In today’s increasingly digital world, managers of incentive programs must find ways to provide rewards that meet and exceed the expectations of their participants. Skilled incentive program managers and rewards companies are always searching for more meaningful incentives for their program participants. Digital rewards can be a critical component of B2B, B2C, B2B2C, employee incentive, wellness reward programs, and more. But what makes a powerful rewards program? Here are a few best practices. A study from the Incentive Research Foundation (IRF) found that top-performing technology companies prioritized the following features when designing an incentive plan: Prepaid digital reward solutions make it easy to build and operate programs that embody all of those characteristics. Gift card options were a favorite form of reward among companies featured in the study. Fortunately, companies don’t need to decide on the reward mix on their own and purchase them on an ad hoc business. Both gift card and digital prepaid card rewards can be provided by a reward supply company. Once a company chooses a provider for their incentive program, the rewards can be seamlessly integrated into a rewards marketplace as easy-to-redeem virtual gift cards and custom prepaid debit cards. Participants will be happy prepaid […]
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What kind of incentive technology you need for every type of incentive & rewards programs
Do you have a market research incentive program? Are you planning to start a channel partner reward program? Do you have a rebate incentive program for your customers? How about a loyalty program? No matter what kind of incentive program you have or are planning on, having customizable incentives incentive technology solutions can make a huge difference in your program’s success. Here are some things to consider when looking for incentive technology solutions for a variety of different types of rewards programs. For your consumers rebates incentive program, you will want technology that supports a customized digital rebate center. This will allow your customers to have instant access to their rebate options while enforcing your company’s branding and messaging. On the back end, your rebate technology should give you an admin Interface that provides a high-level view of quality control, communications, processing, validation, fulfillment, and reporting and analytics. With the right rebate technology, both you and your consumers will have a positive experience. Your relationship with your channel partners and sales representatives is essential to your b2b2c business success. Because of this, your technology for your channel sales incentive programs needs to be top-notch. You want an automated easy to […]
