Review your program participant demographics and select a choice that will appeal to your audience; such as Prepaid Visa Reward Card or specific Retailer Gift Cards .We are here to help guide you.
Having a big sale, on-site celebrity, or other event? Be sure to announce it so everybody knows and gets excited about it.
Managing a payments program is complex, requiring time and resources that are better spent on core business functions. Businesses need a trusted partner that can implement, integrate and manage all aspects of your incentive rewards program.
At Best Payment Solutions we streamline operations, reduce costs, and keep payments simple. Our experienced team navigates and manages the regulatory and technical requirements of each program. What’s more, we employ a personal, consultative approach to each client partnership, which means you get high-touch partners with the industry experience to understand and deliver exactly what your business needs.
There are various considerations to take into account when launching an incentive program. Usually these can be broken down into the following steps.
While it is possible for a company to manage their incentive program internally, this isn’t practical for most businesses. Usually businesses have an idea of the outcome they would like their incentive program to accomplish, and maybe even the reward type they’d like to use, but they leave the planning, design, program management, and reward fulfillment to incentive companies that specialize in that area. something exciting your business offers? Say it here.
Business Dictionary defines incentive marketing as the “use of motivational devices such as competitions, games, premiums, and special prices, to promote the sale of a merchandise or service.” In B2B marketing, where products and services are generally more complex and solution-focused than B2C, incentive programs can be an important tool to offer long-term education to customers or to gather more information to personalize future marketing.
An incentive program, if not properly managed, can fail for any number of reasons. Some of these include any combination of the following:
Due to the various moving parts that are necessary for a successful incentive program, many businesses outsource their incentive program to a trusted incentive management company.