Remember when you were growing up, and you’d find a prize inside your cereal box? Prizes, premiums and box-top offers have been a staple of modern marketing since the 1800s. We’ll tell the story of how the first ever box-top offer was the result of a critical marketing mistake – but it set the stage for a century of product giveaways. We’ll also explore the psychology of free prizes, like how the public is instantly attracted to a mail-in offer, but so few go to the trouble of redeeming their prize.
From the first Kellogg’s cereal prize, to Crackerjack, to the Happy Meal, to a promotion involving the Beatles that resulted in a lawsuit - it’s a fascinating aspect of marketing.
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Under the Influence with Terry O'Reilly