Ben Gilbert & David Rosenthal, Acquired
Give Away The Product Before You Sell It
Give away your product once and compare its cost to paid advertising.
Ben Gilbert & David Rosenthal says
It's a high gross margin product where you can give out giant amounts This is the very first manufacturer's coupon redeemable at a retailer This couponing strategy aligns incentives for everybody in the value chain in a way that had never been done before, consumers got free drinks, soda fountains got foot traffic and strong margins, and traveling salesmen got a free benefit to offer They're making $6.40 of revenue for a product that costs them a buck 30 to buy
Try this
Calculate the cost of giving your product away free to your target audience once, and compare it to what paid advertising would cost.
