5 Ways to Use Premium Promotional Products

 

According to fortunebusinessinsights.com, “the global luxury goods market size was USD 316.16 billion in 2019." Statista reports these highlights: 

  • Revenue in the Luxury Goods market amounts to US$349.10bn in 2022. The market is expected to grow annually by 3.72% (CAGR 2022-2027).
  • The market's largest segment is the segment Luxury Fashion with a market volume of US$109.70bn in 2022.
  • In global comparison, most revenue is generated in the United States (US$74,670.00m in 2022).
  • In relation to total population figures, per person revenues of US$45.86 are generated in 2022.
  • In the Luxury Goods market, 20.8% of total revenue will be generated through online sales by 2022.

 

The luxury and high-end market calls for premium promotional products to attract more luxury clients, maintain loyalty with current customers and solidify their brand as a competing luxury brand in the marketplace. 

 

Here are 5 Ways To Use Premium Promos:

 

  1. VIP Swag for Media/Influencer Promo Kits: When it comes to getting the word out quickly about a brand, social media has changed the game with advertising and marketing. VIP swag is a sure way to show off a luxury brand's identity with high end products like Apple airpods, JBL speakers and more.
  2. Sponsored Galas & Events: Luxury brands are consistently sponsoring galas, black tie events, charities and more. During those events, luxury brands have the ability to gift special guests with premium promotional products to go the extra mile to making their brand's presence felt.
  3. Gift with Purchase: For luxury brands who want to give an extra gift with purchase, use premium promotional products as a way to make the gift with purchase special. Premium promotional products ensure that they will be constantly reminded of their favorite luxury brand.
  4. VIP Client Gifts: It's not unusual for luxury brands to have high paying clients who expect special and exclusive service. These clients request private shopping experiences and VIP access to products and locations. These clients often bring other customers to the brand. And for these, premium promotional products is a small token of appreciation for their loyalty.
  5. Social Media Blitz: Up and coming luxury brands can help increase their social media presence and following with using premium promotional products as a giveaway products to engage new customers.

 

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