Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Data Analysis Brings Different Sales Promotion in Festivals
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Social Data > Data Analysis Brings Different Sales Promotion in Festivals
AnalyticsSocial Data

Data Analysis Brings Different Sales Promotion in Festivals

JessicaQiu
JessicaQiu
3 Min Read
SHARE
Christmas just passed, New Year is on the way again. One special offer for New Year comes after another. Nowadays, festivals seem to become the best excuse for all kinds of products promotion. Sales promotion in festivals also turns out to be the golden chance for emptying inventory and almost all brands are crowded on the road of promotion. But it’s getting harder and harder for suppliers to attract customers’ eye balls. In this case, what should enterprises do? How to make effective promotion plan?
Christmas just passed, New Year is on the way again. One special offer for New Year comes after another. Nowadays, festivals seem to become the best excuse for all kinds of products promotion. Sales promotion in festivals also turns out to be the golden chance for emptying inventory and almost all brands are crowded on the road of promotion. But it’s getting harder and harder for suppliers to attract customers’ eye balls. In this case, what should enterprises do? How to make effective promotion plan?

Currently, the main promotion mode is price competition. However, monotonous discounts, price reduction and gifts giving can’t bring much effectiveness. Most customers have ‘consumption fatigue’. Besides, drastic price cuts leave little profit for enterprises. According to marketing experts, real-time data is a must for enterprises to get more advantage. Useful information enables enterprises to make correct response for the ever-changing market. A recent analysis of XWH newspaper shows that 81% interviewees like to shop in Spring Festival and National Day. In addition, 14% trend following, 35% enterprises’ promotion and 50% holiday length are the factors which influence customers’ purchasing desire. Therefore, in order to make successful sales promotion strategy, detailed analysis to customers’ shopping habits and festival characteristics is inevitable.

Insights from these data really give good guide for enterprises’ promotion strategy. But how do you make the data tells you more? It’s definitely difficult for people who don’t have strong IT background or programming experience to conduct computing and analysis with traditional statistical computing tools. Emil Johansson took almost a year to complete his Lord of Rings Project due to lack of programming knowledge. Actually, with the help of an efficient statistical computing tool, time could be greatly reduced. He probably won’t take time to learn JavaScript and PHP if he knows that more flexible and efficient computing software like esProc and esCalc exist. Because, such kind of statistical computing tools are very easy to use and don’t require modeling beforehand. Users’ real-time and self-service analysis demands are satisfied easily in this way.

Data provides reliable basis for decision making and market occupation. Enterprises’ ability of getting accurate information through computing and analysis and work out smart promotion plan becomes the key factor in festival promotions.

 

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

fda14abd c869 4da5 943c c036ad8efc2e
How Data-Driven Journalists Are Using API News Apps to Improve Reporting
Big Data Exclusive News
0622cae5 f7d7 4f74 84b5 eabd1a823dca
How Data-Driven Grocery Recommendations Help Shoppers Eat Better With Less Effort
Big Data Exclusive
business recovering from data loss
How Data-Driven Businesses Protect MySQL Databases from Shutdown
Big Data Exclusive
ai driven task management
Reducing “Work About Work” with AI Task Managers
Artificial Intelligence Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

The Global Billboard Advertising Statistics and Dynamics

5 Min Read

Pushing the Data Visualization Envelope: an Interview with Tableau’s Ellie Fields

17 Min Read

9 Funky New Tech Job Titles for the 21st-Century Organization

3 Min Read

Updates on Dronegate

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?