How to Budget When Sending Corporate Gifts
Giving cheap customised gifts to your clients in Singapore can be a great way to gain their trust. However, giving gifts can be tricky. Besides ensuring it will show your gratitude, you have to make sure your gift is not lavish, and that would make them feel uncomfortable receiving it. To ensure that you would not go overboard, consider these factors.
Create a List of Recipients
Since customised corporate gifts are not cheap in Singapore, you might not be able to present one for everyone. Thus, you must carefully consider which clients to give corporate gifts. Ask yourself, how long have you been working with them? Have they been a great help in the growth of your company?
Establish Your Spending Amount Per Receiver
To give you a heads up, this is not about dividing your overall budget by the number of recipients you will be sending corporate gifts. This factor means giving back what you have received from them. It is similar to the phrase: an eye for an eye.
Ensure Your Gift Is Appropriate for the Occasion
Since there are countless occasions for sending affordable corporate gifts, you have to make sure your gifts match the celebration. For example, if it is for CNY, send something they can give them luck.
Read their Gift-Giving Policy
Whether public or private companies, establishments in Singapore have gift-giving policies. These are rules and regulations that determine if your corporate gifts in Singapore are within the budget. It means that no one will misunderstand your present as a bribe.
When it comes to corporate gifts, affordable ones are okay since it does not need to be expensive. So, make sure to plan smart and prepare well before buying corporate gifts!
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Resouce:
https://visual.ly/community/Infographics/business/how-budget-when-sending-corporate-gifts
