Check out this post on the 7 Benefits Of Running An Eco-Friendly Business and how we can assist with Eco Friendly Lanyards made from recycled plastic material. Do you know that popular companies like IKEA, Apple, and Starbucks are aiming to go fully green by 2030? Even Amazon, the world’s largest online retailer, has set an objective to go carbon neutral by 2040.

Why all of them are shifting to eco-friendly and sustainable practices, you ask? Well, One reason is the ethical responsibility to protect our mother planet. But is it the only thing? Definitely no! Neither businesses would want to, nor can they practically go green without the personal benefits of doing so. While shifting towards eco-friendly practices sounds fair and ethical, without continuous motivation, the drive to make these changes can lose its charm in no time.

So yes, running an eco-friendly business has its fair share of benefits that keep the companies, no matter how big or small, going! One of the industries that would greatly benefit from this sustainable shift is the Lanyard Industry. Already established itself as an affordable marketing tool, studies reveal that around 46% of the customers have a positive bias towards eco-friendly promo products. Good news, isn’t it?

Still not convinced enough why you should go green with your eco friendly lanyards? Keep reading to learn seven solid benefits of running an eco-friendly lanyards business. 

Ready to jump right in? Let’s get started! Here they are, 7 Benefits Of Running An Eco-Friendly Business;

1. Meet your customers’ demands

According to recent studies, 55% of customers are happy to shell out more money for environmentally friendly products and are ready to switch brands to support businesses that provide sustainable options. The demand for eco-friendly and recycled products is growing. You can draw in and keep customers who are mindful of the environment by using recycled materials and providing biodegradable solutions to them. This way, your business can tap into an emerging market and build a loyal customer base.

2. Inspire your employees

Your employees are the backbone of your company. Employee engagement is extremely important for the success of your company and can help you promote your eco-friendly lanyard both internally and publicly. Using environmentally friendly practices in your lanyard business can motivate and engage the employees. Many people are concerned about environmental issues and cherish the opportunity to work for a firm that shares their beliefs. 

By displaying your dedication to sustainability, you instil a feeling of purpose and pride in your employees. When employees believe their work contributes to a larger purpose, such as environmental preservation, they are more likely to be enthusiastic and inspired. Furthermore, environmentally friendly projects can build a healthy work environment and stimulate everyone to work towards sustainability. 

3. Reduce carbon footprint

Using eco-friendly materials in lanyard creation can drastically reduce your company’s impact on the planet. Lanyards contribute to waste and pollution since they are often composed of non-biodegradable materials such as polyester. However, you can reduce environmental damage by using eco-friendly solutions such as eco-friendly lanyards manufactured from recycled PET or biodegradable materials. Lanyards made from recycled materials assist in reducing landfill waste and the energy necessary to create new materials. 

Furthermore, biodegradable lanyards degrade naturally over time, leaving no toxic residues in the environment. Your eco-friendly lanyard business has the potential to make the world a cleaner and greener place by minimizing waste and relying less on non-renewable resources.

4. Increase marketing opportunities

Running an eco-friendly lanyard business gives you access to marketing and branding opportunities. By highlighting the sustainable nature of your lanyards in your marketing campaigns, you can capture attention, induce interest, and differentiate yourself from competitors. 

The visibility of your brand can be further increased by promoting your eco-friendly practices, which can result in media attention and recognition. Participating in eco-friendly industry events and collaborating with environmental organizations can also boost your credibility and help you reach a wider demographic. 

5. Get noticed and elevate your brand recognition

Going green can help you build a loyal consumer base of individuals who prioritize sustainability in their purchasing decisions. This move helps you to gain not only initial support but also a consumer relationship that creates recurring business.

Furthermore, showcasing your loyalty to corporate social responsibility with eco-friendly lanyards can help your company stand out in competitive scenarios, increasing your brand’s visibility and reputation. Adopting sustainable practices additionally allows you to save money, make the customer’s choices easier, and allow your company to align with the growing wave of corporate social responsibility. 

Lastly, moving to an eco-friendly lanyard business is more than a sustainable choice; it is a strategic decision that can dramatically boost your brand recognition and success. Sublimated Lanyards are the best options as they allow the logos and text to be printed in fine detail and even include print on both sides of the material for added effect.

6. Save costs while saving the planet

Contrary to what is generally believed, running an eco-friendly lanyard business can result in cost savings over the years. While eco-friendly materials may appear to be more expensive at first, the benefits in terms of manufacturing efficiency and resource allocation outweigh the expenses. For instance, it might be cheaper to use recycled supplies rather than brand-new ones.  Certain biodegradable options take less energy and resources while manufacturing. 

Adopting sustainable practices could lead to lower waste management costs, as eco-friendly materials are frequently recyclable or biodegradable. Your business can achieve both environmental and financial sustainability by optimizing its production processes and using eco-friendly products.

7. Ensure proper compliance with the law

Businesses should be aware of rules and laws when it comes to the environment. Governments and regulatory agencies have passed certain laws to encourage companies to adopt more eco-friendly practices and to levy penalties and fines if they cause any harm to the environment. 

The Clean Air Act, for example, has set air quality standards to regulate air pollutants from both fixed and moving sources. The Clean Water Act prohibits pollutants from being released into surface waterways such as streams, rivers, lakes, and wetlands. The Resource Conservation and Recovery Act oversees unsafe waste management. By following these laws and regulations, businesses can stay away from legal troubles, reduce the damage they cause to the environment, and add to a better and sustainable tomorrow.

Conclusion

Going green has become a worldwide and necessary practice in businesses today. If you choose to use eco-friendly and biodegradable materials for your business, not only will it contribute to a healthier environment, but will also result in amazing benefits for your own business, too. From greater customer retention to significant cost savings, you’re only moving upwards to the path of success if you go for eco-friendly business.

Merch Monkey is part of the Wristbands Europe group and has a wide range of eco friendly items available for businesses looking to increase their brand awareness in a sustainable way. We are a whole lot more than an organization; we have a pledge to make the world we live in a better place for us and our children. Join us on this path to a brighter future for our lovely island and your company. 

Choose Merch Monkey which is our sister company to improve your brand while also helping to make our country a cleaner, more ecologically responsible place. Reach out to us today to take the very first step towards a more eco-friendly future. We hope you enjoyed reading about the 7 Benefits Of Running An Eco-Friendly Business and look forward to assisting you with whatever eco friendly merchandise options you would like to move forward with.