It rained in Cleveland recently, and when I reached for my umbrella, I saw the logo on the fabric and had a flashback: I had worked for a company in the 1990s that had given out umbrellas to prospects at an annual association meeting — more than 20 years ago. So, what’s noteworthy about my old umbrella (besides the fact that I haven’t been umbrella shopping in a long time)?
Branded premiums and promotional products can be an extremely effective tactic in a smart marketing strategy. Here’s why you should be using branded premiums to market your business.
Why marketers use branded premiums. A branded premium is a specialty advertising item that bears a company’s name or logo. Look around your desk right now and you’ll likely find them everywhere: magnets, notepads, pens, coffee cups, jar openers, key fobs, bag clips and — yes — umbrellas.
Branded premiums help companies maintain top-of-mind awareness with clients and prospects. According to the Advertising Specialty Institute, branded promotional products are a $19.4 billion dollar industry and are used by virtually every business in America.
Branded premiums can be effective at trade shows, in direct mail campaigns and in sales presentations. But with thousands of options to choose from, it can be a challenge to decide which ones are right for your business.
Seven tips for choosing branded advertising premiums:
1. Match the premium to the value of the prospect. The size of the sales opportunity should drive your premium budget. Inexpensive items (pens and magnets) may be the right choice if you encounter hundreds of prospects in frequent face-to-face sales situations such as at community health fairs. But if you’re targeting C-suite executives, pens and magnets just won’t cut it. Spending $50 to $75 for a high-quality premium can be a good investment if you’re ordering a small quantity for an extremely targeted, well-qualified list of executive prospects.