Could Online Giveaways Propel Your Business to the Top?

Granted, not a lot of businesses like to give out free products to their customers because of the instant monetary loss. However, online giveaways could prove to be the ideal investment that’s needed to propel your business to new levels. The popular marketing ploy doesn’t always produce results, but as free products are always going to be something consumers love, it does hold that feeling of certainty that it can produce instant exposure.

Online giveaway

Why Is an Online Giveaway a Popular Marketing Tactic?

Giving away free products has been a marketing ploy for years and many businesses have had success from the investment required. Why? Because consumers love free gifts and they will literally sign up to any website to get them, and that’s the benefit of applying such a tactic. Online giveaways can fail, but also work wonders if started correctly, so it’s always a marketing method worth trying if others aren’t working.

How Can an Online Giveaway Give Your Business More Exposure?

In terms of instant results, an online giveaway is a great method to take advantage of, purely because people don’t want to be left out on free products. Eventually, free products come to an end and it causes a panic among visitors that gives your business instant exposure. It’s likely that your free giveaway will be shared among friends and family on social media and that could give you further rewards in the future.

Why Don’t All Online Giveaways Work?

The problem a lot of businesses have when it comes to giving away free products and services is that they don’t have the knowledge to advertise it. An online giveaway needs to be marketed in such a way that it’s going to excite people and get them to sign up. Giving away too many free products has also been known to be a bad idea because people will often get greedy.

Freebies giveaway
photo credit: Indygirl / Flickr

An Online Giveaway Needs to be Introduced the Correct Way

Just because you are dishing out free products doesn’t mean it’s going to work. You will still need to plan and decide on the targets you want to meet. Online giveaways work best when you’ve advertised them for a few weeks beforehand, and employing other tactics such as putting the winner on a pedestal and keeping the event simple are also ways of maximizing results.

Multiple Online Giveaways Will Better Your Chances

If you run online giveaways every month or so, you will see your investment has paid dividends. Customers will see you are a regular contributor of free products and that means they are going to bookmark you and follow you on popular social media platforms.

Free giveaways aren’t always going to work, but when you look at some of the results businesses have had from the popular marketing method, it shows it can produce results if done right. If you engage with your customers while the event is taking place and you get them to share your social media pages before they get to enter, you can be sure your business is going to have much more success from running a free online giveaway.