Want better traffic and bigger sales when selling on the Lazada platform? Lazada sellers can join the LazCoins Discount Programme in addition to Sponsored Discovery, LazFlash, and Flexi Combo to get extra traffic and boost sales. Despite customers being the receiving end of LazCoins perks, sellers participating in this campaign are rewarded too. Learn more about it as you read on.
What is LazCoins Discount?
LazCoins Discount is a seller-funded promotional tool on Lazada which lets sellers offer additional discounts to customers. Customers can redeem LazCoins for discounts during checkout, or redeem for a variety of rewards. Buyers can earn LazCoins through various methods, such as after reviewing products, completing missions on their mobile app, or via coins cashback. 1 LazCoin is valued at RM0.01, and 100 LazCoins are valued at RM 1.00.
How does LazCoins Discount work?
Lazada sellers provide buyers with additional discounts when they redeem their LazCoins at cart out.
LazCoins Discount is stackable and applied on the Selling Price before all other discounts are applied (e.g. Seller Voucher/Platform Voucher/Bank Voucher/Lazada Bonus etc.).
LazCoins Discount redemption is limited by the number of LazCoins a buyer has, and by the maximum discount amount set.
Users can earn LazCoins daily and the maximum incentive per user is controlled by the Lazada platform.
Check out the image attached below to understand how LazCoins Discount works:
How to calculate LazCoins Discount?
You can view the following table to understand how LazCoins Discount is calculated:
How can sellers benefit from joining LazCoins Discount campaign?
LazCoins Discount starts from 2%. Average actual cost rate is around 1%. No additional fee or commission! Free to opt-in the LazCoins Discount promotion.
You will get extra high quality traffic and attract more customers as your products are featured on LazCoins Channel, Search, Homepage, Check out, Product Reviews, Product Details Page, Post-purchase Page and more pages with special LazCoins Discount icon.
Buyers can redeem LazCoins when checking out. That means buyers can get the same product for less money. This will help buyers make the decision to purchase your products, thereby accelerating order conversion.
You can get 70% LazCoins back and exchange LazCoins for traffic. Get traffic to steer more orders. Sellers can spend coins to have LazCoins Discount products featured more frequently within the LazCoins Channe and enjoy higher traffic share.
You can get 70% LazCoins back and exchange LazCoins for reviews. It is an effective way to boost your product's reputation with high-quality reviews! Exchange LazCoins to receive more valuable feedback and increase sales potential.
How to join the LazCoins Discount Programme?
You can join LazCoins Discount by following these simple steps:
From your Lazada Seller Center homepage, head over to Marketing Center > LazCoins Discount.
Click on Join LazCoins Discount Now!
Once having read and understood the details, click Join Now.
Conclusion
If you’ve also registered on Shopee or TikTok Shop, is it possible that you are feeling overburdened by the management of these e-commerce businesses?
Because BigSeller is available to help you with everything associated with the management of your online stores from one centralized dashboard, you won’t be troubled. If you’ve got BigSeller in your team, managing stores and increasing revenue are considerably easier. Join BigSeller now and boost your Lazada,TikTok, and Shopee sales!
FAQs
How does the Lazada LazCoins Subsidy work? With the LazCoins Discount Promotion, customers can redeem their LazCoins to get additional discounts off participating products. 10 LazCoins are worth ₱1.00. The discount amount a customer may redeem is capped at the discount percentage (minimum 2%) set by the seller.
How can I sell better on Lazada? ›
The Important Do's – How to Increase Sales on Lazada
Do an in-depth analysis of keywords used by the competitors in the product description. It is also important to ensure the product image is more appealing than competitors for the same products. If the image is still not appealing, rework on it.
How do LazCoins work? ›
Customers can redeem LazCoins for discounts during checkout, or redeem for a variety of rewards. Buyers can earn LazCoins through various methods, such as after reviewing products, completing missions on their mobile app, or via coins cashback. 1 LazCoin is valued at RM0. 01, and 100 LazCoins are valued at RM 1.00.
How to use Lazada bonus discount? ›
Step 1: Log in to your Lazada online application using your electronic devices. Step 2: In your Lazada shopping basket, find the items you want to purchase during the promotion. Step 3: Open your Lazada shopping cart by clicking on it, then select the items you wish to purchase using your Lazada bonus.
Does LazCoins expire? ›
Yes, LazCoins have an expiration date. Make sure to use them before they expire, which is usually detailed in your LazCoin account section.
How do I boost my product in Lazada? ›
Well, we've laid out all the answers for you here:
- Tip #1: Use Lazada Business Advisors Tools To Optimise Keywords For Product Listings.
- Tip #2: Utilise Your Lazada Feed To Increase Your Store Visibility.
- Tip #3: Promote Your Lazada Account On Your Social Media & Website.
- Tip #4: Join Flash Sales.
How to improve sales on Shopee?
- Use Shopee's in-app advertising. If you can spend a little money to further promote your product, go for in-app advertising of Shopee Singapore. ...
- Leverage Shoppee's "flash sale" ...
- Nominate products on 'My campaigns' ...
- Use the 'Top Picks' feature. ...
- Promote products with vouchers and discounts.
Boost sales with sponsored solutions
The sponsored discovery can help you to promote your products, and increase traffic to your products and shop page. For sponsored affiliate, you can set commission rates for your products, then it can help you to promote your Lazada store and get more traffic.
How to earn LazCash? ›
From a team of 5, Complete Daily Battle and win by completing daily mission or inviting friends to get more points (highest point gets to win the battle !). Once you will the battle, you will get tokens to redeem Lazcash. In case of cancellation/return, LazCash will be refunded to users account immediately.
How to redeem more Lazada coins? ›
How to Use Coins That You Have Collected?
- Launch the Lazada app on your smartphone.
- On the upper a part of the house screen, click “Coins” or swipe right.
- Scroll down and appearance for the “Redeem Rewards” section.
- Choose your preferred reward, or click “See All” for more options.
You can earn Shopee Coins when you do the following actions on the Shopee app:
- Complete an order using Coins Cashback vouchers. ...
- Check in on the Coins Rewards page. ...
- Play games in Shopee Prizes.
- Rate a product. ...
- Make payment to a ShopeePay merchant offering Coins cashback. ...
- Join Shopee Live sessions with Coins giveaways.
Updated at 28/08/2024. Everyday Cashback was a program that gave buyers a percentage of their money back for purchases from participating stores. The program was discontinued on December 1, 2023. Sellers who were in the Cashback program were auto-enrolled in the 3% shop-wide LazCoins program instead.
What is a token discount? ›
In brief, discount tokens are digital assets that give their holders a limited right to receive discounts on purchases of products or services from an organization — a company, a coop, or a blockchain network.
Do LA County employees get discounts? ›
The Employee Discount Program offers discounts to LA County employees for theme parks, sporting events, entertainment, dining, and various other activities throughout the County.
What is the redemption rate for loyalty programs? ›
What is redemption rate in loyalty programs? The redemption rate in loyalty programs is a crucial metric that quantifies the effectiveness of customer engagement initiatives. This metric signifies the percentage of rewards or points earned by loyalty program members that are actually utilized or redeemed.
