Promotion Strategies to Crank Up Sales in a Slow Economy
In a time with so much economic uncertainly, consumers are on the hunt for bargains. And consumers aren't the only ones tightening up their belts; businesses large and small are scrutinizing purchases more than ever.
Whether your company sells to consumers or business, creative promotion strategies can give sales a much-needed boost to revenues in a difficult economy. To generate ideas, take a look at the big retailers. While the economy is slow, the big box stores are pulling out all the stops to bring customers in the door (and to their websites).
Following is a list of promotion strategies from the real world. Use these to inspire ideas for generating creative promotions for your business. Though many of these are used in retail sales, they can easily be replicated for all kinds of businesses.