Have You Used Your EOFY Promotional Gift Budget?The time approaching the end of the financial year is usually spent smoothing things out and making sure ledgers balance out correctly. Most businesses seem to think that closing the financial year requires internal concentration and most active external
The time approaching the end of the financial year is usually spent smoothing things out and making sure ledgers balance out correctly. Most businesses seem to think that closing the financial year requires internal concentration and most active external business activities are slowed down to allow staff to focus on the closing process. Successful businesses can recognise the productive potential of the EOFY period and organise their events to gain the most benefits from the process. This includes utilising the EOFY budget in the smartest way possible for a variety of goals that can directly affect revenue and profits in the coming fiscal year.
Using the EOFY budget for promotional purposes can add a boost to the activities of the new cycle and help to bring morale, energies and interaction to a refreshed start.
Buying Promotional Products for the EOFY Budget
Investing your EOFY promotional budget in the right way can help your company gain the appreciation of loyal clients that have brought significant business the past cycle and enables you to reward hardworking employees for their dedication throughout the year.
Furthermore, investing your EOFY budget in promotional products can also help you save and get more value for your money as most businesses are keen to offer competitive rates during the end of the quarter to increase customer retention and gain new clients.
In this way, you can receive more significant returns from your investment and also avail tax amnesty and bargains that governments and private companies may be offering.
Below is a list of popular promotional products you can invest in to present to clients and reward employees as an excellent promotional and marketing strategy.
Best Products for EOFY Gifts
1) Notebooks or Journals
Customised notebooks and journals make an excellent gift for employees and clients and serve as promotional tools by carrying your company details and logo in a very aesthetic manner. This kind of gift also ensures that your business will become a popular component of the day for your clients as they use the promotional notebooks and journals which increases the chances of generating new business and long -term interaction with your clients.
2) Stylus Pens
Stylus pens are a convenient and cost-effective promotional gift that can be given to clients and employees. With a variety of options available in the market, you can choose the quality and components of the stylus pens according to your budget and preferences.
3) Wireless Chargers
Wireless chargers are increasingly being supported by most popular smartphones and add convenience and utility to the usage patterns of smartphone users. They can make an excellent promotional tool when paired with corporate branding as it is another daily carry product which can regularly expose your clients and others to your branding.
4) Insulated Coffee Cups
If you want your company to be the first thing that comes to the mind of your clients in the morning, you can invest your EOFY promotional budget on Branded Insulated Coffee Cups. They make an excellent gift that once again comes in use every day and helps your customers build a connection with your business.
5) Credit-Card Style USB Drives
Another suitable and high-use promotional product that makes an excellent investment are credit-card style USB drives that can easily fit into thin cardholders and wallets. It serves as an excellent promotional tool as it comes in regular use and offers utility and ease to your clients and employees.
Tips To Promote Your Business Using EOFY Gifts
Investing your EOFY promotional budget in gifts for your employees and clients is an excellent way to drive morale, increase customer retention, and create a new customer base by driving brand recognition and awareness. Some tips to keep in mind include making sure that your company branding is prominently displayed on the products you choose and that your gifts are customised to bring special prominence to the achievements of your company in the past fiscal year. Using promotional gifts to celebrate significant milestones is another way to make gifts more personalised and memorable. We wish our readers success for all future endeavours.