Review:
Promotions
overall review score: 4.5
⭐⭐⭐⭐⭐
score is between 0 and 5
Promotions are marketing strategies used to incentivize customers to purchase a product or service by offering discounts, deals, or special offers.
Key Features
- Discounts
- Deals
- Special Offers
- Contests
- Coupons
Pros
- Attract new customers
- Boost sales
- Increase brand awareness
- Create a sense of urgency
Cons
- Can lower profit margins
- May devalue the brand if overused
- Customers may become reliant on discounts