Coupons and Rebates Foxboro MA

Many small businesses use coupons as part of their promotional programs. The more common ones entitle the bearer to some benefit, such as a price reduction on a particular product or service. Others reward frequent customers for their loyalty.

EmbroidMe
(508) 588-8383
1285 belmont st. (rte123)
brockton, MA
 
Power Promotional Products
(617) 969-0444
1480 Commonwealth Avenue
W. Newton, MA
 
Giggidy Advertising
(508) 989-8420
152 Chester St
Worcester, MA
 
Edible Arrangements - Cambridge
(617) 441-3666
94 Hampshire Street
Cambridge, MA
 
VERNON SALES PROMOTION
(877) 883-7666
PO BOX 300
SAGAMORE, MA
 
ADK Promos
(800) 244-2999
845 Albany Street
Boston, MA
 
Power Promotional Products
(617) 969-0444
1480 Commonwealth Avenue
W. Newton, MA
 
EmbroidMe
(508) 588-8383
1285 belmont st. (rte123)
brockton, MA
 
Joslin Advertising & Marketing, Inc.
(978) 762-8998
180 Locust Street
Danvers, MA
 
Ruma's Fruit & Gift Basket World
(617) 389-8989
PO Box 6178
Chelsea, MA
 

Coupons and Rebates

Coupons and Rebates

Many small businesses use coupons as part of their promotional programs. The more common ones entitle the bearer to some benefit, such as a price reduction on a particular product or service. Others reward frequent customers for their loyalty. For example, a coffee shop may give each of its customers a card that is punched when a pound of coffee is purchased. When the card is completely punched (perhaps after 10 or 12 pounds), the customer gets a free pound. Be sure that your pricing supports the cost of this type of promotion.

Don't forget that only a small percentage of coupons are actually used. Newspaper coupon redemption rates in the grocery, drug, and mass merchandise industry average between 1 percent and 5 percent. Redemption rates for other coupon delivery methods (e.g., mail, magazine, newspaper four-color inserts) vary widely, but still amount to less than 10 percent for most products.

Coupons attached to the product itself are the ones that are most likely to be used, with redemption rates of 20 to 50 percent. However, these coupons tend to be redeemed by existing customers, so if your intent in distributing coupons is to get new customers, find another way to get them to your targeted audience. One good thing about coupons is that it's easy to monitor the results: you'll see every one that comes in.

A coupon should be good for at least 10 percent off the retail price of the product to attract buyers' attention and increase sales, with a 25 percent discount off retail considered more effective for mass market disposable consumer goods.

Tip

Coupons come in many forms, but the one thing they must have in common is an expiration date! If you forget this, you'll live to regret it.

Advertising Age magazine keeps up with these trends and a host of other topics which may be of interest to you as you think about advertising and promoting your business. If your local library doesn't have a copy, you can get on...

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