At
the time when it feels right to hide and not spend, we are
still very busy because our clients still entertain and believe
it is crucial to do so in the downturn. So why do
they say this?
•
Your clients are the most important
thing in your business. So when business gets
tougher, you need to be out there and making sure that your
customers do not forget about you, and that you make sure
your salespeople get even more new clients. Corporate entertainment,
and wine tasting events in particular, provide a very good
networking and therefore business environment to strike new
deals with clients.
• You do business with
people you like. This is at the end of the
day how business is done around the world, and no matter how
much money is spent on brand awareness or other marketing
tools, when it comes to services, people come first. And again,
the way forward is to meet up with clients and see them often
through entertainment in order to build up these crucial relationships
which will make them come to you for their next deal.
• Your
competition is doing it as we speak. If you
do not entertain and see your clients often in the downturn,
then it will be too late when the recovery happens.
So
how to entertain wisely?
• Spend
less on products but don’t compromise on service.
For instance, what is expensive in a wine tasting
event is the price of the wines provided. But at the same
time, you want to put an event which will impress. And this
is what Crimson Aroma is about: We never compromise on service
by providing you with the best sommeliers in London, and at
the same time provide different wine quality levels to fit
most budgets. Did you know that it can cost you as little
as £50+VAT per head to put an event with us?
• Use office-based venues
more often than costly external venues.
Most offices have very high quality conference rooms which
would be stunning venues for events and savings can be huge.
15% of our events were ran in offices last year against 35%
this year, and we expect this trend to continue for at least
a year, if not two.
• Finally
target your clients more wisely and spend the money on your
existing clients, and the good prospects, or the interesting
potential clients with
upcoming business requirements. |