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From Last Minute Gift to best Seller

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From Last Minute Gift to best Seller

By Chris Landry

In the past, people bought gift cards as presents if they were struggling to think of something better to buy and they needed to buy something quickly, but theindustry is now booming and businesses are seeing huge growth in gift card sales. 97% of big businesses sell gift cards online now, but only 3% of local businessessell them online. Smaller businesses are missing out on a big opportunity here. With $110 billion in sales of gift cards being reported, and the fact that customersare 2.5 times more likely to pay full price for something with a gift card, businesses need to think carefully about how to maximize gift card sales in their ownbusinesses.

 

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