It is significant to let your clients and partners know their value in your business. You have to convince these people or at least be in their good graces. A smooth and fair dealing is the best way to do that. And to represent your good working relationship, give them executive gifts.
Executive gifts are those extra special presents that firms present to their clients, partners, and stockholders. They cost definitely a lot more than mass-produced promotional products like free pens, potholders, fridge magnets, and notepads for customers.
The difference between executive gifts and promotional gifts, aside from the cost, is their intended use. The former aims to reinforce the company’s relationship with its fundamental participants, letting them know that their role in the company’s success is greatly appreciated. Promo gifts, meanwhile, advertise the company label and entice consumers to purchase their products. As its name suggests, promo gifts are intended for promotion and marketing of the business.
If a free ballpoint pen for every purchase of a notebook may work for the buyers of a company that produces notebooks, it will be completely tasteless to present to the same business‘ associates and partners. A more acceptable token perhaps is a personalized Cross fountain pen or anything that has more value, such as crystalware, cufflinks, and wine accessories for their spirit enthusiast clients. Other gifts that are also viewed as appropriate for executives include leather products and high grade stone creations.
Executive gifts also function as the company’s top grade branding as they normally bear the company logo. Clients incline to link a business with the presents it gives them. They will view the company as insignificant if the gift is immaterial as well.
A company’s key players are naturally used to choice and high grade items. They not only deserve it, they also expect it. To give them something of lesser value is tantamount to disregarding their lifestyle and preference. The clients may not just use or pay attention to the gift, but they may also consider it as an insult to their character.
How a company gives can reflect its own image. Add some value into the gifts for your key players as they reflect how you value your partnership also. Invest in tasteful executive gifts for your affiliates to strengthen the company’s elite status.
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