Challenges of Panel Incentive Program
Every panel manager is faced with recruiting, surveying, engaging, and retaining respondents. They are constantly looking for new promotions to drive respondent behavior and ensure that company and client stakeholders stay happy. Common problems panel managers are faced with stale promotional offerings, a tight budget, and a disconnected user experience. When we hear this from marketers, the first thing we look at is the marketer employing games in their marketing reward mix and if they are how they are implementing the instant win drawing games within their incentive program.
Working Towards a Solution with Instant Win Drawing Incentives
Incentive drawings are designed and deployed to impact consumer behavior and are meant to engage a panelist with an opportunity to win an offered high perceived value that is enticing enough to impact consumer behavior by increasing consumer engagement, build brand advocacy of your survey, the client you are serving or your company. A well designed promotional drawing or sweepstakes will accomplish all of the above. However, there are pitfalls to be avoided.
Furthermore, Incentive drawings need to be carefully created, deployed and managed to avoid legal, operational and financial pitfalls. Legal issues associated with a promotional drawing can have considerable ramifications. Also, to avoid the considerable issues associated with drawings, it is often best to partner with an incentive marketing agency with expertise and experience in designing and managing promotional drawings. An effective incentive drawing does require a base level of volume.
Learn More About Instant Win Drawing Incentives
To launch an effective incentive drawing program the reward mix must be attractive enough to impact behavior. Supporting a reward mix worthy of your participants attention requires a willingness to pay for the prize pool, a good understanding what period of time the drawing needs to run, or know in advance if you have sufficient volume to burn through the drawing entries available in a considerably shorter window.
To continue reading and download the Case Study: Instant Win Drawings Reduce Incentive Costs and Improve Panel Engagement, simply fill out the form with your name and email or contact us today to learn more about adding games that have an Instant Win Drawing component to them.
