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Steal These Limited Time Offers to Increase Ecommerce Conversions

Steal These Limited Time Offers to Increase Ecommerce Conversions

September 9, 2024
12 mins
Steal These Limited Time Offers to Increase Ecommerce Conversions

If you’re tired of stagnant sales numbers and concerned about unsold inventory, we’ve found a perfect solution for you: limited time offers can be your magic wand to transform a slow sales day into a revenue-generating frenzy.

However, no matter how easy it sounds, limited time discounts are more than putting together random offers to boost sales. It’s your opportunity to create urgency, build excitement, and give deals so compelling that customers can’t help but shift from window shoppers to loyal buyers.

To accomplish all these in one go—you need a well-thought-out strategy and a customer engagement software tool in place. In this blog post, we go over the top ten amazing limited time offers with real-life examples.

How do limited time offers drive conversions?

People have an innate fear of missing out (FOMO). According to TrustPulse, FOMO can serve as a powerful motivator, leading 60% of consumers to make purchases, typically within a day of experiencing it. 

Limited time deals tap into this human psychology to drive immediate action. The urgency created by a ticking clock compels customers to make quick decisions. Scarcity—like low stock alerts—increases a product’s perceived value and increases your sales.

Limited-time offers are proven to grow sales for your ecommerce business. A study on how limited time offers influence online shoppers' self-consciousness and purchasing decisions found that time-limited promotions can significantly increase impulse buying, especially for shoppers seeking enjoyment rather than purely price-driven deals.
The sense of urgency prompts faster decision-making, making it important for brands to tailor promotions to the specific motivations of different shopper segments.

Source: Global Academic Intelligence 

So, customers are more likely to take advantage of time-bound offers, especially those packed with discount offers. To get the maximum ROI from your limited time deals, you have to create relevant and irresistible offers for your customers.

Make the most of a limited time offer with Plivo CX

The key to getting the maximum ROI from limited time offers is sending the right messages at the right time. Plivo CX helps with just that.

Being a web-based omnichannel customer engagement platform, Plivo CX allows you to track your customers' journeys across various touchpoints and send targeted messages on multiple channels, including email, SMS, and WhatsApp.

With the Journeys feature, send event-based messages to precise audience segments. You don’t have to write these messages yourself. Use the AI copywriter to craft compelling, time-sensitive offers. Finally, launch your campaigns and track their performance through a dedicated dashboard.

Book a demo today for Plivo CX to get started

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