“Companies that advertise through these sites need to adequately prepare for the volume of business they may receive,” said Toby Barfield, president and CEO of BBB serving Eastern North Carolina. “If you are not prepared for the large influx of new customers, your company’s reputation could be severely damaged.”
BBB offers the following tips to business owners who are considering using daily deal sites:
Choose a reputable site. Before you settle on a daily deal site, make sure to check out its history. Visit bbb.org to view a company’s Business Review before doing business with its. BBB also suggests contacting business owners that have previously used daily deal sites so you can get a first-hand opinion of their values and their pitfalls.
Set limits for your deal. It is important to outline the fine print to let consumers know any restrictions. Items to consider include when the voucher cannot be redeemed and how many coupons can be redeemed per visit. It is also important to consider the number of new customers you can adequately handle and to limit the total number of sales your deal should permit.
Train your staff. On the day of your business’s deal offering, take a few minutes to visit the page where your deal is being featured so you and your staff can answer any questions buyers may pose. It may also be worthwhile to hire a few additional employees to handle the volume of work that must be completed once the deal launches.
Do not expect a quick profit. If you are planning to use a daily deal site as a way to quickly boost your bottom line, you may be disappointed. Most deal sites require businesses to offer customers nearly 50% off a product or service, and then split the remaining income with the site. So, business owners are pocketing less than 50% of each transaction. This makes it vital that new customers have an exceptional first experience and subsequently will return to your establishment.
Build relationships with new customers. If your goal is to convert new customers into long-term patrons, it is vital to provide excellent customer service to ensure they come back. This is one of the most important aspects of deal offerings and, unfortunately, it is where many businesses fall short. A customer is not likely to return once they have been treated poorly and will most likely not recommend your business to their friends.
For additional information, visit www.bbb.org.
About BBB serving Eastern North Carolina
Better Business Bureau serving Eastern North Carolina is a 501(c)(6) not-for-profit corporation serving 33 counties in eastern North Carolina. The organization is funded primarily by BBB Accredited Business fees from more than 3,000 local businesses and professional firms. BBB promotes integrity, consumer confidence and business ethics through business self-regulation in the local marketplace. Services provided by BBB include reports on companies and charitable organizations, general monitoring of advertising in the marketplace, consumer/business education programs and dispute resolution services. All services are provided at no cost to the public, with the occasional exception of mediation and arbitration. Visit bbb.org.