Whether you have the best or the worst Channel sales partners, a rewards program can go a long way to improving your participants’ and partners’ performance. Good Channel sales incentive plans will be cost-effective, enticing to your participants, have the right reward offerings, and give you a quality return on investment. When you are are looking at Channel sales incentive program ideas, it is essential to consider what sort of incentives you plan to work with. Gift card incentives, for example, are very popular forms of both physical and virtual incentives, prepaid Visa virtual and physical rewards are another excellent option, as are experiential rewards and merchandise. The rewards you use will be best if selected and explicitly tailored to your program, taking into account the interests of your participants’ demographics and your budgetary constraints. Ideally, to ensure a seamless reward experience, both for you and your participants, you should work with channel partner incentive vendors and reward management applications. Channel partner incentive companies know how important it is to have the right incentive rewards and technology to support your channel partner incentive program. Additionally, your channel sales technology provider may also recommend a variety of different ways to reward […]
Tag: sales incentive plans
Plan For The Best Sales Incentive Program
The best sales incentive plans are simple, flexible, easy to administer, easy to monitor and improve, have low overhead costs, and bring about measurable results. Most companies use their sales incentive plans as a way to reward their sales force for their efforts on behalf of the company. The sales incentive plan should help promote loyalty to the company and increase participant performance. If your sales incentive program does not meet these criteria, it is a sign that you need to review your sales incentive plan and consider making changes. In order to help motivate and inspire your sales incentive program participants and encourage them to succeed, the incentives offered should have high perceived value and be tailored to your participants’ demographics. Some of the most popular choices include gift cards and incorporating sweepstakes and instant win games. The benefits of gift card rewards are well-known to most companies. Gift cards are great for budget-conscious participants, allowing them to use their gift card rewards for things they might not normally spend their cash on. The gift cards earned from these types of rewards programs can be redeemed at thousands of online and in-store retailers. Additionally, the perceived value of those […]
Software & Solutions To Transform Your Channel Sales Incentive Program
The best sales incentive plans have the best software and technology backing them up. Successful channel partner programs prize incentive companies for the support and resources their software brings to the table. No matter whether you’re setting up new sale incentive programs, revamping existing sales incentive plans, or just looking for sales incentive program ideas, you need to talk to the experts at All Digital Rewards. We know how important the right technology is to support a strong channel sales incentives program. We support a wide range of channel sales partnership programs including: Your alliance partners who share customers with your business enjoy the perks that incentives, rewards, and engagement bring. Motivated alliance partners will increase brand awareness and sales revenue. We know how to navigate the nuances of your alliance partnership rewards program. Your trusted referral partnerships that send qualified customers to your business want to feel engaged and appreciated. Regardless of if you are using a strategic alliance program, direct to individuals program, or partner network program, we have incentive software solutions that will take your referral partnership incentive program to the next level. Reseller partner incentive programs come with their own unique elements. With the right incentive […]
Choose The Dine and Go™ Prepaid Card For Your Incentive Program
Choosing the right rewards for your incentive programs are one of the most important steps in creating an incentive program. With a strong knowledge of behavioral economics and understanding matching up relevant incentives to drive behavior, we can identify and define demographics and choose the right rewards and incentives. Whether it’s a program focusing on health and wellness program, customer acquisition programs, channel sales incentive plans, rebates, employee recognition, or customer loyalty, it has been shown consistently that cash-equivalents are a favorite among incentive programparticipants. Our research has shown that Millennials (Generation Y) and New Silent (Generation Z) participants are looking for dining and entertainment reward card incentives that will support the local establishment in the communities they live in. All Digital Rewards created the Dine and Go™ Visa® Reward Card to do just that. Participants can now use this custom card incentive program at their local restaurants, bars and entertainment. Gone are the days of having to issue big box restaurant gift cards. Reward cards are wonderful brand awareness and customer acquisition tools and known revenue generators. These cards are popular because of their ease of use, perceived value, and universal acceptance. Additionally, incentive programs that use prepaid cards […]
Get Results With Rewards And Incentives
You want to have the best performing employees. Every company does, but just signing a paycheck alone won’t be enough to get you there. Sure, you’ll have the occasional over-achiever, but for most employees, a paycheck is expected compensation for performing basic job functions and it will not connect at a psychological level. If you want to encourage people to exert extra effort you need to engage them. Employee engagement levels have been linked to increased revenue, retention, and performance. Despite this, you might be worrying that you’ll have to shell out massive bonuses to motivate your people. However, Increasing engagement doesn’t have to break the bank. Non-cash incentives such as merchandise, sweepstakes entries, and experiential rewards can go a long way in boosting employee motivation levels. With the right incentive program, you can turn your employees into team members. Incentive programs can create feelings of belonging and increase worker satisfaction. Earning rewards or points for a reward marketplace can give employees a definitive way to measure their performance and drive them to work harder. Produce exceptional results in your companies ROI. Through creating a feeling of belonging among your staff you can instill a sense of company pride in […]
The Easiest Way To Motivate Your Channel Partners
Motivation is the secret sauce for success in your channel partner program. The question is, how do you cultivate the motivation your sales force needs? A recent Forbes article outlined six keys to workplace motivation: Set goals Celebrate milestones Provide feedback Empower problem-solving and learning Follow through on promises Experiment and learn Most people will agree that these are all effective ways to motivate people, but how do you put this information into practice? A sales incentive program is an excellent way to apply all six of these motivation tips. In this post, we’ll show you how your new incentive program can implement each of these elements to increase your sales force’s motivation and productivity. Sales incentive programs allow for clear goal setting for your sales force. By offering incentives to your sales force in exchange for the completion of specific tasks or goals, you will increase their motivation and give them clear objectives to work towards. For bigger goals, you can offer individual incentives such as virtual prepaid cards, branded gift card incentives, or travel incentives like cruises and vacation packages. Additionally, with the help of a points-based incentive management solution, you could also give your sales force the […]
