Are you interested to know how you can measure the ROI of your promotional products? As a modern marketing expert or a business owner, it is essential for you to figure out how you can measure the rate promotional product item against any other form of marketing technique. There is a close relationship between promotional products and ROI.
According to the recent survey done by the PPAI, an average item of promotion that is around one year old is encountered to gain at least 2.5% new audience through the original receipt. This whole scenario is known as reach amplification. If you think that your product is exciting, then it is not always possible that it will be liked by the customers too. This is the point where your products will be visible to other audience as well whom you are not targeting right now. In this way, even though if you are not inviting them towards your product or services, they will still be interested to know more about you.
If you are spending around $1000, you will be able to spread your brand or its services to approximately 1400 target audience in one year. Your Cost Per Impression over the target audience has to be $0.71. If you look at any single company services and its conversion rates, you will be able to figure out a proper idea about the ROI of their advertising campaign.
For getting high success in ROI measurement, it is essential to choose a promotional product that directly connects your brand message towards the audience. If you think that your product is exciting, then it is not always possible that it will be liked by the customers too. If the customers are not able to understand your brand message, they will no longer take any interest to know about your promotional product as well.