Almost all consumers like coupons. And they will do several things to receive them, including signing up for emails, according to Coupons, Discounts & Bogos Oh my! A study from ActiveCampaign, conducted by Ascend2.
Of the shoppers polled, 77% prefer email as the channel for receiving ecommerce coupons, although 31% like SMS and 17% prefer social media.
At 90%, people in the Boomer+ category are most likely to like email, versus 81% of Gen X, 72% of Millennials and 70% of Gen Z.
Shoppers would take the following actions to receive a coupon from an online store:
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Consumers care most about:
What would persuade them to jump to a competitor? They cite:
Consumers are savvy about the timing of deals — 70% waited for something to go on sale before purchasing in the last year. But don’t push them.
What is a fair coupon expiration date? They say:
One week from receipt — 10%
One month from receipt — 52%
One year from receipt — 28%
Coupons should never expire — 11%
Shoppers are most likely to use these types of coupons:
At 75%, Boomers+ (54-77) are more likely than other generations to switch for free shipping.
Overall, 57% of shoppers visited one to five online stores in the past year, and 31% from six to 10. And 10% have gone to 11-25.
Once on these sites, 47% have purchased 11-50 individual products, 24% from 51 to 200 and 22% from 11 to 50.
But it depends on the generation.
Among Boomers, 69% visited one to five online stores in the past year, and 22% visited between six to 10. Moreover, 50% bought from 11-50 individual products online in that timeframe. And 27% purchased from one to 10 and 19% from 51 to 200.
Gen Z was even more active — 57% visited one to five online stores, and 35% visited six to 10.
In addition, 54% bought from 11 to 50 individual products and 27% from one to 10. Another 17% purchased 51-200 products.
Ascend2 surveyed 1,044 consumers who have made an online purchase in the past 12 months. The survey was conducted in October 2023.