Businesses and organizations are now more than ever faced with delivering program incentives on Platforms that can provide enhanced capabilities securely to motivate participants to achieve increased targeted outcomes. As technology changes and business requirements evolve, managing programs and rewards can become more and more of a challenge. The question becomes, “How do you pick the right technology provider?” Although there isn’t a one-size-fits-all answer for every incentive program, there are some key elements that your technology vendor should be providing when offering a solution for your incentive program. All good loyalty and incentive solutions should allow you to create clear and concise terms and conditions for your incentive program and the reward products that are redeemed. You should select an incentive system that handles customer data in a responsive, transparent way, and effectively protects data privacy. Dynamic segmentation in Platform services helps program managers target specific customer segments in real-time, saving them time doing the segmentation manually. A Platform built in a modular architecture with product platform strategies enables companies to build a broader portfolio of incentive program offerings for clients and client customers. The system can include niche products at an acceptable cost with less effort. Today program […]
Tag: best sales incentive plans
Gamification: A Game Changer For Incentive Programs
Sweepstakes and instant win game applications have long been a popular feature in incentive programs, and it’s easy to see why. Game-based promotions can be easily integrated into the best sales incentive plans, loyalty program platforms, rebate management systems, customer acquisition programs, and more. From consumer loyalty programs, to B2B channel partner programs, to company health and wellness programs, everyone is looking for ways to increase engagement. Most people know that having the right reward offerings and robust incentive management technology is important, but there’s another lesser-known element that can help increase your incentive program’s engagement: Gamification. Gamification is an online marketing technique that takes qualities of games (point scoring, competition, rules of play) and applies them to a company’s product or service – in this case, an incentive program. Examples of Gamification in an incentive program can include: When conducting a sweepstake or other game-based promotions, working with instant win game providers and sweepstakes technology companies can save you a lot of hassle. There are a lot of moving parts to your average sweepstake promotion. Rule creation, legal review, insurance, bonding, winner validation, tax reporting, and prize delivery are just a few of the required concerns for your average […]
Secrets of the most successful market research incentive plans
The most successful market research incentive plans are flexible, simple, have low overhead costs, are easy to administer, easy to monitor and improve, and bring about measurable results. Most companies use their market research incentive plans as a way to reward their panelists for their survey completions. The market research incentive plan should help promote loyalty to the company and increase participant performance. If your market research incentive program does not meet these criteria, it is a sign that you need to review your panelist incentive plan and consider making changes. In order to help motivate and inspire your market research incentive program participants and encourage them to succeed, the incentives offered should have high perceived value and be tailored to your participants’ demographics. Some of the most popular choices include gift cards and incorporating sweepstakes and instant win games. Instant win games and sweepstakes are powerful tools in your incentive program toolbox and can have a huge impact on your panelist incentive plan’s success. With the right instant win game technology to manage the games and gather data, it’s all too easy to engage market research incentive program participants. With high-quality instant win game and sweepstake technology, you’ll be […]
Gamification and Your Panel Incentive Programs
Incentives are an essential part of market research programs. Sweepstakes and instant win game applications have long been a popular feature in every type of incentive programs and it’s not difficult to understand why they’re so popular. Game-based promotions can be easily integrated into your market research incentive program. When conducting a sweepstake or other game-based promotions, working with instant win game providers and sweepstakes technology companies that understand your needs for a panel program can save you a lot of hassle. There are so many elements involved in your average sweepstake promotion. Insurance, bonding, rule creation, legal review, winner validation, tax reporting, and prize delivery are just some of the required pieces for your average panel sweepstake promotion. With instant win game software and a reward program management company experienced in instant win and sweepstakes administration, you’ll be setting yourself up for a smooth experience. It doesn’t hurt to have your reward management partner also understand the unique concerns of a market research program! The panel program incentives rewards that you pick for your game or sweepstake promotion should be varied and popular with your panelists. Each incentive program participant will have their own individual preferences, but there are […]
Gamification and Your Incentive Programs
Sweepstakes and instant win game applications have long been a popular feature in incentive programs, and it’s easy to see why. Game-based promotions can be easily integrated into the best sales incentive plans, loyalty program platforms, rebate management systems, customer acquisition programs, and more. When conducting a sweepstake or other game-based promotions, working with instant win game providers and sweepstakes technology companies can save you a lot of hassle. There are a lot of moving parts to your average sweepstake promotion. Rule creation, legal review, insurance, bonding, winner validation, tax reporting, and prize delivery are just a few of the required concerns for your average sweepstake promotion. With instant win game software and a reward program management company experienced in instant win and sweepstakes administration, you’ll be setting yourself up for a smooth experience. The program incentives rewards that you pick for your game promotion should be versatile and crowd-pleasing. Each incentive program participant will have their own personal preferences, but there are some reward types that remain nearly universal. Cash-based rewards, which include checks, gift cards, and visa prepaid card rewards, are some of the most popular rewards among participants. Visa virtual and physical prepaid cards are the most […]
Best sales incentive plans Rewards 2020
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’ 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 — […]
Why Your Next Incentive Program Needs Virtual Rewards
The best sales incentive plans, rebate incentives, customer incentive programs, and health and wellness incentive programs will almost always offer some form of virtual rewards. An important consideration is the time-frame of a virtual reward. A virtual prize is an incentive reward that is awarded immediately as a reward for an action or an event undertaken by a participant and then delivered via a digital medium. Virtual rewards allow for instant gratification, which can increase the feelings of satisfaction from your participants. The effectiveness of your digital or virtual incentives depends on the nature of the virtual reward and how valuable it is perceived to be by participants. Virtual rewards come in many forms; some of the most common are: Virtual gift card rewards, visa virtual cards, instant win games, and sweepstakes entries. Virtual incentive rewards such as virtual visa prepaid card rewards. These are a solid choice for incentives as they are viewed as a cash equivalent by incentive program participants. Gift cards have many of the same benefits and are often viewed as a windfall, which allows them to spoil themselves instead of having to be responsible with their spending. Primary Benefits of Virtual Incentives: Sweepstakes and instant […]
Plan For The Best Sales Incentive Program
The best sales incentive plans are simple, flexible, easy to administer, easy to monitor and improve, have low overhead costs, and bring about measurable results. Most companies use their sales incentive plans as a way to reward their sales force for their efforts on behalf of the company. The sales incentive plan should help promote loyalty to the company and increase participant performance. If your sales incentive program does not meet these criteria, it is a sign that you need to review your sales incentive plan and consider making changes. In order to help motivate and inspire your sales incentive program participants and encourage them to succeed, the incentives offered should have high perceived value and be tailored to your participants’ demographics. Some of the most popular choices include gift cards and incorporating sweepstakes and instant win games. The benefits of gift card rewards are well-known to most companies. Gift cards are great for budget-conscious participants, allowing them to use their gift card rewards for things they might not normally spend their cash on. The gift cards earned from these types of rewards programs can be redeemed at thousands of online and in-store retailers. Additionally, the perceived value of those […]
Software & Solutions To Transform Your Channel Sales Incentive Program
The best sales incentive plans have the best software and technology backing them up. Successful channel partner programs prize incentive companies for the support and resources their software brings to the table. No matter whether you’re setting up new sale incentive programs, revamping existing sales incentive plans, or just looking for sales incentive program ideas, you need to talk to the experts at All Digital Rewards. We know how important the right technology is to support a strong channel sales incentives program. We support a wide range of channel sales partnership programs including: Alliance Partnerships Referral Partnerships Reseller Partnerships Your alliance partners who share customers with your business enjoy the perks that incentives, rewards, and engagement bring. Motivated alliance partners will increase brand awareness and sales revenue. We know how to navigate the nuances of your alliance partnership rewards program. Your trusted referral partnerships that send qualified customers to your business want to feel engaged and appreciated. Regardless of if you are using a strategic alliance program, direct to individuals program, or partner network program, we have incentive software solutions that will take your referral partnership incentive program to the next level. Reseller partner incentive programs come with their own […]
Use Digital Rewards for Your Channel Incentive Programs
When creating an incentive program, the reward mix is a crucial element in your channel sales incentive program’s success. What rewards will you offer? What will appeal to your participants? Do you need a full marketplace of rewards or just a limited number of selections? Do you use physical or digital rewards? The best sales incentive plans will choose the right rewards for their participants. There is a strong argument to be made for including digital rewards and incentives in your channel sale incentive programs. Digital incentives boast a lot of benefits over their physical counterparts and can fit a wide range of incentive programs. Adding digital incentives into your reward mix may give your program the boost you’ve been looking for. Now, let’s talk about what digital incentives are and why channel partner incentive providers encourage them. Digital rewards can include electronic gift card incentives for top-rated brands (Target, Walmart, Amazon, Best Buy, etc.), virtual visa prepaid cards, audiobook or video service subscriptions or credits (Fandango, audible, etc.) and so much more. Digital rewards can be used almost immediately and provide instant gratification to your participants, which is why they are encouraged by prize incentive suppliers. No one really […]
