• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Decoding Promotional Products Industry
 

Decoding Promotional Products Industry

on

  • 282 views

Promo Direct has launched a comprehensive whitepaper on the promotional product industry. titled “Decoding the Promotional Products Industry”, this document is an engaging read and provides ...

Promo Direct has launched a comprehensive whitepaper on the promotional product industry. titled “Decoding the Promotional Products Industry”, this document is an engaging read and provides exciting insights.

Statistics

Views

Total Views
282
Views on SlideShare
282
Embed Views
0

Actions

Likes
1
Downloads
9
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Decoding Promotional Products Industry Decoding Promotional Products Industry Document Transcript

    • Decoding the Promotional Products Industry Promotional Products Logo Apparel Business Gifts Marketing Materials www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • Index 1. Promotional Products: A Genesis 2. Promotional Products Association International (PPAI) 3. How does the promotional industry work? 4. What are promotional products used for? 5. Who buys promotional products? 6. Tips for choosing a promotional product 7. Why business owners prefer promotional products over other advertising media? 8. When should you give away promotional 9. The most successful product categories products? 10. The items customers love to receive! 11. Conclusion 12. References www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • Promotional Products: A Genesis Barack Obama's 2012 Presidential Campaign deployed an arsenal of promotional products to get his message across to American citizens. Car magnets, stickers, bands and t-shirts are some of the promotional products that were used to highlight his campaign. A dedicated site (https://store.barackobama.com) allowed visitors to browse a purchase political merchandise. browse and h t t Obama, however, wasn’t the first President to use promotional prodthe first President o ucts. The reliance on promotional giveaways is a practice that dates back to the first American President – close to 300 years ago. In 1789, supporters of George Washington – the Father of the Nation – handed out attractive commemorative brass buttons when he was successfully elected as President. The buttons displayed the message: “GW: Long Live The President”. These buttons caught the fancy of several entrepreneurs – they realized that products could be customized and deployed as marketing tools for business growth. As a result, the 1800s witnessed the introduction of advertising calendars, wooden specialties and the Farm- www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • Jasper Meeks: The Revolutionary Jasper Meeks is regarded by many to be the Father of the modern promotional industry. In the late 1800s, he convinced a local shoe store to imprint their name on school bags and supply them to needy children. This triggered a promotional frenzy and several other businesses started imprinting their names on anything they could lay their hands on – calendars, caps, fans and even aprons! Thus, the late 1800s became the launching pad for the promotional industry as it is known today. www.promodirect.com info@promodirect.com Call: 1-800-748-6150
    • Promotional Products Association International (PPAI) By 1903, America was host to a number of promotional products manufacturers. But they lived in difficult times and business was mostly unpredictable. They needed a common platform to boost the perceived value of promotional products to achieve buyers' objectives. On November 20, 1903, a group of 12 manufacturers got together to form the Promotional Products Association International (PPAI). Ever since its inception, PPAI has been highlighting the use of promotional products as an advertising medium across the world and especially in the United States. Some interesting facts about PPAI: Since 1903, PPAI has undertaken more research and surveys than any other entity in the promotional industry. PPAI Research is renowned for its valuable insights and surveys on the industry PPAI regularly felicitates the industry’s top performers with awards for categories such as customer service, creativity and ingenuity PPAI is responsible for the PPAI Expo, the industry’s biggest and most relevant tradeshow that attracts thousands of people from the USA and across the globe www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • PPAI Publications serves as the leading communication network for the promotional industry. PPAI is behind several renowned magazines such as Promotional Consultant Today and PPB Newslink www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • How does the promotional industry work? The promotional products industry is powered by an efficient supply chain that has the manufacturer as the starting point and the buyer at the end. Sandwiched between these two are the industry’s most important entities – the Suppliers and the Distributors. The Suppliers source the promotional products from the manufacturers and make them available to Distributors. The distributors, in turn, offer these products to business owners or individuals. The arrival of Internet several decades ago resulted in a fierce battle online between Distributors for customer supremacy. As a result, several websites offer fabulous deals and discounts on products and shipping. Today, an individual can place a bulk order for promotional products from the comforts of home itself with the products being delivered to their doorsteps. 1 Buyer 3 2 Distributor Supplier 1. The buyer visits the Distributor's website and places an order for a product. He provides a logo and/or message for imprint on the product. 2. The Distributor gets the artwork ready and provides it to the supplier who imprints it on the product. 3. The order is finally shipped out from the supplier's warehouse. www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • What are promotional products used for? Promotional products are primarily used to highlight a product, service, cause or an individual. This is achieved by giving away business gifts, awards, prizes, commemoratives and other imprinted or decorated items. The 2009 PPAI Program Category Study lists the following as the Top 10 Uses for promotional products: 1. Brand Awareness 2. Tradeshows 3. New Customer/Account Generation 4. Dealer/Distributor Programs 5. Public Relations 6. Employee Relations & Events 7. Not-For-Profit Programs 8. New Product/Service Introduction 9. Employee Service Awards 10. Customer Referrals www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • Who buys promotional products? Hundreds of American firms and institutions place bulk orders for personalized products each day. They imprint their logo or message on products and distribute them among their target audience, whether its customers, students, employees or the general public. A 2007 survey by PPAI sheds some light on the Top 10 buyers of promotional products: 1. Education: Schools, Colleges, Universities 2. Financial: Banks, Savings & Loan Companies, Credit Unions 3. Not-for-Profit Organizations 4. Health Care: Hospitals, Nursing Homes, Clinics 5. Construction: Building Trades, Building Supplies 6. Trade, Professional Associations and Civic Clubs 7. Real Estate: Agents, Title Companies, Appraisers 8. Government: Public Offices, Agencies, Political Candidates 9. Professional: Doctors, Lawyers, CPAs, Architects 10. Restaurants and bars Which sector do you belong to? www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • Tips for choosing a promotional product The process for choosing a promotional product is an art and requires attention to detail. There are thousands of products available online and it is important to choose one that matches the advertiser’s branding requirements best. When an advertiser searches for a product, he will be keen on the imprint area, which is the space where the text or logo is printed on promotional products. An imprint area’s dimensions primarily depend on the size of the product. If you are placing an order online, share your logo with the Distributor’s design team and ask them to provide a sample to judge how well your logo will look on a product. You should finalize a product only after you are satisfied with the way your logo is projected. A survey conducted by PPA on recipients of promotional products shed some light on what people look out for while choosing a promotional product: 1. Usefulness: How useful is this giveaway? For example, a pen, clock or calendar can be put to great use by recipients. 2. Quality: Is the product high in quality? Will it stand the test of time? For example, a set of elegant wine glasses will efficiently attract your customer to the brand. 3. Attractiveness: How appealing does the product look? An visually t-shirt or pen easily endears itself to recipients and they will use it for long, giving your brand valuable visibility. www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • 4. Tastefulness: The product should be in good taste and not offending the recipient’s sensibilities in any manner. Stay away from products with vulgar overtones. 5. Convenience: How convenient is the product to use? 6. Uniqueness: Is your product unique or is it similar to other products given by competitors? 7. Longevity: Will your product serve the recipient for a long time? The below graph provides the results of the survey: 100 98.30% 90 80 71.80% 70 60 61.50% 59.80% 45.40% 50 40.70% 40 28.20% 30 20 10 0 Usefulness Quality Attractiveness Tastefulness Convenience Uniqueness Longevity www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • Why business owners prefer promotional products over other advertising media? Advertisers believe in the power of promotional products and its ability to launch an effective and memorable marketing campaign. The final objective of advertisers is to establish a strong connect with their target audience. In a 2009 PPAI survey of buyers, participants ranked promotional products over other media such as TV, newspapers and the Internet. The different attributes that went in favor of promotional products are: 1. Cost flexibility: Most buyers will testify that the majority of promotional products are available in cost-efficient prices that fit within marketing budgets. 2. Long-term promotion: If the quality of the product is good, there is every chance a recipient will use it for a long period. This provides long-term brand recall at the cost of a single exposure. 3. Boost repeat business: Many companies believe that promotional products help them bond with their existing customers better, thus facilitating repeat business 4. Audience-friendliness: A promotional product - whether it’s a bag, pen or shirt - is mostly handy in nature and will not be considered a nuisance. 5. Traffic generation: Products can be given away to attract traffic at tradeshows, events and stores. www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • Some interesting PPAI facts: Reach: • 44% received a promotional product in the last 24 months Recall: • 89% could recall the name of the advertiser on a promotional product received in the previous 24 months Response: • 83% of respondents like receiving a promotional product with an advertising message • 48% would like to receive promotional products more often • 69% generally keep the promotional product if they have a use for it • 36% generally give the product to others if they have no use for it–ensuring additional exposure for the advertiser • 35% generally keep the product if they like the advertiser www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • When should you give away promotional products? There is no doubt that the holiday season presents an ideal opportunity for companies to give away some quality products to serve as reminders of their brand. However, products received by customers at the most unexpected times are the most effective. Here are some pointers on when to give away promotional products: 1. To mark an occasion associated with the business such as an anniversary or product/service launch. This way news about the product or services spreads far and wide 2. To thank customers for their business 3. To support community events, social causes, sport teams, and educational programs. 4. To recognize employees for their hard work and length of service to the company www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • The most successful product categories While choosing a giveaway, it will be useful to know the products that have been regularly sought by advertisers. A 2009 sales study undertaken by PPAI identifies Wearables (t-shirts, sweatshirts, caps, etc) as the most sought after category. Writing instruments, bags, calendars and drinkware follow in that order. 1. Wearables : . Port Authority® Scoop Neck Shirt Giles Cap 31.20% Hanes® ComfortSoft® Sport Shirt Ladies Silk Touch Piped Polo 2. Writing instruments . instrum um ments Storm Pen Easy Flow Gel Pen (Black Ink) Port&Company Zip Hooded Sweatshirt Reversible Sleeveless Tee 8.68% Bic® Clic Celeste Pen Canoodle Pen Bic® Brite Liner Grip
    • The items customers love to receive! Even though Wearables are the most successful category, they are a distant 3rd in the list of products customers love to receive. As part of a 2011 survey of recipients of promotional products conducted by PPAI Research, food items (chocolates, mints, etc.) were found to be the most desired items by customers. It is important that advertisers choose a product that will strike a chord with their customers. For this, it is important to be familiar with the promotional products that are most sought after by individuals. The top 10 products customers love to receive include: 1. 2. 3. 4. 5. Food items (chocolates, mints, etc.) Time-related giveaways (watches, clocks, calendar, etc.) Wearables (t-shirts, sweatshirts, caps, etc.) Writing instrument (pens, pencils, markers, highlighters, etc.) Electronics (mouse pads, flash drives, pouch for handheld devices, etc.) 6. Fun (toys, puzzles, stress relievers, etc.) 7. Healthcare (walking pedometers, first aid kits, exercising equipment, etc.) 8. Beauty (combs, manicure sets, etc.) 9. Compact items for personal use (wallets, money clips, etc.) 10. Tool kits 11. Bags, notebooks, briefcases 12. Others www.promodirect.com, info@promodirect.com Call: 1-800-748-6150
    • Conclusion With every passing year, the distribution of promotional products has grown by leap and bounds. As has been demonstrated by facts and figures in this whitepaper, there is no doubt that promotional products are eagerly looked forward to by customers. If you are on the lookout for an effective advertising product, you will do your brand a world of good by choosing a promotional product. At Promo Direct, we are committed to providing buyers with quality reference material on promotional products. If you have any queries on promotional products, do get in touch with our team. www.promodirect.com info@promodirect.com Call: 1-800-748-6150
    • References PPAI - High End, Low End: Which Promotional Products Work Best? A Study of Consumer and Buyer Reactions PPAI - The 2010 Estimate of Promotional Products Distributor Sales PPAI - Business Gift Practices PPAI - Effectiveness of Promotional Products As An Advertising Medium PPAI - 2010 Promotional Products Fact Sheet PPAI - Promotional Products: The Key Ingredient to Integrated Marketing http://www.trasa.net/public/index.cfm?fuseaction=articles.view&id=5352 http://www.nebs.ca/pdf/products/Using_promo_products.pdf www.promodirect.com, info@promodirect.com Call: 1-800-748-6150