David Blaise, an industry consultant, probably sums it up the best when he says, “Nothing beats promotional items for getting a targeted message to a designated recipient on a repetitive basis”. The key part of this statement is “on a repetitive basis.” This fundamental benefit of promotional items is probably the most overlooked and misunderstood factor in the promotional product buying decision.
Mistake #1 – Buying “Throwaways”
Just imagine... billions of dollars are wasted every year as most exhibitors only get a fraction of the return on investment. Why? Because they spend their money on trade show giveaways and not repetitive message senders.
Go through the entire process (as best you can in your
mind) and jot down notes along the way. Think about the
setup process, what materials you'll need on hand, what
kind of inquiries you might get, how you'll manage your
leads, etc. When you've done all that, it's time to gather
the team and start filling in the blanks.
If your prospect has a re-usable product, your company gets seen over and over again.
The result? Your cost per impression goes down and your return on investment goes up. Retention is the key to maximizing effectiveness.
Get in your prospects’ houses, on their desks, in their briefcases, on their backs, and in their drawers. Every day items have the greatest return.
Mistake #2 – Not Qualifying Recipients
It would be a simple world for you as an exhibitor if every person walking the show floor was a buyer of your product or service. The unfortunate reality is that this is not the case. So who are your “qualified” leads? Qualified recipients are the decision makers who have a need for your product or service.
Here’s a common scene at trade shows. Companies simply put out their promotional items for everyone to stop by and pick up. The result? They waste a ton of money that will never bring them a return.
Do yourself a favor; do not waste valuable
time talking to unqualified leads who are talking to you
solely to add to their overflowing bag of “free
stuff.”
Mistake #3 – Forgetting
About Existing Customers
When most exhibitors think of promotional items and trade
shows, they think of using them for one reason - using
them to drive booth traffic. But I must let you in on
a secret; most are overlooking one of the most powerful
uses of promotional items, building customer loyalty through
customer gifts. The bottom line is this... Some of your
budget must be used for customer retention.
What do you think is the number one reason customers
leave their current supplier? Price? Nope. Service? Nope.
It
is the feeling that their business is no longer appreciated.
You see not only do promotional customer gifts have
the effect of the initial “thank you,” but also
the product itself has staying power and reminds them
of your appreciation over and over. Picture it like this.
Your gift subconsciously says “thank you” every
time it is used. That is the power of re-useable promotional
items.
Mistake #4 – Buying Items
Based on Price
We have all been there for dreaded budget
cuts. However, the problem is when people “cheapen” their
search when the budget is cut. Let me be more specific.
If you have $1.00 to spend, you should be buying the highest
quality item you can buy for a dollar. Do not buy the
cheaper version of a better quality item.
Don’t forget; every product made
has a high end and a low end. When looking for promotional
products to
purchase for trade shows, you should be able to notice
the difference. But the choice may not be as obvious
as you think.
You can’t take for granted that just because an
item costs more than another that it is better quality
- that it’s more durable - or that it will last
longer.
For instance, have you ever had a travel
mug that leaks or a promotional pen that does not write?
It
is possible
to spend a bit more on an item and still get a piece
of junk. The solution is this: Do not buy cheap
in a product
class.
There are three more mistakes you want
to avoid when choosing and purchasing promotional items
for your trade show.
Mistake #5 – Ordering
Late
So what portion of your overall responsibility
includes purchasing trade show promotional products? One
percent or less? This is probably the reason why so many
buyers find themselves ordering late and paying for rush
service and overnight shipping.
Think about this - every promotional
product sold is customized. Unlike retail products, these
products aren’t just
taken off shelves and shipped. The reality is that they
require time to produce.
So what should you expect when it comes
to timing? Well to start, you should figure on the art
preparation (1
to 2 days) the production (standard 5 to 10 days)
and the shipping (ground 1 to 5 days).
Here’s the worst part.
If you think paying through the nose
to rush an order is your biggest problem, guess again!
The fact is
that rush orders have twice the risk of creating
much bigger
problems. Imagine getting the wrong product, having
a misprint, or even missing a delivery in time for
the show.
Mistake #6 – The Show is Over – Or
is it?
You know the feeling at the final hour,
right? Phewfff…If you are like most
exhibitors, you pack up your booth and wait until the
next show to market again. But here’s the truth
- companies that get the best results will market continuously
to the contacts they met at the show until the start
of the next show the following year.
If you think it’s nothing, think
again. The most successful exhibitors continue to build
on their original
presentation with consistent follow up.
Whether you are going to call, postcard,
mail a catalog, or set up an appointment, it is important
to keep the
leads warm. And there is no denying that the continuous
exposure of promotional items will help.
Mistake #7 – One Size
Does Not Fit All
If you’re giving customer gifts
at your show, you need to carry different levels of customer
gifts to give to different customers.
Think about it this way. Say you get
80% of your business from 20% of your customers. Don’t you think those
20% deserve the most of your attention and appreciation?
I can’t stress this enough. You need to give that
20% something fitting for their contribution to your
success.
Think and plan ahead to reward your
best customers with
something that will make them feel appreciated. There
are plenty of higher end executive gifts that come
in small quantities.
Now keep in mind, for the average customer
it may not be important to spend a lot, but it is still
important
to give them something nice. Remember, they are
still your customers and this is a great way to secure
their
loyalty. And don’t forget... your competition is
likely lurking somewhere around the same show looking
for an opportunity to gain your old business.
RJ Williams is the owner of PoorRichardsPromos.com. Trusted by more trade show vendors for quality trade show giveaways and corporate gifts. Wise buyers save 5% on every order & get a free sample credit. Become a Wise Buyer and receive a full version of this report, free sample credit, and 5% Off every order for life.