A coupon (also known as a voucher, gift certificate, discount coupon, promotional coupon, or discount code) is a document that can be exchanged for a financial discount or rebate when purchasing a product. Customarily, coupons are issued by manufacturers of consumer packaged goods or by retailers, to be used in retail stores as part of a sales promotion. They are often widely distributed through mail, coupon envelopes, magazines, newspapers, the Internet (social media), directly from the retailer, and mobile devices such as cell phones. Since only price conscious consumers are likely to spend the time to claim the savings, coupons function as a form of price discrimination, enabling retailers to offer a lower price only to those consumers who would otherwise go elsewhere. In addition, coupons can also be targeted selectively to regional markets in which price competition is great.
Coupons are a great way to save money on food, toys and more. But coupons aren't just for groceries. In fact, they can be used for local businesses, online businesses and even services.
For example: If you're in need of a haircut and want to save some cash while getting your locks trimmed (or maybe redone), you can use coupons to get the job done! A local salon might offer a $5 off coupon that will help you save some cash when visiting them for your next cut or trim. They may even offer free samples of products as well—and this is something else that people love about coupons—they're often paired with other offers like these!
The bottom line is that coupons are a great way to save money on your everyday purchases. If you’ve never used a coupon before, you might be surprised by how much they can help you out. So, go ahead and give them a try! Start with something small like groceries or clothing and see what happens. Who knows? Maybe you’ll even become the next coupon king or queen!