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Kentucky Dept. of Fish and Wildlife Resources Gift Card Program Making Our Products And Services More Convenient.

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Presentation on theme: "Kentucky Dept. of Fish and Wildlife Resources Gift Card Program Making Our Products And Services More Convenient."— Presentation transcript:

1 Kentucky Dept. of Fish and Wildlife Resources Gift Card Program Making Our Products And Services More Convenient

2 The Gift Card Industry Information from National Retail Federation Annually, gift cards are a $40 Billion industry Gift card sales historically grow 20% compounded annually Gift card holiday sales hit $18.8 Billion in 2005 and $24.4 Billion in 2006

3 Consumer Statistics Cards are most popular among ages 25-34 75% of all U.S. Adults have purchased or received a Gift Card 93% of all U.S. Teens have purchased or received a Gift Card 60% of Gift Cards purchased during holiday period Birthdays are cited as the most popular giving occasion

4 Consumer Statistics (continued) Gift Cards became the most popular gifting item in 2005 surpassing apparel as the #1 Gift for the Holidays 75% of card recipients often spend more than the value of the card 2 in 10 consumers that received a card had never frequented the establishment before (new customers)

5 Why Gift Cards? Energizes New Sales / Drive Significant Revenue Growth Capture More of Customer’s Dollar Improves Operating Efficiencies Improves Consumer Satisfaction Make program apart of customer acquisition / marketing strategy

6 Marketing and Promotions In Store Online (web sales) Agency/License Vendor to Consumer Agency Incentives Third Party License Specialist New Customer Promotions Hook to Promote other Products Endless Possibilities

7 Benefits Value added Services/Convenience –New and effective way to Market product –Adds new selling locations for license buyers –Increase traffic for Fish and Wildlife –Incremental revenue stream by selling more Gift Cards

8 Promotional Contests Give Away/Promotional Gift Cards w/Vendors –Dollars spent - $50-$100 purchase on vendor merchandise, receive a $5- $10 F&W Gift Card –Purchase on certain products –New Vendor Store Location (Grand Opening Promotion) –Incorporate with Agency Marketing Campaign (Think Gift Cards)

9 How about a little Q&A


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