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Why Use Promotional Products - Keeping Customers and Growing Your Business

Why Use Promotional Products

Keeping Customers and Growing Your Business

Perhaps we should start by asking why a business like yours would want to giveaway personalized promotional products at all. Maybe you've never used them. Or maybe you have, but beyond knowing that they're supposed to be good for business, you've never really analyzed why that's true. Here are a couple of facts and statistics we've come across that really make the case for paying close attention to how you market your business, both to customers and employees.

  • The average U.S. corporation loses 50% of its customer base every five years.
  • Among customers who change providers or suppliers, 45% say poor customer service was their top reason for switching.
  • Companies can double their profit by reducing customer defection by just 5%.
  • When customers' problems are solved, 82% will buy again.
  • Each lost employee costs a company an average of $70,000.

Those figures should make you think about what you could be doing to improve your performance in customer and employee retention.


Welcome to Myron. For 59 years helped organizations strengthen their relationships with customers and employees by successfully using business gifts. Here you will find quality custom personalized promotional products and advertising specialties all backed by our 100% satisfaction guarantee to help you build you business.