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Updates — 08 May 2023
How to grow your business with promo codes
Perhaps, we don’t need to mention numerous studies which indicate coupons as one of the main factors that influence customers’ purchasing decisions. However, in a competitive environment, most shoppers expect a discount, whether a product has just come out or it was introduced a long time ago. In the first case, a short promo code can stimulate great interest in an unknown company, while, in the second case, customers want to be rewarded for their loyalty.
Apart from building brand awareness and customer loyalty, there is something every marketer should remember: when a person uses promo codes and buys cheaper products, in actual fact, they spend more money on their purchases in total. We also need to recognize that purchase is very often an emotional action. Namely, a discount makes us feel comfortable: on one hand, we save money, on the other, we allow ourselves to spend it. It is as simple and controversial as that.
While promo codes seem to be required in building the 2022 promotional strategy, it is essential to be aware of how to put it into practice and measure the performance of these ad campaigns. And Affise is here to help with both.
Promo codes can become an effective online and offline instrument to attract and retain customers, and also prevent churn. To achieve the objectives outlined in your marketing strategy fast and maintain performance consistently high, adhere to the following principles:
Affise’s tool allows business owners and marketers to monitor their campaigns through this feature. “Using promo codes, we can track the specific code results for a particular publisher, which helps us optimize conversions and overall revenue of the campaigns,” said Rahul Agrawal, senior manager of Wow Skin Science.
At Affise ecosystem, a promo code is a unique set of letters, numbers, and symbols that can be generated for an affiliate on a particular offer. Partners can use it to promote a product or service, special terms, or improve processes. “Promo codes have helped us build a new workflow with in-app partners like CRED, JIO, Cashkaro, etc., in just a few days,” says Rahul Agrawal.
In the Offer settings, navigate to the Promo codes tab and click Add new code.
The progress bar on the list of promo codes shows how many conversions have been created within a particular limit.
At Affise, it is possible to use promo codes and tracking URL together to track clicks and sales and get more insights into the marketing funnel.
Along with the standard process, we offer our clients a bulk action to generate a list of codes for a group of affiliates. With this feature, you can generate random values or unique codes with a customized character set for a particular event.
If you have been contemplating a partnership with bloggers or social media influencers, you can try this marketing channel right now with the help of Affise’s new tool. If you have been contemplating the partnership with bloggers or social media influencers, you can try this marketing channel right now with the help of Affise’s new tool.
Promoting promo codes with influencers has the potential to attract potential customers to the page and turn some of them into regular customers. A discount or promo code can be found in the description of a video on Youtube, podcast, or other featured content. Promo codes are also popular on Instagram posts, where influencers tag the promoted product in the caption.
Generate or add promo codes, provide them to the relevant influencers, and your target audience will see that your product suits a certain lifestyle.
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