thoughts on / knowledge of / resources for - promotions in marketing

Anyone have resources you look to or knowledge of how to go about promotions? OR what are your thoughts on promotions as a customer? What do you respond to, what are you off-put by? I'm also interested if you have thoughts on sustainable/ethical brands and promotions (I have a lot of feelings about this last part especially and it would be great to hear some other perspectives).

(Why: I'm starting some automated Mailchimp marketing - an email sent on a customer's birthday, for example - and I'm trying to figure out things like should I offer a percentage discount or a flat dollar amount off on an order.)

Parents
  • My thoughts : As a customer I am typically drawn to consistency and transparency of promotions from brands. I never buy anything full price Lands End, Vistaprint or Blurb because I know once/month they do a 40% off promotion. Other brands I know don't ever give more than 10-20% off so I know not to wait around for promotions more than that.  Room and Board, a furniture company, never does sales.  It's part of their mission of transparency in pricing to not pressure customers to make the wrong decision. I love a birthday promotion. I love the thought of a referral promotion but don't typically send them to my friends. I am also a big fan of added value promotions (ie, jewelry storage bag, cleaning cloth, ring box, etc.) for minimum purchse amount. I especially like this around holidays because I am typically buying multiple gifts for other people, and it can be an enticing added value for the receiver or myself. 

Reply
  • My thoughts : As a customer I am typically drawn to consistency and transparency of promotions from brands. I never buy anything full price Lands End, Vistaprint or Blurb because I know once/month they do a 40% off promotion. Other brands I know don't ever give more than 10-20% off so I know not to wait around for promotions more than that.  Room and Board, a furniture company, never does sales.  It's part of their mission of transparency in pricing to not pressure customers to make the wrong decision. I love a birthday promotion. I love the thought of a referral promotion but don't typically send them to my friends. I am also a big fan of added value promotions (ie, jewelry storage bag, cleaning cloth, ring box, etc.) for minimum purchse amount. I especially like this around holidays because I am typically buying multiple gifts for other people, and it can be an enticing added value for the receiver or myself. 

Children
  • Training customers to expect promotions is a real problem for many established retailers. I'm like Margaret and there are stores where I never buy anything full price (e.g., Banana Republic). The easy way to avoid this trap is to always have a real reason for a promotion. Birthdays, grand openings, referrals, new partnerships, etc - these will all keep you out of future trouble and make sense to the consumer.

    The only downside of things like birthday promotions is that they require a high level of customer engagement to get the info, so they're not going to move the needle until your customer base is large enough. You can set up programs like that now but realize it may not do anything to your sales for quite a while (years).

    From my perspective, the strongest fashion/jewelry promotions are usually linked to news around the product line. This kind of promotion has a dual function -- in addition to goosing sales, it has the potential to get the media and consumers talking about your product and sharing information about your brand on their own, and that can give you a nice ROI on the discounts you're offering.

    If you need some ideas, Alex & Ani used to run reasonable email campaigns although I haven't really looked at them recently.

  • Thanks so much for your thoughts - I appreciate it. I think the idea of only having them for an actual reason is a good rule of thumb. In general I'm trying to create a sense of mindful consumption and fair pricing around my line and so I definitely don't want customers to start to feel that the "real" price is the discounted one OR to feel that they have to buy on impulse during sales. I'll subscribe to Alex & Ani and see what they get up to.

    Thanks again for your thoughts!