10 Ways to Boost a Brand with Coupon Marketing
Coupon marketing has emerged as a leading tool for branding and lead generation. The escalating challenge of decreasing brand loyalty among shoppers further complicates the landscape, prompting marketers to leverage discount coupon codes as a means of retaining consumers to a certain extent. With 90% of consumers using coupons, it’s clear that there’s a strong demand for deals. Digital coupon redemptions are expected to surpass $90 billion by 2022, highlighting their growing importance. Additionally, 63% of shoppers express a desire for more accessible coupons, and emails featuring coupons see a significant revenue increase of 48% per email. However, it’s important to be aware of potential downsides. Over-reliance on coupons can diminish a brand’s perceived value, and regularly offering discounts may lead to delayed and less profitable sales. Moreover, prominently displaying coupon codes during checkout can contribute to higher cart abandonment rates. Utilising coupon codes in marketing strategies offers numerous benefits for brands, aiding in customer retention and engagement in a competitive marketplace. First Things First – What is Coupon Marketing? Coupon marketing campaigns serve various purposes, offering a straightforward approach to building brand recognition, especially when entering new markets or launching a business. Additionally, coupons effectively attract new customers and facilitate their conversion into loyal patrons. This article delves into the rationale behind employing coupon marketing campaigns, providing insights into effective deployment strategies. Furthermore, it highlights key considerations to avoid potential pitfalls and ensure the campaign contributes positively to business growth. Shoppers are drawn to savings, making coupons and discount codes a compelling tool for digital marketers introducing new customers to products or services. 10 Top Coupon Marketing Strategies to Boost Your Brand Value and Sales: Coupon marketing is a powerful tool for marketers looking to attract new customers, retain existing ones, and boost overall brand awareness. As a marketer, I understand the significance of special offers in sales and lead generation. It can enhance a brand’s presence and appeal so below I list the best ways to leverage coupon marketing strategies: 1. Partner with Top Coupon Sites Collaborate with popular coupon sites to feature your discounts and offers. This increases visibility and drives traffic to a brand. In the past, coupons in the UK predominantly targeted grocery items, but today, the range of categories has significantly broadened. Top UK coupon websites now offer vouchers applicable to a diverse array of products and services. These coupons can be utilised for various purposes, spanning from web hosting packages to entertainment and beauty treatments, among others. Several platforms offer access to over 24,000 brands and more than 100,000 coupon codes, allowing users to take advantage of the most competitive cashback and commission rates available. 2. Plan Exclusive Deals While spur-of-the-moment deals may create initial excitement, meticulously planned ones sustain long-term interest. An actionable step involves crafting a 12-month forecast of potential deals, and strategically aligning them with notable dates and industry events. For instance, in the electronics sector, integrating offers around tech events can provide a significant advantage. Research indicates a substantial demand for deals, with nearly 60% of consumers visiting coupon websites every week, or even multiple times daily. By preplanning deals, businesses can consistently provide fresh and enticing offerings to cater to this eager customer base. 3. Utilise Digital Coupons Effectively Coupons hold significant value for e-commerce platforms as they serve as catalysts for customer action. Particularly, new or emerging brands stand to gain considerable advantages from offering coupons. According to research conducted by Inmar Intelligence, 54% of shoppers are inclined to purchase from a new brand due to its cost-effectiveness, with approximately one-third being influenced by digital coupons. By implementing an effective coupon email marketing strategy, marketers can target customers in their preferred online spaces by email for example. By leveraging factors like relevance, timeliness, and perceived value within coupon email campaigns, marketers can effectively enhance exposure and drive customer engagement to product or service pages. 4. Combine Seasonal and Event-Based Promotions Utilising a promotional calendar allows for strategic timing of promotions to achieve optimal impact, aligning them with holidays, special occasions, or seasonal trends. Customising a marketing timeline based on targeted events, whether it’s Boxing Day for UK customers or Lunar New Year for buyers in Asia, enhances effectiveness. It also increases brand engagement especially on social media as you can see in one of the posts I’ve designed for the londonbusinessnews.com magazine in our London Life FB page to encourage more people to read our articles: For instance, when planning sales like Black Friday or Valentine’s Day, ensure to distribute discounts and coupon codes via social media and email to effectively promote what you offer in connection with the event. 5. Leverage Social Media Another effective tactic to enhance your coupon marketing strategy involves promoting new products and discounts through social media channels. With billions of users active on platforms such as Instagram, Facebook, and Twitter, incorporating regular discount sharing into your strategy is essential. Nonetheless, caution should be exercised to avoid excessive coupon usage. Constant sales may diminish the perceived value of your products, potentially leading your audience to view your coupon strategy as merely a ploy to acquire more emails or followers through lead magnets. It’s important to link your discount offers with events or compelling reasons and to utilise not only your social media channels but also groups and topical pages as I showed above. On top of that, you can also run paid social media ads for your discount campaigns where you can target very specific groups. 6. Strategic Email Segmentation Segmenting your email list according to behaviour, interests, and purchase history enables the creation of targeted coupon campaigns for each subgroup. To implement this strategy effectively, review your CRM data to discern customer trends and utilise insights garnered to craft personalised offers using email marketing tools. Tailoring discount coupon emails not only enriches the customer experience but also boosts conversion rates. Furthermore, consider incorporating coupon links into various types of emails, including signup or subscription confirmation emails, promotional content, and other




