138 – Your Stress Free Holiday Business Gifting Plan

Sue - Stress Free Holiday Business Gifting Plan

In the hustle and bustle of the holiday season, we’re so focused on getting gifts made and sold for our business, that remembering to do our own holiday business gifting is an after thought.

That’s dangerous and stressful because addressing this at the last minute leads to overspending and mis-aligned results.

You throw a list together in haste hoping you don’t forget someone. The gifts you find “will have to do” so at least you’re sending something. And it becomes a big chore when the intent was to extend sentiments of gratefulness and appreciation through your business gifts.

That can change this year. Here’s your plan.

The Holiday Business Gifting Plan

Why do you need a holiday gifting program in the first place? [2:52]

Step One

Determining a budget at the beginning eliminates overspending. [5:39]

Step Two

Breaking your gift recipients into three lists weights gift cost correctly. [7:13]

Employees – List One [7:26]

Vendors – List Two [8:02]

Customers – List Three [8:49]

When you have a lot of customers (good for you!) break them out into tiers. [9:27]

Step Three

Allocating dollar values to your lists and individual recipients gives you financial direction when searching for the right gift. [11:21]

Step Four

Here’s the stress relief part. Tracking your progress keeps you moving forward and knowing exactly when you’re done! [16:47]

Keeping a log also helps you progress faster with your holiday business gifting next year. [17:25]

Download Worksheets and Planners

The Holiday Business Gifting Plan

The Personal Holiday Gifting Worksheet

Holiday Promo Planner - GiftBizUnwrapped-com

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Transcript
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You're listening to gift biz on rapt episode 138,

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all of a sudden it's like,

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Oh my gosh,

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what about the holiday gifts that I need to be sending

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out? Hey,

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this is John Lee Dumas of entrepreneur on fire,

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and you're listening to gift to biz unwrapped.

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And now it's time to light it up.

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Well, hello,

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and thank you for joining me on the show today.

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If you're eight gifter Baker,

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crafter or maker,

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and you own a brick and mortar shop sell online or

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are just getting started here is where you will find insight

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and advice to develop and grow your business.

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And if you want even more gift biz motivation,

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I'd like to invite you to join our private Facebook group

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called gift Springs,

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pursuing your dreams should be fun,

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exciting, and rewarding,

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not stressful and scary.

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When you join the breeze,

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it's like sitting in the park with friends who bring you

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all the support and the answers that you need,

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and that you've been looking for.

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You'll have access to a group of amazing creators along with

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tools and resources that can catapult your business grow and a

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heads up.

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If you're listening right now,

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as this episode is released or shortly thereafter,

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you'll want to get over into that group.

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Soon, I have several special opportunities happening there right now.

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You have to be part of the group to participate.

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I'm talking about three opportunities to affect your business this year.

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So don't delay to join the group,

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go over to gift biz,

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breeze.com. I look forward to seeing you over there,

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but for now,

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let's get onto the show today.

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We're going to talk about,

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About holiday gifting for your business,

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from a different angle.

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Normally, when you think about the holiday season,

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the focus is on what promotions am I going to do?

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What networking events am I going to attend?

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How am I going to attract people into my business to

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buy my products and services as holiday gifts?

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So this time we're going to switch it up because there's

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a whole nother side of this that we need to consider.

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And that is what are you doing as a business owner

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in terms of giving holiday gifts.

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This podcast is part of a mini two part series on

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the holidays.

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If you will,

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the prior podcast talked about holiday promotions and what you should

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be doing with holiday promotions and how to enhance and get

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the most mileage out of whatever you're doing,

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not just for this year,

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but to make yourself even better for the following year.

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If you haven't caught that episode yet,

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it's number one 37.

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So the one right before this one,

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and I encourage you to jump over and take a listen

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to that one.

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But again,

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today, we're talking about holiday gifting for your business in terms

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of the holiday gifts that you should be sending.

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I think the best way to start off with this is

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why should you be doing it in the first place?

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And honestly,

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we need to turn the mirror to ourself it's for same

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reason why we're telling our corporate accounts that they should be

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doing a gifting program,

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or we're telling customers that are coming into our shop.

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They're shopping for gifts for similar reasons.

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And the reasons really are to show the importance of various

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people in our life.

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And clearly in our business,

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we have many of them and we're going to be talking

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about them in a minute.

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And during the holiday,

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it's really important and valuable to recognize those people who are

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special to you,

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people who have provided services for your business,

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which would be employees and also vendors,

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and then also the all-important and obvious customers where you are

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getting revenue into your business so that you're going to be

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able to stay open.

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The problem often becomes,

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we think of it at the last moment,

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because as I was mentioning at the top of the show,

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we're usually thinking about how are we gonna attract people into

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buy our things,

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but there's a certain way and a certain really easy system

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that allows you to plan how you're going to be doing

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gifting. And it's important because if you don't think of this

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till the end,

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when you're in the middle of a stressful holiday season and

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all of a sudden it's like,

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Oh my gosh,

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what about the holiday gifts that I need to be sending

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out? If you think of it,

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then you're rushing through.

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You're clearly going to spend more money.

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You're probably not going to get the best gifts that you

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could get in terms of the impact and the symbolism that

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you would want.

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And it's just going to be one big mess.

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There's no plan.

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It'll all be done on the spring.

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The moment you won't get the right gifts and you're definitely

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gonna spend more money.

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So yeah,

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Much better to think about it beforehand and to actually have

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a plan.

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So I've put together for you four steps of a holiday

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gifting plan that I've used.

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I'm going to say for the last,

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wow, 10,

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12 years ever since I started my gift basket business way

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back when,

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and it made things so much easier because I first didn't

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forget anybody.

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I knew exactly how much I was going to be spending

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and where it was going to go and just tracked everything.

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So let me share with you this plan.

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I did make a worksheet that accompanies this podcast so that

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you don't have to create anything from a blank piece of

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paper. You'll be able to just follow along and fill in

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the blanks in terms of what you need to be doing

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versus creating a system similar to mine.

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So to grab that freebie,

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you'll go to gift biz on rap.com

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forward slash one,

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three eight,

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and you can automatically get that worksheet,

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but let's get started now with the plan.

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Step number one,

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the very first thing to do is to set a budget.

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How much can you afford to spend or want to spend

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on holiday gifts in total?

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This is your overriding Budget.

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Now, before I got behind the mic,

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I jumped Onto Google real fast to see if there was

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any type of a guideline of how much people spend,

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like what percentage of overall sales would you suggest for holiday

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gifts? And honestly,

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I didn't find anything that I felt was really representative for

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us here.

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So going back to,

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should it be a certain percentage of revenue coming in?

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Should it be a certain dollar amount?

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Overall? My best advice for you is to put down a

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number that you feel comfortable with,

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that isn't going to stretch you too far.

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You know how the numbers fall within your business.

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So put down something that is going to work for you

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and that you feel good about.

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All right,

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so now you've got a dollar value set.

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This is the overall total amount that you're going to spend

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for the holidays.

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And I'm going to lay down some tough love here.

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You cannot exceed that amount no matter what you do.

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That's the reason to have a plan.

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So you're not overspending.

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And there are lots of things that you can do that

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don't have to cost money,

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but will be on this worksheet because you want to again,

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recognize everybody in your life who has helped contribute to the

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starting and growing of your business.

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All right.

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So number one,

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you've got that budget number set.

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Step number two is to create three different lists.

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And all you're doing right here is your identifying.

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All of the people that you want to give gifts to

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the first list is your employees.

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This will include people who aren't necessarily,

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even in your Office space.

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Maybe you have a virtual assistant,

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possibly You've outsourced some services such as your social media or

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your accounting,

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or you have someone who does your taxes.

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All of those types of people you want to put down

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here, they're on your team and they are part of your

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business. It is Oh,

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so important that you recognize them and show them how much

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you appreciate their participation and dedication to their work.

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The second list is vendors.

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So these are people,

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obviously who you have been purchasing product or supplies from.

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And also people that you've been purchasing services from.

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Think about how you're getting your delivery done.

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Maybe you want to include your mail carrier,

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your ups or federal express person.

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Also think throughout the year,

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has there been somebody who really helped you out in a

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point of need,

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maybe you needed a rush package sent out or something extra

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special, put a little star by their name because you want

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to make sure to remember,

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to mention that you recognize and appreciate the help that they

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gave you for that certain event.

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So that's the second list.

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So we've got an,

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a list for employees.

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We've got a list for vendors,

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and now we're going to move on to a list for

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customers. Now you may be saying,

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Oh my gosh,

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that one going to be so hard.

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I have so,

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so, so many customers,

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how am I ever going to recognize our list?

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All of them,

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don't worry.

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I've got you covered.

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I have approached this in a couple of different ways with

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my past businesses.

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And one of the things that I found really helps with

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this Is if you put customers Into tears,

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for example,

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if you have a lot of customers,

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if you don't,

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if you're still smaller and you're growing and you have,

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I don't know,

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10, 20 customers,

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that's real easy.

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You can just list all their names.

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If you're into the hundreds or thousands of customers,

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then this tearing idea really helps.

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Let me share with you the way I did it.

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My first tier was by revenue.

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Let's face it,

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Even though all customers are important and valuable,

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the ones that bring you in the most revenue,

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you do want to recognize they're special.

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They are holding your business together,

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or have possibly gotten you to a new revenue level within

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your business.

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So you want to look at them and say,

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thank you to them through a holiday gift.

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You can capture this information.

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If you haven't been already through whatever accounting program you're using.

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I happen to use QuickBooks and identify who the top,

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let's say,

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10 clients are for you by revenue.

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So that would be put on your tier one list.

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Tier two is kind of an intermediary list.

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If you will,

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they may be up and coming customers of yours.

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They may be customers who have done some special things for

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you throughout the year.

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There may be different reasons.

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This is kind of a miscellaneous category of people that you

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still want to identify individually,

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or it could be another tier of revenue,

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any way you want to work.

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This of course is fine.

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And then the third tier would be all your other customers,

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because I kind of feel like no matter who their customers

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are, they should be getting some type of recognition from you.

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And this could be the tier where you're not spending as

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much money,

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but you're still able to identify and safe.

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Thank you.

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And I'll talk about this in a second.

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So to wrap up my step two,

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you're creating these three lists,

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employees, vendors,

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and customers,

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and then the customers are broken down into tiers.

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If you see that that's appropriate for your business,

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step number three now is to plan out your gifts.

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So you've got all The people you've now know that Quantity

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pretty much in terms of how many people there are.

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And the reason I say it that way is that tier

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three I was talking about could be a couple hundred people

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or maybe thousands of people,

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right? But you still want to identify that they're somebody that

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you want to pay attention to.

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Now you start breaking out.

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What am I getting these people?

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What are the gifts going to be?

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And you can approach this in a couple of ways.

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One way to first start breaking up the dollars into all

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of the different names and all of the different lists.

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Let's go back to the example,

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like if you'd set a budget of,

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let's say $200,

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so now you can start applying,

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okay, half that budget is going to go to my employees,

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for example,

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or 25 employees,

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25 vendors,

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50 customers,

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whatever it is,

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you get the ideas you break out and allocate dollars to

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your different lists.

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And then you also allocate dollars within the list.

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And this might sound a little confusing,

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but remember I told you that I have a worksheet that

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has already been created for you on this.

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You'll see what I mean,

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in terms of the dollar allocation,

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this is the best way to make sure that you don't

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go over budget because once you know how much you have

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that you can spend for somebody,

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then you can retrofit in gifts.

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That make sense.

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And honestly,

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I got to tell you,

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being recognized for the holiday and making that gesture outward of

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holiday greeting is so much more important than how much you

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spend on the gift.

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So remember that if it's a difference between sending out a

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gift at all,

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or sending out just a small gift,

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I would send out a small gift versus sending out nothing

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examples of things that you can do.

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I'm going to take it from the bottom.

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So let's say in tier three,

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that list,

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that exists of hundreds of customers,

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right? That may be just a very nice personal email greeting

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through whatever email system that you're using,

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constant contact,

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a Weber,

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whatever it is.

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That's a great way to cover a large group of people,

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but having done something for them,

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for the holidays and no cost to you.

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FYI, think about it.

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If you don't Put it down on the list,

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you might forget to do it.

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So just a nice email would be a gift.

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Okay? Then you can go up maybe for a certain tier.

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You're going to give cards.

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You're going to have cards printed from your business.

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And you're going to send out a nice card.

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That also is enough.

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You're recognizing and showing that you've taken special thought For somebody.

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So those May be some certain things that you do.

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Again, that don't cost a lot.

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I'll tell you something that we're doing right now over at

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the ribbon print company.

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And those of you who are customers of ours and are

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ordering, you already have seen some of this happening.

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But what I'll do is as I'm out at trade shows

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throughout the year,

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I'll find some product that I really like,

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and I will purchase.

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Normally they'll allow me to have it wholesale because I tell

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them what I'm doing.

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I'm including them in orders.

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When people are placing orders through the holiday season,

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we make a little nice message on printed ribbon and include

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a product in there.

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It's like a nice little treat.

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It gives that business,

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some extra visibility,

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and it's another way of us thanking and hopefully delighting our

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customers throughout the season.

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This is another example of an idea for you,

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especially if you are a wholesaler and you're in the consumable

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business. So gift basket people,

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you guys buy product for your stores that are consumables.

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That's the type of idea,

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something that you can do in terms of a gift.

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And then you go up again to the higher priced people,

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your employees,

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and possibly vendors for vendors,

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great gift cards,

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my postal carrier and ups guy who I adore.

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I'll give gift cards and then maybe a nice thing of

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chocolate or something fun throughout the holiday season.

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And also I have to say money,

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money goes a long way.

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Even if it can only be $20,

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it adds up because you know,

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a lot of other people will give money to,

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but some money in a nice card.

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Those are some,

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just some different ideas of the types of gifts that you

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can give.

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And then obviously for employees,

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anybody within your business bonuses are great.

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And if you know them and you're close with them,

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some type of a physical product as well,

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you know,

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that way better than I do based on who's in your

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business. But you see what I mean in terms of allocating

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the different dollar amounts and then what the gifts are going

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to be.

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And this helps so much too with direction when you're going

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out and you're thinking,

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Oh my gosh,

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okay. For my right-hand person,

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I need to get her something really special and I can

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spend $75 or whatever the dollar amount is going to be.

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Right. At least you've got some direction and you're not just

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haphazardly finding something.

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It's the last minute spending $300 when we really should have

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only spent 75 and then come January,

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you're in a whole heap of trouble and having to dig

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out right in the beginning of the year.

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Okay. And then finally,

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step number four is tracking all of your action towards completing

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your holiday gifting program.

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Again, within that free download that I've already told you about,

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there's a whole tracking form.

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So you've got all your lists and then the tracking form

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includes what your dollar allocation is,

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what gift you're thinking of giving and what gift you've actually

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given, how much you've spent.

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And a little side note with your pricing.

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Remember that should include shipping because shipping is alive cost to

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you. If indeed you have to send the product out.

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So make sure to include that in your overall budget and

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your costs.

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And then there's a nice check sheet so that you can

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see for each category in each person,

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okay, I've purchased the gift.

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It needs to have a card,

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or does it need to have a card I've sent it

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out. And so they are done that way at the very

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end, when all is said and done,

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you know,

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that you've gotten everybody covered.

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Now, the other nice thing about this type of a planner

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is next year,

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you don't have to go back and re remember who all

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the people are that you need to be gifting.

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You also can decide what's my budget too much was my

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budget, too little heaven forbid you forgot somebody this year.

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You can add them to the list right away so that

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you don't forget them for the following year.

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And all told this is such a stress reliever because let's

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face it.

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Our mind is on getting business,

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getting customers,

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filling orders,

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creating products,

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all of those things that make the holidays so stressful yet.

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Really great.

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When we look at our bank accounts in January,

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we're not necessarily looking at the business gifting side and we

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should be that's the business we're in.

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So just by tracking this,

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putting this down on paper,

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it relieves your stress,

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allows you to spend your energies on actually fulfilling those gifting

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lists instead of figuring out what to do and doing it

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haphazardly. So again,

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to summarize for your holiday gifting plan for your business,

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my suggestion is you follow my planner,

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go ahead and download it.

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Gift biz on wrap.com

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forward slash one 38.

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You're going to set yourself a budget,

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create three lists of names.

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So you have everybody written down that you're going to need

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to send a gift,

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to put a larger customer list into tiers.

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And then step number three,

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you're going to plan out the gifts with dollar allocations and

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then also what you're thinking the gifts could be.

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And then for tracking it all so that you have documentation

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going into the following year of how much you've spent,

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what you've done.

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And it's much easier to make adjustments when you do this

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same project next year,

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if you're listening to this episode,

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when it's going live,

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we are smack in the middle of the holiday season.

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So I'm sure you're already feeling the stress and the pressure

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and the tension and the excitement and the buildup for the

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holiday season.

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Consider this my gift to you so that you've got everything

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covered, both on the promotional end,

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which was the prior episode.

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And on the business gifting end,

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you can get these tasks done,

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but then also have some time for yourself to really enjoy

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and take in all that this holiday season is supposed to

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be within our industries.

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It's so easy to let this season pass us by in

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terms of the joy and the excitement and the beauty and

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the giving and the friendship and the fun of parties and

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all that the holiday supposed to be because we've got the

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business to run and the products to get out and the

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customers to serve.

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And there's so much work to do.

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So these two episodes are my little gift to you to

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hopefully make that easier.

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So you can look up from all the work that you're

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having to do and take some time and grasp the beauty

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and the warmth of the holiday too.

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And that's not all,

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I decided that since we were talking business gifting,

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I really should include friends and family gifting as well.

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So yet another download worksheet for you that you can get

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at gift biz unwrapped forward slash one 38 capital P P

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as in personal friends and family personal,

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right? And this is a worksheet similar to what I've just

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gone over with you on the business end,

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but it captures more of the needs that you have when

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you're doing personal gifts to friends and family.

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It also includes such things as don't forget something special for

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your hairdresser or the newspaper delivery person or any of the

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other types of services you have possibly it's cleaning or food

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prep and centrality budgets can so easily get out of hand.

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There's also a space for things such as hostess gifts and

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holiday cards and possibly new holiday decorations.

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So again,

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that's available to you a little different format,

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but I know you'll be able to understand it.

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And again,

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you can use this and track this then from year to

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year, I've actually used this for my family,

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this exact worksheet for probably,

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Oh, I don't know,

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10 years now.

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It's kind of fun to go back cause I can see

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what Santa has brought the kids over the course of time,

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how much I've spent on holiday gifts season over season,

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et cetera,

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for family budgeting purposes.

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It's just wonderful for a wealth of different reasons.

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Again, my gift to you,

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if you didn't catch the links,

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they will be over on the show notes page.

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So happy holiday selling happy holiday gifting.

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That's a wrap Today's show is sponsored by the ribbon print

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company. Looking for a new income source for your gift business.

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Customization is more popular now than ever grant your products with

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your logo or print a happy birthday,

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Jessica ribbon to add to a gift right at checkout,

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it's all done right in your shop or cross studio in

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seconds. Check out the ribbon print company.com

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for more information after you listened to the show,

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if you like what you're hearing,

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make sure to jump over and subscribe to the show on

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iTunes. That way you'll automatically get the newest episodes when they

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go live.

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And thank you to those who have already left a rating

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and review by subscribing rating and reviewing you help to increase

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the visibility of gift biz on raft.

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It's a great way to pay it forward,

1 Comment

  1. Michelle on December 2, 2017 at 5:01 am

    Thanks for the great tips, suggestions and work plans, Sue! Getting stuff done!

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