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 […]
Tag: Sales Incentive Management
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 […]
Reward Mix is Essential in a Successful Loyalty 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? Does 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. An excellent way to promote new engagement is by mixing it up with your reward program. Studies have shown that the people in your rewards programs are the ones who make the best and most profitable customers.* So, why not reward those sales’ teams that have been in the program longest or participated the most with a loyalty program that makes them happy and mixes up the rewards to provoke new interest and allegiance! A mixed arrangement regularly gives a truly necessary fit between the business prerequisites, spending plan, and reclamation strategy. Normally the way of the venture dictates if a physical offer piece or an electronic code that is dispersed […]
