Marketing•3 min read
Flash Sale
Definition
Time-limited promotion offering significant discounts to create urgency.
Detailed Explanation
A flash sale is a short-term promotion where products are offered at significant discounts for a limited time, typically 24-72 hours. Flash sales create urgency, drive immediate traffic, clear excess inventory, and can acquire new customers. They are commonly used during holidays and special events.
Key Points to Remember
- 1Short duration (24-72 hours)
- 2Significant discounts (20-70%)
- 3Creates urgency and FOMO
- 4Clears excess inventory
- 5Can attract new customers