Avoid Wasting Money on These Common Fixed Expense Marketing Techniques Says CEO Steve Damerow from The Incentive Solutions Group on Vimeo.

Do you know how to increase sales in a mature market? Loyaltyworks CEO, Steve Damerow, explains how a sales incentive program can create a bump in sales without lowering the cost of your product. Boost your ROI with a variable marketing expense in the form of a sales incentive program by Loyaltyworks today.

Ready to create a great business incentive program?

Follow these steps and an effective incentive program can be yours in as little as six weeks!

Establish your company incentive program’s objectives and KPIs

Create reward program rules that are simple and easy to understand and payout ratios that are obtainable

Create unique reward program branding, messaging and promotions to spur/trigger emotional energy and participant involvement

Communicate your reward programs success and thank all involved

Congratulate participants on their achievements and encourage reward redemption

Analyze reward program reports and KPIs monthly to ensure you are gaining the best return possible from your incentive program

Adjust your reward program parameters and promotions as needed to achieve optimum ROI

Communicate any changes you make to your reward program, any updates to your promotions and announce all positive results

Recognize your incentive programs leaders and those that put forth valuable efforts
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Tel: 18665677432

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