Make Sense of Your ROI with Corporate Gifting
Getting the best ROI on a corporate gift is more about being impressive than being lavish. Finding the right blend of theme, function and practicality is essential to the longevity of your investment. Budgets can vary depending on the business and the event, but having a smaller budget doesn’t mean you can’t deliver an impressive gift.
Redefine “Impressive” in your mind
When it comes to small business branding, being impressive is about conveying the right message about your brand, in a memorable, valuable way. If you’re in the business of growing other businesses, this may mean a “growth” themed gift. Perhaps piggy banks for a neighborhood retail bank, or custom sandals for an award trip in the Bahamas. Whatever is at the core of your brand’s story, must be at the core of your gift – if you want to leave that impression.
Pass Factor – pass it on, pass it by
The ultimate client gift will stay in your client’s pocket from this day until his last day. In reality though, your gift could be passed on to an underling or family member or worst-case-scenario passed straight into the trash. Cut through may mean choosing a gift that will be used in the client’s presence – maybe a new favourite toy for his toddler or a handy piece of office equipment for his assistant. If you’re gifting big clients who will be getting some serious presents from their suppliers, it might be worth focusing on a different space, rather than pocket or desktop.
Creating cut through in a digital world
Cut through has always been the number one challenge of advertisers. In the digital age, your clients are bombarded with messages every time they sit at their desk – TV and billboards have nothing on internet marketing. So how do you cut
- Choose quirky, creative or useful corporate gifts – nothing that goes straight in a draw
- Choose something that inspires conversation or curiosity
- Deliver in person or choose something that makes a “wow” impression on arrival
- Choose something that is easily photographed and shared on social platforms
- Choose something that is personal and reflects an experience shared with the client
Measuring return on your corporate gift investment isn’t as simple as measuring an email marketing campaign or other quantifiable, traceable marketing activity. The whole concept of the gift is to give without expectation of a return – so how do you measure that ROI anyway?
- Repeat custom of recipients’ vs clients who don’t receive a gift
- Content and social edge generated by clients receiving the gift
- Claim via a unique QR Code or tagged URL
- Give to the decision maker but don’t forget the gate keeper. A little gift for the receptionist can go a long, long way.
- Asking them! Use the gift as an excuse to make that next contact and ask them to tell you what they thought in their own words. Are these comments valuable to your branding position?
You don’t need to spend a fortune on an annual gift for your clients. Getting great ROI on corporate gifts is possible, you simply need to inject a little brand personality and a dash of creativity in order to stand out from the rest.
Acts of kindness and generosity can go a long way for great returns! The great Gary V explains: