Wednesday, September 18, 2013

Promotional Gifts Can Help Increase Sales For Any Business

By Lyndon Zema


Promotional gifts can serve as important advertising tool for any business. Studies have shown that customers are more likely to do business with a company after receiving such an item, than if they had viewed an advertisement, so clearly it does make an impact and is therefore a worthwhile expenditure.

The average return on investment which results from handing out promotional products is considerably higher than any other type of advertising. One consumer study revealed that more than half of people surveyed had done business with a company which had given them some kind of promo item earlier on. Yet, this effective marketing strategy can also cost much less than expensive media advertising campaigns.

At one time choices for giveaway items were rather limited but today there is a wide selection available to choose from. The best choices are generally those which are most useful to people, and if they are also related to the goods or services the business provides this is even better.

It's not the best idea for a company to only choose the least expensive giveaway items since these are generally of lesser value in terms of how useful they are and are therefore more likely to simply be discarded, which would defeat their purpose in the first place. The smartest approach is to select products which are both handy, relevant to what the company sells, and which are somehow tied in with their ad campaign in general.

Some of the most popular choices in promo products include pens, cups, hats, and t-shirts. If a company is looking to build brand loyalty, it can be effective to select items such as binders or calculators with the company name and logo. When trying to establish a name for one's company in the marketplace, it's best to give out a unique and memorable item that is different from the rest.

These items can be further classified into "common" and "specialized" categories. The former are those which are kept on-hand in the office to present to customers at the end of a meeting. Whereas the latter are normally reserved for handing out at such events as trade shows or to a specific niche of customers.

The cost of purchasing promotional gifts depends mainly on which items the company chooses. It's important to secure a good relationship with a reputable supplier, who will usually offer companies some reasonable rates when they are buying in large quantities in particular. Some merchants will also offer discounts for businesses who have purchased from them repeatedly.




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