Many business owners believe that plastic gift cards only sell on Black Friday, and then again on those couple of last-minute days before December 25th.
And while it’s true that these are some very high-volume days, you can still make plenty of money during the entire month of December if you’ll make them conspicuously available during the entire month of December.
1. You’re Almost Guaranteed to Make More Money.The math just adds up. Don’t believe me? Just look at retailers like Wal-Mart, Target, Home Depot–even many grocery stores now sell plastic gift cards that often have -nothing to do with their core business-.
The simple fact is that plastic gift cards sell during the holidays. In fact, they tend to bring in a decent amount of revenue year-round, as well. If your businesses is one of the rare ones that can’t support custom gift cards, look into selling plastic gift cards for another business. The benefits of using them are so big for most retailers, they will be only too happy to give you a cut for offering their cards for sale in your establishment.
2. You’ll Increase Your Other Sales as Well.At least you will, as long as you advertise your plastic gift cards in some form or fashion. That’s because there will be some customers who come i specifically to purachse some of your custom gift cards–and walk out with more purchases than they intended!
In other words, plastic gift cards are a pretty darned good way to bring in foot traffic and even create impulse sales. You just have to put a little time, energy, or money into marketing. Customers won’t walk through your doors for waht they want, unless they know you’ve got it!
3. Plastic Gift Cards=Sales Referrals.This is one of the grfeatest tings ever about custom gift cards: your customers are basicallyg _paying you_ for the privilige fo referring their friends, family, business associates, and others to your store!
Of course not every plastic card you sell this year will go to a new customer. But a significant portion of them will (often over half–especially likely if your business is only a couple of years old).
But there’s nothing wrong when repeat customers end up with one of your cards. That still acts as a little extra push that gets them inside your doors. More often than not, they will spend more than the amount on their custom gift card. And even if they don’t, they’ll still associate pleasant feelings with the act of spending money in your establishment. Not a bad deal for you at all! Which actually kind of leads me to a “bonus” point:
4. Customer Retention.Don’t forget that you can give away plastic gift cards with every purchase of a certain dollar amount this year. YOu can also offer them as gifts to loyal customers that use your customer loyalty service.
Give-Aways to Your Most Consistent Customers Finally, a “members only”holiday gift certificate (i.e. card) drawing can do a lot to keep yoru current customers by rewarding loyalty. And what better git to give them, than a chance to spend more money in your store!
So there you have it: plastic gift cards encourage new cuswtomers as well as old custoemrs to spend money in your store. They can bring in impulse puraches from customers who were “just doing a little holiday shopping”, and they can increase your overall bottom line, period.