It can be challenging for a small or medium-sized enterprise (SME) business to stand out in a crowded market. Getting the attention of potential consumers and generating leads can be difficult with limited resources and marketing budgets.
However, one effective marketing strategy that SME businesses can utilize is the use of promotional products.
By using branded merchandise to promote their business, SMEs can differentiate themselves from competitors and create a lasting impression on potential customers.
Most SMEs use a promotional products supplier to create and distribute customized items such as pens, hats, t-shirts, and other merchandise as a way to promote their brand and increase visibility among potential customers.
These promotional products are often given away at events, as gifts to clients or customers, or used as part of a larger marketing campaign.
By working with a promotional products supplier, SMEs can ensure that their branded merchandise is of high quality and effectively represents their brand identity.
What are Promotional Products?
Promotional products are items that feature a company’s logo, branding, or messaging, and are distributed to customers or potential customers for the purpose of promoting the business.
These products can range from practical items like pens and tote bags to more unique products like tech accessories or custom-shaped stress balls.
How can promotional products help SME businesses stand out?
Create Brand Recognition
One of the key benefits of promotional products is their ability to create brand recognition. By distributing items with a company’s logo or branding, SMEs can increase their visibility and make their brand more memorable.
For example, a potential customer who receives a branded pen may be more likely to remember the company and consider doing business with them in the future.
In this way, promotional products can help SME businesses stand out from competitors who may not be utilizing this marketing strategy.
Create a Positive Association with the Brand
Another benefit of promotional products is their ability to create a memorable impression on potential customers. According to a survey by the Promotional Products Association International, 83% of consumers are more likely to do business with a brand after receiving a promotional product.
This suggests that by providing customers with branded merchandise, SME businesses can create a positive association with their brand and increase the likelihood of future business.
In addition to creating brand recognition and a positive association with the brand, promotional products can also be used to incentivize purchases and drive sales.
For example, offering a free branded tote bag with a purchase over a certain amount can encourage customers to spend more and feel like they’re getting something extra for their money.
This type of promotion can also create a sense of urgency, as customers may feel like they need to make a purchase before the promotion ends.
In addition to their ability to create brand recognition and drive sales, promotional products can also be a cost-effective marketing strategy for SME businesses.
Promotional products have the potential to offer a high ROI (return on investment) at a relatively low cost when compared to other marketing channels like print or digital advertising.
Research indicates that promotional products offer the most cost-effective way to make an impression compared to any other advertising method. Therefore, they can be an ideal choice for companies operating on a tight budget seeking effective marketing tactics.
Build Customer Loyalty
By providing customers with branded merchandise, SME businesses can show their appreciation for their support and create a sense of community among their customer base.
For example, offering exclusive branded merchandise to repeat customers can create a sense of exclusivity and encourage them to continue doing business with the company.
Promotional items can also be utilised to thank clients for recommendations or great reviews, further motivating them to spread the word about the company.
Support Other Marketing Efforts
Promotional products can also be used to support other marketing efforts, such as events or trade shows. By providing attendees with branded merchandise, SME businesses can increase their visibility at the event and create a lasting impression on potential customers.
For example, providing attendees with branded tote bags or t-shirts can not only promote the business but also provide attendees with a useful item that they can use long after the event has ended.
What are the steps to choose the right promotional products?
- Define your target audience: Determine who your target audience is, and what kind of products they would be interested in. This will help you select promotional products that are relevant and useful to your customers.
- Set your budget: Determine how much you are willing to spend on promotional products. This will assist you in reducing your selections and making cost-effective and affordable product choices.
- Align with your brand: Choose promotional products that align with your brand and messaging. This will help reinforce your brand identity and increase brand recognition.
- Consider the event: Consider the event or occasion for which you are ordering promotional products. Choose products that are appropriate for the event and reflect the theme.
- Choose practical products: Choose products that are useful and practical to your customers. This will increase the chances of your promotional products being used, and your brand being remembered.
- Quality of the product: Choose high-quality products that reflect positively on your brand. This will raise the product’s perceived worth and improve the likelihood that it will be used for a longer period of time.
- Design and customization: Choose a design and customization that stands out and is eye-catching. As a result, your brand will become more well-known and memorable to your target market.