Spread the Wealth With More, Smaller Prizes

Posted on by Chief Marketer Staff

With marketing budgets becoming tighter and tighter, one good strategy is to offer a handful of “baby carrots” as prizes for games and contests rather than one large carrot. For example, instead of investing in one grand prize for one winner for a new promotion — like $1 million or a new car — offer a handful of smaller giveaways to a greater number of winners, says Miles Smith, partner and director of business development at the Smith Brothers Agency.

More

Related Posts

Chief Marketer Videos

by Chief Marketer Staff

In our latest Marketers on Fire LinkedIn Live, Anywhere Real Estate CMO Esther-Mireya Tejeda discusses consumer targeting strategies, the evolution of the CMO role and advice for aspiring C-suite marketers.

	
        

Call for entries now open

Pro
Awards 2023

Click here to view the 2023 Winners
	
        

2023 LIST ANNOUNCED

CM 200

 

Click here to view the 2023 winners!