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Tuesday, July 21, 2009

Finding new marketing ideas

Sometimes, the old methods are still the best way to go when it comes to building a business. In an ever competitive business world, this can often mean using promotional items to entice potential customers to become definite customers. The problem, of course, is you need to find some good "schwag" to entice them.

Promotional materials have been used by businesses for as long as one can remember. On the cheesy end of the marketing stick, you see them used in infomercials. You know, "…but that’s not all. You’ll get these handy, dandy knives plus…for only $19.99." You may laugh at these infomercials, but you would be wrong to do so. Why? They work.

Moving farther up the marketing scale, we find that promotional items are used all the time with "nicer" products. We often just don’t realize it. Consider a magazine like Sports Illustrated. How do they drive sales? They offer tote bags, clock radios, magazines customized to specific teams and so on if you will only subscribe for a year or two. Again, they wouldn’t be doing it if it didn’t work.

If you have a business, you need to think about using promotional items to entice your potential clientele. The problem most businesses run into is figuring out what promotional items to use. Many in the industry refer to these items as "schwag". So, what schwag should you use?

Schwag comes in unique and run of the mill forms. We’ve all seen the coffee cups, pens, note pads, hats, shirts and so on with company names on them. This is run of the mill schwag. Since it is not unique, the chances of it having a positive effect on prospects is nominal.

Unique schwag is a much better choice. Unique makes you stick out. Sticking out makes people remember you. So, how do you find unique schwag? Avoid the "promotional companies." Instead, look for companies that produce a real product that also happen to private label it.

Also, focus on companies making products that are associated with your business niche. Nomad Journals makes a great travel journal that is available for private labeling. If you have a travel agency or other travel related company, it would make a tremendous promotional gift.

What if you have a "dry" profession? What could a lawyer, for instance, give away that their clients would enjoy. How about a free "lawyer jokes" book? It would definitely set you apart from other lawyers and probably make your client feel a bit better. A happy client results in referrals.

Whatever your business area, promotional items can make all the difference between success and failure. Take the time to consider the possibilities. You’ll be surprised how big a difference they can make to your bottom line.

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