Make the Most of the Holiday Data Windfall ‑ Try a “Win Your Cart” Sweepstakes
September 17, 2014
We traditionally recommend that marketers steer clear of using sweepstakes and contests as a means to acquire customers and increase sales. While these tactics can create a spike in new users, their value is well below that of users generated through other tactics. Opt-out rates for promotionally sourced customers are 52% higher than for those from other paid channels. When it comes to purchases, these customers are 63% less likely to convert. In short, it’s a bit ugly.
But the holiday season offers up a unique opportunity to offer an effective sweepstakes to the increased volume of customers on your site; one that turns anonymous traffic into a rich source of data: Win Your Cart Sweepstakes. It’s simple, you give consumers the ability to enter for a chance to win a cart filled with everything they would buy if they could!
One lucky winner walks away with $1,000 of retail value, but you walk away with a treasure trove of data. The trick to optimizing the approach is to the timing. We recommend launching these promotions during the early stages of the holiday season – well before the Black Friday / Cyber Monday combination.
The rationale is simple:
1) You’ll be able to better understand what merchandise will be likely to move during the holidays; allowing you to make product recommendations for anonymous users
2) Email addresses will come flooding in, which will allow you to send your holiday messaging far and wide
3) You’ll gain insight into the interests of these individual consumers so that you can personalize your marketing moving forward
4) The foundation will be set for you to use omnichannel messaging to remarket to those who didn’t win originally
For more strategies for success, check out our Holiday Guide! DOWNLOAD NOW
— Neil Capel, CEO & Founder of Sailthru
Publishing in a Cookieless World: How First-Party Data Is Transforming Media Companies
Third-party cookies have made it easy for media companies to reach subscribers. But by 2022, Google will say goodbye to them forever. Find out why you need first-party data moving forward.
How Personalization Can Enhance Email for Publishers
Email for publishers is having a moment in the sun. Throughout the coronavirus pandemic, subscriptions have been on the rise and it’s been paying...
Personalization vs. Segmentation: The Real Difference and Why it Matters
Personalization is many things to many marketers. For some, it’s a business strategy that increases customer lifetime value and paves the way for profitable,...