• Skip to primary navigation
  • Skip to main content
  • Skip to footer

WPJohnny

WordPress Performance Guides and Reviews

  • Start a WordPress site
  • Hosting
  • Themes
  • Plugins
  • Blogging
  • Marketing

Never Promote Discounts! (PRICING STRATEGY)

WordPress marketing Aug 31, 2017 by Johnny 1 Comment

I’ve been saying this for a long time and feel it applies especially for small business:

NEVER EVER EVER PROMOTE DISCOUNTS!

If you need something to promote, promote FEATURES (or BENEFITS) but never promote discounts!

Giving discounts in subtle manners that don’t piss of customers that paid full price is ok, but DO NOT PROMOTE DISCOUNTS! There’s a saying somewhere I can’t remember, like “You can’t discount your way to a profit.”

Why?

Promoting Discounts is (usually) STUPID

Let’s start with where most of us even get this idea from. Most of us get it from all the largest brands out there. Super markets, clothing stores, furniture stores, automobile companies and on and on and on.

And most of us fail to realize why this tactic CAN work for them but usually never for us little guys!

Discounts wreck your price integrity in consumers eyes as they start to lose respect/value for your prices over time. The negative effects impact you less if you:

  • have tons of products (and only discounting some)
  • regularly change your products (and discount “older” ones)
  • discount products during launch but increase them after launch

This is why it works when big retailers with many products or often-changing products can discount….but absolutely horrible and not recommended for a company with few products that stay the same (like APPLE).

As for throwing in more and more bonuses, I don’t like that idea too much either but it can work and still retain your premium pricing if the added value is just enough to feel like added value but not so much that it feels like you’re throwing products away to get sales (desperation).

Discounting to increase sales might work the first couple times but soon afterwards customers stop buying (losing respect for regular prices) and just wait for the next sale. If you’re gonna promote, promote features and value, not discounts!

Train your demographic to look for features/benefits, not price!

So how DO you give discounts without losing respect?

That’s an art in itself. You never want to show a lower price that allows people to think “this brand/product isn’t worth full price”. You want them to think they’re actually getting a discount!

These are the only discount methods I approve of:

  • Private discounts – given only to special VIP insiders group for a legitimate reason! Other people shouldn’t see them.
  • Clearance discounts – perfect for getting rid of old stuff…it actually creates value for your new stuff. In contrast, the worst strategy is to give discounts on your newest items!
  • Group discounts – don’t go crazy with this…give only 10% max if they buy many seats.

And there it is…

Discounts should INCREASE brand value (not hurt it).

Share this post:

Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on EmailShare on SMS

Read all my posts on WordPress marketing

About Johnny

Right on the edge of WordPress development! 10+ years of WordPress design, development, hosting, speed optimization, product advisor, marketing, monetization. I do all that.

More WordPress Guides

Adventures with Amazon managed databases (Lightsail, RDS, Aurora)

What is “Managed Hosting” and where did it come from?

Hosting Multiple Sites in ONE Webhosting Account, is it INSECURE? (NO, it’s not)

STUPID WEB UI – using icons instead of text labels

Design logic behind the WPJohnny custom theme

Favorite motivational quote

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

More links

  • Gadget reviews
  • Try my free WPJ plugins
  • Join the WPJ FB Group
  • WPJ YouTube & newsletter
  • Become a WPJ Affiliate

Popular Reviews

  • Best WordPress Hosting
  • Best WordPress Themes
  • Best WordPress Plugins
  • Best WordPress Cache Plugins

Services

  • Speed optimization
  • Speed optimization courses
  • WordPress hosting
  • Hire me or other experts
  • Client login

About Johnny

10+ years of WordPress design, development, hosting, speed optimization, marketing.
Contact me.

newsletter block

Copyright 2023 | WordPress guides by Johnny Nguyen

Click to Copy