HOW DO YOU CHOOSE A PROMOTIONAL PRODUCT?
When deciding what your organization wants to use for a
promotional product, there are typically four things to
keep in mind.
Target Demographic
Who do you intend to reach as a result of your promotion?
A cheap frisbee probably wouldn't be a good choice to let
people know about the grand opening of a Rolex dealer. However,
if your a handyman or a home warranty company, a branded
tape measure or hammer could get people to think of your
company at exactly the time when they're likely to need
your help.
Price
The cost of your target promotional product should be somewhat
determined by the amount of profit you expect to generate
from each sale. 3-5% of your profit is a standard range
for a good promotional product. If you're a realtor who
makes $8,000-20,000 per deal, you may be able to give clients
a $200 custom engraved bottle of wine, or a custom engraved
crystal vase that will never be tossed aside. But if you
own a service station where the average profit per deal
is $100, maybe a good promotional product for you is a key
chain or air freshener with your company's logo and contact
information. While it's true that you've got to spend money
to make money, it's important to keep the cost of your gifts
in proportion to the profit you intend to make.
Campaign
It's usually a good idea to choose a promotional product
that is consistent with the image, slogan, or philosophy
of your business. Although this is generally the norm, sometimes
it is effective to choose a product that is in stark contrast
to your product or service, simply to emphasize why your
company is important to your customers.
Distribution
The size and shape of your promotional products set limitations
on they way you intend to distribute them. Light weight,
thin items like pens, magnets and calendars can be bulk
mailed to pre qualified leads. Larger, bulkier items like
apparel and mugs can be handed out at trade shows and sales
conventions. Expensive items like technology items and watches
should be hand-delivered or sent via insured mail. It's
important to design the promotional product so that its
manner of distribution will be simple, convenient, and appreciated
by the people you intend to reach.
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