The Pros and Cons of Gift Certificate Giving in the Business World
Giving gift certificates in the business world can be a bit tricky. Though there are literally thousands of retailers out there that offer these easy-to-give-gifts, there are both pros and cons to using them this holiday season.
The pros of using gift certificates for your business gifts include: theyre easy to buy, you can get a gift certificate for just about any store, and the price isnt fixed (you get to designate how much it will be).
Yes, gift cards might be the easiest gift to buy when shopping for those on your holiday list. You dont have to spend time thinking about what the person might like (more on this later). You dont have to be familiar with their hobbies or pastimes in order to buy them a gift. This is useful in giving business gifts because a lot of times you dont have the kind of relationship with someone that enables you to buy them a gift they would actually like.
These days most stores carry gift certificates. You can walk into just about any store and ask for a gift certificate and theyll have one for you. Some stores use a nice looking certificate but the new thing is gift cards. Some places will have different designs to choose from, which is always fun; the different designs kind of spice up the gift.
Gift certificates are also great because theyre not priced like other merchandise in the store. If you want to spend $10 on someone, then you can get a certificate for $10, its that simple. If you want to spend $100, you can do that too. Though most places let you choose the amount, some places have a fixed amount on the certificates; maybe they sell them in $10 increments. This really isnt a problem either.
Sometimes when buying a gift you find something that you really want to give the person but its out of the price range you are willing to pay. So you might decide to buy something else just to meet your budget. Or, you may break your budget and buy the item anyway. In the first scenario, the person receiving the gift would be getting something inexpensive rather than something they would really like. In the second, your pocket book is broke.
This is another reason that gift cards are so wonderful. You dont have to settle for anything less than what you wanted to buy, and you dont have to go broke. Giving a gift certificate will give the person the power to get something that they really want. And if its just a portion of the dollar amount that they need, thats great because its just that much less that theyll have to pay for their desired item.
On the flip side, there are also cons to using gift certificates for your business gifts. These include: theyre too easy to buy, they get lost easily, and many people end up never using them.
The fact that gift certificates are so easy to buy can look enticing to some gift givers (as stated in the pros section). But this very reason can make a gift receiver think that you didnt put any thought into it. So this one point can work as either a pro or a con, depending on the gift receiver. Some will think its important that you put some thought into the gift and personalized it and for others the mere fact that you thought of them will be enough.
Its a fact that gift certificates tend to get lost easily. People stuff them into dresser drawers or set them on the desk, and they are never to be seen again. This is a bummer because they never get the gift and your money has been thrown away. Hopefully, when you give a gift certificate, the person will be organized enough to put the certificate in a designated place in which it will not get lost.
Sadly some gift certificates simply never get used. Maybe the person doesnt really enjoy shopping or maybe they dont like the place where the certificate is from. Some people just forget about a gift certificate and never spend it.
When buying your gift certificates this holiday season remember to buy them at a store in which the receiver will definitely find something useful. This will motivate them to actually use the certificate and not misplace it or forget about it. Then your money is well spent and the person will think of you when they use the item they choose to buy.
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