Business

How to Market Your Brand with Corporate Gifts

Published

3 years ago

June 9, 2021

sylvia J

As the world becomes more digitized, many organizations have transferred their marketing budgets to digital marketing, investing in channels such as search engine optimization, email marketing, and social media engagement, among others.

Physical types of marketing, such as presenting corporate gifts to your consumers, may appear to be out of date and out of touch in an increasingly digital world.

While digital marketing channels may surely deliver more sales outcomes faster and with more precise costing, the impact of a corporate gift remains a force to be reckoned with when it comes to brand marketing and developing a more intimate connection with your customers.

Continue reading if you want to boost brand recall and affinity among your target clients.

What exactly is a corporate gift?

Let’s first define what a corporate gift is.

A corporate gift is a physical item that businesses offer to their clients, both old and new, in order for the receivers to remember them.

It should not be confused with a present; the former has a very definite commercial and brand-building goal, whilst the latter can be given for no reason.

Many organizations fail to differentiate between the two forms of gifts and, as a result, lose a significant amount of money each year without receiving the required returns in terms of brand recall and sales.

Why should you be concerned about corporate gifts?

Sending a corporate gift to your clients is one of the best methods to express your genuine and considerate appreciation.

Nobody ever refuses a well-intended gift.

A corporate gift is also one of the most effective ways to improve the message and main value proposition of your brand.

As a result, when correctly planned and implemented, corporate gifts generate a high return on investment (ROI) by enhancing brand recall and improving connections, which leads to more and longer-term business.

We beings desire physical interaction and touch. The ability to hold a real item in one’s hands creates a connection that no digital marketing channel can replicate.

Are corporate gifts really effective?

According to studies, nearly 33% of corporate gift recipients expressed an interest in doing business with the gifter after receiving the gift.

The impact of corporate presents is best summed up by an old adage: “People will forget what you said, people will forget what you did, but people will never forget how you made them feel.”

So, when people feel good because of what you’ve done to make them feel good, the likelihood of them liking you and wanting to do business with you increases.

Aside from the feel-good component, if your corporate present is a utility item that the receivers will use and/or come into contact with on a daily basis, your brand will be in the forefront of their minds. The impact of brand memory is nearly limitless.

What constitutes an excellent corporate gift?

Because corporate gifts are so effective at cutting through the noise and putting your brand in front of your recipients, they can backfire spectacularly and cause irreversible damage to your brand and the qualities associated with it if the gift and the idea behind it are poorly conceived and executed.

So think carefully about what constitutes an acceptable corporate present.

When selecting a present, there are a few factors to consider so that you always come out on top and win your clients over.

The gift is thoughtful

A good corporate or other present should, first and foremost, be useful and valuable to the receivers. Giving away the conventional pen or wall calendar is little more than a thinly disguised expectation that other people will notice your brand when your receivers use your present.

The truth is that every smartphone has a calendar app, so no one needs a papered wall version anymore, and there are probably far too many pens sitting about in the office for yours to be noticed. A leather document holder would rather be a good idea.

When it comes to corporate gifting, don’t fall into the trap of convenient (and lazy) thinking.

Also, if you do a little research, you will find literally thousands of goods that can be used as gifts. For example, visit the website of EasyPrint, one of Singapore’s leading corporate gift suppliers and you will find a huge variety of gift items to choose from.

The present should be meaningful and valuable to the recipient. It will demonstrate that careful consideration was given to the conception and production of this gift, as well as that you value the receivers enough to go through such thought processes.

If you do this well, the recipients will remember you and your company every time they use or enjoy the gift.

The gift has no agenda

The best gifts are those that have no strings attached.

Don’t call the customers soon away with a sales pitch after they’ve received a gift.

The last thing you want to do is give your customers the impression that there are strings attached to getting your present and that you are simply attempting to buy their business.

Rather, focus on fostering goodwill over time.

Remember that your gift is only one component of your total customer engagement plan, not a magic bullet that will bring you sales right away.

The gift is not extravagant

You may believe that a costly gift will increase your clients’ appreciation for you.

That couldn’t be further from the truth.

While there are certain clients whose business relationship with you merits special treatment, most of the time you wouldn’t want to deliver a gift that makes your consumers wonder how much profit you’re earning off them to allow you to be so generous.

As corny as it may sound, it is the thought that counts, not the retail value of the present that inspired the sentiment.

As a result, while selecting the perfect corporate present, always prioritize innovation and thoughtfulness over absolute pricing.

The gift is consistent with your brand’s messaging

The corporate gift should be something that compliments, if not amplifies, your brand’s positioning and messaging.

As a result, anytime your customers see the gift, they will be reminded of your brand and the values it represents.

Here’s an example of a brand with a basic but effective corporate gift item that not only keeps the company in the recipients’ minds, but also amplifies the message that the company is attempting to convey.

PayPal is a global payment service provider that helps millions of businesses and buyers worldwide deal on the internet every day.

Clearly, when it comes to money and personal information, security is of the biggest concern and priority.

PayPal created a travel padlock as a corporate gift item that was delivered at trade exhibitions and conferences to potential clients, in this case, the business owners and entrepreneurs who attended these events, to convey the message of security.

The gift, which is really just a simple, everyday numeric padlock with the PayPal logo emblazoned on it, is the perfect example of a great corporate gift because, first and foremost, it directly aligns with and even enhances PayPal’s messaging (padlock secures your belongings when you travel, PayPal secures your money when it travels across the internet), and secondly, it is extremely useful and can be used repeatedly.

The preceding example demonstrates that, with a little extra thought and keeping your target audience’s interests and benefits in mind, you, too, can be like PayPal and come up with a brilliant corporate gift idea that people will remember for years to come (I certainly did!).

In conclusion

The marketing trend these days is unmistakably toward increased use of digital mediums.

That is not to say that corporate gifting is no longer effective.

On the contrary, in a time when every other company is focusing solely on digital marketing, including corporate gifts into your entire brand engagement plan can be a critical differentiating point that sets you apart from the competition.

Related Topics:Market Your Brand with Corporate Gifts

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How to Customize Your Withdrawal Plan with an SWP Calculator

Published

2 weeks ago

August 18, 2024

sylvia J

How to Customize Your Withdrawal Plan with an SWP Calculator

Financial independence is one of the most sought-after forms of autonomy. No matter the stage of your life, it is always better to have adequate personal finances. Although friends and family are always there for your support, your financial prudence could go a long way. Whether you are just starting your investment journey or getting ready to retire, the customisable SWP calculator is your new best friend.

This calculator takes the guesswork out of generating passive income from your nest egg. Tailor a withdrawal plan that aligns with your personal financial goals. Financial independence doesn’t happen by accident. But equipped with the SWP calculator, you can optimise withdrawals from investments to supplement your income.

In this article, we will explain how the SWP calculator functions.

What is a Systematic Withdrawl Plan (SWP)?

A systematic withdrawal plan (SWP) is a financial manoeuvre that allows you to withdraw money from your investment plan according to your requirements. Depending on the corpus left in your investment fund, you could use a SWP as a source of regular income.

Investors can select the frequency of withdrawals on a monthly, quarterly, or annual basis. You could also choose the date of withdrawal that matches your budget requirements.

Let us understand the underlying benefit of SWP with an example. Consider, for instance, that you have 10,000 units in a mutual fund scheme in India. Depending on your requirements, you set a mandate to withdraw Rs. 4000 through the systematic withdrawal plan on the tenth day of every month.

Starting with January 10, when the fund’s Net Asset Value was Rs. 10 per unit, you would get 400 units. Next month, when the Net Asset Value touches Rs. 15, you will get 266.67 units. You can keep more units in your fund for the same withdrawal amount.

Please note that the above example would hold only when your particular fund is experiencing a growth trend, that is when the fund’s net asset value per unit increases monthly.

What is the SWP Calculator?

An SWP calculator is an automated investment calculator that estimates the possibilities of monthly withdrawals from your investment fund. It shows the total units and the amount remaining in the fund after every withdrawal. Investors in India prefer SWPS for regular monthly income in their retirement years.

Based on the concept of the time value of money, a swap calculator displays the future value of your mutual fund investment. You simply have to enter details such as your investment amount, preferred withdrawal per month, preferred tenure, and expected rate of return. Now, let us move on to understanding the usage of a SWP calculator in detail.

You can rely on the results of a SWP calculator because the final corpus amount is derived with the help of an authentic mathematical formula. A SWP calculator makes use of the following formula:

A = WMT ((1+r/n)^nt-1)/(r/n))

where,

‘A’ is the final value of your investment.
‘WMT’ is the withdrawal amount.
‘n’ is the number of periods over which the compounding will happen (12 for monthly, 3 for quarterly, and 1 for annual).
‘t’ is the tenure of your investment in years.

Your SWP calculator will show the final corpus based on the calculations done using this formula.

How to Use a SWP Calculator?

It is easy to understand how a swp calculator works. Here are the step to use the SWP calculator:.

Step 1:

Fill in your total investment amount held in the mutual fund.

Step 2:

Enter the monthly withdrawal limit (Please note that you can even opt for quarterly or annual withdrawals).

Step 3:

Fill in your expected rate of return.

Step 4:

Enter your preferred tenure in terms of years.

You can easily customise the entries of the SWP calculator to analyse the different scenarios that could arise with changes in these entries. Based on your entries made following the steps mentioned above, a SWP calculator will show the results displaying the total investment amount, total interest earned, and the final value of your investment. These results will serve as your aid in finalising your withdrawal limit.

Benefits of a Systematic Withdrawal Plan

There can be less doubt that a systematic withdrawal plan benefits your financial health. Let us understand the main benefits in detail.

1. Source of Regular Income

One of the most essential advantages of a SWP is that it can help you earn a regular income. You can withdraw the money monthly, quarterly, or annually depending on your requirements. All investors interested in earning a regular income can opt for a systematic withdrawal plan.

2. Retirement Income

SWPs offer a stable source of income in your after years. You can use this income to live a stress-free post-retirement life.

3. Availing Tax Benefits

Long-term capital gains to the tune of Rs. 1 lakh are exempt from payment of taxes. You are required to pay taxes only when your accrued gains exceed this threshold.

Benefits of a SWP Calculator

1. Seamless Calculation Process

A SWP calculator lets you accurately assess your final corpus simply by entering details such as the investment amount, expected rate of interest, and withdrawal amount.

2. Finding the Best Withdrawal Plan Calculator

A SWP calculator lets you calculate your corpus amount for different values. You can compare the corpus amounts per your preference and then select the corpus that would meet your requirements in future.

3. Ease of Use

Using an SWP calculator is quite simple. You get the results after entering basic details, such as your required corpus amount.

Conclusion

Who can deny that modern life is entirely uncertain? People need help maintaining their financial wellness. However, with modern instruments such as systematic withdrawal plans, it is easy to manage your financial wellness according to your own preferences.

All you have to do is use a SWP calculator and get an estimate of your corpus. Now that you know all the details of SWP, nothing should stop you from targeting a handsome corpus. For those looking to plan their investments from the start, combining the use of a SIP calculator and SWP calculator can provide a comprehensive view of your financial journey.

Business

The EU Digital Identity Wallet: A Comprehensive Overview

Published

2 months ago

July 5, 2024

sylvia J

The European Union is spearheading a transformative initiative with the introduction of the EU Digital Identity Wallet. This ambitious project aims to provide EU citizens and residents with a universal digital identity system, enhancing convenience, security, and efficiency in accessing both public and private services. In this article, we explore the key aspects of the EU Digital Identity Wallet, its benefits, challenges, and implications for the future of digital identity in Europe.

1. What is the EU Digital Identity Wallet?

The EU Digital Identity Wallet is a secure and interoperable digital identity system designed to facilitate seamless authentication and verification processes across the European Union. It allows individuals to store and share personal information and credentials digitally, including identity documents, licenses, certificates, and more. The wallet can be accessed through a mobile application, providing a user-friendly interface for managing and presenting digital identity information.

2. Objectives of the EU Digital Identity Wallet

The primary goals of the EU Digital Identity Wallet are:

Empowering Citizens: To provide individuals with control over their personal data and digital identity.
Simplifying Access: To streamline access to online services by providing a single, trusted source of identity verification.
Enhancing Security: To offer a secure and reliable method for digital authentication and reduce fraud and identity theft.
Promoting Interoperability: To ensure compatibility across EU member states, fostering cross-border digital interactions.

3. Key Features of the Digital Identity Wallet

Interoperability: Designed to work seamlessly across all EU member states, enabling citizens to use their digital identity in different countries without barriers.
Data Privacy: Users retain full control over their personal data, deciding what information to share and with whom.
Multi-Functionality: Beyond simple identification, the wallet supports a range of functionalities, including age verification, electronic signatures, and secure document storage.
High Security: Incorporates advanced security measures, including encryption and biometric authentication, to protect user data.

4. How the Digital Identity Wallet Works

Registration and Verification: To use the wallet, individuals must first register and verify their identity through a secure process, often involving biometric data and official documentation.

Data Storage: Once verified, users can store various credentials in their digital wallet. These can include identity cards, driver’s licenses, academic diplomas, and other official documents.

Usage: When accessing a service requiring identity verification, users can present their digital wallet. The wallet generates a secure, verifiable digital credential that can be shared with service providers.

Updates and Management: Users can update their stored credentials as needed, ensuring that their information remains current and accurate.

5. Potential Benefits

For Citizens:

Convenience: Eliminates the need for multiple physical documents and simplifies the process of proving identity online.
Control: Empowers individuals to manage their own data, enhancing transparency and trust.

For Businesses:

Efficiency: Reduces the burden of identity verification processes, lowering operational costs.
Trust: Provides a trusted method for verifying customer identities, enhancing security and compliance.

For Governments:

Streamlined Services: Facilitates more efficient delivery of public services and reduces administrative overhead.
Cross-Border Integration: Supports the EU’s vision of a digital single market by enabling cross-border interactions and services.

6. Implementation Challenges

Despite its promising features, the EU Digital Identity Wallet faces several challenges:

Data Privacy Concerns: Ensuring that user data is adequately protected and that privacy rights are upheld is a critical issue.
Interoperability: Achieving seamless interoperability across diverse national systems and regulations requires significant coordination and technical standardization.
Public Adoption: Encouraging widespread adoption among citizens and businesses necessitates addressing concerns about security, usability, and trust.

7. Timeline and Rollout

The EU Digital Identity Wallet is part of the broader European Digital Identity framework. The initiative is progressing through several phases:

Development: Pilot projects and technological development are underway to refine the system and address potential issues.
Testing: Extensive testing is being conducted to ensure reliability, security, and user-friendliness.
Deployment: The wallet is expected to be available for widespread use by 2025, with ongoing updates and improvements based on user feedback and technological advancements.

8. Legal and Regulatory Framework

The EU Digital Identity Wallet operates within a robust legal and regulatory framework designed to ensure security and compliance:

eIDAS Regulation: The Electronic Identification, Authentication and Trust Services (eIDAS) regulation provides the legal basis for electronic identification and trust services in the EU.
GDPR Compliance: The General Data Protection Regulation (GDPR) ensures that user data is handled in accordance with strict privacy and data protection standards.
National Legislation: Each member state must align its national legislation with EU regulations to support the implementation of the digital identity wallet.

9. Future Implications

The EU Digital Identity Wallet has the potential to revolutionize the way individuals interact with both public and private sectors across Europe:

Digital Transformation: Accelerates the digital transformation of public services and private sector operations.
Innovation: Creates opportunities for new digital services and applications that leverage secure and verifiable digital identities.
Economic Growth: Facilitates smoother cross-border trade and interactions, contributing to economic growth and the realization of the digital single market.

10. Conclusion

The EU Digital Identity Wallet represents a significant step towards a more integrated and efficient digital Europe. By providing a secure, user-friendly, and interoperable digital identity solution, it aims to enhance the lives of EU citizens, streamline business operations, and support the digital transformation of public services. As the project moves forward, addressing the challenges of privacy, interoperability, and public adoption will be crucial to its success. The EU Digital Identity Wallet holds the promise of a future where digital interactions are more secure, convenient, and accessible for all.

Business

Popularity of Monolith Signage for Businesses

Published

4 months ago

May 16, 2024

sylvia J

Popularity of Monolith Signage for Businesses

When it comes to stylish and functional on-street advertising, monolith signs are quickly becoming the clear winner.

Why do so many businesses, from restaurants to fitness centers, choose monolith signs to make their brand stand out and improve the look of their building?

We try to explain.

Distinctive Design and Practical Benefits

One way to get your name and contact information out there is with a monolith sign, which is basically just a freestanding structure.

The design is vertical and striking. It’s a powerful visual for people passing by to increase brand awareness and draw in some customers.

Visibility from a Distance

Visibility is a defining characteristic of monolith signs. They are made to be used on both sides, so the branding is identical on both sides.

This makes them especially useful in areas with a lot of foot traffic, where being seen from all sides is important for getting your message across.

Aesthetic Appeal

People love the clean, powerful look of monolith signs. As long as they fit in with the neighborhood’s visual standards, they look good and show that a business cares about quality and design.

These signs can be lit up, which makes them bright and noticeable, which is important for getting potential customers’ attention from far away.

Flexible Placement

In contrast to traditional signs that may only fit in certain areas of a building’s front, monolith signs can be put anywhere on your property.

For businesses that are not right next to footpaths or high-traffic routes, this is extremely valuable because these signs can be placed in a way that draws attention from busy roads and paths.

Durability and Security

Since they are made of strong materials, monolith signs are sturdy enough to resist vandalism and normal wear and tear.

This makes them a good choice for any business setting. The fact that they are strong means that they will always be a part of your business and help your marketing.

Customization and Professional Installation

If you choose a monolith sign, you are choosing a custom way to advertise. Ice Signs work closely with you from the first design stage all the way through the installation.

We start with a couple of primary designs and finishes and then add your company’s colors, fonts, logos, and pictures to make a sign that is truly unique and represents your business.

Comprehensive Service

Our team is dedicated to giving you a complete experience and making sure that every monolith sign meets your business’s exact needs.

Our experts will hook you up with the right style of placement and installation of the sign, handling all aspects carefully. We stick to health and safety standards for a smooth setup.

Why Invest in Monolith Signage?

The way businesses think about and use outdoor advertising has changed a lot since monolith signage came out. Because it is highly visible, has an eye-catching design, and is built to last, it is a great tool for businesses that want to make a strong impression in a crowded market.

Companies that are thinking about this dynamic advertising option can get a free site survey to figure out what their needs are and how to best meet them.

Talk to our experts about how monolith signs can change the way people see your business and bring in more customers.

Parting Thoughts

You can use monolith signs for reasons other than advertising. They are also a good investment for your business because they will last, be flexible, and fit with your brand.

These signs can be traditional or illuminated. Either way, they make your business stand out in a packed market.

Ice Signs is a company in Leeds that makes custom, hand-made signs, such as metal and illuminated signs. With over 20 years of experience, they deliver tailored design, supply, and installation services for both indoor and outdoor business signage needs.

For more information, visit:

https://www.icesigns.co.uk/products/monolith-signs/
https://www.icesigns.co.uk/products/totem-signs/