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Should You Introduce New Technology Into Your Channel Sales Incentive Program?

Whether your organization is just starting 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 adequate for 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 make your incentive program 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. How do you determine the best technology when comparing different incentive program technology providers? You can take many steps to ensure you’re getting the best channel partner incentive management technology. You should consider all the features and […]

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Comparing Health Incentive Program Technology Providers

Health and wellness incentive programs are an important part of many companies’ wellness strategies. An incentive program is highly indicative of your workplace health and wellness program’s success. A good health and wellness program can decrease healthcare costs, improve employee morale, and bring a strong return on investment. Despite the many benefits of a health and wellness incentive program, when planning an incentive program, many organizations are concerned about the administrative burden of overseeing the many parts of a successful health and wellness incentive program. Incentive programs require so much more than just reward fulfillment. A health incentive program will need to be managed, goal completion has to be tracked, a redemption system has to be in place, health laws must be complied with, and data has to be examined to check the effectiveness of the program. This can leave companies wondering how to handle health and wellness incentive programs and deal with rewards management. The good news is, incentive management system technology is available to help make your health and wellness incentive programs perform effectively. Deploying new incentive reward technology can increase program effectiveness and take the stress out of program management. With the right health and wellness incentive […]

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What to Look For When Comparing Market Research Incentive Program Technology Providers

Market research incentive programs are nothing new. An incentive program is highly indicative of your market research program’s success. A good market research program can decrease costs, improve relationships with panelists, and bring a strong return on investment. Despite the clear benefits of a market research incentive program, when creating an incentive program, many companies worry about the administrative burden of overseeing the various elements of a successful market research incentive program. Incentive programs require so much more than just reward fulfillment. An incentive program will need to be managed, goal completion has to be tracked, a redemption system has to be in place, and data has to be examined to check the effectiveness of the program. This can leave companies wondering how to handle market research incentive programs and deal with panel loyalty rewards management. Fortunately, incentive management system technology is available to help make your research incentive programs perform effectively. Deploying new incentive reward technology can increase responses and take the stress out of program management. With the right market research incentive program management technology, you will be well on your way to embracing all the sweet benefits of a research incentive program, without adding any extra stress. […]

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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 […]

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Choosing The Right Reward Management Technology

Whether it’s channel sales, health & wellness, loyalty, or a customer incentive program, the technology behind it has to fit the program’s needs. Shopping for the right reward management technology is an essential part of planning for any incentive program. Although there may be things you will need to customize, there are some standard features that should be included with your incentive management system. Standard Reward Management Software Features Member Profiles –  Set up an infinite number of member accounts with vital personal data. Manage the virtual currency accounts of members in real-time and audit-proof. Admin CRM – You should have access to a comprehensive member dashboard that allows you to view and manage your member profile data and see specific data such as points balance statement, status level, points expiry dates, program creation, and more. Reports and Accounting –   Regularly receive program reports to review the success of your program. System Users & Groups with Audit Tracking –  You should be able to provide module access to users/user groups and define permission levels. Having control and audit-proof user activity records will help you identify any changes made to your program. Event-triggered Communications and Notifications –  Good reward management software will let you set up […]

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Market Research Strategies and Incentives: The Complete Guide

Effective market research strategies depend on one thing above all: engagement. The most sophisticated study design won’t produce reliable data if participants lose interest or drop out. Motivation drives participation, and incentives are the engine behind that motivation. This market research guide explains how reward systems, digital fulfillment, and demographic insights can transform participation rates, improve retention, and deliver measurable ROI for your organization. Why Incentives Boost Research Outcomes Incentivizing participation in market research isn’t a luxury. It’s a necessity. And that’s where incentives come in. Not just any incentives, but ones that strike the perfect balance between value, convenience, and perceived fairness. Digital prepaid gift cards are valuable aspects of your market research strategies because they’re fast, familiar, and flexible. They also increase participation and reduce dropout rates. Treating engagement as a measurable investment yields more responses, higher data quality, and faster field work. Incentives for engaged customers and employees accelerate time-to-insight without exhausting recruitment resources. This section of our market research guide highlights why effective incentives are the backbone of participant engagement. Panel Loyalty Programs A panel loyalty program is an essential part of market research. When implemented effectively, it can build brand advocacy and increase the lifetime value of the panelists. […]

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How To Start A Sales Incentive Program In 2019

Are you looking to find a new way to motivate your sales force in 2019? Consider implementing a sales incentive program! No matter what industry you’re involved in, incentive programs are an effective way to drive employee engagement. Here are some tips to get you started on your new year incentive program. Engage Your Employees Make sure your employees are engaged by your incentive program. The goal of a sales incentive program is to motivate your employees to engage in desired behavior. To ensure maximum engagement, make sure your program is relevant to your employees. Consult with experts who will be able to help you choose the most effective program types and rewards for your employee demographics. Plan Ahead It is important to have a solid plan in place before you launch your incentive program. To flesh out your plan ask yourself questions like: Don’t Just Focus On The Cost Of Individual Incentives It is easy for decision-makers to focus on the individual costs of incentives and become discouraged. However, if you work with an incentive agency, you can alter the costs. Incentive agencies only pay for rewards redeemed, which reduces costs and improves incentive programs’ ROI. Use The Right […]

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Mix Things Up for a Successful Corporate Rewards Program

Has your sales incentive program turned to loyalty rewards yet? Are you finding that you have good engagement from your channel partners with your current channel sales incentive program? Do your sales promotions need deeper engagement and a more personalized contact to drive loyalty? Or are you still using mass blast communications and gimmicks? If so, it’s time to look at a new way to expand on your current direct sales marketing and create a whole new way to excite and pique the interest of your sales channel. Variety in the rewards you offer is key to long-term success. Effective rewards programs shouldn’t just recognize and incentivize participants, but should also build stronger relationships. Find out how to create a supremely enticing rewards program catalog. Mixing it up with your reward program is an excellent way to promote new engagement. Studies have shown that the people in your rewards programs are the ones who make the best and most profitable customers. Keeping these individuals engaged is crucial to your long-term growth. So, why not reward those corporate teams that have been in the program the longest or participated the most with a loyalty program that makes them happy and mixes up the rewards to provoke new […]

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