Are you looking to improve your incentive program reward mix? Consider adding prepaid cards to your selection. Prepaid cards are a popular choice and have proven benefits. In a consumer-driven world, prepaid card options offer ease, simplicity, as well as a highly desired reward. Consider some of the benefits of offering Visa® prepaid cards. 1: Cash Equivalency Prepaid cards are viewed as cash equivalents by consumers. Cash and cash equivalents are popular choices for consumers. By offering prepaid cards, you stand to improve engagement in your incentive program dramatically. 2: Range of Options Prepaid cards can include card rewards for specific brands or stores, visa prepaid card rewards, virtual prepaid cards, and more! You can also order either batch prepaid cards or bulk prepaid cards. 3: Instant Gratification With prepaid cards, especially digital prepaid cards, your participants can be rewarded instantly! 4: Ease of Use Nearly everyone is familiar with how to use prepaid cards. With visa prepaid card rewards – physical or digital, your incentive program participants can use their cards anywhere visa is accepted. This can be particularly helpful if you are operating a global incentive program. 5: Customizable Branding With the right prepaid card provider and […]
Tag: incentive management software
3 Keys To Your Channel Sales Incentive Program’s success
An essential aspect of the process to generate sales, customers, and new leads is to engage and entice your partner sales down-line about your products and services. Channel sales incentive programs help to motivate your sales teams to do their best work. Channel sales incentive initiatives are easy, cost-effective, and an incredible way to boost your profitability. The more you engage your channel partners, the deeper your partner loyalty will go. Three key steps should be taken to create a fantastic channel sales incentive program. These will help you face the challenges common to all marketers during the program-creating process. By implementing these elements, your channel sales incentive program will be off to a good start! Create a strategy for your channel sales incentive program. First, identify and examine your target. What are your program goals? What programs, if any, are currently offered. Consider previous years’ sales and your desired growth. These are some basic questions that will help you determine what your program’s objectives are. When you’re putting together your strategy, consider what system features you need for your program. Here are some “must-haves” to keep in mind: Top Must-Have System Features To learn more about system features to […]
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 […]
Should You Introduce New Technology Into Your Channel Sales Incentive Program?
No matter if your organization is just starting out, or has been using a channel sales incentive compensation program for years, the correct technology is key to your success. Does your current incentive management software come with too few incentive options to be effective to your channel marketing strategy? Have you run into security issues with your current technology? Is the user interface overly complicated or buggy? Are you being charged too much? You should consider upgrading your channel partner incentive program technology to improve your sales channel marketing program. Your incentive management system technology is the bedrock of your incentive program. If you don’t get the base right, the whole program will have problems. The right technology can lead to high ROI, program success, and greater channel partner satisfaction and engagement. The wrong technology can turn your incentive program into a giant money pit, swallowing up your profits and productivity. When you pick the wrong incentive program technology, your only return on investment will be stress. When comparing different incentive program technology providers, how do you figure out the best technology? There are many steps you can take to ensure you’re getting the best channel partner incentive management technology. […]
Why You Need Virtual Incentives For Your Rewards Program
Virtual rewards are a fantastic, bordering on necessary, incentive for any rewards program. Why do virtual visa prepaid cards, digital gift card rewards, e-code redemptions, and other virtual rewards continue to dominate incentive rewards programs? Because whether they’re used for sales incentives, customer incentives, health and wellness, market research programs, or something else altogether, they meet a vital participant need: immediacy. Benefits of Virtual Incentives: Participants in your consumer incentives programs, channel partner incentive programs, or sales incentive plans all have one thing in common. None of them want to wait to be rewarded. With merchandise, bulk visa prepaid cards, or checks, your incentive program participants will have to wait, sometimes for weeks, from the time they redeem their reward to the time they receive it. Virtual gift card incentives and visa virtual cards don’t have that problem. When considering market research, consumer, or sales incentive program ideas, think about your demographics. Are virtual incentives a good fit for them? If so, look at your options. To properly offer virtual incentives for your points-based loyalty programs, sale incentive programs, customer incentive programs, or others, you will need a few things, to include the right reward options, a good reward management […]
Why Your Channel Incentive Program Needs All Digital Rewards
Researching the right technology solutions and comparing solution providers for your channel incentive program can feel like a full-time job. After a while, it can become tempting to try and settle for something that almost works, rather than a solution that’s a perfect fit. At All Digital Rewards, we don’t believe you should have to settle. We offer the best channel incentive program solutions that can be custom-tailored to fit your program’s needs. All Digital Rewards (ADR) is the leading provider of cutting-edge incentive and prepaid transaction technologies, and products. We offer services that help organizations build incentive processing and payout destinations while providing high demand rewards, and giving participants a simple, secure reward redemption experience. Our innovative cloud-based, technology platform, market expertise, and extensive partner relationships allow us to provide our clients with invaluable solutions and guidance. Our All Digital Rewards marketplace continues to expand, introducing new products to stay ahead of current and emerging trends. ADR is a distributor of over 200,000 reward and incentive products, along with gift cards, experiential rewards, and prepaid Visa® cards. Our reward experts can recommend products and rewards to fit every sort of demographics. Our reward management technology powers the delivery […]
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 […]
The Right Channel Sales Incentive Management Software & Solutions
Whether you are looking for a solution to upgrade your channel sales incentive management software or you are setting up a channel sales program for the first time, look no further than All Digital Rewards. We understand the importance of a strong channel sales incentive program and we have the software and solutions to support you. We support a wide range of channel sales partnership programs including: Referral Partnerships Alliance Partnerships Reseller Partnerships Referral Partnerships are trusted partners that refer qualified customers to your business, and in return, you pay them a percentage commission on any sales that traffic produces. Engagement is vitally important for referral programs, which is where your incentive program comes in. Whether you are using a direct to individuals program, partner network program, or strategic alliance program, we have solutions that will work for you. Alliance partners are in related businesses and share customers with your business. This allows all partners involved to spread awareness and sell each partner’s products in exchange for a percentage of the sales revenue. We offer a number of solutions that are specific to the needs of an alliance partnership. We also have solutions for you reseller partners who purchase goods […]
How To Get The Most Out Of Your Channel Partner Program Through The Power Of Incentives
Savvy businesses know that engagement is the most important ingredient in a successful channel partner program. When your channel sales team drives a considerable portion of your business’s revenue, keeping the relationship between you and your sales team strong becomes an essential part of your business’s focus. How do you improve those relationships and get the most out of your channel partner program? Incentives! Incentives are a popular way of improving channel partner programs. The goal of an incentive program is to change behavior. If your incentive program doesn’t cause a change in behavior, it isn’t effective. Effective incentive programs motivate and engage your sales force, pushing them to greater success! A quality incentive program will require you to have the right rewards, the right technology, and the right administrator. Rewards have to be something that your sales force with value, while also fitting your program’s budget. The Right RewardsChoosing the right rewards for your incentive program can be tricky. Rewards have to be something that your sales force with value, while also fitting your program’s budget. Rewards can include Visa prepaid cards, gift cards, merchandise, digital incentives, travel, and experiential rewards. Demographic information, surveys, and an understanding of current […]
Market Research Incentives Strategies That Could Save You Thousands
The challenge that market researchers face is how to engage participants while keeping costs down. Utilizing an incentive program is a proven way to increase program participation and engage your users, but how do you keep program costs down? Short answer: Gamification and diverse, demographic-specific incentives. Take the case of one of All Digital Rewards Market Research clients. Our client had been running a cash-based incentive program for their market research panels. The program offered checks and prepaid cards, such as visa prepaid card rewards, as incentives for completing program tasks. There was consistent user engagement at least one to five times a month. Users had become habitual in their choices of the cash-equivalent rewards, and the program was proving to be expensive for our client. To decrease our client’s costs, we worked with them to enhance their current incentive program and transform it into a more cost-effective program without sacrificing engagement. First, we introduced a wide range of incentive reward products alongside the current cash-equivalent products as part of the marketplace for the points-based incentive management system. By adding the new rewards alongside the old cash-equivalent rewards, the users were able to view the new marketplace as an upgrade, […]
Comparing Types of Incentive Programs for 2019
It’s the New Year, and it’s time to consider how you will move your business forward in 2019. You are probably looking at all the new tools available to you and considering all the best solutions to meet your business’s biggest challenges. As you consider these, don’t forget to take a moment to evaluate the benefits of implementing an incentive program for 2019. Simply put, an incentive program is a means of rewarding desired behavior or actions. Incentive programs have a myriad of uses. You could use a sales incentive program to motivate your sales force to improve their performance in 2019. You could start a health and wellness incentive program to promote a healthier workplace. An incentive program could be used for employee recognition or as part of a loyalty marketing campaign. The sky is the limit when considering an incentive program! An incentive program can involve a number of different promotion types. Employees could earn a chance to play an instant win game set up to give them a chance to win virtual prepaid cards or perhaps a family vacation. Another option could be a sweepstakes program to increase customer loyalty and engagement. You could also institute a […]
The Keys To A Successful Channel Sales Incentive Program
An essential aspect of the process to generate sales, customers, and new leads is to engage and entice your partner sales down-line about your products and services. Channel sales incentive programs help to motivate your sales teams to do their best work. Channel sales incentive initiative are cost-effective, easy and an incredible way to boost profitability. The more you engage your partners, the deeper your partner loyalty will go. Three key steps should be taken to create a fantastic channel sales incentive program. These will help you face the challenges common to all marketers during the program-creating process. By implementing these elements, your channel sales incentive program will be off to a good start! 1: Strategy Create a strategy for your channel sales incentive program. First, identify and examine your target. What are your program goals? What programs, if any, are currently offered. Consider previous years’ sales and your desired growth. These are some basic questions that will help you determine what your program’s objectives are. 2: Research Research is the next step for your channel sales incentive program. If there is an existing program, you should identify any challenges associated with that program in order to avoid or mitigate […]
