B2B Marketing Promotions

Believe it or not you can make money on the Internet giving things away. It is human nature for people to want to get something for nothing. This is why you see so many people trying to win things such as $! Million Dollars buying lottery tickets or playing a McDonald’s scratch game.

When it comes to making money online you can give away free stuff and turn them into an Internet income. Here are three ways you can do that.

1. Build your mailing list. Doing email marketing is a proven way to make money once you have a responsive list.

This is why you see so many Internet marketers giving away free ebooks, free reports, and access to free webinars. The trade off is the website visitor must give that Internet marketer their name and email address to receive access to the freebie they are offering.

Once you have a mailing list you can send offers out to it and sell products that earn you a commission. Affiliate marketing is a good place to get products that you can make money selling.

2. Take a free tour. This is a common tactic used in network marketing opportunities. You also see it in membership sites.

Let the prospect test the opportunity out for free for a certain period of time. In some opportunities they might charge $1 for one week and then if the prospect doesn’t cancel they are billed full price on a regular basis.

The idea is that if the opportunity is worthwhile letting them check it out before they have to pay is a good way to enroll new members. In network marketing you make more money when you build a large downline.

Once you have the few personal individual members enrolled, and they are working on building their own group, you can make a lot of money. Everyone uses the same strategy of giving away a free tour.

3. CPA Offers. This could be something as simple as having a website visitor provide their name and email address. There are actually cost per action offers that only require an email address for you to get paid.

You are not selling anything, but rather you are promoting a specific offer. Most affiliate companies that do this type of affiliate marketing have excellent landing pages that you can promote.

There is no cost to the website visitor and you earn money once they complete the specific action. You just spend your time marketing the landing page.

As you can see there are ways to make money online giving away free stuff. This is a proven strategy for doing Internet marketing that any one willing to work at can make money.

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Promotional risk covered promotions open up possibilities to offer larger prizes than most companies can afford, or would want to take promotional risk on. These large prizes are proven to increase registrations of online users, traffic in stores, and sales at any given time. Strategies including promotional risk coverage also build large brands through consumer loyalty. Everyone appreciates winning something, people enjoy watching others win, and everyone remembers who was offering the big prize.

Protect your company from  the promotional risk of over redemption on free promotional offers.

Digital promotions are a great, low-cost way for marketers to promote their products, and increase brand awareness by offering Freemiums to consumers. These incentive promotions can reward people for buying the product (“buy 9 coffee drinks, get your 10th one for free”), can introduce your product to customers (“download a free track from our new album to see if you like it”), or can even allow you to promote your product to others by giving it away for free (“get free skins for the upcoming Watchmen movie for your iPhone and iPod Touch”).

Digital promotions can take a number of different forms, whether it’s an online gift certificate to your customers’ favorite online or brick-and-mortar retailers, free music downloads from iTunes, or even a real plastic gift card to an online store.

The cost of digital promotions is much lower than the other promotional incentives, because your cost is basically the value of the item you’re giving. If you give $10 online gift cards, your cost is $10 per card. This is a welcome change to promotional incentives professionals who would have normally spent a lot of money on graphic design, production and printing, and mailing and distribution.

Whatever form your digital promotions take, it’s an effective way to increase awareness for your brand, and track sales as well. With digital promotions like an online gift card, you can track who received your card, when they redeemed it, what product they were interested in (useful if you’re giving away several different kinds of music), and even if they purchased the actual product you were selling.

Do you have users who only redeem your digital promotions, but don’t actually buy anything? You can drop them from your incentive promotions campaign, and find a new batch of potential customers. Then start tracking and dropping until you’re only giving your digital incentives to a group of people with a high purchase percentage.

So how can you use digital promotions to gather valuable data about your customers? Not only are you able to track individual customers, but you can ask them for additional information like a working email address (you have to email them the digital promotions cards, right?), what products and brands do they usually buy, and what kinds of products they use.

For example, a music producer has several artists on his record label. He uses a digital promotions campaign to promote each of his artists, and offers a free track from any of his artists. For a user to take advantage of these digital incentives, she has to fill out a survey that tells the producer what kind of music she likes, how much she spends on music, and where she usually purchases it.

The producer can then aggregate the data from these digital promotions and see that most of his customers are between 18 – 24, like R&B, and purchase their music on iTunes. Now, he knows he needs to find more R&B artists, and promote them on iTunes rather than trying to produce and distribute CDs to various music stores around the country. Without using and tracking his digital promotions, he would never have access to this kind of information.

Now let’s take it one step further. Armed with this information, the producer can send out future digital promotions that are individualized to each customer’s tastes and preferences, rather than sending out a bunch of generic information and hoping the customers will take the bait. He can create digital promotions that use variable data to customize the offers, so each customer will see the music that he or she likes, and will receive offers that are more likely to be accepted by them.

Let’s recap: if done correctly, digital promotions can be a great way to market your product for a lower price than regular promotional incentives, to track customer responses, and to customize further digital incentives, to increase response and purchase rates.