Let us briefly touch the definition or rather the meaning of gifts before getting into the topic. Well, a gift is anything which is given to someone often with goodwill without taking any payment in return for the given item. The logic is simple. You buy a flower or a box of chocolates or maybe a kitten and give it to someone for free as a token of love friendship or maybe as a token of appreciation.
What Is Corporate Gift Giving?
Don’t get confused by the term. Let’s break it down. What does corporate mean? Corporate means something related to a large company or group. We already discussed giving gifts. So combining them, we get the meaning that corporate groups give gifts to their customers, clients, and employees. This is given as a token of appreciation. Most corporations give gifts to major clients. They also give a yearly or maybe a half-yearly gift regarding bonus or maybe a box of sweets to their employees.
Again the logic is very simple, as this act of random kindness helps cement the relationships the company has with its clients, customers, and employees. You may have experienced it as well. Your dad or your mom may have received a box of sweets during certain festivals from their respective companies.
Good Marketing Strategy
Well everyone can agree on this one thing that customized corporate gifts singapore giving is a great way of creating a sense of good value among your customers or clients. Giving gifts at certain occasions can strengthen the bond between the company and customers or clients. This helps them create a loyal client base that will keep coming back to the company as a sense of good value has been attached. Corporate gift giving is a subtle business.
There is no hard and fast rule that your business will boom once you include a gifted program but the chances are that the recipients of your gifts will remember you since you have extended your arm for a formation of a relationship. But wait! You have to understand the difference between incentive and gifts. The incentive is given as a sort of an award for completing a respective task. Whereas gift is given to people, who are not expecting a reward for a certain action. It is just a token of appreciation. A thorough research can be conducted, and a suitable gift may be chosen based on that research.
Reasons For Corporate Gift Giving
Still not convinced? Well here are some reasons to consider corporate gift giving:
- It helps in creating new relationships and strengthening old ones. It is an age-old fact in business that a person will only conduct business with you if they know, like and trust you. Giving gifts ensures it.
- Giving gifts keeps you fresh on your client’s mind. It is really important to keep yourself fresh in your client’s memory as they may turn to other companies if they don’t think about you much. Giving gifts can jog their memory of you.
- Sending out gifts to your customers and clients from online portals like http://www.sourcesg.com/ can strengthen your brand in the market. Whether you decide to gift expensive items or just simple token of appreciations clients are going to remember your brand if you make them think that you remember them.
Gift giving is an age-old art. It doesn’t matter whether it is a corporation or a personal endeavor gift giving is an art which is always appreciated and brings in good results.