Market Your Product By Giving It Away!
exposure, Marketing, products, profits, trialsSounds crazy? Not really. One of the best marketing strategies for introducing a new product is to give it away. You may be thinking, well, how can I make any money by giving away a product that cost me money to manufacture. Here’s how it works: They say it takes money to make money and this applies to launching a new product people have not heard of.
No one expects you to make a product that doesn’t sell but products that don’t get the right exposure often end up sitting on the clearance rack. Rather than mark down the value of your product, market it by offering a buy one, get one free. Offer a sample or trial of the product to the market you’ve discovered needs it.
Make sure that free products are given in exchange for feedback such as a brief survey describing the benefits and positive points of the product. Use this feedback in your advertising to entice more people to buy. Remember that clever marketing of your product by giving some away can explode your business to create more demand and greater profitability.
