Top 10 Ways to Have an Online Sale by Donna Gunter
Copyright 2006 Donna Gunter
If you need money quickly or want a surefire way to increase your cashflow,
it's time to throw a sale. Having a sale is especially easy to do if you've
sell electronic information products (available as an online download), as your
overhead costs are very low once these products are created. However, a sale
also works if you have physical products that have to be shipped, especially if
you want to get rid of older versions of a product (cassette versions, for
example), or if you have slightly used products that have been returned (a
scratch and dent sale).
There's one key rule to remember for your sale -- make sure your audience is
aware that the sale has a time limit on it. Many shopping cart programs permit
you to put an expiration date on price specials for products.
Here are 10 occasions for you to have a sale:
1. Special occasion sale. Your birthday, children's birthdays, wedding
anniversary, business anniversary, half birthday, etc. are all occasions in
which you can have a sale. I constantly receive sale promotions commemorating
the owner's birthday or business anniversary. You can even have a little fun
with this and create your own special celebratory occasion -- your cat had
kittens, your child walked for the first time, your daughter lost her first
tooth, you repainted your house.....you get the idea.
2. National holiday sale. Those of us in the US might plan for national US
holidays like Labor Day, Independence Day, Thanksgiving Day. All you need to do
is consult the calendar and determine the national holidays in your country.
One of my favorite sales I offered a few years ago was one on Independence Day
here in the US. I asked if my readers wanted coaching to help them declare
their independence to do such things as finally starting that business of their
dreams, change their career to something that gives them joy, creating a new
marketing plan for their business that will get results, or reinventing
themselves or their businesses. A great online resource to locate holidays
around the world is http://www.earthcalendar.com
.
3. Special event day sale. Do you realize that there are special days to
celebrate almost every occasion? In the month of October alone there are
Billiard Awareness Month, National Breast Cancer Awareness Month, Celebrate Sun
Dried Tomatoes Month, National Cookie Month, to name just a few. The book,
Chase's Calendar of Events, is published annually with the current dates for
these special events. You can learn more about these days at
http://www.chases.com
. You can even submit information to them for a day that you'd like create!
4. Seasonal sale. Back-to-school sales are very popular, as are spring-cleaning
sales, winter stock-up sales, and "get ready for summer" sales. Of course, if
you have an international audience, those readers on the opposite end of the
world from you may not be able to relate to getting ready for summer when it's
their winter season, so you might want to use these sparingly.
5. Brick-and-mortar sales strategy. Believe it or not, what works in the brick
and mortar retail world also works online. It's very common for retailers to
hold tent sales, inventory clearance sales, scratch and dent sales or close-out
sales, so you can model that type of sale in your online business. In one of
Tom Antion's workshops I attended a few years ago, he talked about having an
inventory clearance tent sale and had a graphic of a red-striped tent that went
out with his promotion. The great irony, he explained, is that he has no
inventory because the items he had on sale were all electronic downloads.
However, it was one of the most popular sales he had held, as the concept of a
tent sale is very familiar to the American consumer.
6. Across-the-board discount or coupon sale. Give your contact list 25% off or
50% off of everything you sell, or create a coupon code or special link for a
sale on certain items. You can make this coupon or discount available
exclusively to your VIP list, whether that's your audience at a conference,
your email newsletter list, or your current client base. Everyone feels special
if they're on a VIP list!
7. Pre-release sale. Do you have a product that's almost ready to launch, a
subscription membership site that's about to go live, or a printed book that's
about to be issued? If so, give your list members the opportunity to buy it at
a special price before it's released to the public. Consumers want to be the
first to have the newest information, so give your list members first shot at
your newest information.
8. BOGO sale (buy one, get one free). What works for Payless Shoes can work for
you, as well. You can offer a buy one, get one free for one of your products,
and pitch it so that if one of your customers splits the costs with a friend,
they'll each get a full product for 50% off the regular price. Or, they can
give the additional copy to a client or colleague. Another way to create a BOGO
offer is for all of your same-priced products, i.e. if you buy one for $29.99,
you can get any other product priced at $29.99 or less, for free!
9. Payment plan sale. I see so many furniture store ads proclaiming,
"Interest-free financing! No payment until some date that's 2 years from now."
If you have higher priced products, you can do the same thing. Offer to let
your customers divide payments over 3, 4, or more payments. Sophisticated
shopping cart programs will permit you to set up recurring billing, so that
your client's credit/debit card is charged automatically on the same day each
month for the appropriate number of occurrences.
10. Tax-free or free shipping sale. If your state requires you to collect sales
tax on your products, offer to pay the sales tax for your customers. Each
August the State of Texas sets the first weekend of August as a "Tax-Free
Weekend" for clothing purchases in preparation for sending children back to
school. You can create a similar offering in your business, but you'll need to
check with your state tax office on the legalities of offering such a sale. Or,
you can offer free shipping if they buy before a deadline you've set, or if
they buy a certain dollar amount from you. Instead of standard shipping, you
can also offer to upgrade the shipping to express if they meet certain buying
conditions.
Take a look at what types of sales make sense for you, get out your calendar,
and integrate them into your marketing plan. If you have a good sense of when
cashflow is tight, a planned sale should significantly boost your revenue.
About the Author
Online Business Resource Queen (TM) and Business Coach Donna Gunter helps
self-employed service professionals learn how to get more clients online at
http://www.OnlineBizCoachingCompany.com . To sign up for more FREE tips
like these and claim your FREE gift, TurboCharge Your Online Marketing Toolkit,
visit her site at http://www.GetMoreClientsOnline.com
. Read about running an online biz at our blog,
http://www.getmoreclientsonlineblog.com
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