Have any of you heard of this? You donate so many hundreds of dollars worth of carwash tokens, automatic wash coupons or prepaid washcards to the local radio station and in return, they "sell" your services at heavily discounted prices during a very popular radio show which many tune in to to get great bargains at area businesses. What you "get" is exposure of your business' name when your services are mentioned as available for the low price which the radio station sells them for and sometimes the radio DJ will hype up your carwash w/ their personal testimonial and the callers "ditto" the love for your business and call up and snatch up your services for such bargain prices which thereby line the radio station's pockets w/ "ad revenue" of which you've not spent a dime, yet you have "given away" your services as a trade-off for what I've mentioned above?
My question is, have any of you taken part in such mode of advertising? The only reason I hesitate is because something feels strange having so many new customers come in using your washcard, tokens or coupons which didn't earn you one dime of revenue since you "gave them away" for such radio exposure. I'm wrestling between the pros and cons of doing this versus just paying outright for radio advertising. Do you like the sounds of this "bartering" system of advertising or would you caution someone to think twice before "giving your stuff away" like this?
Thanks! - Carl
My question is, have any of you taken part in such mode of advertising? The only reason I hesitate is because something feels strange having so many new customers come in using your washcard, tokens or coupons which didn't earn you one dime of revenue since you "gave them away" for such radio exposure. I'm wrestling between the pros and cons of doing this versus just paying outright for radio advertising. Do you like the sounds of this "bartering" system of advertising or would you caution someone to think twice before "giving your stuff away" like this?
Thanks! - Carl