Why You Need PROMO Products During A Recession K1

The financial slump and impending economic recession has taken its toll on the global business and marketing. Most firms are showing a dismal outlook and looking out for cost-saving tactics and restraints in all business areas. Marketing and advertising is no exception and has been badly hit with reduced budgets and expenditures.

However, one needs to get into guerrilla marketing and promotional strategies to beat the impact of recession. If most of your competitors are on a withdrawal trend, you need to take the anti-cyclical route which should be a strategic enough to fetch increased return on investment in future. In the event of a receding economy, keep your advertising budget steady if not on an increasing trend, to enhance your visibility, sales and market share.

A normal or booming economy, every company increases its advertising and promotional budgets, there is a barrage of advertising exposure, and as a result the consumer pays less attention to any of your efforts. Also, due to increased demand, advertising prices are also on the peak. You end up with huge advertising expenditures and less than expected returns. When we apply the same fundamentals to an economy in depression, you get favorable advertising prices and better awareness of your marketing campaigns, as your competitors are lying low. The bottom-line is that you make more profits out of low investments. In other words, returns are higher from low input and more output.

Promotional products are a great way of getting consumer’s awareness and attention to your company. In comparison to other advertising media - TV, print and Internet; promo items are rated highest on advertising impression and appeal and tend to have the greatest acceptance quotient amongst consumers.

Promo products have the attribute of being on top of the consumer’s mind, reason being that the consumers appreciate getting these products and each time they confront the item they are reminded of the campaign. They can help reduce your marketing expenses and yet aid in motivating and gratifying your important business partners, your employees and customers; with tangible and practical products which they like and wish to associate with you and your advertising message.

Promotional products are gaining popularity as the most cost-effective advertising tool and the fastest growing advertising medium. You can choose from a diverse list of promo items such as calendars, which are bound to stay with the consumer for the whole year and would be a constant reminder of your company and advertising message. Other products such as key rings for the house, work or car, can also leave long lasting impressions on the consumer’s mind. Ecologically biodegradable items such as bags, writing pads and the like would also be good options.

In a nutshell, even though the economy is struggling and companies are constraining their advertising expenditures, promotional items still prove to be the most likable and cost efficient method to reach out your business and marketing message to the target consumer. Anti-cyclical way of advertising through promo products has the potential to get you better returns on investment. So, go right ahead and sail through the rough times by availing of the promotional product advertising.
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