{"id":230679,"date":"2020-04-01T18:50:32","date_gmt":"2020-04-01T18:50:32","guid":{"rendered":"https:\/\/qapacklane-blog.packlane.com\/blog\/?p=230679"},"modified":"2020-04-01T21:31:01","modified_gmt":"2020-04-01T21:31:01","slug":"corporate-gifting","status":"publish","type":"post","link":"https:\/\/qapacklane-blog.packlane.com\/blog\/corporate-gifting\/","title":{"rendered":"Your Go-To Guide for Corporate Gifting in 2020"},"content":{"rendered":"[et_pb_section fb_built=”1″ _builder_version=”3.25.2″ custom_margin=”-70px|||” custom_margin_tablet=”|||” custom_margin_phone=”-90px|-35px||-35px” custom_margin_last_edited=”on|phone”][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_dmb_breadcrumbs show_final_breadcrumb=”off” home_icon=”%%72%%” use_home_text=”on” home_text=”Blog” _builder_version=”3.25.2″ body_font=”||||||||” link_font=”||||||||” linkhover_font=”||||||||” body_font_size_tablet=”51″ body_line_height_tablet=”2″ separator_font_size_tablet=”51″ separator_line_height_tablet=”2″ link_font_size_tablet=”51″ link_line_height_tablet=”2″ linkhover_font_size_tablet=”51″ linkhover_line_height_tablet=”2″ z_index_tablet=”500″ body_text_shadow_horizontal_length_tablet=”0px” body_text_shadow_vertical_length_tablet=”0px” body_text_shadow_blur_strength_tablet=”1px” separator_text_shadow_horizontal_length_tablet=”0px” separator_text_shadow_vertical_length_tablet=”0px” separator_text_shadow_blur_strength_tablet=”1px” link_text_shadow_horizontal_length_tablet=”0px” link_text_shadow_vertical_length_tablet=”0px” link_text_shadow_blur_strength_tablet=”1px” linkhover_text_shadow_horizontal_length_tablet=”0px” linkhover_text_shadow_vertical_length_tablet=”0px” linkhover_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength_tablet=”1px”][\/et_pb_dmb_breadcrumbs][et_pb_post_title comments=”off” featured_placement=”background” text_background=”on” text_bg_color=”rgba(255,255,255,0.86)” _builder_version=”4.4.0″ title_text_color=”#2e469d” title_font_size=”52px” title_line_height=”1.2em” meta_font=”basis-grotesque-med||||||||” meta_font_size=”17px” custom_margin=”|||0px” custom_margin_tablet=”” custom_margin_phone=”-20px|-20px||-20px” custom_margin_last_edited=”on|phone” custom_padding=”|0px||0px” hover_enabled=”0″ title_font_size_tablet=”” title_font_size_phone=”36px” title_font_size_last_edited=”on|phone” z_index_tablet=”500″ title_text_shadow_horizontal_length_tablet=”0px” title_text_shadow_vertical_length_tablet=”0px” title_text_shadow_blur_strength_tablet=”1px” meta_text_shadow_horizontal_length_tablet=”0px” meta_text_shadow_vertical_length_tablet=”0px” meta_text_shadow_blur_strength_tablet=”1px” box_shadow_horizontal_tablet=”0px” box_shadow_vertical_tablet=”0px” box_shadow_blur_tablet=”40px” box_shadow_spread_tablet=”0px” text_shadow_horizontal_length_tablet=”0px” text_shadow_vertical_length_tablet=”0px” text_shadow_blur_strength_tablet=”1px”][\/et_pb_post_title][et_pb_text ul_item_indent=”35px” ol_item_indent=”20px” _builder_version=”4.3.4″ ul_font=”basis-grotesque-med||||||||” ul_font_size=”17px” ol_font=”basis-grotesque-med||||||||” ol_font_size=”17px” background_size=”initial” background_position=”top_left” background_repeat=”repeat”]\n
Corporate gift boxes are a go-to gift item (sorry, gift baskets) during holidays and special company, client, or employee milestones. <\/span>But how does corporate gifting work? <\/span><\/p>\n Whether you\u2019re looking for ideas on what types of things to send in your gift boxes or looking to start your own corporate gifting program, you\u2019ve come to the right place.<\/span><\/p>\n Gift boxes enable companies to aesthetically package a variety of items together, utilize brand colors, and offer a touch of personalization that makes the gift memorable for recipients. Custom gift boxes are one of the best ways to combine these principles into a gift people can\u2019t wait to receive.<\/span><\/p>\n Companies want simple <\/i>corporate gifting ideas that:<\/span><\/p>\n But corporate gifts don\u2019t only offer value for clients and employees. Offering corporate gift boxes is a solid decision for any business looking to add a reliable, new revenue stream year-round.<\/span><\/p>\n Forbes reports<\/a> that corporate gifting is a booming, $125 billion market that will continue to grow in the coming years. So, when corporate gift boxes are done well, they can translate into a wildly profitable choice for the businesses who’ve productized them.<\/span><\/p>\n Whether it\u2019s through aesthetically packaged fresh-baked cookies or custom-branded socks, Packlane’s customers know that creating custom boxes to package products is a cost-effective way to add premium value, whether it’s for clients they’re serving or gifts for their own employees.\u00a0<\/span><\/p>\n However, you can\u2019t put just any old gift in your corporate gift box. Following the industry\u2019s best practices for creating memorable, attractive boxes are essential to help the corporate gifting arm of your company flourish.<\/span><\/p>\n Here’s what we’ll cover in this ultimate guide to corporate gifting:<\/span><\/p>\n \u201cGifts humanize business.\u201d<\/i><\/span><\/p>\n It\u2019s a simple truth that explains why corporate gift boxes are so popular. Companies that give back tend to:<\/span><\/p>\n Gift-giving helps humanize companies and sends a powerful message to gift recipients: \u201cWe care about you.<\/b>\u201d Many corporate businesses struggle with developing a strong human connection. So, they turn to you for help.<\/span><\/p>\n This is the foundation that a profitable corporate gifting program is built on. The goal is to curate, package, and sell unique corporate gifts that help companies send thoughtful messages that deepen and strengthen their relationships.<\/span><\/p>\n Accomplishing this goal starts with building the base-structure of your program and choosing the right gift box items to offer. From there, designing your packaging and sending your boxes off to their new homes is all that\u2019s left.<\/span><\/p>\n It may seem complicated right now, but rest assured it\u2019s a lot easier than it sounds.<\/span><\/p>\n Let\u2019s start at the beginning.<\/span><\/p>\n Determining the structure of your corporate gifting program is as important as the gifts themselves. If you’re offering corporate gift\u00a0boxes as a\u00a0product\/service, think about the types of businesses you\u2019re going to work with. Then, consider:<\/span><\/p>\n After thinking through those considerations, you\u2019ll have a solid foundational structure for your new program. Let\u2019s dive into each one a bit further.<\/span><\/p>\n Creating a year-round stream of revenue means going beyond annual holiday gifts<\/a>. What other situations call for celebration, sympathy, or recognition within a company?<\/span><\/p>\n These events and milestones become foundations of the way you\u2019ll structure and market your new corporate gifting program. You may want to think about:<\/span><\/p>\n Decide which events you want to help with and start thinking about the types of gifts that are appropriate for each one.<\/span><\/p>\n Clearbanc<\/a> uses its Founder’s Box as a way to personally thank founders of businesses for choosing Clearbanc with a handwritten note and a pair of branded socks.<\/span><\/p>\n Your corporate gifting program will appeal to a wider range of business clients when you offer a variety of items and box options at different price points. Consider what pricing levels you can realistically offer and think about how much the businesses you work with will be able to invest.<\/span><\/p>\n Consider the cost of each gift you\u2019re going to include in every box (we\u2019ll talk more about some cool ideas in a bit). This will help you decide how much to charge for different options and create a tiered system with different price points.<\/span><\/p>\n Being strategic about your price points will help ensure your program actually turns a profit. Which\u2026 is key to a successful and long-term corporate gifting program.<\/span><\/p>\n Clients ordering a large number of gift boxes expect to receive a discount for bulk orders. Once you\u2019ve selected your items and box options, calculate what kind of discount you can feasibly offer for bulk orders that meet certain thresholds.<\/span><\/p>\n This helps keep loyal customers happy and offers an incentive to order large quantities. But, it also helps you make sure you\u2019re still turning a profit despite the bulk order discount.<\/span><\/p>\n Think about the level of support each business is going to need throughout the process. Then, consider the number of employees you should have in place to successfully help them from start to finish.<\/span><\/p>\n Think back to the last time you needed help with something but couldn\u2019t find a number to call or an email to reach out to. You probably felt:<\/span><\/p>\n Those are the last things you want your customers to feel!<\/span><\/p>\n So, put a plan in place to make sure your customers don\u2019t have to go through the process alone. Furthermore, make sure you have the right <\/i>personnel to handle customer service and support for your corporate gifting program.<\/span><\/p>\n It\u2019s wise to assign an account manager to each business to ensure their needs are met through a trusted point of contact.<\/span><\/p>\n Every business wants to give a gift that feels personalized. Otherwise, what\u2019s the point?<\/span><\/p>\n Not every company will want to put their logo or brand colors on items or boxes. But, they\u2019ll probably want the ability to choose:<\/span><\/p>\n Determine the customization options you think your clients may desire and which ones you\u2019ll offer as you build your program. Then, go back and make sure you have the level of customer support you need to streamline the customization process.<\/span><\/p>\n Interested in learning more about how to customize gift boxes? Don\u2019t worry! We\u2019ll chat more about the actual process in a moment.<\/span><\/p>\n You might remember Bombas<\/a> from ABC\u2019s Shark Tank, where co-founders David Heath and Randy Goldberg made a deal with FUBU founder Daymond John. Bombas makes quality socks and donates a pair to someone in need for every pair sold.<\/span><\/p>\n They\u2019ve branched into corporate gifting<\/a>, offering customizable socks in packaging that showcases the quality of their product and tells recipients about the ways their gift is giving back.<\/span><\/p>\n Traditionally, Bombas found that gift boxes had a very long lead time but since they began working with Packlane, their turnaround has sped up and they’re now able to offer branding for their corporate clients. Most of their boxes contain four pairs of\u00a0 Bombas socks that are gifted to employees or prospects.<\/span><\/p>\n According to Alex Cohen, Associate Director of Corporate Sales at Bombas, their boxes are assembled by the Bombas team in their warehouse and then shipped to customers. For smaller orders, they’re able to ship the socks directly in their custom mailer boxes.\u00a0<\/span><\/p>\n Offering customization outside of just their socks has been really important to their clients.\u00a0Clients who want specific branding for their boxes work with Bombas’ design team to add their logo and branding elements to make each box a truly special item.<\/span><\/p>\n Once you\u2019ve determined how you\u2019ll structure your program, you can start curating ideas for corporate gifting. You may already have some ideas, but this list will help get the wheels turning so you can offer an exclusive and well-curated box of goodies.<\/span><\/p>\n As you make your final decisions, go back to your chosen price points. Are you still going to profit from each pricing tier? Consider how much each item is going to cost and make sure you don\u2019t blow your budget. If you do, raise your prices or reduce the number of items in the box.<\/span><\/p>\n Now… onto the goodies<\/i>. If you\u2019re not selling gift boxes containing products you make, these ideas for corporate gifting will help you get started curating the best <\/i>corporate gift boxes!<\/span><\/p>\n Ship Sunshine<\/a> fills their boxes with items designed to bring a smile to the person who receives it. According to owner Anna Costello, they source many local (Colorado) and women-owned items to support small businesses.<\/span><\/p>\n They choose eco-friendly packaging<\/a> supplies like crinkle wrap and tissue paper to keep their boxes protected and safe during shipment. You can learn more about their corporate gift boxes on their website<\/a>.<\/span><\/p>\n From high-end, healthy snacks in pretty packaging to rich, sweet or salty treats, consumables and beverages (with a good shelf life) are one of the most reliable ideas for corporate gifting items. They\u2019re not the most personal choice, but they\u2019re almost universally enjoyed.<\/span><\/p>\n Fans of The Office might remember how strongly Michael Scott felt about gift baskets filled with goodies: \u201c…I think he’s forgetting about the original instant message: Letters attached to baskets of food.\u201d<\/i><\/span><\/p>\n While his gift basket plan didn\u2019t exactly work out, I think Michael was onto something. People love giving and receiving tasty treats! Other types of gifts can result in more clutter for the recipient once they\u2019re brought home, but consumables don\u2019t usually hang around for long.<\/span><\/p>\n They also allow for many moments of enjoyment (and sharing that enjoyment with others) for the recipient.<\/span><\/p>\n Cured<\/a> is a small shop in Boulder, Colorado founded by husband and wife team Will and Coral Frischkorn. They offer a hand-picked selection of cheeses, charcuterie, wines, spirits, and other unique items.<\/span><\/p>\n\n
Booming market<\/span><\/h2>\n
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Corporate gift boxes: how to create a lucrative revenue stream for your business<\/span><\/h2>\n
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Structuring your corporate gifting program<\/span><\/h2>\n
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Choosing events and milestones<\/span><\/h3>\n
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<\/span><\/p>\nDetermining your price points<\/span><\/h3>\n
Offering bulk order discounts<\/span><\/h3>\n
Developing a customer support system<\/span><\/h3>\n
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Offering customization and personalization options<\/span><\/h3>\n
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Use case: Bombas<\/span><\/h4>\n
<\/span><\/p>\nIdeas for corporate gifting: curating goodies recipients will love<\/span><\/h2>\n
<\/span><\/p>\nConsumables (AKA\u2026 the tasty stuff)<\/span><\/h3>\n
Use case: Cured<\/span><\/h4>\n
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