Shift to more online shopping online - Between 2010 and last year, Amazon’s sales in North America quintupled from $16 billion to $80 billion.
Amazon Will Account for Half of All E-Commerce Sales by 2021 - - 4 years!
Tax free shopping for veterans next month
Point-of-entry
Loyalty
1. What is the right discount for military and veterans?
• Examine price sensitivities around similar priced products and services
• Audit other military discounts in your category
• Evaluate different discounted products and services based on margin
• Steer clear of a discount level openly offered to the general public
2. Target new customers to protect margin.
• Military discounts drive topline sales increases, but if those come only through existing customers you can sometimes compromise margin
• The military discount design should drive profitable sales increases for both current and new customers
3. Is fraud protection needed?
• If there is widespread use and it’s still financially beneficial, then there is little need for verification
• If there’s little risk of fraud & abuse by non-veterans (based on how discount is administered) then there is little need for verification
• If there is risk, one of the online verification engines is needed (ID.me, SheerID, GovX)
Note: Each verification engine is different, with different cost structure, so examine each closely to determine the best fit for your discount program.
On Base
off-base
3 biggest influencers are location, variety, and brand trust
75%+ of military shoppers live more than 5 miles from a base
(46% suburban and 26% rural)
off base, larger choice of stores with a greater variety of national brands that the military shopper trusts