News1 min ago
Buy One Get One Free
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Why are there so many Buy One Get One Free offers ?
Surely just reducing the price of the item by half would be more practical, more often than not you don't really want the second "free" item.
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For more on marking an answer as the "Best Answer", please visit our FAQ.nothing is free we pay for it in other ways a penny on this or a penny on that,,some times the buy one get one free are things you dont want or like,,they are probably near to sell by date and they have a load to shift,,buy one get one free appeals to peoples greed so they are popular with many...gypsy
all of the above, but to expand on luckystrikes point.
The theory goes that if you get a consumer to use a product for longer then you build an inertia in their buying patterns. So if they use Loreal shampoo for 2 months rather than one, they are more likely to buy it in the 3rd month when it's run out that another.
It's also about market share, if people are using your products, they aren't using the competitions, so you are not only ensuring that you have more exposure and coverage but also preventing revenue for the competition.
The theory goes that if you get a consumer to use a product for longer then you build an inertia in their buying patterns. So if they use Loreal shampoo for 2 months rather than one, they are more likely to buy it in the 3rd month when it's run out that another.
It's also about market share, if people are using your products, they aren't using the competitions, so you are not only ensuring that you have more exposure and coverage but also preventing revenue for the competition.