Ask Should small businesses involve in discount giving?

[Btaliat]

Small business in all ramifications, should focus more on how to grow. Giving incentives like discount and bonuses should not be their focus until they have all what it takes to do so. There are different other things that they can involve in that can engender their growth apart from giving incentives to the customers.

They are however advised on selling at reasonable market price to bring in more customers. What do you think about this? Share your thoughts below.

 

[Dean101]

Discounts can attract new customers, encourage repeat purchases, and help clear old stock, which can be really useful when trying to build a loyal customer base. On the flip side, too many discounts might make customers expect lower prices all the time, which can hurt profits. It's also important for small businesses to make sure they can still cover costs while offering deals. A smart approach is to offer occasional, targeted discounts like for first-time buyers, seasonal promotions, or loyalty rewards

 

[Newman]

I have seen small business owners that are also doing discount giving. This is not a way forward to get more customers. In fact, it can make the business owners run into debt if now well managed. Discount should be given at some intervals and by successful business owners only.