Whether you’re starting your first channel sales incentive program, or your company has been using an incentive program for years, choosing the right technology is essential to your success. Does your current incentive management software adequately support your channel marketing strategy? Does it have enough incentives for sales team members to choose from such as gift card rewards, merchandise, and virtual rewards? How ell does it handle security issues? Is the user interface clunky or overly complicated? Are you paying too much? It may be time to consider upgrading your channel partner incentive program technology. Your incentive program channel sales management technology is the core of your incentive program. If the foundation isn’t good, the whole thing will have problems. The right choice of technology can lead to success, high ROI, and greater channel partner engagement and satisfaction. The wrong technology can turn your incentive program into a giant money pit, swallowing up your cash and productivity. When you pick the wrong incentive technology, your only return on investment will be stress. How do you pick the best technology for your organization when comparing different incentive program technology providers? There are many things you can do to make sure you’re […]
Tag: card virtual
Why Choose Gift Cards and Prepaid Cards For Your Incentive Programs
Gift cards, virtual gift cards, and prepaid reward MasterCard or Visa card virtual and physical rewards are always popular. All Digital Rewards is proud to offer a wide range of gift card and prepaid card options. Whether you’re looking for employee recognition ideas for sales incentive compensation, adding new options to an existing employee rewards programs, customer acquisition programs, or as part of your channel marketing strategy, we have options for you. For physical options, you can order bulk gift cards, mail individual gift cards and prepaid cards to incentive program participants. Virtual visa prepaid cards and virtual gift cards are emailed to recipients immediately through the All Digital Rewards instant redemption process. The end-user, within minutes, will have their reward and can activate it online or by phone to use immediately. The effectiveness of your gift cards or prepaid card incentives depends on the perceived value viewed by your participants. Virtual rewards, like egift cards and virtual prepaid cards, are some of the most popular, especially now. Primary Benefits of Virtual Incentives: Instantly issued for instant use by participants Can’t be lost in the mail Immediate delivery Easy of use for your participants No production cost Virtual incentive rewards […]
How To Offer A Successful Health And Wellness Incentive Program
Now more than ever, organizations know how much of a priority health and wellness is for their wellbeing. A Global Wellness Institute (GWI) report estimated that health issues among company workers cost the United States over $2 trillion a year. Over 70% of employers offer some type of health and wellness program to their workers and more are doubtless coming. It is important to note health and wellness programs can have only a limited impact on employee health and wellness if they are not executed correctly. So, how do organizations create wellness programs and wellness incentives that work to effectively improve employee health and wellbeing? Health and wellness incentive programs with high rates of success help motivate people to take personal responsibility for managing and improving their health and fitness, reduce absenteeism, improve productivity, and decrease health care costs. In the GWI study they present evidence that companies that were perceived by their employees as more “Caring” had much more successful health and wellness programs. One of the primary factors in deciding if a company was “caring” was whether or not that organization offered tangible incentives. This is supported by studies conducted by Johns Hopkins University’s Institute for Health and […]
Incentives In a Changing World
The world is changing, and with it, the way we conduct business is changing as well. Companies are seeking new methods of customer acquisition. Employee recognition ideas are a high priority. Sales incentives are becoming more common as part of channel marketing strategy. Virtual incentive options are being sought out. You can spend thousands on advertising, but that doesn’t guarantee customer acquisition. You can experiment with both new and existing models to retain employees. You can look into new ways to increase sales from your direct channel marketing. All of these are reasonable ideas, but you could say yourself some time and money and use a strategy that works: Incentives. As we go forward in the years to come, incentives are going to continue to be an essential part of daily operations for businesses in nearly every industry. If your company is needing a change, and you have the budget and organizational support to execute, it may be time to either start an incentive program or upgrade your existing program. One of the biggest challenges facing businesses is choosing the right rewards and technology to manage their incentive programs. Incentive programs, whether sale incentive programs, employee recognition incentive program, customer […]
Do Prepaid Cards and gift cards Increase Incentive Program Engagement?
As an incentive program manager, you want to know what’s going to be most effective in increasing engagement. Whether your program is focused on customer acquisition, employee recognition ideas, sales incentives, direct channel marketing, employee rewards programs, corporate health and wellness, or something else, prepaid cards and both physical and virtual gift cards get results. Prepaid Reward Cards such as; physical & virtual visa and brand named gift card rewards are a strong favorite with incentive program participants. If you need to increase engagement in an employee rewards program, or any other type of program, you should consider using cash-based incentives. Among the benefits that prepaid cards provide are ease of delivery, high user-perceived value, and being nearly universally accepted buy businesses. Incentive programs continue to include them to increase engagement and reward participants. The facts show that there are lots of reasons for you to consider using prepaid cards and gift cards when creating your incentive and promotional strategy. Ease of Delivery – Reward program managers can deliver rewards in a variety of ways, either digitally or with physical cards allowing users to receive their reward when and how they like it. Universally Accepted – With a VISA prepaid […]
How to Offer a Health and Wellness Incentive that Works
Workplace health and wellness is a huge priority. A Global Wellness Institute (GWI) report estimated that worker unwellness costs the United States $2.2 trillion a year. It is no wonder that over 70% of employers are offering some type of health and wellness program to their workers. Unfortunately, if not executed correctly, employee wellness incentive programs can have only a limited impact. This raises a question: How do companies choose programs that work to effectively create a change in employee health and wellbeing? What Makes A Health Incentive Program Work? Successful health and wellness incentive programs help motivate people to take responsibility for improving and managing their health and fitness. They not only help employees live healthier lives but also improve outcomes for the company, as well. This includes boosting productivity, reducing absenteeism, and decreasing healthcare costs. On a related note, great health and wellness programs demonstrate to employees that their employer cares for them and their families. One of the main factors in deciding if a company was “caring” was whether or not that company offered tangible incentives. This is supported by studies conducted by Johns Hopkins University’s Institute for Health and Productivity Studies (IHPS), which have shown that one […]
