If your business doesn’t offer gift cards to customers, you’re missing. This article will show some of the benefits of offering gift cards to your customers.
According to research, most consumers prefer receiving gift cards since they can easily pick up the gift they want. Gift card offers substantial benefits to your business.
Keep reading to discover some of the benefits.
1. It helps you grow your customer base
Your customers that are already in love with your products and services will buy your gift cards for their friends and loved ones. This will help you attract new customers and these people can also become loyal and regular buyers of your products and services.
2. It increases your sales
When a customer goes to a store with a $20 gift card, there is a high probability that the customer will spend more than the value of the gift card. If the customer loves the product, he or she may consider patronizing the store next time.
3. It increases your brand awareness
Another benefit of offering gift cards to your customers is that it makes more people know about your brand.
People usually talk about the gift their families, friends, and loved ones give them. As a result, they will talk about your brand with others. They will talk about the products you sell and your location. This goes a long way in creating free awareness for your business without even spending a dime on an advertisement.
The gift card will most likely remain in their wallets for days before they buy anything. This will constantly remind them about your business until they visit your store.
Read Also: Things to Do with Unwanted Gift Cards
4. It helps you attract last-minute buyers
Offering gift cards to customers will help you attract last-minute shoppers. A good number of consumers decide to shop at the last minute. These are people that are most likely to buy your business’s gift cards. When your business offers gift cards, you will not only increase your sales but will also create a good impression about your business by helping these people make last-minute purchases
5. It boosts loyalty
Reloadable cards enable regular customers to buy your products. Customers also prefer them to the regular paper stamp cards. These forms of cards are more professional and are more durable than paper cards. Offering these cards to your customers will enhance their loyalty towards your business since the cards will allow them to easily buy whatever you sell.
6. It reduces fraud
When you buy an item with a gift card, your cardholder information is less likely to be compromised. Also, no one can duplicate and forge gift cards like paper gift certificates. This implies that gift cards have less fraud activity.
More so, there is a low occurrence of chargeback since any return will directly go back to the gift card.
In addition, your customers will not return their gift cards for cashback since gift cards are non-refundable in most cases.
There are many benefits of offering gift cards to your customers. Irrespective of what your business goals are; whether to build relationships, increase traffic to your company, or generate more revenue; gift cards can help you accomplish them.
Read Also: Places to Get Free Gift Cards