Tactical & Practical cover image

Tactical & Practical

How To Make Money By Giving Stuff Away

Jul 5, 2024
Nate Lagos explains how ecom brands can profit from giveaway promotions by selecting prizes, engaging with the target market, and measuring profitability for long-term success.
14:51

Episode guests

Nate Lagos

Podcast summary created with Snipd AI

Quick takeaways

  • Selecting prizes aligned with target audience filters valuable leads.
  • Engaging post-giveaway with special discounts can drive revenue and optimize future campaigns.

Deep dives

Capitalizing on Giveaways for E-commerce Brands

Running giveaways has long been a strategy to attract new customers to brands. For e-commerce brands, the key lies in understanding the value of each entry. By knowing the demographics, preferences, and buying behaviors of participants, brands can effectively target potential customers. Choosing prizes that align with the brand's target market is essential to ensure qualified entries. Understanding and connecting with customers are fundamental before delving into any marketing tactics.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
The game changer for learning from podcasts!
Nelson
App Store
I used to use a different app that was able to save excerpts from podcast and really enjoyed it. I could listen to the podcast and quickly save things that I wanted to come back to later. Snipd take this to a whole new level with AI integration, creating summaries of podcasts and summarizing the main takeaways from what I’ve saved and snipped. I really love how it helps me prioritize what podcast to listen to with it summaries & deep dives.
No 1 podcast app
Steven
App Store
I tried everything and snipd is the no 1 app for podcasts if you like to remember things. Just tap your headphones three times and a snipped is created, transcribed, and saved to you library.