Is Discount The Best Selling Strategy?

[Nomad]

Discounts can attract buyers, but is this the best selling strategy? I am asking this question because discounts will reduce your profit margins. Some people raise price and then offer discount but customers compare prices before buying so, they will find out your discounts are not truly discounts. Frequent discounts may lead to financial losses. Sometimes it is good but using it as a regular sales strategy can be harmful.

 

[eLdavis]

Why offering discount can be an effective strategy, too much of it can definitely have a negative effect

 

[Min George]

Discount is one of the least strategy to sell. Targeted advert is a much more compelling sales strategy.

 

[kit_hung]

Discounts can attract customers. if excessive, can eat profits and damage businesses. Customers compare prices n discover tricks. constant discount strategy can lead big losses. better use discounts at specific times to protect business.

 

[Starmix]

I agree, people flock to the items on sale or on a big discount offer. It is always observed here during special occasions like city Fiesta, Valentine's day, and Christmas mall and stores offer huge discounts up to 70 %.