THE POWER OF PROMOTIONAL PRODUCTS
650 words – Less than 4 minutes to read
Companies invest almost $17 billion every year in promotional products, and with good reason. Used correctly, promotional products are seen 10 times as often as a billboard, have triple the recall rate of banner ads, get increased referrals and result in sales over half the time. Unfortunately, most companies misuse this advertising ingredient and waste both their money and the tool’s potential.
The key to harnessing the power of promotional products lies in communicating the right message to the right people through the right product. Many companies use a shotgun approach to promotional products. They buy large quantities of items and distribute them liberally at tradeshows, parades, and in the course of daily business.
Donna Bender, president of the Donna Bender Company and recent guest on my radio program the Marketing Point, says this approach squanders the potential of the medium. Ms. Bender worked for brand giants like Eddie Bauer, Laura Ashley and Salvatore Ferragamo before starting her own promotional product company. She was dedicated to the idea that promotional products used properly result in improved relationships and ultimately, an impact to a company’s bottom line. And what constitutes proper use? Three points: Brand Consistency, Targeted Audience and Value.
If you’re a Marketing Chef regular, you know this point: Every marketing tactic you use should come out of a unified marketing strategy (in Marketing Chef parlance, your Marketing Recipe.) Promotional items must follow the rules of consistency just like any other advertising ingredient. As Ms Bender says, what makes a successfully branded company is that “everything they do, and everything they give out speaks exactly to who they are.”
Your promotional items need to fit your brand, whether that brand is based on dependable security or youthful energy. A company known for refined luxury giving away cheap refrigerator magnates, or a hip clothing company presenting staid leather-bound planners would not only be ineffective. It would actually undermine those company’s respective brands. Therefore, when using promotional product, find items that reinforce your message.
In using promotional products, more coverage is not necessarily better. Gaining name recognition with the wrong audience is a waste of your effort and budget. Just like your other advertising efforts, the promotional product’s audience should be closely targeted.
Most often, the target will be the decision maker within your niche market. However, promotional products can be creative ways to get past roadblocks, through what Bender calls, “Romancing the Gatekeeper.” A useful gift to an overworked (and normally overlooked) admin might just result in years of good feelings, and more concretely, in getting appointments that your competitors can’t get.
Narrowing your audience has another benefit: the ability to give more valued gifts. While it’s true that a gold pen set costs more than a cheap ballpoint, you actually make a bigger impact with a smaller quantity of highly valued gifts. Rather than spending your budget on unwanted trinkets for people with little buying potential, you can invest in your relationship with a few top clients or prospects.
The longer, more often, and more prominently the recipient sees and uses your gift, the more he or she thinks good thoughts about you. With a little thought, you can put something truly appreciated on the desk or in the home of a person who can influence your business for years to come. That appreciation becomes tangible—the value the recipient places on your gift can translate directly to loyalty, to a sense of reciprocity, and ultimately, to sales.
So rather than spending your promotional product budget on inexpensive items that you can distribute widely, invest in the relationships that matter by giving items they’ll keep, use and see for years to come. Finding a gift that’s consistent with your brand and that will be appreciated by your targeted audience is the key to unlocking the power of promotional products.
POSTSCRIPT For more on promotional products email me at info@TheMarketingChef.com. You can also call The Marketing Chef at 972.444.9310 (direct), or toll free (US) 877.252.2995.