4. Increase customer engagement and loyalty
In addition to boosting sales, short-term sales can also help build customer loyalty. When customers feel like they’re getting exclusive deals, they’re more likely to return to your store in the future.
Flash sales are also a great opportunity for inactive customers to get excited about your brand again. A good flash sale deal like free shipping or a significant discount can convince them to make an online purchase, even if they haven’t in a while.
Before delving into how to run a flash malaysia email list sale effectively, it’s important to evaluate whether such sales are truly worth your investment.
You’ve seen the benefits already, but there are also some notable disadvantages to consider.
Let’s take a look at them:
Margin erosion: Steep discounts associated with flash sales can erode profit margins, particularly if not carefully managed or if the discounts are too deep.
Brand dilution: Frequent flash sales can cheapen a brand’s image and diminish its perceived value in the eyes of consumers.
Operational challenges: Planning and executing successful flash sales require significant resources and coordination across various departments, including marketing, sales, and inventory management.
One important thing to note is that you want to avoid running too many sales.
If your potential customers think that there are always flash deals available from your brand, flash sale fatigue can set in and you’ll experience diminishing returns.