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Incentive based marketing – If you are looking for incentive based marketing, then watch this video to learn everything you need to know about incentive based marketing.
Incentive Based Marketing | Incentive Marketing Strategy | Creative Marketing Incentives
Incentive based marketing is a marketing strategy that uses rewards or incentives to motivate customers to take action. This can include things like discounts, coupons, free samples, or giveaways. Incentive marketing can be a very effective way to increase sales, generate leads, and build customer loyalty.
There are a number of different ways to use incentive marketing. One popular strategy is to offer discounts or coupons to customers who sign up for your email list or make a purchase. You can also offer free samples or giveaways to customers who visit your website or social media pages. Another effective strategy is to offer loyalty programs that reward customers for their continued business.
When used effectively, incentive marketing can be a very powerful tool for driving business growth. By offering your customers something of value, you can motivate them to take action and make a purchase. This can help you to increase your sales, generate leads, and build customer loyalty.
Here are some tips for creating an effective incentive marketing strategy:
Offer rewards that are relevant to your target audience. What kind of incentives would your customers find most appealing? Make sure your rewards are aligned with their needs and interests.
Set realistic goals for your incentive marketing campaign. How many sales do you want to generate? How many leads do you want to generate? Once you know your goals, you can develop a strategy to achieve them.
Track the results of your incentive marketing campaign. How many customers did you sign up? How many sales did you generate? By tracking the results of your campaign, you can see what’s working and what’s not. This will help you to fine-tune your strategy and make it more effective.
Incentive based marketing can be a very effective way to grow your business. By offering your customers something of value, you can motivate them to take action and make a purchase. This can help you to increase your sales, generate leads, and build customer loyalty.
Here’s one of my favorite examples of incentive based marketing in action.
The McDonald’s Happy Meal
So, McDonalds give away toys inside their Happy Meal… pretty simple right?
But WHY do they do this?
For us marketers and salespeople – it’s easy to see that IT’S AN INCENTIVE to BUY!
And McDonald’s is EXTREMELY smart with this… because it’s not just an incentive for the kids… it actually becomes an incentive for the PARENTS too.
Because you have Little Jacob buckled up in the back seat, kicking and yelling, that he wants a happy meal because he wants to play with a new Spiderman toy.
And the mom and dad are driving… and they’re just frustrated… they are hurrying up, and yelling into the drive-thru speaker box, for 2 cheese burgers… a large fry…
And a Happy Meal so Little Jacob is quiet for the next hour.
The parents don’t even THINK about the additional cost of the happy meal… they don’t CARE about the price… because Little Jake wants that new Spiderman toy.
And mom and dad just want some peace and quiet.
And listen… this might not seem like anything special, but the data research firm Sense360, reported that McDonald’s attributes $10 million in revenue per day directly to the sales of their Happy Meal.
That’s ridiculous!
That’s over $3 BILLION per YEAR in additional revenue… JUST from throwing in an extra “incentive”.
So what happens when you use that same strategy and give incentives to ADULTS?
Let me show you…
I have a full 50 minute training on it called “How to 7x Your Conversions And Get Hundreds of Referrals per week”
I’d like to show you the exact process we use, and how we have taught a select group of people how to replicate our results…
If you are curious to see behind the scenes of how we’ve exploded the profits for over 3,200 other clients then attend our web class on incentive based marketing.
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