the profit made after discounts Generate a necessary amount before your customers can pull off the coupon discount Create Thresholds
  8. 8. Product Bundling- Offer Discounts on Complimentary Product Helps Clear up your inventory fast Offer discounts on complimentary products that impact the sale of a major product Discount Coupon for a cola entices customers into buying a full meal
  9. 9. Manage & Train Staff Accordingly Inform your staff well in advance Keep enough stock Train staff well on handling high customer footfalls & orders Prepare to recruit more members if you anticipate a good response
  10. 10. Promote Slog Hour Deals Offer discounts through coupons on days and time slots when you generally experience low sales volume Deal Examples Off-Season discount coupons Discounts on Weekdays Discounts in the Afternoon Increases your selling capacity Get a thump even in odd hours!
  11. 11. www.nextbee.com NextBee Media
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