Sampling,discounts or pay-what-you-want: Two field experiments |
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Authors: | Ju-Young Kim Martin Natter Martin Spann |
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Institution: | 1. Goethe-University Frankfurt, Department of Marketing, Grueneburgplatz 1, 60323 Frankfurt am Main, Germany;2. Ludwig-Maximilians-University Munich, Institute of Electronic Commerce and Digital Markets, Geschwister-Scholl-Platz 1, 80539 Munich, Germany |
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Abstract: | Free sampling and price discounts are important, popular promotional tools used to attract new customers by reducing their risk of trial. The authors investigate pay-what-you-want (PWYW) as an alternative promotional tool to free sampling and price discounts in two field experiments. The authors find significant differences in perceived promotional characteristics and relevant performance measures, such as trial and repeat purchases by new customers. The entertaining and innovative character of PWYW induces many people to try it. PWYW may yield a higher repeat purchase rate of new customers, and sellers using PWYW benefit from higher word-of-mouth behavior. Finally, PWYW yields the highest promotional revenues. |
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Keywords: | Sampling Free samples Pay-what-you-want Price discounts Sales promotion |
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