What’s your Cracker Jack Free Prize Inside?
Read more about : (matching categories Word of Mouth Magic )Posted by
Bolaji Oyejide,September 8th, 2008
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How many of you remember Cracker Jacks?
I heard on the radio yesterday that Cracker Jack free prizes have become collector’s items. With some going for THOUSANDS of dollars!!
In the bestseller Free Prize Inside, author Seth Godin suggests that today’s companies can’t afford difficult and risky technological innovation. These complex projects are notorious for being late, over-budget, and short on meeting promised deliverables. The Return On Investment (ROI) falls short.
He also suggests that you can’t afford to spend HUGE amounts on advertising. Again, the ROI doesn’t justify the expense.
The solution? Seth says you can profit all day long with CHEAP INNOVATIONS that have a significant ROI. He calls this the FREE PRIZE INSIDE.
According to Seth a FREE PRIZE is a secondary product benefit so remarkable, that it drives word-of-mouth, and drives sales. Invest in these, instead of running huge media buys, or huge IT projects.
So you already have a product you’re proud of. How do you create a FREE PRIZE inside? Something secondary that will be so remarkable, it will drive word-of-mouth, and sales?
Some of Seth’s examples include:
- FedEx truck mailing slots (drop your mail into any parked FedEx truck you see!)
- Flintstone vitamins / orange-flavored vitamins (Kids enjoying taking their medicine? What?)
- A bank that’s open on Sundays
- A grocery store that gives express lanes to shoppers who buy a LOT (reward your most loyal customers)
Or how about:
- Hidden music tracks on your favorite artist’s latest CD
- Fortune cookies at Chinese restaurants
- Snapple’s humorous facts on the inside of the bottle cap (-ex- Camel’s have 3 eyelids)
As you can see, none of these are terribly complex or expensive for the company to implement. But by observing customers, finding out what they could use, you can build a cheap free prize inside.
The beauty of these soft, cheap innovations is that if they don’t work, you haven’t spent a lot of money! Scrap the idea, and try another one.
So. Go buy a box of Cracker Jacks. Reminisce on your childhood. And let that inspire you to create your first free prize inside.
Thanks for reading this blog in its entirety! To show our gratitude, here are some free prizes inside!
- 1960s Cracker Jack TV commercial (Video)
- The History of Cracker Jacks (Video)
- A Free Summary of Seth Godin’s “Free Prize Inside” (pdf eBook)
- Fortune Cookies aren’t from China (Video)
- Did you know:
My favorite hidden track of all time, Lauryn Hill’s “Can’t Take My Eyes Off of You” on the 1999 MisEducation of Lauryn Hill, was nominated for a Grammy.
First time that ever happened with a hidden track.
How’s that for a free prize inside?
Note: Seth Godin’s book, Free Prize inside, was sold in what looked like a mini-cereal box.
Seriously.
What’s your Cracker Jack Free Prize Inside?
Bolaji Oyejide is an online marketer and word of mouth maven. In his spare time, he explores how to generate passive income via blogging and affiliate marketing. Escape the Rat Race, and Find your Buried Cheese.
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