Eric Autry’s Post

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Gas Monkey Garage | Shared Sweeps | Co-Founder

BFCM preparation has already started for 80% of brands. Most brands have their discounting "strategy" laid out, but haven't thought about how they can condition their customers away from discounted offers. If I'm running a $10M+ eCommerce brand going into BFCM with an average discount over 20% here's what I'm doing. Launching multiple giveaways... Gas Monkey Garage, LLC has skyrocketed their revenue with NO discounting... EVER! Instead, they use giveaways to excite their customers. Instead of 10-20-30% discounts, they provide 2-3-4x entries for dollars spent on Gas Monkey products. Adding multiples for entries has the same impact to a giveaway conditioned audience that discounts do for a normal audience. FYI - You can find the % of customers in your brand that love giveaways and MILK 🥛 revenue out of them. Send a post purchase survey asking if a giveaway offer would entice them to purchase again. Five months later you now have an audience of customers that respond to giveaways instead of discounting. This is one of many solutions to avoiding high CAC and low LTV from the BFCM cohort.

Mikhael Gustin

Strategic Go-to-Market @ Nostra | eCommerce Site Speed

1mo

Genius

Nick Guadagnano

Marketing & Operations at Gas Monkey Garage & SharedSweeps.

1mo

Game changer

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