What are some negative effects of giving freebies?

While giving freebies may seem like a great way to build brand loyalty and attract new customers, there are some negative effects that can arise. First, giving away too many freebies can lead to a culture of entitlement, where customers come to expect free products and services and have a decreased willingness to pay for them in the future. Additionally, offering freebies can devalue your brand and erode your profit margins, especially if you're giving away high-priced items. Finally, freebies can also attract customers who are only interested in the free item, rather than your overall brand and offerings, which can be a waste of resources and time.

This mind map was published on 20 June 2023 and has been viewed 71 times.