General Articles

A great way to lure customers is to offer incentives and special pricing. Customers are attracted to great offers, and everyone wants to save money. However, not all businesses are successful at implementing incentives. For example, giving free mints at the end of a restaurant meal can increase tips by 26%. Incentives and special pricing also influence a customer’s decision to purchase additional products or services. A good example is a restaurant that offers a dollar bonus for every customer’s dollar. As a result, the customer feels more enticed to buy more items, and the restaurant can then get more money from the extra discount.

You can use similar techniques to lure customers to your online stores, including discount codes and raffles. Read on for more information on creating an incentive program for your customers.

Companies can offer free trial products or trial-sized items to promote a new product … Read more

The CPI (Consumer Price Index) inflation measure was released on 16 June, and it shows, that the inflation rate has jumped to 2.1%. The forecasts were previously speaking of 1.8%, and another thing is that the inflation rate has reached the target mark set by the Bank of England at 2%.

ONS (the Office for National Statistics) presents us with the data that shows that the costs of fuel and clothing (which are rising), have been responsible for the inflation rate rise. We are witnessing the crude prices’ rise, as well as the increasing costs of motor fuels (as much as 17.9%). The clothes have become 2.3% more expensive, which is the biggest rise since 2018.

Retailers do not help, as they are keeping the prices relatively high, with not many discounts. But there is nothing to be surprised of, as this state has been present since … Read more