Many people, businesses and companies dabble in offer gift items to earn more. They assume that if they would please their recipients, the recipients will in turn work harder or, if they are clients, give you more business. All these translate into extra earnings for you, which is indispensable. Your company's namesake is also strengthened, and your reputation spread. However, if you are receiving below or approximately the amount you spent, you must be doing something wrong.
Sometimes, companies splash out on extravagant gifts for almost everybody, from big time clients to one-time clients. This is very foolish indeed because one ought only to give at how much the client is giving to the company. If the client regularly brings in thousands of dollars to your company, then you had better be sure the gift is worth at least thousands of dollars to keep the client pleased! In the same way, although a thousand-dollar gift will please a hundred-dollar client indefinitely, the client has no means to reciprocate the same way for the company. Your company would then be losing about 900 dollars this season! You should only give as much as the client is worth to avoid shooting yourself on the foot. Remember; as businessmen, everything counts. Even up to the tiniest cent!
For laymen who bring in a couple of hundred dollars to your company yearly, it would be good if you could send them gifts worth at least fifty dollars. That way, you would still gain (as fifty is less than a couple of hundreds) and the gift would still be expensive enough to please them. For the smallest clients, you may send them gifts that are cheaper, yet relevant to your company. You do not want to neglect them as they probably form the largest client pool for your company. Usually, companies have only a few clients worth thousands of dollars, but many clients worth about fifty a year. If you remind smaller clients of your company, they would be happy to return again and again; which maximizes profit for you in the end!
If in doubt, you ought to send things that are cheap but worthwhile; you do not want to seem as if your company did not pay much attention to your client. For example, if a lingerie company sends lingerie to a male client (who has probably bought something from the company for his wife)-that would be gross mistake indeed! A better one would be in a form of a simple thank you card. That is much cheaper than lingerie, and much more appropriate. Order your gifts by bulk if possible to save costs, and if purchased via internet, you can shave even more costs off your expenses!
Whatever gift you choose, remember that they are there to say thank you and to help you earn more the following season. To make your presence even further rooted in the client's mind, send gifts related to your company! Either way, it should be viewed as a marketing strategy, and do be sure to review your sales the following season. If sales do not go up, review the gift-giving again!
Published by Albinus See
Graduate with a degree in fine arts. Experience in writing for online magazines and journals for 6 years. View profile
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