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What is the free water concept in terms of business | How to Earn Money from the Free Water Concept The Ad-Supported Model.
How to Earn Money from the Free Water Concept The Ad-Supported Model? If you are searching for water to quench your thirst on a sunny day, someone gives you a water bottle for free. Instead of the company name, there are many names of different brands and their products or services. But here’s the catch: It’s free. This might sound uncanny, but it’s becoming a big business nowadays, thanks to the innovative free water concept. Clean drinking water is essential, and making it free and easily accessible to nearby shops for everyone is a noble cause. But how do companies provide this water for free and still make a profit? Earn Money from the Free Water Concept The Ad-Supported Model.
The ad-supported model
The ad-supported model is a brilliant way to turn a generous into a profitable business. By placing advertisements in the empty space of water bottles, companies can generate significant revenue. This model benefits everyone involved; consumers get free water, advertisers gain a unique platform to reach their audience, and companies make money.
How the ad-supported model works
Placing ads on bottles
The magic of this model lies in the clever use of the bottle’s empty space. Advertisements are printed directly on the empty space of the water bottles or incorporated into the packaging. These ads can vary from simple logos and slogans to detailed graphics and QR codes leading to digital content. The key is to make the ads visually appealing without overwhelming the consumer. Earn Money from the Free Water Concept The Ad-Supported Model
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How to Generate revenue from this model
So, how does this method generate revenue? The advertisers will approach your company and will pay a good amount of money to place and print their ads on the bottle packaging. This will turn your bottle into a mini billboard. The pricing of the ad will be decided based on the quantity of the bottle containing the same ad, the size of the ad on the bottle, the target audience and the expected reach. By selling the ad space effectively the companies can overcome their production and distribution cost. Earn Money from the Free Water Concept The Ad-Supported Model.
How to implement the ad-supported model
Printing and designing of bottles
Firstly create an attractive bottle design. The design should be in such a way that it can balance the ad content with the brand’s identity, ensuring that the bottle remains appealing to consumers. Creative and eye-catching designs can make the ads more effective which will ultimately help the brand to make a good profit. Earn Money from the Free Water Concept The Ad-Supported Model
Sourcing and production
The second most important step in the business is to find the best suppliers and manufacturers. Companies need to ensure that their production methods are cost-effective to maximize profitability. You can do bulk purchasing so that the cost of the bottle can be reduced and ensure a good supply of bottles.
Distribution and logistics
A company’s distribution and logistics must be efficient because as the consumer comes to know that the particular water bottle is free, So instead of paying for any other company’s water bottle he will take that free bottle partnering with retailers, gyms and public events can help in widespread distribution. Additionally, having a good logistics system in place ensures that the water bottles are delivered on time which makes a good value for the brand. Earn Money from the Free Water Concept The Ad-Supported Model
Marketing and promotion
Building a brand identity
For the ad-supported model to succeed, building a strong brand identity is essential. This involves consistent branding across all platforms, engaging with consumers on social media, and participating in community events. A strong brand can attract more advertisers willing to pay a premium for ad space. Earn Money from the Free Water Concept The Ad-Supported Model.
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How to attract advertisers
Convincing advertisers of the value of ad space on water bottles requires a compelling pitch. Highlighting and creating uniqueness in your brand, attractive ad packages can really attract advertisers. Earn Money from the Free Water Concept The Ad-Supported Model
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