2020 Best sales incentive plans rewards
How do you go about executing super engaging sales incentive plans? By choosing the right rewards! There are several components to getting the best sales incentive plans rewards. You need to find out what rewards will motivate your sales force, you should have the right reward program technology, and work with channel partner incentive vendors.
In order to help motivate and inspire your sales incentive program participants and encourage them to succeed, the incentive rewards offered should have high perceived value and be tailored to your participants’ demographics. Some of the most popular choices include gift cards, prepaid cards, and incorporating sweepstakes and instant win games.
Gift Card Rewards
Gift card rewards’ benefits are well-known. Gift cards are often a superior choice for budget-conscious participants, as they allow them to use their gift card rewards for things they might not normally spend their money on. The gift cards your sales force members earn from your rewards programs can be redeemed at thousands of online and in-store retailers. Additionally, the perceived value of those gift card rewards is often even higher than the perceived value of cash rewards. A consumer’s use of gift cards may encourage them to buy things to spoil themselves — items they would never have purchased had they not used their gift card to buy those goods.
Prepaid Visa virtual and physical cards are similar to gift cards, but with more versatility. Both physical and virtual Visa cards can be used most anywhere that accepts Visa, giving your participants lots of options. A visa prepaid card provider will be able to offer you custom branded prepaid cards.
Instant Win Games And Sweepstakes
Instant win games and sweepstakes are incredibly powerful tools in your channel sales incentive program toolbox and can have a major impact on your sales incentive plan’s success. With the right instant win game technology to manage the games and gather data, it’s very easy to engage sales incentive program participants. With high-quality instant win game and sweepstake technology, you’ll be able to monitor your sales incentive program’s participants and make adjustments as needed based on real-time access to data information.
All Digital Rewards is a leading channel sales incentive rewards and technology provider, offering custom-tailored solutions for a range of client needs. Our clients enjoy access to user-friendly dashboards, personalized, relevant programming, automated payments and validations, an extensive rewards catalog, reporting, and so much more!
All Digital Rewards works directly with companies, partner networks, and end-users to design and support sales programs, and incentives. To learn more about how All Digital Rewards can help with your next channel sales incentive program and call 866-415-7703 or click the “Schedule a Demo” button at the bottom of the page and let our team of channel sales incentive program experts here at ADR help you succeed in your next sales incentive program.