The fact is that everybody loves free stuff. They tend to love it even more if it’s useful, unique and has value. If managed properly, promotional imprinted products are a great way to keep your name, message and look in front of your best customers and prospects. It’s critical to be “top of mind” when those interested buyers are ready to buy. Here are a few things to think about when assessing the validity, approach and best practices of including promotional products in your marketing mix:
1. Once you’ve got them…don’t hoard them! They don’t do anyone any good when they are securely locked in the hallway closet.
2. On average, promotional items are viewed by a lot more people than just the recipient. Make sure appropriate contact information is on them.
3. Just like any other marketing tactic, understand how and why these items fit into your overall strategy. What are your expectations? What is your goal?
One of the most common objections to promotional products has been the thought that they are just an expense and it’s very hard to establish a concrete ROI to using them. And while it’s true that there are probably other more measurable tactics, recent research results begin to refute this notion. The following are some interesting findings from a survey conducted by The Advertising Specialty Institute:
• 84% of end-users can name the advertisers on the items they receive
• 62% have done business with the advertiser AFTER receiving the item
• 42% of respondents had a MORE favorable impression of an advertiser after receiving the item
• 24% said they are MORE LIKELY to do business with the advertiser on the items they receive
• 81% of the items were kept because they were considered useful
• On average, end-users keep products for 7 months
• The average cost-per-impression (CPI) of a promotional product is $0.004
The last point is potentially the most significant. The CPI for advertising specialties beats all forms of media (except billboards). Recent studies have shown that using custom printed promotional items have the lowest CPI over television, radio, newspaper, and sometimes even billboard ads. (see above graphic)
Compare and contrast CPI’s of other major media*:
• Prime time TV = $0.019 • Sports radio= $0.005
• Syndicated TV = $0.006 • Newspaper ad (1/2 page B&W) = $0.019
• Cable TV = $0.007 • Billboard (city/national) = $0.003
• National magazine = $0.033
The bottom line is that promotional products can be one of the most effective forms of marketing. They are a tangible, useful and cost-effective way to touch your most valuable prospects, and, now, are proven to get results. As with any other marketing tactic, they aren’t a magic solution, but used in conjunction with other marketing communication strategies, they can play a critical role in the success of any campaign.
* Source: The Nielsen Company