Incentives In a Changing World

BY Lucy Fang
May 23, 2020
The Role of Incentives In a Changing World

The Role of Incentives In a Changing World

The world is changing, and with it, the way we conduct business is changing as well. Companies are seeking new methods of customer acquisition. Employee recognition ideas are a high priority. Sales incentives are becoming more common as part of channel marketing strategy. Virtual incentive options are being sought out. 

You can spend thousands on advertising, but that doesn’t guarantee customer acquisition. You can experiment with both new and existing models to retain employees. You can look into new ways to increase sales from your direct channel marketing. All of these are reasonable ideas, but you could say yourself some time and money and use a strategy that works: Incentives. 

As we go forward in the years to come, incentives are going to continue to be an essential part of daily operations for businesses in nearly every industry. If your company is needing a change, and you have the budget and organizational support to execute, it may be time to either start an incentive program or upgrade your existing program. 

One of the biggest challenges facing businesses is choosing the right rewards and technology to manage their incentive programs. Incentive programs, whether sale incentive programs, employee recognition incentive program, customer acquisition programs, health and wellness programs, employee rewards programs, or something else entirely, are dependant upon having high-quality incentives and state of the art technology to support them. 

Incentive options cover a wide range of categories. You can choose from cash rewards, cash equivalent rewards, merchandise, discounts, experiential rewards, virtual rewards, and more. Your rewards can be branded for your company or from high-value brands your participants’ value. A good incentive rewards provider, like All Digital Rewards, will be able to provide you with extensive options, custom-tailored to fit your needs. 

Some examples of popular incentive program rewards include:

  • Virtual gift cards from top brands
  • Prepaid Visa Cards
  • Travel Rewards
  • Checks
  • Electronics
  • Health Products
  • Music Subscriptions

Incentive program technology should be robust, secure, easy to use, and affordable. With the right technology, running your incentive program can be a breeze. All Digital Rewards’ reward program management software, SaaS with RewardSTACK™ can simultaneously support multiple rewards and incentive programs with the click of a mouse.  While our real-time reward management solution functions as a turnkey modular platform, it can be customized and tailored to accommodate individual client and project needs, deploying thousands of rewards in over 150 countries, and supported by industry-leading reporting and analytics.

Our reward platform technology features include:

  • Marketing Automation
  • 3rd Party Integrations
  • Tier Management
  • Modular Design
  • Multi-Lingual
  • Rules Management
  • Points Liability Reduction
  • Points Calculation Engine

Our dynamic technology architecture allows us to offer a customized solution specific to your company’s needs. For more information or to speak to one of our channel partner incentive program specialists, call us now at 866-415-7703, or click on the button below to schedule a demo.