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You do NOT need to go crazy with great gifts for your best clients. If you do, it will be a waste of good money, for two reasons. One - they are already your client, so you aren’t gaining much. Two - if you give them a great gift during the holidays, they will assume that they deserve it and not be moved. You are just training them to expect great gifts from you each year as a part to doing business with you. Not powerful and not valuable for you.
But think about what would happen if you gave them a nice inexpensive promotional item like a pen or mouse pad or even a card. There’s little difference in the client reaction, but it’s a lot cheaper for you. And then imagine if you took the savings and sent nice gifts to several prospects that haven’t done business with you! What would happen then? Those prospects are NOT expecting gifts. They will feel surprised and special and are now more likely to return your phone calls, or restart talks, become your client or pass you referrals. Here, you gain something.
Gifts should not be given to REWARD good behavior; they should be used to CREATE good behavior. As counter-intuitive as this seems, it is true.
In fact, if you can send someone a gift at a time when they don’t expect it, it’s even more powerful. Think of the value of sending a good client a holiday gift, compared to sending a prospect a gift in the middle of January! The client says, “Oh, that’s nice.” the prospect says, “Wow! That was very thoughtful!” - Big difference!
If you have never given gifts to your clients during the Holidays, do NOT start. If you want to be magnanimous then send cards. If you really want to be fancy, send custom cards and have your team (hire interns if need be) to hand write them all. Hand written cards add the personal touch which adds rapport value and increases the odds that the cards will be noticed and read.
If you already have set the precedent of
Take that same budget and begin to send gifts to people who’ve told you NO, or who are hesitating. In addition, if your business can afford the wait, send them in January or February. Here you can spend some money, but unless you know exactly what the people want, spend no more than $25 per gift.
Gifts must always be under $25. If you send an expensive gift, the gift will be judged on its actual value. If you send an inexpensive gift it can only be judged on its thoughtfulness. In addition, an expensive gift may be seen as a bribe. Example:
$250 green designer flower vase – Receiver can/will say things like:
“I don’t like this green.”
“He thinks I can use this? Really?”
“$250 for this? Wow, he has no taste.”
“$250 is a lot of money, what does this guy want from me?”
$15 hat from trip to Sea World – Receiver can/will say things like:
“Wow! That was nice of him.”
“My kid will love this.”
“Yes, I want to go to Sea World too.”
Now the one exception to the $25 rule is if you know exactly what a prospect wants. ONLY in that case may you exceed the $25 mark.
These types of gifts to prospects WILL garner a better return in direct business and in referrals. The prospects will be affected by the law of reciprocity and will be much more inclined to do business or to pass referrals to you.
In this economy, we need to be as efficient as possible when it comes to our marketing. Gifting is just another part of our marketing budget. So, avoid the common wasteful ideas and streamline this aspect of your marketing budget also. Effective gifting has a great return. Traditional gifting wastes a lot of money.
Let’s get the most from our marketing!
Of course, all of this goes out the window if you just WANT to give a gift. Please do so, especially if it’s to me. J
Happy Holidays and good luck!
- Larry