Marketing Compliance | How do promotions drive consumers to switch brands?
By Sharmila Pamamull, Senior Counsel
31 January 2019
To fully maximise the breadth and success of any promotion you need to make it as easy as possible for the consumer to not only participate but also be rewarded.
What type of promotion drives the likelihood for consumers to switch brands?
Consumers show a clear preference for a guaranteed reward as the certainty of the reward forms part of the overall value equation in the consumer’s mind. Essentially:
The closer the reward to the point of purchase + the lower the amount of effort required by the consumer = the greater the likely impact.
This is what makes Gift with Purchase promotions so compelling to consumers. For a guaranteed Gift with Purchase, you can also forgo the full terms and conditions, and instead only have abridged terms and conditions on all promotional advertising which outline the key conditions of the offer.
Want to know more about Gift with Purchase promotions? Contact our team at email@example.com for assistance in conducting your next trade promotion.
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