How to Monetize "Free"
By Penny Sansevieri
These days, everyone talks about free content. "Give it away!" they say, but does this really work? Well, yes and no. As with anything, there has to be a strategy.
Last Saturday I was on my morning run through our neighborhood and I noticed a number of garage sale signs (that's tag sale for those of you back east). One of the signs had a sign beneath it that read: We have free stuff! As I ran though the neighborhood I passed that house and noticed they put all their free stuff in the "Free zone" and already, even at that early hour, hoards of people were migrating there. I passed the other garage sales which were doing OK, but not great. Clearly the one with the free stuff pulled more people, but did it actually sell more paid merchandise? Yes. I checked in with the sale after my run to find most of the good stuff gone (note to self: shop first, exercise later). When I talked to the homeowner they said that the free stuff went fast, but as I noted each time I passed by, it wasn't junk stuff, it was actually good enough to make the garage sale shopper feel like they got a real deal. If it's junk and it's free, it doesn't really matter.
What's the lesson here? Free stuff can help you sell more of the paid merchandise, but you have to be careful, because some people just want freebies and that's fine. But they are not your customers. Here are some ips to help you maximize the use of free:
If you still aren't a believer of free, try it for 90 days and see if it doesn't change your life. If you do it right, free will monetize your audience like nothing else will. The biggest reason is that in an age of pushing things on consumers, your audience really wants to sample what you have to offer before they buy. Free is a great way to do that. It's also a great way to stay in front of your audience, build trust, and develop a loyal following.
How would you like a free marketing evaluation of your book? Find out how by emailing me! firstname.lastname@example.org
Wishing you publishing success,
Penny C. Sansevieri, Adjunct Instructor NYU
Author Marketing Experts, Inc. http://www.amarketingexpert.com/
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Carolyn Howard-Johnson, author of This Is the Place; Harkening: A Collection of Stories Remembered; Tracings, a chapbook of poetry; and how to books for writers including the award-winning second edition of, The Frugal Book Promoter: How to get nearly free publicity on your own or by partnering with your publisher; The Frugal Editor: Put Your Best Book Forward to Avoid Humiliation and Ensure Success; and Great Little Last Minute Editing Tips for Writers . The Great First Impression Book Proposal is her newest booklet for writers. She has three FRUGAL books for retailers including A Retailer’s Guide to Frugal In-Store Promotions: How To Increase Profits and Spit in the Eyes of Economic Downturns with Thrifty Events and Sales Techniques. Some of her other blogs are TheNewBookReview.blogspot.com, a blog where authors can recycle their favorite reviews. She also blogs at all things editing, grammar, formatting and more at The Frugal, Smart and Tuned-In Editor . If your followers at Twitter would benefit from this blog post, please use the little Green widget to let them know about this blog: