5 ways to boost your business with promotional marketing
DESCRIPTION
Learn five ways your business can use promotional items to connect with prospects and clients, build brand awareness, and ultimately boost your business.TRANSCRIPT
InnerWorkings Best Practices Guide
September 2012
5WayS to USe PromotIonal ItemS to BooSt yoUr BUSIneSS
5 Ways to Use Promotional Items to Boost your Business
In tHIS ISSUe:
Introduction ................................................................. 3
1: Build Brand awareness ............................................ 4
2: acquire Customers .................................................. 5
3: Keep Customers ....................................................... 6
4: Drive engagement at events .................................... 7
5: motivate employees ................................................. 8
How to make it Happen ................................................ 9
about InnerWorkings / Contact Information ............... 10
5 Ways to Use Promotional Items to Boost your Business
3
IntroDUCtIonPromotional items are among the strongest performers in a marketer’s
tool kit. People simply like them. Research shows that 84 percent of people
receiving promotional items remember the advertisers; 42 percent have a
better impression of them; and 24 percent are more likely to do business
with them.1
With an almost blinding array of choices in
promotional products, how do you choose?
Start with the basics: know your marketing
goal, audience, budget and go-to-market
strategy. Then, zero in on the right item.
Our eBook includes 5 ways to boost your
business with promotional items.
Promotional items are among the five fastest-
growing marketing
options in the US, totaling some $17.7 billion.2
1 “Advertising Specialties Impressions Study,” Advertising Specialties Institute, November 2008, http://www.asicentral.com/html/open/EducationandEvents/powersummit08/Impressions_Study.pdf
2 “The 2011 E stimate of U.S. Distributors’ Promotional Products Sales,” prepared for the Promotional Products Association International, June 2012, http://www.ppai.org/inside-ppai/research/Documents/2011%20PPAI%20Sales%20Survey%20full%20report.pdf
5 Ways to Use Promotional Items to Boost your Business
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1.BUIlD BranD aWareneSS
Brand awareness is among the top reasons marketers use promotional
items. As more marketers turn to social media to help build brand visibility,
consider using them in your social networks to drive brand awareness and
engagement through reward programs. Deliver a code-based reward to
consumers who “like” your brand’s Facebook page to help drive traffic and
increase participation.
To connect with audiences offline, direct mail is a powerful
option, especially since direct mail response rates are four
times greater than email.3 Whether you’re planning to use
a giveaway as part of a direct mail piece, or as a driver in a
social media campaign, think about how your promotional
products and communications can complement each other.
Your social media audience is typically tech-savvy, so smartphone
accessories and other
high-tech giveaways are
good choices.
3 Direct Marketing Association
5 Ways to Use Promotional Items to Boost your Business
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2.aCQUIre CUStomerS
There are many ways to use promotional items in acquiring new customers.
On sales meetings, go the extra step with your leave behinds by putting
your marketing collateral on a branded thumb drive. Contests that draw
in qualified prospects by offering one of your top-of-the-line products or
services as the grand prize can also feature promotional
items printed with coupon codes as consolation prizes – for
instance, on microfiber cloths for cleaning customers’ many
displays (tablets, flat screens, smartphones).
In one survey, 37 percent of people who became customers
while or after receiving a promotional item said the item
played a role in choosing the company.4 The link between
promotion and customer acquisition isn’t always this clear.
But your job is clear: make your promotional items memorable.
Don’t forget to thank existing customers for referring new business with a high quality
branded gift that keeps them
referring more business.
4 “Advertising Impact of Promotional Products,” GWW, February 2012 http://www.gww.de/studien.html
5 Ways to Use Promotional Items to Boost your Business
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3.KeeP CUStomerS
Whether you met them in the civic center or the social sphere, they’re
your customers now and you’d better hold onto them. It costs far more
to acquire a new customer than it does to sell to an existing one.
Express gratitude to your loyal customers by sending a
promotional gift on their birthdays or for a holiday. Another
way to drive customer retention is through customer loyalty
programs and distributor preference programs that include
premiums. While some retailers maintain policies against
employees accepting swag, it’s in a distributor’s business
interest to provide their best outlets with premium in-store
displays, such as a branded grill, patio set or DVD-and-TV
to display a demo video. After the season is over, use the
displays to reward your top store manager or employee.
Be sure to exercise brand
discipline – right down to matching the shade of blue on that branded thumb drive to your beautiful blue logo.
5 Ways to Use Promotional Items to Boost your Business
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4.DrIVe enGaGement at eVentS
Tradeshows and events are ideal venues for engaging with prospects,
connecting with current customers and making a big impact with your
audiences. The trick with promotional items at tradeshows and events is
to make sure the gifts are relevant and/or useful to your audience.
Less common, but highly useful items that may be appropriate
for your company include branded USB hubs, combination
pen/stylus/LED flashlights or even WD-40 “pens” and
sunglasses. You want to stand out from the crowd, so think
outside the box to find an unusual promotional item that
meets your customers’ needs and fits your company’s brand
image. Also consider using promotional items to generate
buzz and drive booth attendance with a contest that features
a trendy item, such as the latest tablet.
Be sure to make tradeshow
giveaways relevant and/
or useful – or they’ll be left in hotel rooms all across town as attendees pack up to leave.
5 Ways to Use Promotional Items to Boost your Business
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5.motIVate emPloyeeS
Some say that happy employees make for happy customers. Certainly,
maintaining an esprit de corps is good business, and internal contests/
awards, recognition and sales-incentive programs can all help.
The use of internal promotional items is growing more than
ever. Safety programs are a big category – say, with a logo
jacket for everyone on the team hitting the goal for safe
operations at the plant. Eco-initiatives and recycling can
be encouraged with branded double-walled drink ware,
reducing the number of water bottles used in the office.
Your return on investment? Increased morale, people working harder and smarter – in short, a more productive work
environment.
5 Ways to Use Promotional Items to Boost your Business
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6.HoW to maKe It HaPPen
Promotional items can help you reach your objectives if you use common
marketing sense and have a little fun with them.
The range of available promotional items has become seemingly
endless, and there is new flexibility built into ordering, with
low minimums (as low as one) and fast turnarounds (one to
three days on average versus the old standard of five to 10
days). Additionally, there is no need to stuff that office hall
closet anymore – even warehousing options are available,
along with “decorate on demand” capabilities.
For all these reasons, it’s no surprise that more brand marketers
are cutting through the noise of today’s fragmented media markets
by swinging into swag.
The simplest advice: Effective promotional items are products that
people might really like,
but wouldn’t necessarily
think to buy themselves.
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aBoUt InnerWorKInGS InnerWorkings is the leading provider of global marketing supply chain
solutions. We combine innovative technology, an extensive supplier
network, and deep domain expertise to help companies strategically
manage their print, promotional, and packaging solutions. We service
customers across multiple industries, including financial services, retail,
non-profits, healthcare, food and beverage, education, transportation
and utilities. With headquarters in Chicago and major operations in
Chile and the United Kingdom, InnerWorkings employs approximately
1,200 people and operates in more than 44 offices around the world.
For more information, please email [email protected] or visit http://bit.ly/inwkpromo