As the name suggests, buy-one-get-one deals typically offer consumers a free product with the purchase of another. This sales tactic is tried and true. Businesses around the world use BOGO deals to drive their sales and boost revenue.
Specifically, businesses use BOGO deals to clear out unsold, outdated, or unpopular merchandise. While BOGO is an effective sales strategy, there is much more to BOGO examples than just a free product with a purchase.
You see, offering free products may negatively impact your bottom line in the long run. As a result, offering free products isn’t always the best idea.
So, what other twists can you put on BOGO offers?
Let’s take a look at some variations of the classic BOGO example:
Percentage off. Customers purchase a product and get a percentage off the second item in this variation. For instance, customers get 50% off the second item when purchasing the first one at full price.
Value discount. For example, customers get $5 off the second product when purchasing the first one at the regular price. Clothing, beauty, and hardware are common products that use this approach.
Buy X get Y. For this variation, customers get a free product with the purchase of X number of items. For example, this strategy is common as “buy 2 get 1 free.”
Free samples. Some brands throw in free samples with the purchase of any product. This tactic is highly effective when brands want to introduce a new product line.
Free gifts. So-called “free gifts” entice customers to purchase. For example, cosmetic lines generally offer a free gift when customers purchase a set of items.
BOGO offers can help you boost your e-commerce site’s performance. A study published in the Economist suggests that sales can jump up to 73% when using special offers and deals. So, don’t underestimate the power that BOGO offers when done right.