Promotional Products Industry Overview - Part 2 Presented By: Joseph G. Scott, MAS VP – Scott & Associates, Inc. Develop a Marketing Plan Quantify Client Objectives Quantify the Client‟s Financial Benefit – LTV of Client Get Agreement on ROI Expectations Objectives + LTV + ROI = Client‟s Investment Discuss Meeting/Exceeding/Falling Short Determine Message & Call-To-Action Determine Media That Will Deliver the Message How/When Will the Results Be Measured? Is There A Mechanism to Process the Leads? Different Ways to Market Promotional Products Market Yourself First! Get to Meet as Many People as Possible <10 Words: What do you do for a living? Ask for Referrals “Lumpy Mail” Using Promotional Products Self-Promotion Pieces (hand „em out) Speak to End-Buyer Groups Volunteer First – The Business will Arrive Later Mobile Marketing (Text Messaging) + Promo.Products Strategic Marketing What are the client‟s objectives? Who makes up the Target Market? Where has the client been positioned by the market? Target Market research, data collection & analysis Competitive assessment Create marketing/advertising mix ROI and ROO „piggy-backing‟, follow-up, “round two” The role of Promotional Products OAR / MTV Objectives/Outcomes Analysis What do you want to have happen? Dollars, Patients What does the Objective mean to your bottom line? Return On Investment What kind of ROI do you want? OAR / MTV Message Why should anyone care your business exists? Target Who should get the Message? Vehicle How will the Message get to the Target? Marketing Our Media vs. Others Ours is a $16.6 Billion industry Advertisers buy more of our media than: We can engage all five senses: Consumer Magazines: $13.8 Billion Trade Magazines: $11.1 Billion Outdoor Advertising: $7.5 Billion Online Search: $6.6 Billion Touch – Weight or Texture Sight Sound – Sound Chip Smell – Scented Products Taste – Gimme Some Chocolate We Are Not An Interruption! We are Welcomed! Product Safety: Our Responsibility California Proposition 65 (Prop. 65) Consumer Product Safety Commission Lead Standards for Children‟s Products Container Security Supply Chain Management Polycarbonate? www.ppa.org Click on PPAI Prod Safety Logo Marketing to End-Buyers PPAI PR Committee – End-buyer Initiative Self-Promotions End-buyer shows “Lumpy” mail Web Research & Warm Calls Carry self-promo items and hand out What Do You Do For A Living? Specialized Promotional Programs Employee Service Safety Sales Process Improvement Six Sigma Distributor Purchase Incentive Move From Selling Stuff, To Integrated Marketing Plans Sell Stuff = Purchasing Department = Price Sell Outcomes = Decision Makers = Margin Integrated Marketing Plan = the road map that will take your client to meeting their objectives. A schedule showing all marketing activities, I.e. Promotions, Programs, Trade Shows, Print, Radio, TV, Events, Outdoor, Indoor, Mobile Marketing (text messaging) The Four Types of Distributor Salespeople Order Takers = Wait for the Phone/e-mail Order Getters = Hey, wanna buy some pens? Order Makers = What about those trade shows? Let‟s get things on order in advance. Marketing Strategists = I noticed on your web site that you plan to exhibit at 23 trade shows next year. What are your desired outcomes? What is your Life Time Value of a client? What is the ROI of your advertising… Order Form Components Your Company‟s Information Sold-To Ship-To Order Date In-Hand Date Event Date Payment Terms Other Terms & Conditions Changes of Media in the Promotional Products Business New and varied product types New and varied imprinting methods Online processes Virtual Samples On-line catalogs Volatile pricing (cotton & plastic) UPIC Product search databases The Top 5 Product Categories Wearables: 31.2% = $5.18 Billion Writing Instruments: 9.0% = $1.5 Billion Calendars: 8.4% = $1.4 Billion Bags: 7.6% = $1.26 Billion Drink Ware: 6.8% = $1.3 Billion People Buy Them Because They Work – Make Sure That Yours Become Their Client‟s “Favorite”
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