What are the disadvantages of giving giveaways as means of attracting more customers to your business

[Chibson]

I agree with you. I had given some freebies to the customers who ordered and bought of my items online. They did not come back despite having these freebies received from me.

things like that actually happens in business. One thing you need to understand whenever you are doing such thing is that not all of them will come back even if you give them freebies. that is why you shouldn't do that at the detriment of your profit.

 

[Reedex]

All business owners must try as much as possible to give giveaways because it will enhance business productivity.

 

[Chibson]

it is always in form of discount or bonus. It is very effective when you want to attract a lot of customers into your business venture.

 

[Bisolami]

Some of the customers that receives the free gifts may never come back to your business
The goods being given away as free gifts may be devalued
It's an expensive model of business promotion

The disadvantage is that you may not get potential customers. They may just patronize you while the giveaway lasts

 

[Johnson2468]

Though do giveaway is a good way to attract new customers but if it is too much it can affect the business finance. And make you not to focus well on other marketing strategies

 

[Shavkat]

things like that actually happens in business. One thing you need to understand whenever you are doing such thing is that not all of them will come back even if you give them freebies. that is why you shouldn't do that at the detriment of your profit.

As for me, giving some freebies is fine. In my personal goal, I am wanting them to give good feedbacks. It would be a great help for my online shop with good ratings from them.

 

[Niyi Briggs]

Freebies bring customers that only want to take advantage of the brand. What a business needs is loyal customers and not opportunistic customers.

 

[Johnson2468]

The giveaway may just give your clients interest in bringing in new people but if you fail in the area of improving your quality, the customers may leave when you end your giveaway

 

[SHAHID987]

Once you'll give something extra to your customers like giveaways, then they may become habitual of it, next time they will ask for it again and once you'll stop it then they will stop purchasing from your shop.

 

[Johnson2468]

Doing giveaways is a good ideas to draw new customers but it is essential to look into improving your product quality and developing a good marketing strategy. All these may not be done well if you concentrate so much on giveaway

 

[Niyi Briggs]

There is what we call brand loyalty. I have seen people that would come and benefit from the giveaway and return back to the brand they are loyal to after the giveaway. My friend started patronizing a particular business because the owner needed a contractor. He was given the contract, executed it and went back to the brand he used to patronize. Brand loyalty can't be bought with giveaways.

 

[Chibson]

As for me, giving some freebies is fine. In my personal goal, I am wanting them to give good feedbacks. It would be a great help for my online shop with good ratings from them.

Yeah, feedbacks and good reviews help a business so much especially if it is an online business. Even some offline businesses also have reviews online.

 

[uptrendfinancialsignal]

Importance of giving out giveaways to customers is very huge because it will attract them.

 

[Reedex]

It is established that giving giveaways to customers would attract them..

 

[Chibson]

It is established that giving giveaways to customers would attract them..

That is actually true but some people will only patronize you when there is giveaway. Sometimes you need to stop giveaway to know the people that likes your product.

 

[IB D]

Giveaways are not business or sales strategy because they are not sustainable. It is a strategy for brand recognition. If a new business enters an industry, it can do giveaways to attract people's attention to the business.

 

[cherry123]

Giveaways is meant to be a strategy adopted for brand recognition. With a new business one can do giveaways to attract or lure new buyers to enable them know about the products