BizGift Blog

How much do you spend on Thank You or Closing Gifts? Poll - BizGift™

Written by Team BizGift | Jun 20, 2022 2:22:36 PM

When it comes to giving a Thank You or Closing Gift, the amount spent can significantly vary depending on the context, relationship, and industry norms. Gifts are a staple in many professional interactions, serving as tokens of gratitude and tools for fostering stronger business relationships. Whether it’s a client who just closed a big deal, a referral who boosted your network, a contractor whose craftsmanship exceeded expectations, or a colleague who went the extra mile, the financial investment in these gifts can reflect the value you place on these relationships.

To understand spending patterns and preferences more deeply, we conducted a poll asking professionals how much they typically invest in Thank You or Closing Gifts. The results were quite revealing and have helped paint a broader picture of the current trends in professional gift-giving.

Based on our findings, a significant majority—nearly 62% of respondents—reported spending over $100 on closing gifts for their clients. This substantial figure underscores the importance many professionals place on leaving a lasting impression and solidifying a positive client experience. High-quality gifts in this price range are not just about gratitude; they are also seen as an investment in future business and referrals.

But the spectrum of spending does vary. While a large segment leans towards more premium gifts, there are still many who prefer modest but meaningful tokens. These smaller gestures often carry a personal touch that can be just as effective, depending on the relationship and the specific occasion.

We invite you to explore the detailed results of our poll below and see how your gift-giving practices compare. Understanding these trends can not only offer you insights into common practices but also possibly inspire you to rethink or affirm your approach to professional gifts.

See the detailed Poll Results here

Gift-giving in a professional setting is more than a transaction; it’s a strategic tool for building and maintaining relationships. Whether you spend $50 or $500, the key is to ensure that the gift is thoughtful, appropriate, and aligned with the recipient's preferences and your business values.

 
How much do you spend on Thank You or Closing gifts?

See our other Poll Results