Why Industry Awards are Important

Facebooktwittergoogle_plusredditpinterestlinkedintumblr

There’s no feeling quite like receiving an award for your company’s hard work, dedication, services and success. It’s great to feel recognized and accomplished by key authorities in the field, but is there any purpose to receiving industry awards beyond that? Believe it or not, awards have many benefits for your business and even your customers.

Standing Out

It’s very difficult to stand out and seem unique in practically any market. Any company in the world can say that they’re the best or that they have the best products or services, and many of them do state this as fact to bring in more customers. Many of these companies are embellishing, but having awards that show proof that your company actually does have what has been determined as the best separates your company from the crowd and puts it in a more elite and higher quality group.

Trust

Most awards are not given to companies unless they truly deserve it. Awards are also typically given out by trusted and respected names in the industry. Getting any industry award shows your future customers that your business is not only one to be trusted but also one that many people are proud of due to outstanding customer service, products, employees and business sense. When people shop for anything, they want to give their business to a company that they know is trustworthy and high-quality. Awards can quickly portray that message to anyone who visits your business or website.

Specific Awards May Bring In More Customers

Industry awards come in many variations. While getting an award that says your business is one of the best is great and can be very beneficial to your business in the future, specific awards geared towards specialized areas may bring in more customers. For example, if a customer values customer service very highly for certain products or services, getting an award for outstanding customer service and displaying that award proudly in your store and website may bring in that customer when they may have passed over your business before.

Promotional Benefit

When businesses win industry awards, the news is commonly covered by various business magazines, newspapers and it could even be covered on television. Winning an industry award allows your business to get a lot of promotional benefits and word of mouth that will generate a lot of new business for the company. If you’re lucky enough to win numerous awards or the same award year after year, it will help give your business memorability and a good reputation. In addition, receiving multiple awards or the same award on a yearly basis will show your customers that you’re dedicated to making sure that your business practices will consistently stay great through time.

Improving Morale

A truly successful business that is worthy of awards is made from the hard work and dedication of every employee. From the CEO to the janitors, every employee has an important role in making the business as great as it has become. Knowing that their efforts helped the business achieve award-winning status improves morale and may even increase productivity. It’s also a good idea to show your appreciation to your employees when the business wins an award by organizing special events, gifts or rewards for doing such an amazing job to help the company thrive.

Investors

Having the support of investors can help your business grow immensely. However, investors usually want to invest in companies that they believe are valid, trustworthy and will continue to improve over time. Awards can show potential investors that your company has all of those things and more. In addition, investing in an award-winning company and having the company continue to get more awards in the future will also shine a positive light on the investors for making such a smart investment.

Conclusion

It’s a difficult path to getting an award, but small and large businesses can be eligible as long as the company strives to provide the best for their customers and employees. Take pride in your company, and remember that awards aren’t just for show. They also provide many benefits that you can enjoy with a little hard work and determination.

Leave a Reply