As a business owner, one of the most effective ways to attract new customers and retain existing ones is by offering gift cards. With the rise of online shopping and e-commerce stores, gift cards have become increasingly popular among consumers.
In this article, we will discuss how to use boohooMAN gift card for your business and the business value of gift cards over traditional gifts for different types of businesses.
The rise of gift cards
According to a report by Gift Card Granny, the gift card market is expected to reach $221 billion by 2024. The National Retail Federation found that gift cards have been the most requested holiday gift for the past 13 years. The rise of gift cards can be attributed to the convenience they offer both consumers and businesses.
How to use boohooMAN gift card for your business?
Popular online fashion store BoohooMAN sells gift cards that can be redeemed on its website. If you run a company, you can use boohooMAN gift cards as a means of rewarding staff, luring in new clients, or keeping hold of old ones.
How to use a boohooMAN gift certificate for your company is as follows:
- Buy boohooMAN gift vouchers in large quantities: From £10 to £200, BoohooMAN provides gift cards in various amounts. You can save money and have a ready supply of rewards for your staff or customers by buying gift cards in quantity.
- Personalize the gift cards: BoohooMAN gives you the option to add your company logo and a special statement to the gift cards. This is a fantastic method to market your company and give gift cards a more distinctive feel.
- Give out gift cards: There are many different methods to give gift cards to your staff or customers. You can offer them as prizes for reaching sales targets, as a way to say “thank you” for their patronage, or as a way to entice people to subscribe to your email.
- Track the gift cards: BoohooMAN enables you to keep tabs on the gift cards you’ve given out and their unclaimed amounts. Managing your gift card program and ensuring that you’re receiving a return on your investment are made simple by doing this.
Thanks for being our best dad. Enjoy this gift card as a token of my love!
Enjoy a Gift of $25 to ...
The business value of gift cards over traditional gifts
Gift cards offer several benefits over traditional gifts, especially for businesses. Here are some of the ways gift cards can provide value to different types of businesses:
Gift cards are an effective marketing instrument for retail companies to draw in new clients. A First Data study found that, on average, people who receive gift cards spend $27 more than the gift card’s worth. Retailers now have a wonderful chance to boost sales and foster customer loyalty.
Gift vouchers are frequently a successful marketing tool for bringing in new clients. Gift cards, for instance, can be offered as rewards for hitting sales goals, as a way to thank clients for their business, or as a way to entice people to sign up for email newsletters. To differentiate themselves from their rivals and give their customers a memorable purchasing experience, retailers can take advantage of the popularity and practicality of gift cards.
Gift vouchers can be used by service sector like spas and salons to thank their loyal customers or draw in new ones. According to a study conducted by Spa Week, 75% of consumers who receive gift cards for spa services are likely to return.
Gift cards can also assist service-oriented companies in filling open appointment slots. For instance, a hair salon might give gift cards to regular consumers or clients who bring in new business as a way to thank them for their support. In contrast, a spa can use gift vouchers to advertise new services or packages in order to draw in more clients while also keeping their current ones. Gift card usage in service industries has countless potential applications and can boost income and clientele.
Restaurants can use gift cards to attract new customers and retain existing ones. According to a study by the National Restaurant Association, 81% of consumers say they are more likely to visit a restaurant if they receive a gift card. In addition, restaurants can benefit from the fact that gift cards are often given as gifts, which can introduce new customers to their menu.
E-commerce businesses can benefit from gift cards by offering them as rewards for loyal customers or as a way to attract new ones. According to a study by Shopify, 50% of customers will spend more than the value of a gift card when redeeming it. In addition, e-commerce businesses can benefit from the fact that gift cards are often shared with friends and family, which can introduce new customers to their online store.
Using a boohooMAN gift card for your business can be a great way to reward employees, attract new customers, and retain existing ones. Gift cards offer several benefits over traditional gifts, including increased revenue and customer loyalty. By offering gift cards, businesses of all types can benefit from the convenience and popularity of this growing market.