The two important aspects
which any business or organization has to consider in order to be successful
are; attracting customers and retaining them. In
this context, businesses often go in for brand building and brand
reinforcement strategies. The huge investments made for implementing these
activities would not be effective, unless supported by a strategic marketing plan.
Brand building depends, to a large extent, on how the products
or services of an organization are perceived by the consumers in
relation to those of its competitors in the same line of business. Also, brand
positioning is invariably better, if a brand is well ingrained in the minds of
the consumers. Hence, brand reinforcements hold special significance
in today's competitive market environment, where companies are trying
to outdo each other to garner customer attention and build loyalty
towards their brands. Business enterprises use different means and media to
achieve this objective. Though the print and electronic media continue to be
significant constituents of the media mix, the overwhelming increase
in the number of advertisements appearing in these media can lead
to the advertising messages inevitably losing their impact. Also,
advertisement breaks during programs on televisions are used as breaks by
the viewers for channel-hopping or running quick errands. According
to Johann Lindenberg, former head of Unilever, "These days, 70% of
TV spots sink without a trace."
With changing paradigms in advertising, the practice of giving
promotional products is increasingly being adopted as a mode for
prolonging brand promotions, i.e., publicizing products to new and existing
customers for repeat business. Promotional business gifts can make a
significant contribution towards the way customers perceive a brand. It
is being widely recognized by businesses that thoughtfully chosen
promotional gifts that suit the requirements of their target audience can
be used for effective brand positioning. The promotional products,
called variously as `promos', `giveaways' or `promotional gifts', are useful
and they carry the brand message in the form of a logo, a marketing
message or contact information. Over the years, `corporate gifts' or
`business gifts' have also become a part of the promos. However, the original
idea of branding, associated with the objective behind giving
promotional products, remains the same. |