Everything can be made as gifts. It can ranges from something cheap or even something free that you create and make yourself, flowers, hampers or it can even be something very exclusive and premium such as jewelleries. However, the term “gifts” is normally referred to an item in general, or as a category or something special and unique not easily categorized in specific genre of products. Hence when people search for “gifts” normally the person does not specifically know what they are looking for yet. Popular searches would include “Corporate Gifts”, “Gifts for Men” or “Birthday Gifts”.
There are generally two distinct gift industry category in Malaysia, namely the corporate market and the retail market. The main difference is that the corporate gift market purchases items in bulk and will typically need personalization of the company brand on it while the retail gift market involves purchase of products invididually. The summary is shown on the table below.
|Corporate Gift Market||Retail Gift Market|
Whichever market your company is in, the gifts industry is definitely a growing market especially in a fast developing country in Malaysia. A rough estimate will put this industry is not less than RM1billion in this country alone. Plenty of opportunities for everyone.