Smart Tips to Spend Your End-of-Year Budget

The end of the year is quickly approaching. This year due to the pandemic condition, most businesses may not have got an opportunity to spend their marketing budget effectively. Here are some tips on the best possible ways to spend your remaining budget. Not using your entire budget could lead to a lower budget the following year. So, make use of it to gain your ground and make up for the time lost to the pandemic.

Staff appreciation

Use a portion of your remaining budget to show your team that you care! It will go a long way in boosting their team loyalty and productivity, which will turn out to be good for business. There are many ways you can say thank you to your employees.

From gift cards to incentives or hand written thank you cards and custom gifts – the list is truly impressive. If you are planning to handout custom giveaways, consider useful items like pens, notebooks, blue light blocking glasses and more.  How do you plan to say thank you to your crew this year?

Reward your clients

Celebrate the time of giving in its true spirit by handing out some well cherished gifts to your clients. Promotional products are not just a great way to get brand recognition but these make great holiday gifts as well. You can find a perfect gift that will impress your customers from our exhaustive collection of corporate gifts.

Marketing

Even during the end of the year your marketing plan should still be rolling. Try to come up with some innovative and inspiring goals and business plans for next year if you have money to spare; maybe you can spend a little more on social media ads to increase your online visibility and popularity. End of the year is the best time to try something new with marketing, especially from the lessons learnt from the pandemic situation.

Revamp the office

Add a fresh design or a dab of color to the workspace to make it welcoming for the team. If you have remaining budget, think of a little revamping. New furniture, refilling office supplies, upgrading the computers; it will all depend on the budget you have on hand. The New year is a great time to take a fresh look at the way you do business and revamping the office will definitely be an item on your list.

Have a better idea on things to do with the leftover budget?  Share with us on our Instagram or facebook pages to get featured.