To this day, I still remember reading Shakespeare’s Hamlet in my English Composition class my senior year of high school. After we had finished working our way through the book, we had to write a comprehensive six-page report. We had to detail every nuance and writing strategy we absorbed from the book. Let me tell you something, the only thing that made me write that paper was the deadline given by my teacher. Because if it wasn’t for that, I probably still wouldn’t have written that paper to this day...
Deadlines are motivating factors to take action on things. They give us a sense of urgency to make an immediate movement toward a decision. Deadlines in offers do the same thing. They motivate people toward a decision or commitment, regardless if it involves a sale or not.
So how do you choose the best deadline for your offer?
There are generally two different types of deadlines:
- Limited period of time
- Limited spots or opportunities
Limited Period of Time
Limited period of time is the one you’re most familiar with because it’s used more often. This could be an actual expiration date such as “expires 4/15/18.” Or, “order product Y in the next 48 hours to claim your special pricing.” A specific time where your offer ends gives a definite stopping point to your customer. This can motivate them to act quickly because they may have a fear of missing out on this good deal.
A factor to consider with a timing deadline is exactly that. How much time should you give in your deadline? Well, the answer depends on what you’re offering and how you want the recipient to respond to your offer. If you’re simply driving them online to your website to claim a limited time printable coupon, the deadline could be as short as a week. Because you know that it won’t take very long for the customer to perform that action.
But, if your offer requires your customer to walk into your store, then it’s a good idea to give them a couple weeks so they have ample opportunities. You don’t want to set the deadline too short for fear of not giving your customer enough time to redeem your offer. But, if your deadline is too long, there’s a good chance your customer will put your offer on the side of the fridge and forget about it until a couple months after it expires.
Limited Spots or Opportunities
The second type of deadline you can use is limited spots or opportunities. Here are a few examples of what that can look like. “We can only schedule appointments with the next five people who call this number.” Or, “Our inventory is running low and once it’s gone, it’s gone. Don’t wait and place your order before we run out!” Or, “Limited seating available: only 12 seats left. Claim yours before it’s too late!”
As you can tell, these give the customer a great deal of urgency because they’re informed there’s a chance they can miss out on this opportunity. By limiting the number of people who can redeem this, you provide a more competitive feel for the recipients of this offer. Plus, it allows you to control how much you’re giving away with your offer. You gain control from both a financial perspective as well as a timing perspective. Especially if you can only handle a certain number of appointments in a certain amount of time.
Lastly, when making the decision of your deadline, the important question to answer is this. What is the goal of your deadline? As we talked about, with both types of deadlines, there are different factors that come in to play. Understand how you’re wanting recipients to respond to your offer and pick the deadline accordingly. As always, be sure to test. Try out a two-week deadline and see how it compares to only allowing 10 spots. You can always switch up the type of deadline with each offer you send out. Find what works best for you to drive more traffic to where you want it.