Resources

The Latest Incentive Industry Resources & News

Wednesday, March 28, 2018

Top Sales Incentive Ideas

Creative Ways to Improve Sales Team Performance



REAL Chicago

When considering a Sales Incentive Program, it's important to ask yourself, "Why?" Why are incentives necessary? What is the role of incentives? Asking why ensures that you take a deeper dive into the core of the issue and the reasons behind the solution--implementing a Sales Incentive Program.

Sales Incentive Background

Sales Incentive Programs reward top performers. They create healthy competition and a positive environment designed to help Companies achieve structured objectives. A well-designed sales incentive program will contribute directly to a Company's bottom line by driving specific sales outcomes and tying program costs to the achievement of sales outcomes.

Have Some Important Conversations

Many sales team managers have some sort of existing monetary reward system in place to encourage performance. And, while monetary compensation is often the go-to for employers, study after study shows that non-monetary compensation has more long-term success with engagement and productivity.

It is important to keep a clear line of communication regarding employees' motivation to sell a product, as well as the pressure involved with incentivizing employees. Ensure that the intent behind the incentives is acknowledgement; not the reward itself.

Get Creative With Your Incentives!

Unique, non-monetary rewards tend to add an exciting dynamic to everyday work, as well as add a personal touch to what can be an otherwise monotonous day.

Get creative with your rewards. Some sales incentive ideas include:

  • Starting with smaller, more realistic goals
  • Giving the gift of trust, time, and relaxation
  • Getting personal and helping out at home or sending a thank-you note with a small token
  • Rewarding your employees with Flip Flop Friday, PTO, or being Boss for a Day
  • Recognizing your team members directly for their excellent work
  • Implementing gamification, such as scavenger hunts, raffles, parking pass giveaways, and more!

Today's prospective employees say that company culture and recognition for their accomplishments outweigh compensation and benefits. Thus, companies with highly engaged employees outperform their competitors by nearly 150% and a more positive workplace is a place your employees will enjoy.

A sales incentive program solution with Online Rewards features a participant dashboard, gamification, and custom catalogs with many exciting reward options, and will motivate and help retain high-performing employees. Contact Online Rewards today to learn more!


Contact

Stop by before 10 am at our Cincinnati office and we'll treat you to one of the finest espressos around.


I would like to receive updates on service offerings, industry news, events and best practices from Online Rewards.


Cincinnati

Operations




441 Vine Street
Suite 501
Cincinnati, OH 45202
ph (888) 826-0783
fx (214) 242-4448

Dallas

Corporate





100 North Central Expressway
Suite 1120
Richardson, TX 75080
ph (888) 826-0783
fx (214) 242-4448

Take a Tour


Interested in seeing how Online Rewards has helped clients create award winning incentive and loyalty marketing programs?



Online Rewards
A brief tour with one of our Program Design Consultants will demonstrate how our unique approach helps clients achieve their incentive and loyalty marketing program goals.

 I would like to receive updates on service offerings, industry news, events and best practices from Online Rewards.