The ultimate marketing? What can that be? Well it is none other than the consumer’s favorite four letter word  “Free”. The very concept of it is intriguing and thought provoking. I had in a previous post (“Beware of free”) spoken about how free can be a game changer. Well it is much more than that !

Imagine you travelling from London to San Francisco and you get a discount on your ticket ! You are elated ! Moreover you have heartfelt gratitude towards the airlines for providing you this waiver. Now imagine how you would react if there is 100% waiver?

You visit the nearest comic book store and decide to get your hands on the latest Batman comic! To your surprise the shopkeeper gave it to you without charging a penny.

Are you dreaming? No. You were used to getting discounts right? so why not a 100% discount? Well the airline or the shopkeeper isn’t doing that for free- Your airlines trip as well as the comic book will be ad supported. It is through these ads that both the parties will make more money than by charging it from you. This indeed is the ultimate form of marketing.

In this form of promotion- it is mutually beneficial for both the parties. It ensures wider circulation of his product thereby increasing his and his sponsors’ chances of becoming a popular choice among the consumers and the buyer gets it for free ! leading to a winning situation for everyone.
Tags:

You might like reading:

Understanding the meaning of culture

I knew about three forms of capital- financial, cultural and social. Capital for different people can mean different things. For me, it is something I possess and I can proudly claim to be mine. Financial capital, we all know that it is related to money and wealth. Social capital is the network of people and relationships which I have. Cultural […]

0 comments

Do what you love and love what you do, says Hiral Saraiya

Do what you love and love what you do. Be agile and honest – few words of advice from an ex-NMite as she talks about her journey post MBA, the impact of lockdown on her career and her views on maintaining a good work life balance! Let’s hear it from Hiral Saraiya from NMIMS Mumbai 2010-12 batch : Q1. Tell […]

0 comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Follow us

©2010-2023 IdeasMakeMarket.com |Contact Us | T&C | Privacy Policy

 

Log in with your credentials

or    

Forgot your details?

Create Account