Promotional products: A smart marketer’s secret weapon

2019-01-02T10:01:00

(BPT) – Did you know promotional products are one of the oldest forms of advertising? In fact, the first known use of promotional items in the U.S. dates all the way back to George Washington’s presidential election in 1789. Fast-forward to more than 200 years later, and what was once considered the most simplistic of marketing tools has become the industry’s most versatile form of advertising — which is ultimately where its power lies.

Many advertisers understand that promotional products are essential to building brand loyalty and awareness, with 65 percent citing promotional products as highly effective in reaching consumers and contributing to brand recall, according to a study by Promotional Products Association International (PPAI). Eighty-eight percent of marketers recommend using promotional products, because 82 percent of consumers have a more favorable perception of a brand after receiving a promotional item.

A $23.3 billion industry, promotional products are designed for staying power, and industry research has proven their influence as an effective advertising medium. They are built to leverage the greatest reach, drive recall and resonate to engage the best reaction among consumers, relative to any other advertising vehicle. Not only cultivating positive reactions, 81 percent of consumers keep promotional products for over a year, and 53 percent use these products at least once a week — meaning they are seen as useful. No other advertising media have a shelf life of 365 days or more and garner a response of “thank you” when received by target consumers. What’s more, promotional products are the only sensory medium that gives the customer a tangible memory of a relationship to the brand.

While it is the oldest form of advertising, the promotional products industry has also proven to be the most fluid and the most meaningful. Take Starbucks’ recent U.S. Sign Language store opening, for example. The coffee shop took elements of its store design and offerings and reinvented them to be more effective for those who are deaf. This included special green aprons featuring “Starbucks” spelled out with ASL finger-spelling imagery and “I Sign” pins to designate employees who know ASL. This approach to promotional products combined with purpose strengthened the overall impact of the launch in a way that no other form of advertising could.

With new technologies regularly being integrated into promotional marketing strategies, this is a pivotal time for the medium, as it continues to progress with consumers’ changing lifestyles, interests and purchasing behaviors. For instance, branded online pop-up stores are cropping up, as marketers turn the traditional pop-up shop tactic on its head. Brick-and-mortar retailers are now bringing consumers limited-time items in the form of online pop-up stores, where they can purchase exclusive promotional products without having to leave the comfort of their homes. Companies such as KFC, Taco Bell and McDonald’s have all tapped into this promotional strategy to transcend their original product offering and provide consumers with a sense of identity and community.

Another recent case of industry innovation is seen through the introduction of near-field communication into the advertising medium, which has allowed consumers to delve deeper, view customized rich media, receive targeted special offers, share experiences and make a purchase — all through their smartphones. Perhaps one of the most interesting examples of this was Tommy Hilfiger’s implementation of smart chip technology in certain products, allowing consumers to connect the clothing to a mobile app in which wearers can rack up points and redeem them for exclusive rewards and VIP experiences. As consumers, it’s difficult to resist a brand that brings an experience directly to the screen of our cell phones. With intelligent packaging and products, marketers are able to forge a strong connection between the online and brick-and-mortar sectors of the retail industry.

What’s next? According to Paul Bellantone, CAE, PPAI President & CEO, promotional products are truly the only advertising medium that reaches all five senses, plus a sixth — the sense of ownership for consumers — which is why it’s equally important that advertisers and marketers put as much budget, thought, design and strategy into creating successful promotional marketing campaigns as they do with other forms of advertising.

With its inherent practicality and flexibility, it’s apparent that the promotional products industry knows no bounds, and will continue to evolve along with the modern-day consumer.


American workers seek learning and development programs to close skills gap

2019-01-02T06:01:00

(BPT) – Unemployment is at its lowest point since 1969 and job openings are at a 17-year high, according to the Bureau of Labor Statistics. With a tightened labor market the competition for candidates with the right skill set is soaring. Yet, many workers lack the skills necessary to pursue new opportunities, suggests a new survey from Prudential Financial, Inc.

The fifth American Workers Survey, conducted in November on behalf of Prudential by Morning Consult, found that more than one in four American Workers say opportunities for career advancement are available to them — but they lack the skills and training for these positions.

The skills gap is even more concerning for millennials — 51 percent say they’re worried a lack of skills or education will negatively impact their career in the next five years.

The biggest barriers to building those skills? According to American workers, access to educational opportunities and financial concerns rank at the top. For millennials, most likely to be new parents, more than half say learning and developing new skills will require access to affordable childcare.

American workers expect the private sector to take the lead in their personal development — nearly four in five say the private sector has responsibility for retraining, and nearly six in 10 expect their employer to help pay for training and new skills.

“Jobs are core to the foundation of American workers’ financial well-being,” said Rob Falzon, vice chairman of Prudential. “Right now, there’s a skills gap emerging. There’s competition for talent, but at the same time, the jobs are changing as a result of disruption. Ensuring workers have the right skill sets to fill these jobs will be paramount for their future financial wellness.”

Companies including Prudential have been addressing this challenge through investments in the National Fund for Workforce Solutions and partnerships with local universities that help shape educational experiences and mentor students for careers in financial services and information technology. Companies are also looking for ways to help tap into new talent pools. For example, Prudential’s program with Workplace Opportunity Services is designed to train and prepare veterans and military spouses for the civilian workforce.

“The future of work is already here,” Falzon said. “Employers need to create opportunities to strengthen our workforce by increasing worker flexibility and mobility.”

Please visit news.prudential.com to learn more about this survey.

The American Workers Survey is the fifth in a series conducted on behalf of Prudential by Morning Consult from Nov. 13 to 16, 2018, among a national sample of 1,919 self-identified part-time and full-time employed adults (age 18 and over). The interviews were conducted online, and the data was weighted to approximate a target sample of adults based on age, race/ethnicity and gender. Results from the full survey have a margin of error of ±2 percentage points. Percentages may not total 100 percent due to rounding.