Today’s world primarily focuses on creating a positive reputation and brand image for a company. Even though most companies know the importance of corporate gifting, many still overlook or ignore its importance in the business setup due to the numerous myths that revolve around it. Through this blog, we will explore corporate gifts’ influence on a company’s brand image and debunk common myths to reveal the power and significance they hold in the corporate world.
Myth: Corporate gifts create a definite positive brand image.
Fact: Corporate gifts are often believed to be products that have the power to enhance a company’s brand image, however, the results are not always satisfactory. These gifts express company values, thus proving them to be ideal gifts to attract customers. Building a positive brand image is possible only when corporate gifts are carefully selected and customised.
Myth: Price tags determine the brand image.
Fact: Many believe that corporate gifts are received well only when the price tag of the gift is high. However, expensive gifts create only temporary impressions on clients. Lasting impacts are made through gifts representing a perfect combination of thoughtfulness and personalisation. Practicality often trumps luxury in the corporate gifting industry.
Myth: Corporate gifts only have a tangible value.
Fact: A common misconception states that corporate gifts only have a tangible value attached to them. These myths are responsible for clouding the truth, which states that corporate gifts have the power to build meaningful relationships. An aspect that is considered invaluable and intangible to any organisation. Good corporate gifting practices showcase a perfect combination of gratitude, goodwill, and strong relationships. A company that prioritises intangible relationships over tangible values can develop genuine connections in the long run, by helping in the formation of a positive brand image.
Myth: Corporate gifts are only effective for B2B relationships.
Fact: Corporate gifting is believed to be ideal only for business-to-business(B2B) exchanges. However, surveys have shown that it is an effective and essential strategy that is implemented in business-to-customer exchanges(B2C) as well. It is possible to improve each customer’s brand experience with personalised gifts and loyalty awards which foster a positive brand image.
Myth: Corporate gifts are always well received.
Fact: The main objective of engaging in the practices of corporate gifting is to leave a positive impression on a customer, however, this may not be achievable with all the customers in the market. How gifts are accepted is influenced by several factors ranging from cultural upbringing to personal choices and preferences. To ensure the gifts resonate with the receiver, companies must conduct in-depth research which helps them to understand the proper customisation of gifts and enhances the overall image of their brand.
Myth: Corporate Gifts Are Only Effective During Special Occasions.
Fact: Corporate presents are often given only during holidays and other special occasions however their influence is not limited to these moments. Maintaining the practice of giving thoughtful gifts to employees and clients all year long helps them to improve relationships and ensures that the image of the brand remains consistently positive.
Myth: Corporate Gifts Are Irrelevant in the Digital Age.
Fact: Despite the rise of digital communication, tangible gestures such as corporate gifts remain relevant and impactful. In fact, in a world saturated with virtual interactions, physical gifts can stand out and create memorable experiences for recipients. By blending digital efforts with thoughtful offline gestures, brands can build deeper connections and enhance their brand image in a meaningful manner.
Thus, corporate gifts are not only materialistic objects that impress clients but are also expressions of brand values and intangible relationships a company has with its clients that help in the overall shaping of the brand image. This blog has been able to bust myths and misconceptions, thus unlocking the real power these gifts have over the brand image of a company. While these gifts are not sure-fire ways of guaranteeing customers’ loyalty or generating immediate returns, they still foster goodwill, enhance brand visibility, and thus contribute to the overall positive brand image.
