Coupons can be gotten from various sources, including the internet and national newspapers. Some coupon-loving websites also allow the free printing of coupons from home or from wherever for the purpose of promoting your business. Major grocery brands or stores also produce digital coupons which may be branded into the customer’s loyalty card, either at home, or at a coupon dispensing machine usually found in a store. Coupons from national newspapers used to be the most popular and most effective way of obtaining a coupon. Recently, the internet and mobile phone coupons are gaining popularity steadily. Apart from national newspapers, there are also some coupon retailers and book publishers who combine coupons and vouches into books, either to sell or to give out freely. Internet coupons can provide free shipping or reduced cost, a percentage discount or a specific dollar change, or some other offers that encourage consumers to purchase from some specific retailers or to purchase a specific product.
In this order, we can get coupon codes from:
- National newspapers,
- The never ending growing internet – from websites that allow the free printing of coupons,
- Grocery stores and their likes,
- Book publishers and retailers.
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There are many types of offers and discounts a customer always has at disposal while making a decision on what to purchase of which coupon to select. Some of the most common types of discount coupons include:
Percentage Based Discount: It is the most popular percentage based means or way of offering discounts. It can include small incentive percentages like 5% to 10% off. However, a larger discount offer like 20% to 25%, or even large percentages like 50%+ can be used to drive sales or liquidate old merchandise that isn’t moving.
Dollar Value Discount: Any business offer that is based on a dollar value is always positioned as a credit. It in most cases makes people feel like they have wasted money if they have not utilized it. In other studies, redemption of dollar based offers against percentage based offers can go as much as 175% greater.
Free Shipping: The cost of shipping is often cited as the number one reason as to why customers abandon shopping cart. A business that offers free shipping greatly mitigates this complication hence increases conversions. It is often used in conjunction with minimum order sizes that help increasing the average order value.
Free Gift: Offering free gifts with a purchase provides additional value to customers. If strategically used, it can increase average order size and get rid of a product that isn’t moving.
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While many people use coupons all the time whether it is for shopping or for fast food some people take it to the extreme and try to use it to their advantage to buy things cheap by using multiple coupons. These people are called Extreme Couponers or Super Couponers. Some of these people take entire binders full of coupons to the store and make massive purchases using hundreds of coupons and receive hundreds of dollars’ worth of items and only pay pennies to the dollar. The question though is, “Is it really worth it?” Maybe it just depends who you are.
To some people it is because they save a ton of money and overstock on everything, and maybe even sell some of it to turn a profit. But to others it is a nightmare. Extreme couponing can overload a house and family and cause stress both in the store and in the home. Yes, you are getting an amazing deal, but you have also spent hours putting together all the coupons and now your home is overflowing. Think about what you’re doing because to some people it is very worth it but to average people it is too much of a hassle.
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Most people don’t know that some fast food chains will accept competitor coupons as long as their menu has a matching item. While these chains do this they do not always display it openly to their customers because I will cause them to lose out on possible revenue. McDonald’s and Burger King both accept each other’s coupons for French fries and even for hamburgers. They consider the Whopper and the Big Mac to the same sandwich but under a different name. So customers who get a Burger King coupon in the mail but like McDonald’s food more, can head to McDonald’s and order a Big Mac with the Burger King coupon and get the same discount and vice versa.
So in short, we can save money by going through our mail and checking those coupons to see if they will work at their competitors. A coupon like overstock coupon for a free large French fries and drink with order of a sandwich can save you a ton of money. Fast Food may not be your regular diet but there are a lot of people out there who grab a bite to eat every work day at lunch so spread the word. Don’t let people miss out on opportunities like these.