Why You Need Virtual Incentives For Your Rewards Program

Why You Need Virtual Incentives For Your Rewards Program

BY Lucy Fang
Mar 27, 2020
Why You Need Virtual Incentives For Your Rewards Program

Virtual rewards are a fantastic, bordering on necessary, incentive for any rewards program. Why do virtual visa prepaid cards, digital gift card rewards, e-code redemptions, and other virtual rewards continue to dominate incentive rewards programs? Because whether they’re used for sales incentives, customer incentives, health and wellness, market research programs, or something else altogether, they meet a vital participant need: immediacy.

Benefits of Virtual Incentives:

  • Instantly issued participants
  • Can’t be lost in the mail
  • Easy for your participants to use
  • No production cost

Participants in your consumer incentives programs, channel partner incentive programs, or sales incentive plans all have one thing in common. None of them want to wait to be rewarded. With merchandise, bulk visa prepaid cards, or checks, your incentive program participants will have to wait, sometimes for weeks, from the time they redeem their reward to the time they receive it. Virtual gift card incentives and visa virtual cards don’t have that problem.
When considering market research, consumer, or sales incentive program ideas, think about your demographics. Are virtual incentives a good fit for them? If so, look at your options.

To properly offer virtual incentives for your points-based loyalty programs, sale incentive programs, customer incentive programs, or others, you will need a few things, to include the right reward options, a good reward management system, and incentive management software.

There are a lot of options for virtual incentives. Beyond cash equivalents, subscriptions to streaming services, videos, music, etc. can be good choices. E-gift cards are great, but you need to make sure that you have a broad enough selection of brands that are tailored to your participants. Virtual Visa prepaid cards can be a good option if you need something with a broader appeal for your virtual incentives marketplace.

Your rewards management software and incentive management system need to be up to the task of managing your incentive program’s rewards. Whether you are delivering rewards to five customers or 105,000, you need a reward management solution that provides support for sales channel overlays, bonuses programs, referrals, exchanges, and\or promotional schemes.

No matter what you need for your incentive program, All Digital Rewards has a solution for you! All Digital Rewards offers gift cards from over 300+ popular brands and stores, along with Prepaid virtual Visa cards, and a number of other digital rewards. We also offer custom-tailored reward management solutions and technology.

All Digital Rewards’ incentive management platform is a dynamic grouping of well thought out microservices that come together to easily integrated into most existing CRM systems for a seamless single sign-on, or when that is not an option, our RewardSTACK™ application can operate external with minimal engagement break in user experience.

All Digital Rewards knows what you need to make virtual rewards part of your incentive program. To learn more about how you can incorporate virtual rewards or to speak to one of our incentive program experts, call today at 866-415-7703 or click the “Schedule a Demo” button at the bottom of the page!