While you know how to chart your course to success in the promotional industry, and what milestones to achieve along the way, have you also considered the pitfalls? For every way there is of getting it right, there are several ways it can go wrong as well!
Businesses must pay heed to the most common oversights that can be avoided through careful strategy implementation:
- The tardy marketer: In the world of marketing the one who leads or sets a trend is the one who is remembered—both by the end consumer and the competition. It’s no good to keep following in the footsteps of others. If you’re not first, then you’re not there! You don’t want to enter the market when it is already saturated with the product, or when it has lost its appeal with the audiences. A trendsetter is what the market wants and loves. What’s more, as trends change fast, keeping up with them is a true sign of a winner.
- The mindset of a winner or a laggard: A business must provide what the audiences are looking for. If a business refuses to change its approach and strategy, it loses touch with the pulse of the market, and that is suicidal! Staying alert to what the trends show is how you can be a trendsetter and stay ahead of the competition.
- Failing to identify your target audience: Have you committed this crime before? It wouldn’t be surprising if the answer is a ‘yes’ because several companies do. Who should you target?—the answer is those who love your brand and look forward to your offerings. A second consideration should be people who would love the promotional product you are considering.
- Failing to set yourself apart: Often businesses just go through the motions when it comes to giving out business gifts, without stopping to consider what is their unique identity, what sets them apart from their competitors. It is this unique message that must be conveyed to the customers in order to convince them to take your product over and above others’.
- Compromising on quality: Your logo goes on a promotional items and becomes a mouthpiece of your brand name and quality. It’s a message carrier—your message. So you can’t be careful enough when it comes to the quality of the promotional giveaway you’re using for your advertising campaign.