Prize Fulfillment Solutions for Your Next Sweepstakes

By: Jennifer French | In: Best Practices, Legal and Prize Fulfillment, Marketing, Prize Fulfillment

There are a lot of factors that go into running a successful online sweepstakes or contest. One of the most important ones is the prizing you award to the winners. A lot of companies who decide to run a campaign without the help of a sweepstakes agency often find that the prize fulfillment portion of the campaign can be very time consuming and costly if not done correctly. Below I will talk about prize fulfillment solutions for your next sweepstakes or contest.

Before I go further into the prize fulfillment solutions, I think it’s necessary to first touch on the importance of prizing. You may have great online creative and a healthy marketing budget, but if your prizes aren’t compelling, you run the risk of receiving low entries. Here are a few tips on the types of prizes to offer. But what really constitutes a compelling prize to consumers? A lot of times it simply comes down to the odds of winning. The more prizes you award, the better chance the entrant has of taking home a prize. This makes consumers feel like they have a better chance to win, resulting in increased entry numbers.

Okay, great, you’ve listened to your consumers and want to award a large number of prizes. Where do you start? What does that look like? This is where prize fulfillment solutions come into the picture.

Are you awarding physical prizes? If so, there are a few things you will need to take into consideration. You will need to securely warehouse, package and ship the prizes. A benefit of using a sweepstakes agency that handles prize fulfillment is that they will do all of the work for you. And, because they ship prizing on a regular basis, you will be guaranteed to have the lowest possible rates. Plus, packing and shipping hundreds of prizes can be a very time consuming job, which will in turn costs you money. Check out a list of prize fulfillment services offered by Sync Marketing.

Are you awarding digital prizes? This is definitely a more cost-effective way to award a prize. But, do you have the manpower to follow up with hundreds or even thousands of winners to make sure they’ve received their prizing via email? Leave it to the experts who have the proper programs in place to quickly and efficiently deliver your prizing and take this daunting task off of your plate.

Another thing to consider are the steps that need to take place before prize fulfillment; winner selection, notification and verification. This can also be a very time consuming process. And, if your prizes are valued at over $600, you will need to report this to the IRS and provide a 1099 for each winner. Hiring a sweepstakes agency to oversee this portion of your campaign will take the worry out of the project for you and ensure that it is being handled correctly.

Finally, no matter what the type or quantity of prizing you chose to award to your winners, consider contacting Sync Marketing to handle your prize fulfillment solutions. We will put together a cost-effective and time saving plan for your next campaign and do the “heavy lifting” so you don’t have to.

Prize Fulfillment Solutions for your next Sweepstakes

Sweepstakes Prizing – What to Give Away

By: Julie Link | In: Best Practices, Contests, Legal and Prize Fulfillment, Sweepstakes

It seems these days that everyone is getting in on the fun by running online sweepstakes and contests. That’s because it’s an extremely effective way of not only gathering consumer data, but rewarding consumers in return.  Today, I am going to focus on the best part; the prizing, and the most effective sweepstakes prizing recommendations for your next promotion.

1. Money, money, money: Everyone loves cash. If you choose to award cash as your prize, make sure it’s a significant amount, as with all prizing, winners are taxed on anything over $600. If you choose to go the cash route, it is recommended to always relate the cash prizes back to your product. Take Don’t Touch My Dart: The Sweepstakes…Here, Chrysler gave away $10,000 for the winner to use as they wish, but in the creative and official rules they promoted it as money to be used towards the purchase or lease of a new Dodge Dart.
2. The once-in-a-lifetime experience prize: Awarding your winners with a prize they cannot buy is the ultimate prize. Whether it’s to a red carpet event or a VIP back stage pass; offering prizing that is not available to the general public will allow you to receive entries from consumers who are truly interested in your prize and the exclusive experience.
3. A trip: Pretty much everyone loves to travel, so a trip is a great way to entice consumers to enter. Just be sure to include all of the critical trip elements; airfare, hotel, transportation, and spending money/money for taxes. And, of course, relate it back to your product or service.
4. Your product or service; Giving away an iPad is great, but if it doesn’t relate to your product or service, then you might not be getting the type of entrants you want as well as the fact that the promotion will seem disjointed. If you offer a fantastic service, give consumers the chance to win that particular service free for a year. Or, if it’s a product, why not offer gift cards or a prize pack containing your promoted items?
5. Many prizes. It’s always important to give one larger grand prize, but if you want entrants to feel like they have a true shot at winning, consider giving away several smaller prizes. 

Most importantly, make sure that the prize-winning experience is extremely enjoyable and stress-free for your consumers. By hiring an agency like Sync Marketing to handle your sweepstakes prize fulfillment, you can rest assured that your winners will understand all of the details of their prize and will be taken care of all the way until tax season. For a full list of Sync Marketing’s prize fulfillment offerings, please take a look at our Legal and Prize Fulfillment page, here.