Types of discounts which you can give to your customers inorder to sell more in your business
The followings are types of discounts which entrepreneurs can give to their customers inorder to increase sales for the goods and services which they sell once the customer has purchased or about to purchase goods and services from the business.
Entrepreneurs can give trade discount to their customers incase the customers purchases goods and services with the aim of selling those goods and services back to other customers or consumers.These discounts should be given to customers incase the entrepreneurs are producing or manufacture of goods and services.
Entrepreneurs can give quantity discount to their customer's incase the customers purchases large amount of goods from the business so as to influence customers to purchase more goods and services from the business in the future or when the customer's comes again to the business.
Entrepreneurs can give cash discount to their customers incase they makes early payment for the goods and services which they had sold to them.You should only give these discounts to your customers incase you sold the goods and services to the customers on credit and then you had agreed that for example that your customers had to pay for the goods and services at the end of the month.But when it happens that the customers pays for the goods and services before the end of the month then you can give them cash discounts,these cash discounts will not be applicable to customers who pays at the end of the months or thereafter that month.
Entrepreneurs can give seasonal discounts to their customers for all the seasonal goods and services which they are selling in their businesses.Seasonal goods and services can be products such as umbrellas,fashions items such as fashions clothes or fashion design cars or any fashion accessories which losses it worth after certain period of time due to demand for them lowers after some time.So entrepreneur should only give seasonal discounts to seasonal goods when their demands by customers for those seasonal products have gone down.Like for example when their is new fashion clothes then more customers would want to purchase the clothe so the price for the clothe would have to shoot or be higher but when too many people purchases or have purchased the clothe then other customers would not want to purchase the clothe because they sees or perceive that the fashion have become outdated so fewer customers would want to purchase them.So as a business owner then you will have to sell the remaining fashion stocks which you have at a lower price or simply give discounts to your customers so as to sell the remaining fashion clothes stocks or to clear the fashion stocks that you already left with.The discounts can also be given to products such as umbrellas which are expensive during rainy seasons but are lower during sunny seasons because less peoples have demands for them during sunny days so umbrellas become sold at discounted rate during sunny days.Seasonal discounts can also be given during the end of financial year so as to clear stocks which you already have to easily calculate your financial statements of accounts such as profits and loss accounts,balance sheets and cash flow accounts for your business financial performance.
Entrepreneurs can give promotional discount incase they are promoting their goods and services.These discounts should be given incase your are new to the business or you have introduced new products to the business so you give promotional discount to your customers so that customers knows your new business or for customers to know the new products and services which your selling at the market.
Entrepreneurs can give geographical discount to their customers based on distances between the business and where their customers are located.These discounts is applicable only when you are supplying goods and services by transporting the goods and services to too many customers located in different geographical locations.So customers who are located near your business will enjoy or receive more discounts on the goods and services purchased while those customers who are located far from the business will receive less discounts since you will have to cater for the extra cost of transporting the goods and services to where the customer's are located.
Entrepreneurs can also give trade-in credit discount to their customers incase they have introduced newer version of certain products and inorder for customers to get discounts when purchasing the newer version of the product then they customers have to return the older version of similar product brands which they had initially bought long time ago.So incase your are making products such mobile phones and it happens that you have produced or introduced newer version or advanced version for similar mobile phones so you will have or you will give discounts to customers who returns the older version of mobile phones incase the customer wants to purchase the newer versions for the mobile phone.So the customers will have to return the older version of mobile phone inorder to get discount when purchasing the newer version for the mobile phone.These discounts is only given to customers incase entrepreneurs are manufacturing or producing goods and services and it happens that they have introduced newer advanced version of products and services which they want to sell to the market.So the aim of giving trade-in credit discounts is to enable their customers to have the newer versions of products and to remove the older versions of products out of the market so that they can also be able to recycle them.
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Services which the business can get from bank's
Expenses which entrepreneurs encounters during their business operation
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Discounts
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What is trade discount in business
What is quantity discount in business
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What is seasonal discount in business
What is promotional discounts
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What is accumulative quantity discount in business
What is non-accumulative quantity discount in business
Type of discounts in business
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What is indemnity
What is deductible when taking insurance policy cover
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Business cleanliness
Types of cleaning facilities which business must have
How employees can maintain good hygiene within business organization's
How to remove dusts from within the business organization's
Effects of dusts within the business organization's
How to wash business toilet thoroughly clean
How the business can have sufficient water
Major functions of water within business organization's
Entrepreneurs can give trade discount to their customers incase the customers purchases goods and services with the aim of selling those goods and services back to other customers or consumers.These discounts should be given to customers incase the entrepreneurs are producing or manufacture of goods and services.
Entrepreneurs can give quantity discount to their customer's incase the customers purchases large amount of goods from the business so as to influence customers to purchase more goods and services from the business in the future or when the customer's comes again to the business.
Entrepreneurs can give cash discount to their customers incase they makes early payment for the goods and services which they had sold to them.You should only give these discounts to your customers incase you sold the goods and services to the customers on credit and then you had agreed that for example that your customers had to pay for the goods and services at the end of the month.But when it happens that the customers pays for the goods and services before the end of the month then you can give them cash discounts,these cash discounts will not be applicable to customers who pays at the end of the months or thereafter that month.
Entrepreneurs can give seasonal discounts to their customers for all the seasonal goods and services which they are selling in their businesses.Seasonal goods and services can be products such as umbrellas,fashions items such as fashions clothes or fashion design cars or any fashion accessories which losses it worth after certain period of time due to demand for them lowers after some time.So entrepreneur should only give seasonal discounts to seasonal goods when their demands by customers for those seasonal products have gone down.Like for example when their is new fashion clothes then more customers would want to purchase the clothe so the price for the clothe would have to shoot or be higher but when too many people purchases or have purchased the clothe then other customers would not want to purchase the clothe because they sees or perceive that the fashion have become outdated so fewer customers would want to purchase them.So as a business owner then you will have to sell the remaining fashion stocks which you have at a lower price or simply give discounts to your customers so as to sell the remaining fashion clothes stocks or to clear the fashion stocks that you already left with.The discounts can also be given to products such as umbrellas which are expensive during rainy seasons but are lower during sunny seasons because less peoples have demands for them during sunny days so umbrellas become sold at discounted rate during sunny days.Seasonal discounts can also be given during the end of financial year so as to clear stocks which you already have to easily calculate your financial statements of accounts such as profits and loss accounts,balance sheets and cash flow accounts for your business financial performance.
Entrepreneurs can give promotional discount incase they are promoting their goods and services.These discounts should be given incase your are new to the business or you have introduced new products to the business so you give promotional discount to your customers so that customers knows your new business or for customers to know the new products and services which your selling at the market.
Entrepreneurs can give geographical discount to their customers based on distances between the business and where their customers are located.These discounts is applicable only when you are supplying goods and services by transporting the goods and services to too many customers located in different geographical locations.So customers who are located near your business will enjoy or receive more discounts on the goods and services purchased while those customers who are located far from the business will receive less discounts since you will have to cater for the extra cost of transporting the goods and services to where the customer's are located.
Entrepreneurs can also give trade-in credit discount to their customers incase they have introduced newer version of certain products and inorder for customers to get discounts when purchasing the newer version of the product then they customers have to return the older version of similar product brands which they had initially bought long time ago.So incase your are making products such mobile phones and it happens that you have produced or introduced newer version or advanced version for similar mobile phones so you will have or you will give discounts to customers who returns the older version of mobile phones incase the customer wants to purchase the newer versions for the mobile phone.So the customers will have to return the older version of mobile phone inorder to get discount when purchasing the newer version for the mobile phone.These discounts is only given to customers incase entrepreneurs are manufacturing or producing goods and services and it happens that they have introduced newer advanced version of products and services which they want to sell to the market.So the aim of giving trade-in credit discounts is to enable their customers to have the newer versions of products and to remove the older versions of products out of the market so that they can also be able to recycle them.
Related links
Finance
How to finance business's
How to manage finance within the business
Factors to consider before taking business loans
Types of loans
How business's can get loans from the bank easily
How to prevent the business from being bankruptcy
How to make money from all wastes in the business
How to make money in your business
Services which the business can get from bank's
Expenses which entrepreneurs encounters during their business operation
How to invest effectively in business
Types of bank accounts which business's can open from the bank
Discounts
Why business's gives discounts to customers
What is trade discount in business
What is quantity discount in business
What is cash discount in business
What is seasonal discount in business
What is promotional discounts
What is geographical discount
What is accumulative quantity discount in business
What is non-accumulative quantity discount in business
Type of discounts in business
Entrepreneurship
How to be successful in entrepreneurship
How you can sell goods and services cheaply within your business
Expenses which entrepreneurs encounters during their business operation
Factors to consider before starting the business
How to get business ideas
How to display goods/services in the business
How to display goods/services in the business
How to know that your business is performing well
When should entrepreneurs increase price for the goods and services which they sell
How to work comfortably within the business
Types of business records
How to classify business files
How to partition offices within the business
Advertisements
How to effectively advertise goods and services
The correct time when business have to advertise their goods and services
What to consider before advertising your business goods and services
What details should be included when advertising products and services
The correct time when business have to advertise their goods and services
Customers
What to consider when taking customer order
How businesses can receive feedback from customers
How entrepreneurs can know trust worthy customers
How entrepreneurs cannot mislead customers
How to make customers to purchase goods and services which you are selling
How entrepreneurs can avoid misunderstanding with customers when taking their orders
How customers will easily identify the goods and services which you are selling
How entrepreneurs can attract more customers to their business
How entrepreneurs can treat customer’s well within their businesses
Purchases
Disadvantages of hire purchase to the seller in business
Advantages of hire purchase to the seller in business
Disadvantages of hire purchase to the customers in business
Advantages of hire purchase buying to the customers in business
What is hire purchase in business
Stocks and Shares
What is IPO(Initial Public Offering) in stock market exchanges
What is stock broker when buying and selling shares
Difference between outstanding shares and treasury stocks at stock exchange
What is guaranteed preference shares when purchasing shares at stock market exchange
What is redeemable shares when purchasing shares at stock market exchange
What is non-convertible shares
What is convertible preference shares when purchasing shares at stock market exchange
What is non-participating preference shares when purchasing shares at stock exchange market
What participating preference shares when purchasing shares at stock exchange market
What is non-cumulative-preference shares when purchasing shares at stock exchange market
What is cumulative preference shares when purchasing shares at stock exchange market
What is preference shares when purchasing shares at stock exchange market
What is ordinary shares when purchasing shares at stock exchange market
Types of preference shares in stock exchange
Types of shares in stock exchange market
What are shares in stock exchange market
Human resource
How to hire best employees in business organization's
How to motivate employees within business organization's
How to study behaviour of employees within the business
What you should know about your employees
Benefits of having intern workers within your business
What is performance contract in business
What is employee's records and details to be included in employee's records
Steps to be taken before business can hold meeting for their employees
How employees can be active within the business organization's
How to supervise your employees
Ettiquette’s which should be maintained by employees within the business
What is performance contract
Importance of delegation within the business organization's
What is chain of command in business
How office messengers will deliver information's quickly within the business
Insurance
What is insurance
What is cover policy
Types of insurance cover which your business should have
What is indemnity
What is deductible when taking insurance policy cover
How to prevent the business from fire
Business cleanliness
Types of cleaning facilities which business must have
How employees can maintain good hygiene within business organization's
How to remove dusts from within the business organization's
Effects of dusts within the business organization's
How to wash business toilet thoroughly clean
How the business can have sufficient water
Major functions of water within business organization's
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