Use Discount Codes to Sell More Places

08 May, 2018 01:39 By: Matt Trevett

 

Use Discount Codes to Sell More Places

There are many ways to increase your race entries and one of them is being smart when using discount codes. These can very effective in not only selling more places but opening new marketing channels that you can use in the future.

Discount codes can be used to increase your numbers by offering them to the right groups, clubs and organisations. For the amount you are sacrificing in % or £ discount you will encourage bigger teams to enter which will ultimately lift your entry numbers.

Using the eventrac platform to create and distribute discount codes is simple, quick, easy to track and is a free feature for any Race Organiser on the platform. Make full use of this great addition to the platform and start spreading the word about your next event.

 

 ‘Be smart not desperate when sharing codes’

When thinking about how to use your discount codes make sure you think about the details, who will be receiving them? Why are they getting a discount? What do you want to achieve from giving them a discount? and How can you measure the performance? There are several top tips you can use below to make the most of the discounts you provide.

Who you can target with discount codes:

Depending on your event, you can usually find a wide range of clubs, groups, businesses, schools and more to provide discounts too. Once you open your race for entries it is worth putting together a contact list of everyone that holds a high position within these organisations so that you can get in touch with a proposal. Social media is also a great place to find out which local groups are the most active as you know these will perform well for you.

How to get the most from the discount you are providing:

Once you have the groups you wish to contact you will need to have a think about the amount of discount you are going to give them, why you are doing this and what you expect in return. It is up to you to decide whether to give a £ or % discount and if you want to limit the number of uses of your code.

  • You may want to target a local sports club and challenge them and say if they get over 30 entrants from their club you will provide everyone a discount off your event. It may be you are smarter and introduce tier discounts for 10, 25, 50, 100 entrants to encourage even more to enter. Sports clubs love getting their members together to enter local events and if they are local to your race then giving back to them in the form of a discount allows you to grow more entries and helps you support a local community organisation.
  • If you are speaking to schools, you may give them a discount code and suggest you will match the discount as a donation back to their school. If you reduce the discount amount this won’t be giving too much away and it is a great message for the school to give to students and parents that want to do your event but also see a benefit in giving back to the school they support.
  • Maybe you have targeted local corporate businesses, in which case you can sell your race as a team building event and offer them discounts off things such as merchandise, food and drink or give them an exclusive VIP package. Companies are always looking for events to bring their offices together and often they don’t have time to organise their own so a discount or incentive is a great way to encourage them to become regulars at your events.

 

How to make it feel personal and exclusive:

When creating your code or batches of unique codes why not tailor make them for each group or person you are giving them to? Rather than giving everyone the same code to use which often feels like a marketing ploy you can personalise the codes to each club, team, school so that they feel they have something special to share. This is also crucial so that you can track redemptions on the code to see which is performing the best. Be sure to make your codes simple and readable and avoid characters that can be confused as other characters such as ‘O’ and ‘0’ and ‘I’ and ‘1’ so as an example you could use ‘RUNNINGCLUBNAMETEN’ this includes the name of the club and a reminder of the ‘TEN’ % discount.

Monitoring the use of your code(s):

Because you have now named all your codes uniquely you can use the eventrac platform to see how they are performing. You can see the most/least used codes, who has used them, from which clubs and how many uses are left. This is useful information for you to determine which places you have contacted are working the best and which discount amounts are proving the most popular. If you have left any codes open without a limit it is always good to check daily to make sure that your code hasn’t been leaked to a deal site or is being abused by other people who would usually enter at full price. If you want to make this easier to keep on top of, instead of giving out one code you can use our software to generate batches of unique single use codes that can only be used once.

Chase but don’t get desperate:

Make sure you communicate with everyone and the groups you have targeted to ask them how entries are going. Usually people are aware, but it takes someone to prompt everyone else to sign up. Give them a chase once every few weeks but don’t come across too hard or pressuring as these are locals in the community that you will rely on in future. Make sure you give them a final push before you close for entries to avoid any disappointment!

 

‘How to use codes effectivity in ads’

There is no reason why you shouldn’t target your database or social following with something such as an early entry discount or why you can’t set up a Facebook ad targeting a brand new area or set of people with an exclusive discount code. Be careful when targeting large groups that you don’t mess with the price to much during collecting entries as you may anger people that have already entered at a higher price. Blanket discount codes such as a 10% off to your database or on a sponsored social media ad are good ways to encourage prompt entries as long as you push a deadline message alongside this such as ‘ENTER before Saturday and get 10% off your entry, use code EARLYTEN’ you can use the codes to measure who directly entered your event from the ad or campaign you ran which is useful to know how effective these marketing techniques are for your race.

 

‘Learn for next year’

After your race has taken place, take some time out to look at how your codes performed, and which worked best or worst. You will then know which groups have given you the most entries, which need a push or are best not to spend time on and which you can give them a code and leave them to it. Don’t forget to write thank you emails to your largest groups and ask them how their experience was, there is no point in gathering all those extra entries if you can’t build and grow on this in future. If your event was a success, there is no reason why you can’t get everyone (and more!) back again.

 

We’re here to help

If you have any questions or would like some help and advice around creating and using discount codes, you can contact matthew@eventrac.co.uk

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The team at eventrac are on hand to assist with all components of your event. From advice on promoting your event through low cost channels such as social media, to a guided tutorial on a specific feature of eventrac. We are here to help.