In this world of supply and demand, Companies introduce various strategies to increase the sales of their products. From lucrative promotions to extended after-sales packages to social media advertising, these are just some of many ways. In my opinion, Sales promotions are the most proficient way to have an uprise in sales.
First method to increase sale is through sales promotions, this helps in the rapid rise of product awareness amongst existing and potential customers. In this way, the segment of customers with less probability of buying the same product at a normal price might do the purchase as it is now available at a discounted price. Survey says, 45% of customers in the USA awaits for Black Friday sales to purchase expensive products such as Mobile phones and Home Appliances. The sales department holds a key stake in companies’ financial growth.
On the other hand, Social media advertising is another card used effectively by numerous companies, in order to escalate their products trade. This is another effective way to place the product in front of the customers using a broad reach of Facebook, Twitter etc. To exemplify, during COVID-19 restrictions, Apple. INC launched its latest product line through various social media platforms. Therefore, This method provides an opportunity to improve sales speedily.
In my opinion, Sales promotion stands out in the methods for increasing the sales of a product. Quality products at a discounted price will encourage consumers to spend. For instance, various malls and stores have a dedicated discount/ express section to clear out the stock in no time. Consequently, this way people spend smartly.
In conclusion, number of methods are used today for product sales. However, sales promotions are the most effective way.
In this world of supply and demand,
Companies
introduce various strategies to increase the
sales
of their
products
. From lucrative promotions to extended after-sales packages to social media advertising, these are
just
some
of
many
ways. In my opinion,
Sales
promotions are the most proficient way to have an uprise in sales.
First
method
to increase
sale
is through
sales
promotions, this
helps
in the rapid rise of
product
awareness amongst existing and potential
customers
. In this way, the segment of
customers
with less probability of buying the same
product
at a normal price might do the
purchase
as it is
now
available at a discounted price. Survey says, 45% of
customers
in the USA awaits for Black Friday
sales
to
purchase
expensive
products
such as Mobile phones and Home Appliances. The
sales
department holds a key stake in
companies
’ financial growth.
On the other hand
, Social media advertising is another card
used
effectively
by numerous
companies
, in order to escalate their
products
trade. This is another effective way to place the
product
in front of the
customers
using a broad reach of Facebook, Twitter etc. To exemplify, during COVID-19 restrictions, Apple. INC launched its latest
product
line through various social media platforms.
Therefore
, This
method
provides an opportunity to
improve
sales
speedily
.
In my opinion,
Sales
promotion stands out in the
methods
for increasing the
sales
of a
product
. Quality
products
at a discounted price will encourage consumers to spend.
For instance
, various malls and stores have a dedicated discount/ express section to
clear
out the stock in no time.
Consequently
, this way
people
spend
smartly
.
In conclusion
, number of
methods
are
used
today
for
product
sales
.
However
,
sales
promotions are the most effective way.