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What can be a promotional strategy to attract new clients?

  1. Increasing service prices

  2. Offering discounts for referrals

  3. Limiting the services offered

  4. Advertising only in-print media

The correct answer is: Offering discounts for referrals

Offering discounts for referrals is an effective promotional strategy to attract new clients because it leverages the existing customer base to bring in new business. When current clients recommend a barber shop to their friends or family, they provide a trusted endorsement, which can significantly influence potential clients' decisions. The incentive of a discount encourages satisfied clients to actively refer others, creating a cycle of new business while rewarding loyalty. This strategy not only fosters a sense of community and goodwill among clients but also minimizes marketing costs compared to traditional advertising methods. It builds a supportive network where clients feel valued and appreciated for their role in business growth. Implementing such a program can lead to increased traffic in the shop, as new clients are likely to try the services based on a personal recommendation, thus enhancing overall client retention and satisfaction.