Did you know that using Tillo you can easily run promotions anytime and report on its success easily and effectively?
Over the last couple of years we've seen a number of promotions, across different retailers and partners, we have been delving deep into the data to see what insights we can learn to increase our understanding on what works and what doesn’t when it comes to promotions.
In this blog we've shared some of those insights to help those on our network run successful promotions in the run up to this peak season.
Our analysis uncovered three interesting discoveries that were common across all the promotions we have run so far.
Sales go up! - During a sale, the number of gift cards sold goes up in comparison to previous periods. Ok, I know what you are thinking and that is that this is a pretty obvious observation and in some respect you are right. However it is worth calling out as some of the increases we have seen have been pretty significant. We have seen a range from 15% to a whopping 160% uplift!
Average loads increase! - A bit more of a surprise was that you also see an increase in the average value that is being loaded onto each gift card. So not only are more people buying more but they are really taking advantage of the deal and loading more than average onto the gift card that they are purchasing. In this area we have seen increases of between 20% - 30% in average loads compared to previous periods. I think you will agree this is not an insignificant change!
Give more, get more! - We are seeing a direct correlation between the value of the discount and the percentage increases in sales and average loads. The finding here is quite frankly, the more you give the more you get in return!
There it is fair to say that Promotions really do work as a means to increase both sales and load values.
We shall continue to analyse data for the peak season 2021 and will share our findings to help you plan your sales in the future.
Setting a Promotion up with us is really easy. Our platform automates the application of the rules of your sale for you and provides you the with visibility on the sales to allow our customers to monitor and report on the success which is crucial in running a campaign and learning for future ones.