Smart Product Bundling Strategies: 3 Campaign Ideas

Marketing
-
Sep 12, 2018
Sebastian Bausch
Sebastian Bausch
VP of Sales
2
Min to read

Product bundling is not a new marketing strategy, but you can't deny it’s a great one. By placing an incentive on a package of products, you can reward your customer while encouraging them to spend more.

28% of shoppers are likely to spend more money if a retailer offers a percentage off their total, 17% if they offer specific product deals. -RetailMeNot

In this article, we'll share 3 effective product bundling tactics and promotional campaigns examples.

1. Surplus Product Bundle

The example: Give customers a free pair of socks if they buy a running jacket and shorts, plus give them a coupon for their next purchase.

Retail product bundles
  • A great way to move surplus products or increase sales on a less popular item
  • Design clever offers that combine popular products, like the latest running jacket and shorts - with a free pair of running socks
  • Optimize conversions with a great deal or something free, while boosting your top-line sales and moving "extra" products
  • Personalize your promotional campaign and mention a local running route, race or event

2. Purchase Frequency Reward

The example: Reward repeat customers with a 30% hotel discount on their 5th and 10th purchase of a round-trip flight.

House and plane
  • It is a best practice to reward the behaviour of high-spend and highly active customers
  • Design a campaign that bundles related products, so you can cross-promote other products and raise awareness of other services
  • Consider bundling flights with hotels, tourist attractions, transportation, local entertainment, etc.
  • Successful promotions will lead to increased sales revenue while reducing your promotional spend

3. Real-time Reward Bundle

The example: Give customers who purchase tickets for an upcoming football match a free gift based on the weather forecast.

Real-time rewards in stadium
  • Trigger a relevant discount in real-time to increase customer engagement and brand affinity
  • If the forecast is calling for rain, send an email notifying fans that they can collect a rain poncho with a special coupon code when they arrive at the stadium (or sunscreen in the summer?)
  • This type of personalized product giveaway will probably turn your average customers into more than just fans
  • Consider creating a “Sorry4theRain” coupon valid for their next purchase - relevancy is key to any successful marketing strategy

This is product bundling and a great digital marketing strategy to increase product sales and revenue. By bundling products or services and wrapping them together at a discount price, you entice customers and increase purchases. Plus it can work in pretty much any industry, with any product or service.

What's next?

Set up your campaigns! In this article we discussed three product bundling strategies that you can use for your next promotional campaigns.

If you have any questions about how you can implement these ideas, or you don't have the right Promotion Engine in place, get in touch. We would be happy to talk to you about scaling your digital marketing strategy with promotional campaigns.

Every promotion is possible

Get the most out of your reward programs

Book Your Demo
content LiBRARY
Online Promotions - The Best Performing Promotion Ideas
A library of use cases covering coupons, referrals, loyalty and more
Best Practice campaign ideas
Insightful tips for your promotion solution
An overview of all the promotion types
Get Your Free eBook
CONTENT LIBRARY
Download Your Talon.One Loyalty Playbook
Loyalty Playbook cover
Best Practices for loyalty programs
How to gain a competitive advantage
Your definitive guide to loyal customers
Get Your Free Playbook

Receive Monthly Promotion Insights

Get expert insights & news on the latest promotion trends in our monthly newsletter.

Promotion tips
Industry insights
Case Studies
Online Promotions - The Best Performing Promotion Ideas
A library of use cases covering coupons, referrals, loyalty and more
Best Practice campaign ideas
Insightful tips for your promotion solution
An overview of all the promotion types
Most relevant articles
Online Promotions - The Best Performing Promotion Ideas
Get Your Free eBook
Best Practice campaign ideas
Insightful tips for your promotion solution
An overview of all the promotion types
Download Your Talon.One Loyalty Playbook
Loyalty Playbook Cover
Best Practices for loyalty programs
How to gain a competitive advantage
Your definitive guide to loyal customers