Posts Tagged ‘Corporate Gifts Co’
Friday, October 9th, 2009
Well, I hope you enjoyed the first part where we talked about squeezing the lemon. Of course, it’s rare that a sequal ever lives up to the original – but I’ll give it a go.
So this time we’re going to consider the pie; how to grow the pie, specifically. The first part talked about the lemon as your customer base, and the anology of squeezing the lemon was how to get the most juice (business) out of those lemons and not let the lemon shrivel up in the fridge.
So, squeezing the lemon was all about getting the most from your existing customers in a more direct and short term way, and growing the pie is about maximising profit and creating value for both customers and suppliers as part of a longer term strategy. This is done by;
- Differentiation – what makes you different/better than your customers? Look at; product, pricing, distribution, advertising and promotion, selling, core competencies, competitive advantage, USP’s
- Added Value – what aspect of your product/service adds real value for the customer?
- Value Chain – monitor and feedback performance up stream and downstream to continually improve.
The key elements of growing the pie are;
- Constantly strive to deliver value for the customer by improving your overall proposition.
- Understand the supply and value chains and learn how to leverage key aspects to create added value and differentiation.
- Change the mindset of both your company and your customer base. This is more important than immediate short term gains.
So what does The Corporate Gifts Company do to grow it’s pie? Good question, and a challenging one too. Well, we talk to our customers constantly about how they find our service and product, what they liked and what they didn’t like; we encourage testimonials (good or bad) and we have used that feedback over the past 18 years to hone our service and quality levels so that we give our customers exactly what is most important to them; reliable service, consistent quality (we have the international quality standard ISO9000), appropriate and quality promotional branding, and responsible business practices (see our CSR – Corporate Social Responsibility – policy.
Thanks to The Cranfield School of Management’s BGP (Business Growth Development) programme for inspiration.
Tags: Business Gift Ideas, Business Gifts, Corporate Gift Awards, Corporate Gift Sales, Corporate Gifts Co, Corporate Message, corproate gifts or promotioanl gifts, Engraved Gifts, Engraving Messages, Promotional Gifts, Promotional Messages, Promotionaol Gifts, Sales Incentives
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Friday, October 2nd, 2009
At the world famous Cranfield School of Management’s Business Growth Development programme they spend a lot of time talking about a couple of tasty food analogies; “Squeezing the Lemon” and “Growing the Pie”. As part of the marketing part of the programme these two ideas are at the heart of the growth of any business. So what’s the story behind these culinary concepts for success? Let’s start with the lemon.
The lemon signifies your customer base, and who amongst us can put hand on heart say we get the most out of all our customers? Do we sell as much as we can, are there other products or services we can sell to them, do we sell to all divisions and departments of our customers’ businesses? No, well that’s actually the story for most companies and to add even more zest to the analogy think of your average customer like this; if we’re using a lemon at home more often than not we cut into it and squeeze out what we need and then stick it in the fridge – great, the poached salmon tastes great. The problem is when we go to use the lemon again (sometimes after weeks sitting lonely and forgotten next to the eggs) it’s wrinkled and dried and all that juice has been wasted.
And that’s what happens to new customers; we fail to squeeze the maximum amount of business out of them. After the initial order is won, we don’t pay them enough attention until eventually they go and find another supplier. And if you didn’t know already, it costs up to seven times more to aquire a new customer than look after an existing one. So the moral of the analogy is; get squeezing - before your lemons dry up or someone else does it for you.
Of course, in the light of the above blog, it would be remiss of me not to mention that The Corporate Gifts Company supply a comprehensive selection of promotional items and advdertising merchandise that are perfect for communicating with your customers in a tangible and cost effective way. Whether you want to reinforce your brand values with items such as business card cases or clocks, or say thank you to key customers with an appropriate promotional desk item or personal accessory, The Corporate Gifts Company can help you squeeze your lemons.
Look out for “Growing The Pie” next week!
Tags: brand name, Business Gifts, Business ideas, Corporate Gifts Co, Corporate Message, Cost Effective, Engraved Gifts, Exexcutive Clocks, Growing your business, promotional business card case, Promotional Clock, promotional gift ideas, Promotional Gifts, promotional incentives, Promotional Messages, Promotional Sourcing
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Monday, September 28th, 2009
The Corporate Gifts Company are delighted to launch our new website.
The new design features a fresh clean look with easier navigation and useability.
More importantly, there are some fantastic new benefits for our customers;
1. Prices have been reduced significantly across the board.
2. Prices now include Engraving and Set Up (so no extras for branding)
3. All orders are now inclusive of standard UK freight/carriage.
4. We are offering a free pre-production sample on every order, so you can be confident your logo or promotional message will be just as you require it before we go to production.
5. We are guaranteeing 7 day turnaround on branded items from stock – so that you can be confident your promotional items will get to you on time.
FIVE good reasons to chooseThe Corporate Gifts Company for your business gifts this Christmas.
The new webiste also incorporates our new items for Autumn 2009 (perfect timing for the Christmas executive gifts, staff gifts and customer thank yous) with exciting items such as the spinning propeller letter opener and the F1 car paper clip dispenser. (see all our new products here ).
Call our sales team today on 0845 430 2902.
Tags: Business Gift Ideas, corporate events, Corporate Gifts Co, Engraved Gifts, promotional giveaway
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Wednesday, September 2nd, 2009
Get ready for recovery
Is it? Isn’t it?
Will it? Won’t it?
Is the worst of the recession over and are we getting ready for the long awaited recovery? Who knows? If I did, I wouldn’t be writing this blog – I would be sitting on a beach in the Bahamas. In these times of uncertainly, if you can be sure of one thing- it’s the businesses that are prepared for the recovery that will most benefit from it. So what can you do to get your company ship shape to take advantage of all the undoubted opportunities that will be coming your way?
Here are our top ten heads up
1. Review – be honest dispassionate; look at where the business is now and where it needs to be in the future.
2. Cut supply cost – look at your whole supply chain: look for new suppliers offering better deals, re-negotiate with existing suppliers, and buy strategically with fewer suppliers rather than add hoc with lots.
3. Cash is king-tighten credit controls, use whatever leverage you can and monitor regularly.
4.Cut OK costs-concentrate on areas with the most savings, get staff ideas (they often are closes to spending waste) and be ruthless with “nice to have” costs.
5. Cut stock-keep your inventory to a minimum-convert old stock to cash, and reduce slow moving lines.
6. Staff-think outside the box regarding job roles and personnel. Keep and reward that add value to your business, and clean out those that don’t.
7. Processes- examine your procedures and invest in more efficient processes. Look for duplication and bottlenecks.
8. Outsource? A great way to make a fixed cost into a flexible one. But make sure it’s right for the business.
9. Location-not a realistic option for some businesses, but huge costs can be sauced by moving departments/functions abroad or even elsewhere in the UK.
10. Look after key customers-get closer to your customers, offer real value, and keep them interested and talking to you. Make judicial use of emailers, direct mail, face to face and sales promotion. The Corporate Gifts Co can supply executive incentives from; sterling silver to clocks and from USB drives to desk accessories. Call today on 0845 430 2902
Tags: Branding, corporate gift, corporate gifts, Corporate Gifts Co, engraving, executive incentives, promotion, sales promotion
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Tuesday, September 1st, 2009
STERLING SILVER
The hallmark of quality; how often you heard that phrase? So why is the hallmark synonymous with the concept of quality?
Hallmarking precious metals was one of the very first instances of consumer protection in history; devised in Birmingham, England as a means of verifying the quality of the material goods were made of and protecting consumers from unscrupulous traders – not much has changed has it?
As silver plate is essentially a thin layer of sterling silver on top of a base metal such as brass or zinc alloy, it is difficult for the layman to tell the difference. The hallmark therefore, is indisputable proof that an item is made from sterling silver or another precious metal.
The hallmark is made up of symbols that denote; the year it was made, the assay office it was verified at, the maker, and the grade of precious metal. Most common are 925 silver, 9ct, 18ct and 24ct gold.
The Corporate Gifts Company have a comprehensive collection of sterling silver promotional items from business card cases to bookmarks and from photo frames to paperweights. All can be diamond engraved using our in – house engraving facility. We can also design special commissions and bespoke items in sterling silver and solid gold such as; cufflinks and corporate jewellery or keyrings and personal accessories. Our in – house design team can supply FOC visuals – just ask the sales team.
Tags: Bookmark, business card cases, corporate gift, corporate gifts, Corporate Gifts Co, engraving, gifts company, promotion, promotional item, promotional items
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