As a result of inflation, prices of ordinary products are continuing to rise, and as a result, an increasing number of families are resorting to coupon stacking as a means of reducing their overall spending. Are you unfamiliar with the process of stacking coupons? Learn how to get started with coupon stacking by reading our MotePhoe beginner’s guide.
What is the practice of coupon stacking, and how does it operate?
According to Sean Turner, CTO and co-founder of Swiftly, the act of applying, or “stacking,” several coupons to a single purchase is the definition of the coupon stacking technique.
Coupons that are not identical may be used by customers when purchasing an item. For example, a customer might use one manufacturer coupon and one retailer coupon. Customers who shop at a single establishment during the same transaction are able to take advantage of a larger discount on the purchase of a single item thanks to this practice. When you stack coupons, in essence, you are able to use more than one coupon on a single purchase in order to obtain large discounts. This is possible when you practice coupon stacking.
What to do and what not to do while stacking coupons
Coupon stacking is a strategy that enables astute buyers to redeem more than one coupon for the purchase of a single item. On the other hand, it’s essential to keep in mind that digital coupons do not contribute to any further savings.
According to Rob Weisberg, SVP and general manager, CLTV and new verticals at Inmar Intelligence, the majority of merchants and manufacturers will not let the use of both digital and paper coupons simultaneously.
Weisberg suggested that customers take advantage of the fact that things that are currently on sale may be purchased using coupons. For instance, if an item in the shop is on sale or at a clearance price, you may stack a coupon from the manufacturer on top of a coupon from the retailer to get a discount that is equivalent to getting two discounts at once. When customers combine many coupons with an item that is already on sale, they sometimes have the opportunity to buy the item for less than one dollar or perhaps acquire it for free. Stacking coupons is a kind of multi-couponing.
Why Should You Engage in the Practice of Stacking Coupons?
The following are some of the reasons why coupon stacking is recommended by Julie Ramhold, a consumer analyst working for DealNews.com.
Customers Enjoy Greater Financial Savings
The ability to save more money when shopping is one of the most evident advantages of coupon stacking, which enables customers to save more money throughout their shopping visits.
According to Ramhold, “being able to stack coupons will mean being able to stack the savings, which means you’ll be able to stack the savings, which means you’ll save more money on your purchase altogether.”
Although Ramhold said that there are certain situations in which it is possible that you may need to purchase more in order to save more, as long as the savings wind up being worth it in the end, it can be a good bargain for everyone living in your family.
Stock Up for Less
Customers have the ability to save money on a wide variety of non-perishable goods, including clothing, by stacking several coupons for a single purchase.
According to Ramhold, “Stocking up on various goods might be pricey; but, if you stack coupons with discounts that are currently occurring, then you can do it for less over the course of time.”
Coupons Provide Value to Retailers
In the same way that consumers may optimize their discounts by stacking coupons, retail establishments can profit from the regular use of coupons.
According to Turner, “coupons not only help bring in new customers and raise brand awareness for specific products to perhaps even a new audience, but they also help boost loyalty amongst existing customers, which results in increased basket size and higher revenue per customer.” “Not only do coupons help bring in new customers and raise brand awareness for specific products to perhaps even a new audience, but they also help boost loyalty amongst existing customers
Customers Who Use Coupons Can Buy Items at Prices Similar to Those Before Inflation
“We are seeing inflation causing prices of essential and everyday goods to rise to levels like never before,” said Turner, who added that the value of coupons redeemed has gone up by more than 30 percent compared to the same time last year. “We are seeing inflation causing prices of essential and everyday goods to rise to levels like never before,” said Turner.
Customers that use coupons may, in certain instances, get prices that are lower than they were before to the onset of inflation. According to Ramhold, this is particularly true for customers who combine discounts obtained via deals and coupons. Coupon stacking is a strategy that may help families who are price sensitive counter the effects of increasing costs while still sticking to their budgets. In a similar vein, it is very necessary for brands and merchants to pay attention to these tendencies. According to Weisberg, this action makes it easier for merchants to keep or expand their market share among the price-conscious consumers of today and to keep the loyalty of their customers.
Is it Possible to Use Coupons at Your Store?
Before you begin your voyage of coupon stacking, Ramhold suggests that you check in with your neighborhood grocery store, pharmacy, or retail business to learn more about the coupon redemption regulations that they have in place.
“There are certain places that won’t take coupons or won’t accept numerous coupons on a transaction,” said Ramhold. “There are other stores, however, that will allow you stack the same coupon many times in order to save more money.” Before you spend your time and effort attempting to redeem coupons at a certain shop, it is in your best interest to familiarize yourself with its regulations regarding the redemption of coupons first.