Sales Promotions for Preorder Products: The Role of Time-of-Release
Document Type
Article
Publication Date
7-16-2019
Publication Title
Psychology and Marketing
Volume
36
Issue
9
First page number:
875
Last page number:
890
Abstract
Preorder offers are increasingly common for many types of products and services. Sales promotions, such as price discounts and free gifts, are frequently used to raise offer attractiveness and elicit a stronger sales response. Through a series of experiments, we show that a preorder promotion's effectiveness depends on whether it matches the construal level associated with timing of the featured product's release. When a match occurs, it increases consumers’ positive affect leading to higher purchase intention directly or by raising the perceived certainty of new product quality. In addition, we find interesting differences related to promotion type. Specifically, we show that a larger discount promotes low‐level construals, which leads to stronger purchase intentions only when the product is scheduled for near‐future release. Since a gift may elicit either high‐ or low‐level construals, a premium offer of higher perceived value leads to stronger purchase intentions regardless of release timing.
Keywords
Construal level theory; New product release; Positive affect; Preorder; Quality certainty; Salespromotion
Disciplines
Sales and Merchandising
Language
English
Repository Citation
Jha, S.,
Deitz, G. D.,
Hart, P.,
Royne Stafford, M. B.
(2019).
Sales Promotions for Preorder Products: The Role of Time-of-Release.
Psychology and Marketing, 36(9),
875-890.
http://dx.doi.org/10.1002/mar.21242