Incentivizing Your Business Partners Leads To Positive Outcomes
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Transcript of Incentivizing Your Business Partners Leads To Positive Outcomes
FOR MORE INFORMATION, CONTACT [email protected]
SURVEY SIZE: THIS STUDY WAS CREATED BY INCENTIVE RESEARCH FOUNDATION RESOURCE CENTER
BASED ON 2,000 DEALERS WITH AN OPPORTUNITY TO EARN AN INCENTIVE TRIP
recognItIon & reward consIderatIonstravel is not a universal motivator: offer cHoIce in Your award mix
Retail gift cards & vouchers
PayPal rewards
Top brand merchandise
Charitable giving rewards
Prepaid reward cards
Custom branded and client owned reward inventory
Along with experiential and travel rewards, Aimia provides:
IncentIve programs beneFIt all
Feel rewarded and apprecIatedpartIcIpants (dealers)
Appreciate the manufacturer providing an incentive trip
Recognize that incentive programs provide a bonus for a job well done
87%
85%
sponsorIng companY
> grow business > build relationships with dealers > motivate and reward
IncentIvIzIng Your busIness partners leads to posItIve outcomes
*Based on an IRF study of 2,000 channel partners
Provided by Aimia Business Loyalty Strategy Team
tHe IncentIve travel IndustrY produces
bIllIon Inannual spend 10 $ $$ $
> dealer channel Incentive program — realized 112% total roI. Dealers who participated in the program vastlY exceeded non-participating dealers in sales > dealer engagement program — 90-94% of dealers increased their sales after program completion > sales Incentive program — Nine month program
cHannel programs = real results
32% total revenues Market share
Net operating income
program and communication strategy Clarity and enthusiasm
educated stakeholdersFocus on primary program objectives
audience analysisSignificant and relevant
program designAttainability and recognition
measurementROI and continuous improvement
the overall travel experienceMemorable, meaningful, motivational
sIx Factors For program success1
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