Numerous forms of short-term incentives to promote trial or buying of a service of product is

Numerous forms of short-term incentives, often referred to as promotional tactics, are used by businesses to stimulate trial or encourage the purchase of a product or service. These incentives are particularly effective in attracting new customers or boosting sales during specific periods. Some common short-term incentives include:

1. Discount Coupons: These are vouchers that offer a specific discount on products or services, enticing customers to make a purchase.

2. Cash Rebates: A refund given to consumers after a purchase, which encourages them to buy by providing a financial incentive post-purchase.

3. Free Trials: Offering a service for free for a limited time allows customers to experience the product without any initial commitment.

4. Buy One Get One Free (BOGO): This tactic encourages higher sales volume by offering customers a free product with the purchase of another.

5. Limited-Time Offers: Creating urgency by providing discounts or incentives that are only available for a short period can motivate quicker decision-making by consumers.

6. Loyalty Programs: While typically seen as long-term, these can also provide immediate benefits through points or discounts on future purchases for short-term incentivization.

7. Bundling: Offering products or services as a package at a reduced price compared to buying them individually.

8. Contests and Sweepstakes: These can engage customers by offering them a chance to win prizes, which can boost interest and sales.

9. Product Sampling: Allowing potential customers to try a product for free can lead to increased sales if they are pleased with the sample experience.

These incentives, if strategically implemented, can significantly enhance customer acquisition and retention in a competitive market.