[raaman]

Discounts and promotions - are they necessary in a business? If so, how will you handle them?

[augusta]

I will Offer discounts based on the number of purchases or amount spent. customers who spend a certain amount in a month might receive a small discount, while those who spend even more might get a larger discount.

[germainebull]

Me I would offer discounts to customers who make repeat purchases. Starting from the third purchase.

[Paradise]

I'd use discounts to move slow stock, attract first time buyers, or reward loyal customers, not as a default. I would also keep them short and tied to a goal so that I don’t train people to wait for sales. Moreso, I'd always check the numbers first to make sure I'm still making profit because promotions should build value, not just cut price.