#1682 - Q&A: Is there a better way to offer discounts to customers?
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 9 August 2021
⏱️ ? minutes
🧾️ Download transcript
Summary
Today’s caller is seeking advice on managing the discount process. Her side hustle is growing, and she’s using a smart strategy of offering a discount after the first purchase—but she needs a better process for managing this.
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | It's tough to stick with workout routines and making time to hit the gym is sometimes even harder. |
| 0:05.0 | That's why Peloton offers options that fit into your day with thousands of on-demand classes, |
| 0:09.9 | so you can work out when it's right for you. Peloton goes beyond just the bike, |
| 0:14.0 | offering classes like yoga, strength training, hit and boxing. Let Peloton help you achieve your |
| 0:19.6 | fitness goals. Try Peloton risk-free with a 30-day home trial. New members only, not available in |
| 0:25.1 | remote location, see additional terms at 1peloton.com slash home trial. |
| 0:35.2 | One of the most effective things you can do to inspire buyers to take action is offer a discount |
| 0:41.3 | or have a sale or some other type of promotion. It is incredible just how much more responsive people |
| 0:48.0 | can be when they see your product, they see your service and they're like, oh that's cool, maybe I |
| 0:52.5 | will buy that at some point. Then you offer them a discount or you put on a flash sale and then |
| 0:57.9 | they're like, oh I must have it now. There's this weird sense of urgency that comes about. |
| 1:02.8 | Smart business owners or smart companies, I guess we should say smart people who work at those |
| 1:07.3 | companies know this and sometimes they even publish sale prices by default. In other words, |
| 1:12.6 | there's always a sale price. If you go into a department store, for example, depending on the store, |
| 1:17.3 | you might notice that just about everything is on sale. Quote unquote. They do that because they |
| 1:21.7 | want to encourage people to purchase. Today's caller has a question about this and by the way, |
| 1:27.0 | I should say welcome to SIDOSL school. Thank you for tuning in today. My name is Chris Guilapot. |
| 1:31.3 | I have the honor of hosting this ongoing dialogue, all designed to help people create more freedom |
| 1:35.8 | for themselves through the form of a money-making project. Back to today's caller, she is seeking |
| 1:41.7 | advice on managing the process of giving a discount. Her SIDOSL is growing. She's using a wise |
| 1:48.1 | strategy of offering a discount after the first purchase, which I'll talk a bit about in my answer, |
| 1:53.2 | but she's worried about the bookkeeping process. We'll leave it to her to explain more. Her question |
... |
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