How to Sell More with Gift Cards
Jenny Thomson
Founding Member @ 99minds | Marketing Professional | Fintech Pioneer | Strategy Consultant
You've chosen your site, hired your team, and set prices for your services and products—now it's time to open for business. The holiday season is rapidly approaching, and do you understand what it entails? It's the ideal time of year to get your business ready for a new revenue stream by selling gift cards both online and in person.
Did you know that gift cards are a $160 billion industry? That means gift card sales can account for a significant portion of your fitness studio, spa, or salon's annual revenue around the holidays and throughout the year. Gift card sales are at their peak in October, November, and December, so don't wait. Now is the time to update your website and design and order your gift cards.
Gift cards are an excellent method to encourage repeat purchases from existing customers while also attracting new visitors to your eCommerce site or store.
Have trouble deciding where to begin? Reach out to us to learn about the 99minds Easy to use Gift Card Platform.
Gift cards are an excellent method to increase your consumer base. Gift cards are frequently purchased by current customers for their friends and family, with the goal of converting them into repeat customers. According to a large study conducted by First Data, 11% of gift card customers are making their first visit to a firm.
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