Corporate gifts & promotional merchandise is an important tool in marketing and sales promotion. It is basically a tangible item given by a firm or any organization.
Corporate gifts can
be used a tool to show appreciation to their employees for the efforts made by
them. It is not unusual for the companies to
gift clients with some gift or gesture of appreciation when the customer has
generated a fair amount of sales over the past year. A corporate gift is sometimes extended to shareholders of the
company. This approach is often seen as a way to express appreciation for the
investment shareholders have made in the organization.
But now the most recurring questions would
be
1. How to find right corporate gifting
vendor? We offer PRIDE approach (covered below)
2. What range of corporate gifts should
be provided?
PRIDE APPROACH
|
First we will come into section of how? And then we will
come into what?
Varieties of corporate gifts leads to lots of confusion in the mind of corporate,
1. How to identify right corporate gifting vendor?
Results of numerous surveys, many corporate face a little problem regarding
corporate gifting process, they try to follow new methods and ideas of
corporate gifting, but due to shortage of time they end up repeating what they have
done in the past.
Things
to keep in mind while identifying merchandise should be:
a. P - Price
b. R - Recipient
c. I - Idea
d. D - Delivery
e. E – Eligibility
Now,
let’s cover each of these aspects in detail.
a. Price (P): Price is an important factor which determines the nature, quantity and
size of the gift.
Budget is not a constraint, if companies
plan well for the campaign. Every firm should be very careful at a time of choosing its budget so that their objective is met.
There are widest range of gifts available in
the market that are pocket
friendly even for the small firms. Here are some products and their price range
from which small medium enterprises or big corporate houses can avail.
Bulk gifts under Rs. 100-200: The utility must be that high so that the receiver retains it for a long time. The brand name on the product will surely work as a best advertising campaign.
Gifts under Rs. 350: You can include mugs, sippers, flasks, photo frames and items in stationery like writing pads, sets off coffee mugs, writing instruments like diaries, pens and mouse pads.
Gifts Under 500: Stylish travel bags, office bags, pen drives (card pen drives are very much popular now a days), Travel bags and accessories can easily available under 500. You can find the best styles in corporate gifting and you can put your logo on that to make it more personal.
Anyone can find corporate gifts under Rs 500 in India depending upon the occasion, which
include photo frames, power banks, Backpacks and office bags. Pen drives
and USB flash drives are also unique gifts. Apparels like T-shirts, gym wear
and accessories for sportswear are also best way to represent utility items
used for corporate branding and promotion. Other sets in coffee mugs and packs
of confectionery are also good items. Memory card is also great gift.
Power banks: Power banks (10,000 mAh and above) for mobiles & tablets can be adopted to be one of the best ideas of corporate gifts. It is an item that is useful for the executive class. In today's fast world, when all have to travel frequently then this would be the ideal gift for them.
Bluetooth speaker: Bluetooth is most fun-result of the evolved wireless
technology. With Bluetooth enabled smart phones and tablets, you can connect
numerous devices through a Bluetooth or aux mode. Bluetooth speakers are one
such accessory that has gained popularity.
Bluetooth Speakers by Gifting bazaar allows you to enjoy Outstanding bass effect, perfect sound quality with all sound source with 3.5 audio interface product like computer, Mp3 ,mobile phones etc.Make your life sound better now!
2. Recipient: Nature of corporate will also depend upon the target recipient.
A target market is a group of customers whose need have to be fulfilled by the business by their marketing efforts. A well-defined target
market the first element of a marketing strategy.
For example : if you
want to give gifts to employees, to give them motivation to work, or to give to
your clients or for shareholders on key revenue milestones, you have to plan
differently according to their nature.
3. Idea: The last year purchase would give a better vision about the
products that you can buy this year like if you have bought air fryer last year, or let’s
say AT trolley bag, then do not buy the
same repetitive items again.
4. Delivery date: Remember that always plan ordering a
little bit earlier as if the order is large, then you cannot predict the
delivery date, It might be late than expected or it might be sooner. But always
plan by keeping some margin so that your order comes on time and your goodwill
does not suffer.
Always give orders to
trusted vendors. For example gifting bazaar takes about 1 month for an order of
approximately 1000 pieces while it takes hardly a week for order of less than
50 pieces.
5. Eligibility : Every firm should know the exact quantity and size that
they require while choosing correct gift. They should choose the vendor carefully as it will help them to get their exact order on time that increase the reputation in turn.
While choosing the
size, firm should choose right size of their gift according to their employee
needs and wants. This will give them clear vision of what they want.
What for corporate gifts ?
Now it is the time to fit products to strategy.
Remember
that corporate gifts are not only about offering valuable incentives but they
are also a tactful way of keeping the people in the loop and reminding them
about your business and thus developing a your Brand Image. So, give out your
gifts not only to your employees but also your Past, Present and Future clients
and thus keep them in the loop!
While giving out your gifts you have to
keep some points in your mind.
1.
Don’t make repeat same/ leftover gifts from last campaign/ activity. It
only makes your Brand cheap !
2. Your gifts should be Innovative.
3.
Design your gifts in a way those could be more useful!
4.
Make sure your branding is done in an effective way.
5.
Packing is key to make a lasting impression & convey perceived value to the
recipient.
If
possible, make them more personal by leaving a hand note!
Imprinted corporate
gifts and personalized gift items will leave a long lasting impression on
everyone’s mind. Any unique corporate gift can be made more special by putting
your logo into it. Whether you are looking something simple or if you are
looking something special, market has all the options and gifting bazaar
provides much of that products
Gifting Bazaar with
over 13 years experience categorize options in two parts, i.e.
old traditions of corporate gifts and new traditions of corporate gifts
Lets cover
traditional options first:
There were times when
people were giving chocolate box to their employees in Diwali or New Year, some
of the old gifting ideas are:
Chocolate box
Pooja Thali: It is also a traditional way of showing your concern ,
but it has sort of became a repetitive idea and can be accepted upto a level,
So firms should adopt new ways and methods for corporate gifting
Sculptures: These are also
most traditional kind of gifts and gifting bazaar provides it in budget also.
Bed sheets and
comforter set: These are also a popular sort of gift at one time and
sure it should be because it is useful and can be used by everyone
New gifting ideas
Power banks: Hottest selling for corporate gifting would prove helpful for all those who travel more frequently and it also
doesn’t cost much. So overall, a great and ideal gift and pocket friendly also
Card pen drives: These
are new trend in innovation of corporate gifting and loved by everyone. Gifting bazaar provide with the best Card
Pen Drives, best designed. By offering gifts to your prevailing
customers, you can make sure that they will recall your brand, products and
services. The main aim is that client must recognize you every time they see
your gift that is why card pen drives that are customized are best way to
achieve that.
Casserole sets: It is
for setting a table, serving food and dining. It includes cutlery and serving dishes and
other useful items for practical as well as decorative purposes. It is in trend
and a very good idea for the firms to invest in corporate gifting.
Air fryer: Air
fryers are very popular now-a-days. It is a kitchen
appliance that cooks
by circulating hot air around the food. This can be
ideally used in household items and now became a trend, so if any company
adopts such innovative ideas for gifting, it will surely give them long term
benefit
Conclusion:
These all are the factors to determine unique corporate gifts. Keeping these points in mind, one can identify the unique corporate gifts for the corporate, instituitions and employees etc.
These all are the factors to determine unique corporate gifts. Keeping these points in mind, one can identify the unique corporate gifts for the corporate, instituitions and employees etc.
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