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Wallets and purses are everyday tools that most people use to organize their money and carry their items. When used for promotional means, these versatile products can provide a much needed function for customers, as well spread awareness of your company. Therefore, wallets and purses can be an effective means of marketing your business to your customers.
When to Use Promotional Purses and Wallets
The main purpose of promotional purses and wallets is to market your company, spread brand awareness, and attract customers. However, companies can achieve this goal in a number of ways:
Giveaways: If your company decides to hold a contest, giveaways or promotion for its customers, promotional wallets and purses can function as winnings for your events. In addition to serving as a desirable prize, promotional wallets and purses can be an effective way of spreading awareness of your business to your audience.
Awards: Promotional wallets and purses can also be used as awards during holidays or special occasions. By embossing a well-designed logo on a quality product, promotional items can be used as souvenirs, handouts, or gifts to valued employees.
Tradeshows: If your company occupies a booth at a tradeshow or convention, it may want to offer promotional items to attract visitors. Promotional purses and wallets are a valuable way to draw visitors by creating interest and demand.
Loyalty Incentives: For loyal customers that frequently patronize your business, a promotional purse or wallet can be an effective way of showing your gratitude. One way to foster loyalty is to create a rewards program that gives consumers prizes according to how much they purchase. Customers will appreciate high quality goods, and will be inclined to visit the business again.
Special Deals: Promotional items can also be used to give the customers incentive to purchase more from your business. Instead of offering on item on sale, companies can offer two items along with a promotional wallet or purse. By creating bundle offers and deals, companies can use promotional items as a way of generating profit and revenue.
What to Consider Before Purchasing
Style: There are a variety of wallets and purses available, distinctive based on type, material, and size. Consumers can choose from bi-fold, tri-fold and checkbook wallets for their promotional needs, while purses are available as totes, bags or satchels. Material for wallets and purses can range from leather, nylon, cotton and denim.
Distribution: Prior to purchasing large quantities of promotional items, you should first consider the different aspects of your target audience. Some important questions include: what niche your market occupies, what demographics your market consist of and the size of your audience. By conducting preliminary market research, companies can determine exactly how much promotional goods they should order.
The price of promotional goods will be influenced by the various details of the purse or wallet, such as the material and the size. Goods made with high quality goods, imprinted with highly detailed logos and customized details can rack up a fairly high cost. However, before making an investment in promotional goods, companies should ensure that they are well worth the price.
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