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Creating Coupon Promotions: Tips for Retailers

Here are some specific elements a retailer should keep in mind when creating a coupon . Clear, concise text detailing offer and terms. Face value. Product image. Proper bar code, if relevant. Any necessary legal copy. Expiration date. Company name & address. Offeror tracking code.

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How to Make Effective Coupons

Identify coupons with barcodes or numbers that give you information about how you distributed the coupon (i.e., the Internet, a newspaper, the radio, etc.) If you are low-tech and do not have barcode ability, make the borders of your coupons, different colors and manually process them. Remember, coupons can be inexpensive to produce and

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How to Start a Coupon or Daily Deal Site

Coupon sites offer coupons or resources for coupons whereas daily deals offer deals for a product or service. Running a coupon site allows …

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Buy One Get One Marketing Events

The most important part of writing effective ad copy is to have a compelling offer, and buy one get one certainly fits that definition. Like many offers, it is the perception that is most important, not the reality. In fact, the reality is if you do a BOGO 50 percent off, it is the same as 25 percent off your entire purchase for the customer

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Recording Cash Sales With a Discount

A customer has taken advantage of the sale and purchased. The sub-total, not including the discount, is $67.00. The sales tax in your state is 6%, making the sales tax due $4.02. The discount afforded to the customer is $6.70, making the sales total for the customer $64.32 ($67.00 + $4.02 less $6.70 from the discount) and $71.02 for XYZ ($67.00

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Friends and Family Discount

There is nothing wrong with the friends and family (F&F) discount, but here are some rules to help guide you as you craft your policy for this issue: Never let anyone use their discount on new merchandise. Put a 30-day rule in place meaning that no one can use the F&F discount until 30 days after the merchandise has been in the store.

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How to Charge GST/HST on Discounts

For a discount offered at the time of sale, you charge GST/HST on the net amount (the sale price minus the discount). So for instance, if a customer bought ten dancing hula lamps that normally cost $100 each and you were offering a 10 percent discount on that item, you would charge the customer GST/HST on the net amount of $900 ($1000 minus the

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How to Ask for Referrals and Get More Clients

When asking for a referral, there are a few best practices that can increase your chances of success. Always ask for referrals face to face. It's not only more respectful of your clients, but also tends to be more successful. 1  People will always be more likely to do something for someone else if the person is standing right in front of them.

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Deducting Employee Benefits on Your Business Tax Return

Business Meals. Because of the 2017 Tax Cuts and Jobs Act, as of 2018, businesses can no longer deduct the cost of entertainment from business tax returns. But you can still deduct employee meal costs in certain situations, most at 50%. 8. Meals for employees while traveling or having dinner with clients on company business are still deductible

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Using a Credit Card To Finance Your Small Business

The U.S. Small Business Administration (SBA) reports that 46% of all small business owners use personal credit cards at some point to start and/or operate their businesses. 1. If you use personal credit cards to finance your startup business, you are personally liable for any debt you incur.

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Office Supplies and Office Expenses on Business Taxes

Office Supplies and Expenses on Your Business Tax Return. For sole proprietors and single-member LLCs, show office supplies in the "office supplies" category of Schedule C, on Line 18. You can include office expenses less than $2,500 in this category or you can separate office expenses out and include them with "Other Expenses" on Line 27a.

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Deducting Advertising Expenses

You can deduct the cost of providing meals, entertainment, or recreation facilities to the general public as advertising or promotion activities. The cost for meals isn't subject to the usual 50% limit for these costs for other business purposes. (Note that entertainment expenses are no longer deductible except for advertising purposes.)

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The Top 15 Retail Math Formulas Every Retailer Needs to Learn

Contribution Margin. This is the difference between total sales revenue and total variable costs. In retail, the gross margin percent is recognized as the contribution margin percent. This is useful information for deciding whether to add or remove products and make pricing decisions. 4 . Contribution Margin = Total Sales - Variable Costs.

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Send Inquiring Buyers a Special Offer on eBay

Locate and click on the link near the bottom of the message text labeled "send an offer directly to the member". On the following page, fill out the form including your offer price and (if asked) quantity. Enter a message to the buyer in the space provided continuing your exchange or explaining your offer. Click "Send" to send them the offer

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Contract Labor: A Tax-Deductible Expense

You don't have to pay them benefits, Social Security, Medicare, workers' compensation or state unemployment taxes. Wages paid to independent contractors can be deducted from your taxable income. For tax purposes, you must provide these individuals with the IRS form 1099-MISC and provide the IRS with Form 1096 to show how much you paid them.

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The Top Sales Event Names in Retail

Buy One Get One Free. Commonly used during the end of the season, this very popular sale is loved by all, especially retailers whose goal is to sell more products. It creates a perceived discount among customers at a minimal cost to the retailer. Note that "Buy One Get One Half Off" is less popular and is typically used at the beginning of a

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How to Whitelist an Email Sender in Outlook.com

You can also manually add email addresses or domains to your Safe Senders list in Outlook.com to permanently whitelist them. To do this, choose Settings, then Options. In the left pane, choose Junk Email, then Safe Senders. In the box, enter the email addresses or domains that you want to whitelist, and select the Add button.

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The 12 Best Men's Dress Shirts of 2022

Polo Ralph Lauren’s Slim Fit Oxford Shirt is an ideal slim fit shirt. It’s classic Ralph Lauren style in every single way right down to the brand’s signature polo horse emblem. Men who already wear Ralph Lauren shirts should note that this one is 5.25 inches slimmer at the waist than the brand’s standard fit.

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