Marketing collateral plays a vital role in increasing sales of your products and services. In order to build a brand in the market, it’s essential to develop attractive yet useful marketing material. It can grab the attention of potential customers and increase brand awareness, which leads to increase in interaction and hence conversions.

Not many business people are aware of the importance of refreshing existing collateral every now and then. Although it’s a big investment, the rewards are worth it. However, you should carry out market research first to understand your target audience.

Why You Should Refresh Your Collateral?

Now that 2018 is already here, you should consider refreshing marketing collateral of your company. You may think it a loss of your investment to refresh collateral media. However, this approach isn’t in the best concern of your business. If you don’t refresh your collateral every year or so, you may end up losing your customers to your competitors.

Do you sometimes wonder why you’re unable to reach your target audience? It can be due to your outdated marketing material. By refreshing your collateral in 2018, you can reach your target market and increase the revenue of your business.

You should also update collateral every time your business launches a new product or a service. It’ll increase awareness about your products and you can find new customers for your business. You should get in touch with Custom Gear to design your marketing material.

How to Refresh Your Marketing Collateral?

If you want to refresh your collateral this year, here are the steps you should follow:

  • Audit Your Marketing Collateral

Conduct an audit of your existing content to evaluate its performance. Your marketing content includes brochures, logo, slogan and catchphrases. Find out if the collateral is actually being used to promote your brand. Find out how effective it is. It’ll help you improve your marketing strategy. Whether the collateral is physical or in digital form, you should determine its efficacy to add value to your customers.

  • Create a Marketing Strategy

You should create a marketing strategy to promote your business in an effective manner. Aside from attracting new customers, your marketing plan should also focus on retaining existing customer base. Ask yourself where your business is currently standing and where do you want to take it. Your marketing strategy should incorporate your short-term as well as long-term goals and objectives. Also, it should be flexible so that you can make any changes in your marketing strategy down the road.

  • Focus on 3 C’s

When refreshing your marketing collateral, you should never forget 3 C’s:

  • Consistency – You must have seen many businesses that started well but failed to provide same quality of service down the road. If you want to build your brand, you should be more consistent.
  • Communication – Communication is the key to successfully run your business. Regularly communicate with your customers to keep them up-to-date.
  • Creativity – Be creative with collateral. Only creative marketing material can grab the attention of customers.

All in all, you must regularly refresh marketing collateral for your business. It’ll help in the growth of your business and you can stay ahead of competition.