Matthew in Action

Twitter

Promotional Product Strategy
Tuesday
Aug112009

The WHAT WHY HOW to a successful campaign

Today's blog is about having the right answers for a successful promotional campaign. The reason why I have framed it this way is that I believe we often ask the wrong questions and hence get the correct answers to the wrong questions. The important questions to answer are:

1) When do you need it?
2) Who is your target?
3) How many of your target do you wish to hit?
4) What is the dollar amount you wish to spend per target?
5) How long of a tail to the promotion do you require?


When do you need it?
The “Just In Time” management might work well in many forms of procurement, but generally doesn't work well for promotional products. You can save anywhere between 30-50% by extending the lead time on items like Headwear, Stubby Coolers and Bags. You also get greater choice with more time and the ability to custom produce an item for a truly unique effect. By organising well ahead of time you also allow your promotional supplier time to cultivate better ideas.

Who is your target audience?
The more specific your target the more effective the promotion can be. The promo also needs to be AUDIENCE APPROPRIATE - a travel wallet may be good for an executive who travels a lot but not much use for a local concreter. By using a particular product or industry centred message, the promo will be more valued by your client. A good example is below, this company (The Construction Store) used a favoured industrial promo (stubby coolers) and gave it an industry type slogan - this creates an emotional tie-in with the client.

 

 


Quantity - how many people do you want to touch?

Tied in with your total budget, the quantity will affect how wide spread the promotion is. This also helps in selecting a product, some products are not cost effective in low quantities.

$ per unit/customer

Knowing the dollar amount per customer/target is important as this helps frame the promotion. In a niche market, or with a high value client, a higher dollar value product like Callaway golf clubs might be applicable. Alternatively at a trade show where you're prospecting, you would use low cost items like pens, stress items etc, where you expect a lower rate of return. This differs from a sales bait where the cost of the promotion is generally a percentage of the item you are selling.

How long of a tail do you want on the promotion?
The term tail is used for the length of effectiveness of the promotion. Sometimes for cost effectiveness it is better to go for a short term tail, the strategy here is to get your message out as cheaply and quickly as possible (a low-end plastic pen is a typical example). Longer tail promotions will last for months or years (e.g. coffee mugs), this is where you will get better value on your Cost Per Impression (see previous blog) but the initial outlay is higher.

My next blog will be on how to make your promotion unique.

If you wish to sign up to receive these blogposts automatically please email me at mbywater@4promote.com.au