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The $100 MBA Show

MBA1102 Do Giveaways Work? + Free Ride Friday!

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.91.2K Ratings

🗓️ 28 September 2018

⏱️ 12 minutes

🧾️ Download transcript

Summary

Everyone loves a freebie. But if you do a promotional giveaway, are you getting anything in return? Contests, random drawings, and other giveaways are definitely fun, and they definitely generate some buzz. But if you’re not careful about how you implement your giveaway, you can end up simply...giving stuff away!

Transcript

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0:00.0

Hey today is free ride Friday so make sure you hang on to the end of the episode to hear who won this week's free ride.

0:06.0

Every Friday we give away a lifetime membership to one of our programs, one of our full courses.

0:12.0

This month we're giving away easy Course, our 30-day course on how to build and launch your own online course within 30 days.

0:19.0

It retails at 500 dollars over at easycourse.co, but somebody's going to win it for free today and you can

0:24.4

win as well. All you got to do is leave us on iTunes rating and review and you enter

0:28.8

our weekly random draw automatically and you automatically enter the draw for every week when you leave a review

0:34.4

until of course you win. It's our way to say thank you for showing us love on iTunes.

0:38.3

All right let's jump into today's episode! episode. Welcome to the $100 MBA Show where business is a pleasure with our daily 10 minute

0:55.6

business lessons for the real world. I'm your host, your coach, your teacher

1:00.0

Omar Zen Home. I'm also the co-founder of the $100

1:03.4

MPA, a complete business training, and community online.

1:07.0

And in today's episode you will learn do giveaways work?

1:11.0

Many people, especially on social media, try to run contests and giveaways, whether

1:15.8

their gift cards or iPhones or iPads, and they do this to generate attention and leads for

1:21.8

their business. But do these giveaways really work? Well I've tried

1:25.6

giveaways in different forms in our business and I'm going to share with you my

1:29.4

experience when giveaways do work and when they don't so that you can save yourself some time and

1:35.3

money and effort and headaches. I'll explain to you how you can run a giveaway easily and who

1:40.2

best should be involved in the giveaway so you can maximize your return on investment.

1:45.2

I know when we're having like a slow month or sales are kind of dipping, we're trying to think of

1:49.5

new ideas to generate some excitement and giveaways are at the top of the list but when

1:54.0

they do them wrong if you don't do them right they can cause more harm than good

...

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