What are the different types of promotions?
An example of an AI chatbot conversation about types of promotions in marketing.
What are the different types of promotions in marketing?
There are several types of promotions, including discounts, buy-one-get-one-free offers, and loyalty programs.
Can you explain how discount promotions work?
Sure! Discount promotions reduce the price of a product or service for a limited time to encourage sales.
What about loyalty programs? How do they benefit customers?
Loyalty programs reward repeat customers with points or discounts, enhancing customer retention and satisfaction.
Are there any risks associated with promotional strategies?
Yes, overusing promotions can devalue your brand and lead to reduced profit margins.
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