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E072: Why You Shouldn’t Run a Sweepstakes, Holiday Season Advertising, Temu’s Earnings & More
Sep 4, 2024
Explore the pros and cons of running sweepstakes and how they can impact revenue and customer engagement. Delve into strategies for maximizing sales during the holiday season, including key advertising shifts and the effectiveness of direct mail. Discover the complexities surrounding Teemu’s earnings and the risks associated with investing in Chinese companies. Finally, hear about the surprising influence of personal appearance on professional success, emphasizing its importance for career newcomers.
01:02:00
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Quick takeaways
- Running sweepstakes presents numerous challenges, including high costs and legal complexities, making strategic integration into marketing essential.
- The Q4 holiday season requires brands to implement engaging marketing strategies and flexible spending in anticipation of significant revenue opportunities.
Deep dives
The Case Against Sweepstakes
Sweepstakes may seem appealing for brands looking to boost sales, but they often come with significant challenges. The hosts argue that many people fail to recognize the logistical nightmares involved, such as the high upfront costs and legal complexities. Although some brands have found success, those who merely replicate sweepstakes without a unique angle may struggle. Moreover, they emphasize the importance of integrating sweepstakes into the overall marketing strategy rather than treating them as standalone events.
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