Coupons are one of the most powerful tools of promotion and marketing tactics for a business. A coupon is a piece of paper or an electronic document with a value that can be redeemed for a discount. You might have come across coupons at malls, grocery stores, retail stores, supermarkets while booking tickets or purchasing your favorite dress online.
Many studies have proven that most Americans find coupons alluring, and approximately 90% of the customers look for coupons. Couponxoo is developing algorithms to help with search and save.
Let us look at the reasons why customers use coupons to save big amounts.
1. Satisfaction of coupons
The law of diminishing marginal utility says that the satisfaction of customers decreases as they consume more. However, the coupons can be an exception to this. Coupons provide a sense of satisfaction to the people, and they feel they have saved some value. For example, Couponxoo is growing, expanding its reach for more savings when shopping.
2. Value of coupons
Coupons, which come with value, offer discounts that can be redeemed at the time of purchase. Although you can save money with coupons, excessive of them can result in you spending much more than what is required. However, if used wisely, the coupon can be an economical option for saving many dollars on your monthly budget. A dollar here and a dollar there can add on to save hundreds of dollars monthly.
3. Purchase dream items
Many customers wait for the coupons to grab good deals on the hefty-priced items that can be really beneficial when it comes to bumper savings. Even a small saving on big items can variate your monthly budget. Items like washing machines, television, air conditioners, etc. Search for the available coupon online and call the customer care of the brand to enquire. You can make use of rain checks on the purchase of luxury items. As the prices of electronics surge drastically, you can talk to the store owner to avail rain checks, ensuring that you will get the item at the current price when it is back in stock again.
Things to keep in mind while using Coupons:
1. Keep an eye on the coupon policies.
The coupon policies of many big brands and stores are available online. You must know their policies to grab the right opportunities to use them. Know if they accept the competitors’ coupons or are there any schemes going on.
2. Make a surreptitious move.
Don’t get overwhelmed by the idea of using the coupon. Contemplate the deas that you’re getting. Many times the businesses dupe you to fall for deals that are not fruitful. For example, a flat 50% off on the product means you get half your money back, but a 20%+30% off doesn’t imply a 50% off. The cumulative discount, if calculated, results in only 44% off. Many customers fall for bumper coupons without calculating the deal that they are getting.
3. Keep the expiry date in mind.
Make a note of the expiry date of the coupon so that you don’t miss them. Use them much before the expiry so that they can be redeemed timely. Sometimes, you don’t have to use all coupons so let them expire. Don’t be too conscious about availing of every deal.
4. Use the coupons in the right order.
Using the coupons judiciously is important to avail the maximum out of it. Suppose you have a coupon of $10 on the purchase of $100, and the others are much more than this value. Use this coupon first as the cashier will use other coupons, and the price might go down, less than $100, and this coupon might stand invalid or negated. To maximize savings, do the calculations beforehand and the present coupon in the order lowest to largest.
5. Don’t buy anything and everything.
Coupons might seem alluring, but approximately 30% of Americans buy things that they don’t need to prosper the business houses. Plan your monthly expenses, and the most urgent things should be on the top of your list of availing coupons. If you want to save on your grocery expenses with the coupon, then plan your week’s meals and expenses according to that. Don’t buy unnecessary items. Suppose there’s an offer on three things. Think if you can use them in combination for your meals. Some food items are on sale just because their sales are falling. So don’t put them on your checklist.
Coupons are fascinating but remember that businesses are there to make money. So, don’t fall for every offer that you see. Coupons can be a great source of savings if used judiciously. Nowadays, everyone is talking about Couponxoo. Their site offers genuine and attractive offers. Check out exciting deals on your favorite brands.