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Do Corporate Gifts Really Pay Off for the Small Business?
by
Cheow Yu Yuan
http://www.oom.com.sg
The idea of giving out freebies to potential clients or visitors to an office has been around for quite some time. The idea of wooing big clients or partners with more extravagant gifts of goodwill has been around even longer. Corporate gift giving seems to be woven into the fabric of the business world, but those who are struggling to keep the computer screens lit and the phones ringing may wonder from time to time whether the money they spend on corporate gifts is really well spent.
Does corporate gift giving really pay off in the end? The answer for most businesses is that it does, but all of these conditions have to be met:
1. The gift must be well chosen for the intended recipient.
2. The price must be appropriate to the gift purchased.
3. Some thought must be put into who receives the gift and when.
Corporate gift giving isn't always a matter of coming out with a huge box of t-shirts and spreading them around to anyone who happens to walk by. Some big companies may still give out corporate gifts in that manner because they get very affordable prices by buying huge lots of their gifts. Smaller companies may scale down their bulk orders and take a more cautious approach to their gift giving.
A smaller company on a limited budget for corporate gifts will probably be better of giving higher quality gifts to more select recipients. Higher quality here doesn't mean super expensive.
Companies ordering in bulk can get great gifts for just a few bucks a piece and there are even some fun gifts that can be found for a buck a piece with some corporate gift distributors.
If the budget is tight, it makes more sense to do away with the corporate gifts that are typically just handed out at random like candy and invest that budget in items that will really leave a lasting impression with a recipient. These gifts should then make it into the hands of people who are really considering doing business with the company or perhaps new customers who will hopefully love the experience so much they come back for repeat business or give personal referrals.
When a small business is able to select the right gifts and get them at the right price, then corporate gift giving does still work. The trick is not getting sucked into the gift giving atmosphere and purchasing loads of gifts that will be tossed in the trash or in the back of a drawer. The type of gift chosen is more important today than ever.
A limited budget is not an excuse for a small company to stick with cheap corporate gifts that no one really has a use for. Very cheap gifts that actually have a purpose for the recipient are out there. Those are the gifts that will be appreciated by recipients and used more often so that logo is actually seen and thought about.
A small business struggling to keep things going or that doesn't want to blow money and start struggling, should put more thought into the gifts they purchase to get better results. For instance, most people have received so many corporate t-shirts they never glance at the logos anymore. Those same people may get overjoyed when they receive a USB port because they can actually use that.
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Promotional Corporate Gift at Below10DollarGifts. The content is our own opinion and does not necessarily reflect the views of Below10DollarGifts.
Article submitted Wednesday, May 25, 2011 & read 1 times.
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