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5 Reasons Why Premium Promotions Succeed
There are many
factors that affect the success of a premium promotion. To maximize
the effectiveness of your promotions, follow these five basic guidelines: |
- Offer premiums that enhance your brand,
making it easier to prepare, use, store, serve, or transport.
- Capitalize on the equity of your brand's
logo, mascot, or promotional character by incorporating it into
the premium item.
- Avoid generic items that are readily available
at retail. Consumers respond better to premiums that are uniquely
suited to your brand.
- Whenever possible, offer premiums that
promote new or alternative uses for your brand, increasing brand
consumption.
- Develop premiums around your promotional objectives,
and not vice versa!
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A clever premium makes your brand shout,
"Buy me!"
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Why Use Premiums at Point-of-Sale
Shrewd marketers have learned that there
are real bottom-line reasons for using consumer premiums
at point-of-sale: in-packs, on-packs, near-packs.
We live in a time of immediate gratification.
People are increasingly unwilling to wait for the promised
reward implicit in many marketing programs. Thus, point-of-sale
promotions have several advantages.
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They add value to the brand.
Whether it's a custom
recipe box designed to look like the Velveeta® package
(that holds brand-related recipes), or a special measuring
cup packaged on top of the Woolite® bottle (that
promotes brand use in the washing machine), premiums
make brands fly off retailers' shelves.
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They grab the consumer's attention
and differentiate brands at
point-of-sale. With all those other shelf-dwellers vying
for the buyer's attention, a clever offer like the "Super
Spatula" on-pack promo (see photo at left) makes the
brand shout, "Buy me!" at point-of-sale. |
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They promote retailer cooperation
for placing end-aisle displays in the store
(ranked as the #1 vehicle for gaining
consumers' attention in a recent Promo magazine
survey). They also promote increased order size. Retailers
welcome value-added promotions because they increase
product movement through their stores. Discount chains
and warehouse clubs are particularly fond of this type
of promotional vehicle, and make buying decisions based
on them. If you are finding it difficult to get your
brands distributed through these channels, a premium
offer may be just the vehicle you need in order to excite
these buyers.
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They promote multiple purchases
of brand. Offering two
or more of your products, packaged with a premium item,
stimulates increased product movement. Additionally,
a near-pack display, which offers a free premium with
the purchase of one or more of your products, promotes
impulse purchases and multi-brand trial by the consumer.
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They create consumer goodwill
as shoppers continue to use
the premium long-term. |
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Promotional Focus:
Add Value, Don't Cheapen the Brand
The Donnelley Marketing, Inc. study cited on the front of
this newsletter proves the importance of consumers' perceptions.
They rated "value" as first in importance when choosing
a brand.
Rather than risk cheapening your brand with
a price/discount coupon offer, consider an in-pack, on-pack,
or near-pack premium item, which adds value to your brand
while positively influencing consumers at point-of-sale
... where buying decisions are made!
The very term "discount" has a negative connotation.
It implies something less. Value-added premiums generate
positive, long-lasting public acceptance from consumers
who are seeking that elusive "value" . . . something that
a discount coupon simply cannot achieve.
Back to Top
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Vol2 No1 (page
1) |
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