Growth Hub

Price drop

This automation notifies customers when the price of products they are interested in drops, encouraging purchases and increasing revenue from active customers.

Persooa Editorial

Persooa Editorial

24 kwietnia 2023 4 min read

A price cut is one of the strongest buying triggers in e-commerce. Price-drop notification automation informs customers precisely when a product they were interested in becomes cheaper. As a result, you naturally promote purchases, win back hesitant customers, and increase revenue from people who are already active in your store.

Table of contents

  1. 01 What does a price-drop notification achieve?
  2. 02 Which tips work well for price-drop emails?
  3. 03 What are some examples of effective price-drop emails?
  4. 04 Summary

01 What does a price-drop notification achieve?

It helps to:

  • promote a first purchase;
  • reduce customer loss;
  • increase purchase frequency;
  • stimulate web traffic;
  • prompt a second purchase;
  • increase revenue from active customers.

Consumers have long emphasized that, when making a buying decision, price matters more than quality. 70% of consumers "somewhat" or "strongly" agree with the statement: "A promotion sometimes encourages me to try something I would not normally buy."

Price-drop automation

02 Which tips work well for price-drop emails?

  1. Automation: automate price-drop notifications and act in real time! Inform subscribers within seconds of a promotional offer going live.
  2. Personalization: make sure you are not annoying your recipients with random offers, but send them only the ones that are relevant to them.
  3. Product-focused communication. Clearly state which products are covered by the promotion, for how long, and what the terms of the offer are.
  4. Moderate message length. Ideally, the entire message should fit within the space of the product photo.
  5. Attention-grabbing headlines. Use short, distinct headlines with bold typography that shout about the price drop.
  6. Catchy content. Use benefit-driven language. Build simple sentences and avoid unnecessary embellishments.
  7. Predictions: use forecasts and send price-change messages only to customers who are genuinely interested in buying.
  8. Omnichannel. Do not forget to reinforce the offer in additional channels, such as web push or SMS.
  9. Consistency. Develop follow-up paths; do not limit yourself to sending a single message.

03 What are some examples of effective price-drop emails?

ThirdLove: shows the price change in a fairly simple way

According to the Baymard Institute, one in seven e-commerce sites places its promotional prices on product pages in an entirely different spot from where the original price sits. Confused customers rarely buy.

ThirdLove clearly displays the reduced product price next to the original price. The pre-sale price is marked with a simple strikethrough that is easy for potential customers to interpret.

Example of price-drop emails

Torrid: Displaying the highest discount in the email

Jonah Berger, a marketing professor at the Wharton School of the University of Pennsylvania, found that customers are more inclined to take advantage of a price drop if the highest discount figure is shown.

So, promoting 20 percent off rather than PLN 18 in savings may prove to be the better idea when the product price is low. If, however, you were marking down a product worth PLN 500 to PLN 375, you should promote the PLN 125 reduction rather than 25 percent.

Example of price-drop emails

KitchenAid: Highlights the most important information in the email

KitchenAid uses an effective tactic where the discount amount and the CTA button are the only elements colored red, which immediately draws the eye. For some people that will be all they need to click "Buy now."

Example of price-drop emails

04 Summary

A price-drop notification reaches the customer with an offer they were genuinely waiting for, which is why it effectively drives purchases and wins back hesitant buyers. The key is acting in real time, personalization based on predictions, and a simple, product-focused message with a clear discount and a strong CTA. Reinforce the offer in channels such as web push or SMS and plan a follow-up path, rather than limiting yourself to a single message.

Get started

Let us talk about your growth.

Book a free call - we will analyze your situation and show where we can deliver measurable results fastest.