SlideShare une entreprise Scribd logo
1  sur  33
Télécharger pour lire hors ligne
Captive Sales Force
Sales Contests
&
Sales Recognition
Presentation
Great Ideas Come From Great Clients
Captive Sales Force Objectives
 New Accounts
 Quota Attainment
 Sales Clubs
 Product Launch
 Training
 Steps to the Sale
 Recognition
Monthly Rewards for Quota and
Annual Trip Club Rewards
100% Club
Trip
Promotion
Points Reward Program
•Best Buy, buy.com
•Travel, Hotel, Air
•Entertainment
•Events
•For Men and Woman
Demo Website:
https://taz.valuesme.com
Username: salesdemo
Password: demo
New Account Recognition
New Account Recognition
Sales and Service/Support
Quarterly Sales Quota
Stretch Goal Incentive
Variable Ratio Reward Cards™

There are 20 rub off spaces on the front of each card. Beneath
5 of the spaces is the word “WIN”. Participants rub off any 5
spaces. The number of WINs uncovered (and your budget)
determines the award!
Variable Ratio Reward Cards™
You want to motivate Sales Reps to Open New Accounts &
Sell More of Your Product. Your incentive budget is $25 per New Account
& $25 per “X” cases sold. An example of the Variable Ratio Reward
Card™ that could be earned is:

WINs Uncovered
0
1
2
3
4
5

Points
2,000
3,000
4,000
10,000
100,000
Cruise

($)Value
10
15
20
50
500
3,000

(or 600,000 points!)

Your fixed cost is $24.96 each, which is the average awards value of the
card. VR Cards™ are invoiced as they are issued @ a fixed cost to you.
Note: We recommend Sales Managers receive VR Cards
based on their salespeople’s performance
Variable Ratio Reward Cards™
The primary motivational power
of VR Cards™
Jackpots on Every Card!
(VR Cards™ are not
seeded; each card has the
opportunity for the grand prize
award)
Every Card is a Winner! (No
losers)
BINGO Sales Contest
BINGO
BRING IN NEW GROWTH
OPPORTUNITIES
HOW YOU PLAY
For Every $200 of Katun
Equipment Sold fills a
Square
 One Row win 100 points
 Two Rows win 200 points
 Three Rows win 300
points
 Four Rows win 400 points
 All Rows win 600 points
 $ Sold based on Katun
price to Dealer

A
1
2
3
4
5

.

B

C

D

E
Tic Tac $ Sales Contest
HOW YOU PLAY

Model

Model

Model

Model

Model

Model

Model

Model

Model

Sell XXX Graco Equipment
to a Customer and fill a
Square
 Three Squares in a row
win 100 points
 Six Squares win 300
points
 All Nine Squares win 600
points
 $ Sold based on Graco
price to Dealer
 Select Prizes with the
Points Won
Plateau Sales or Purchase Contest

 Sell a Lot and Win a Lot
 Plateau Structure
 $ Sold based on Graco
price to Dealer
 Select Prizes with the
Points Won
 Payout 2% of sales

Points/
Gift

$500

$100

$750

Win More with
Graco

Graco
$ Sold

$150

$1000

$200

$1250

$250

$1500

$300

$1750

$350

$2,000

$400

$3,000

$600

$4,000

$800

$5,000

$1,000
Promotion is Less Risky than
Discounts, Rebates or Free Goods
If Your Present Gross Margin Is:
5%
Cut
Price
1%
5%
10%
15%
20%

10%

15%

20%

25%

30%

40%

You Need an Increase in Unit Sales Of …
25.0%

11.1%

7.1%

5.3%

4.2%

3.4%

2.6%

100.0%

50.0%

33.3%

25.0%

20.0%

14.3%

200.0%

100.0%

66.7%

50.0%

33.3%

300.0%

150.0%

100.0%

60.0%

316.7%

172.7%

90.5%
Promotion versus Discounts or
Rebates or Free Goods










Discounts and promotional allowances used repeatedly become ‘part of the
price’, and appeal is lost. Hence, why many automobile companies have
gone to a everyday price versus discounts or rebates
A true incentive provides not only an inducement, but adds excitement,
interest, drama and a sense of urgency.
Discounts often mean ‘giving away’ the product and ‘doing this a new way’
each time develops into a vicious cycle.
Discounts simply cannot generate the appeal and motivation as can
merchandise or travel awards.
A dealer or distributor accustomed to buying on the basis of discounts is
vulnerable to your competitors’ inducements.
Discounts are often passed on to the end-user at a lower retail price.
Discounts can be easily matched by competitors
Non-cash incentives represent minimal investment because the program
funding is accrued basically from increased sales or purchases.

If cash/rebates/free goods/discounts are such a great motivators,
why aren’t they selling more or buying more?
Why Incentives Work
 Incentive programs can increase performance by up to 44 percent in
teams and 25 percent in individuals, according to “Incentive,
Motivation, & Workplace Performance,” a study by the International
Society of Performance Improvement.
 Fewer than one in four American workers is working at full potential;
half of all workers do no more than directly asked; and 75 percent of
employees say they could be more effective in their jobs, according to
research by the Public Agenda Forum.
 70 percent of unhappy customers abandon vendors because of poor
service, according to the Forum Corp.
 A 5 percent increase in customer retention can increase lifetime profits
from a customer by 75 percent, according to The Loyalty Effect
(Harvard Business School Press), by Frederick Reichheld.
 Some 65 percent of executives believe that incentive programs using
travel and merchandise are more memorable than those using cash;
60 percent of executives believe that sources of merchandise and
travel are more helpful in creating an incentive program than are
sources of cash, and 57 percent of executives believe that bonus
payments are often regarded by employees as something they are
due, according to the most recent “Survey of Motivation and Incentive
Applications” by the Incentive Federation.
Incentive Strategy
Performance with Incentive (Move the Bar)
Incentive Strategy
 The Target Audience for Incentives should be
the Mid-Range Performers.
 This is the biggest audience and can have the
most impact on overall objectives
 Usually a company has:
•
•
•
•
•

5-7% Top Performers
80-90% Mid-Range Performers
5-7% Poor Performers (short-term)
Performance will increase at most levels
Variable to market conditions (5-30%+)
Sales Contest Length
 Based on Sales Cycle
 Then double Promotion Period
 Flex Period Promotions: Allows
Channel Partners to run the
promotion to meet their schedule
Budget Rules of Thumb
 Sales: 1-2% if product margins less
than 30% and 2-3% if product
margins greater than 30%
 Incremental Sales 4-7% if product
margins less than 30% and 7-10% if
product margins greater than 30%
 Trial Offers can range from 5% to
20% of Sales
Tracking Sales/Purchases
o Sales Data
 Track Sales by Distributor
 Sometimes get sales by DSR

o Claim Prize
 Claim Form and Attached Invoice/PO
 Claim Form and then we verify by
Distributor Sales Data
 Send in UPC’s
 Payout when Distributor Pays Bills
Sales Training Tools
 Virtual Role Play: Allen Interactions
 Product Quizzes with rewards for
passing
 Product Sample Kit/Display
 Brand Awareness Advertising:
Counter Mats, Mouse Pads, Wall or
Desk Calendars, Mugs, Pens, Caps,
Shirts
Prizes

Award Points are
redeemed for the
top-quality, namebrand items
featured in the
Awards Selection.
.
Prizes
Amazon over 6 million to select
from, web based, self admin
Hand Pick Prizes/Premiums
Individual Vacation: HMI Miles,
HMI Vacation Packages
Catalogs: Hinda, PFI, Quality
and Certif-A-Gift, Top Brands
RKM Game Cards
SCA On line Game
Pro Licensed Merchandise
Gift Cards
Merchandise vs. Cash
 Cash satisfies basic needs which does not motivate
behavior.
 Cash is the currency of compensation and pricing. Use
cash and it becomes part of an individual’s compensation
package or a customer’s pricing program. Invariably, if
you offer a cash incentive to any audience, internal or
external, it becomes a benchmark against which future
compensation and pricing issues get measured, leading to
a condition known as “program addiction.” Because cash
quickly gets mingled with other compensation or expenses
(in the case of customer cash expenses)
 Major Oil Company Study Summary
 Non-cash outperformed cash by 46%
 Non-cash: 37% increase in product mix
 ROI
 Cash: -20%
 Every $1 invested = an $0.80 return
 Non-cash: +31%
 Every $1 invested = a $1.31 return
Mazda Motor of America
Situation:

Budget
$75 per vehicle

Strategy
Emphasize Value

Goal: Stimulate
B-Series Sales

• 90% of Mazda Dealers
carry at least one other
brand of vehicle
• After introducing many
state of the art vehicles,
light truck sales suffered
Test:

Incentive
Cash vs.
AwardperQ’s

• Two randomly-selected
test groups
• Randomly assigned
cash/non-cash rewards
Mazda B-Series Truck
Example
15.65

16
14
12
10
8

% Over Objective

6
4
2
0

2.13
Cash Districts

AwardperQs
Mazda B-Series Test
Results
Number of Districts Compared to Objective
35
30
25

15

20
15
10
5

21

1
16

1
10

0
Cash

AwardperQs

Over Objective
Even with Objective
Under Objective
Thank You

Contenu connexe

Tendances

Tendances (20)

Mod 4
Mod 4Mod 4
Mod 4
 
Sales planning & training seminar workshop
Sales planning & training seminar workshopSales planning & training seminar workshop
Sales planning & training seminar workshop
 
Sales force automation
Sales force automationSales force automation
Sales force automation
 
Segmentation, Targeting, and Positioning
Segmentation, Targeting, and PositioningSegmentation, Targeting, and Positioning
Segmentation, Targeting, and Positioning
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 
Introduction to Marketing Planning
Introduction to Marketing PlanningIntroduction to Marketing Planning
Introduction to Marketing Planning
 
Salary structure
Salary structureSalary structure
Salary structure
 
Pay for- performance: Incentive Rewards
Pay for- performance: Incentive RewardsPay for- performance: Incentive Rewards
Pay for- performance: Incentive Rewards
 
Industrial marketing
Industrial marketingIndustrial marketing
Industrial marketing
 
Building a Business Development Strategy
Building a Business Development StrategyBuilding a Business Development Strategy
Building a Business Development Strategy
 
Marketing Planning Process
Marketing Planning ProcessMarketing Planning Process
Marketing Planning Process
 
Marketing plan
Marketing planMarketing plan
Marketing plan
 
Channel Partner Management
Channel Partner ManagementChannel Partner Management
Channel Partner Management
 
Omnichannel
OmnichannelOmnichannel
Omnichannel
 
Sales Forecasting
Sales ForecastingSales Forecasting
Sales Forecasting
 
Sales & Distribution
Sales & DistributionSales & Distribution
Sales & Distribution
 
Marketing strategies
Marketing strategiesMarketing strategies
Marketing strategies
 
Product and Brand Management
Product and Brand ManagementProduct and Brand Management
Product and Brand Management
 
Retention strategies
Retention strategiesRetention strategies
Retention strategies
 
Ch1 cb
Ch1 cbCh1 cb
Ch1 cb
 

En vedette

Ch 17 designing and integrating marketing communications14e
Ch 17 designing and integrating marketing communications14eCh 17 designing and integrating marketing communications14e
Ch 17 designing and integrating marketing communications14eNazmul Hasan Mahmud
 
The Strategic Sales Incentive Plan Audit: Put Away Your Calculator
The Strategic Sales Incentive Plan Audit: Put Away Your CalculatorThe Strategic Sales Incentive Plan Audit: Put Away Your Calculator
The Strategic Sales Incentive Plan Audit: Put Away Your CalculatorCallidus Software
 
Training and development of the employees in Bajaj auto
Training and development of the employees in Bajaj autoTraining and development of the employees in Bajaj auto
Training and development of the employees in Bajaj autoNajeebhemat Malikzia
 
Kotler chapter 15
Kotler  chapter 15Kotler  chapter 15
Kotler chapter 159209407
 

En vedette (6)

Ch 17 designing and integrating marketing communications14e
Ch 17 designing and integrating marketing communications14eCh 17 designing and integrating marketing communications14e
Ch 17 designing and integrating marketing communications14e
 
Incentives plans
Incentives plansIncentives plans
Incentives plans
 
The Strategic Sales Incentive Plan Audit: Put Away Your Calculator
The Strategic Sales Incentive Plan Audit: Put Away Your CalculatorThe Strategic Sales Incentive Plan Audit: Put Away Your Calculator
The Strategic Sales Incentive Plan Audit: Put Away Your Calculator
 
Training and development of the employees in Bajaj auto
Training and development of the employees in Bajaj autoTraining and development of the employees in Bajaj auto
Training and development of the employees in Bajaj auto
 
Incentive
IncentiveIncentive
Incentive
 
Kotler chapter 15
Kotler  chapter 15Kotler  chapter 15
Kotler chapter 15
 

Similaire à Sales Incentive program examples

Manufactureranddistributorloyalty
ManufactureranddistributorloyaltyManufactureranddistributorloyalty
ManufactureranddistributorloyaltyDerek Miller
 
Customer Referral Program
Customer Referral ProgramCustomer Referral Program
Customer Referral ProgramDavid Thompson
 
Employee Rewards Programs: The Formula for Successful Rewards
Employee Rewards Programs: The Formula for Successful RewardsEmployee Rewards Programs: The Formula for Successful Rewards
Employee Rewards Programs: The Formula for Successful RewardsTom Daly
 
Get customers, productive employees & happy clientele
Get customers, productive employees & happy clientele Get customers, productive employees & happy clientele
Get customers, productive employees & happy clientele Sunrise Promotions, Inc.
 
Accu agency management tips
Accu agency management tipsAccu agency management tips
Accu agency management tipsEddie Emmett
 
Compensation through easy-commission
Compensation through easy-commissionCompensation through easy-commission
Compensation through easy-commissioneasycommission
 
Compensation
CompensationCompensation
Compensationamitgurus
 
Inside Sales Compensation & Incentives Best Practices
Inside Sales Compensation & Incentives Best PracticesInside Sales Compensation & Incentives Best Practices
Inside Sales Compensation & Incentives Best PracticesHeinz Marketing Inc
 
Incentive Survey Results
Incentive Survey ResultsIncentive Survey Results
Incentive Survey Resultsrcowen
 
IC Group Capabilities
IC Group CapabilitiesIC Group Capabilities
IC Group Capabilitiesdanconroy9600
 
Affiliate Profit: Are you losing money?
Affiliate Profit: Are you losing money?Affiliate Profit: Are you losing money?
Affiliate Profit: Are you losing money?sarlycg
 
Affiliate Profit: Are you losing money?
Affiliate Profit: Are you losing money?Affiliate Profit: Are you losing money?
Affiliate Profit: Are you losing money?ynotski62
 
Customer loyalty programme Reliance Retail Limited
Customer loyalty programme Reliance Retail LimitedCustomer loyalty programme Reliance Retail Limited
Customer loyalty programme Reliance Retail LimitedHITESH BHARTI
 
Success Strategies For Indirect And National Retail
Success Strategies For Indirect And National RetailSuccess Strategies For Indirect And National Retail
Success Strategies For Indirect And National RetailAlan Hurd
 
Meridian Media Traffic Ticket Presentation
Meridian Media Traffic Ticket PresentationMeridian Media Traffic Ticket Presentation
Meridian Media Traffic Ticket Presentationheidifenskejohnson
 
Money for Nothing, Clicks for Free - An Exploration into Affiliate Marketing
Money for Nothing, Clicks for Free - An Exploration into Affiliate MarketingMoney for Nothing, Clicks for Free - An Exploration into Affiliate Marketing
Money for Nothing, Clicks for Free - An Exploration into Affiliate Marketingadamboettiger
 
How to launch a customer loyalty program that boosts your bottom line
How to launch a customer loyalty program that boosts your bottom lineHow to launch a customer loyalty program that boosts your bottom line
How to launch a customer loyalty program that boosts your bottom lineDarren DeMatas, MBA
 
Customer Loyalty program trends 2021
Customer Loyalty program trends 2021Customer Loyalty program trends 2021
Customer Loyalty program trends 2021Kushal Shah
 

Similaire à Sales Incentive program examples (20)

Manufactureranddistributorloyalty
ManufactureranddistributorloyaltyManufactureranddistributorloyalty
Manufactureranddistributorloyalty
 
Customer Referral Program
Customer Referral ProgramCustomer Referral Program
Customer Referral Program
 
Employee Rewards Programs: The Formula for Successful Rewards
Employee Rewards Programs: The Formula for Successful RewardsEmployee Rewards Programs: The Formula for Successful Rewards
Employee Rewards Programs: The Formula for Successful Rewards
 
SPI Agency Presentation
SPI Agency PresentationSPI Agency Presentation
SPI Agency Presentation
 
Get customers, productive employees & happy clientele
Get customers, productive employees & happy clientele Get customers, productive employees & happy clientele
Get customers, productive employees & happy clientele
 
Accu agency management tips
Accu agency management tipsAccu agency management tips
Accu agency management tips
 
Compensation through easy-commission
Compensation through easy-commissionCompensation through easy-commission
Compensation through easy-commission
 
Compensation
CompensationCompensation
Compensation
 
Inside Sales Compensation & Incentives Best Practices
Inside Sales Compensation & Incentives Best PracticesInside Sales Compensation & Incentives Best Practices
Inside Sales Compensation & Incentives Best Practices
 
Incentive Survey Results
Incentive Survey ResultsIncentive Survey Results
Incentive Survey Results
 
P rao hdfc
P rao hdfcP rao hdfc
P rao hdfc
 
IC Group Capabilities
IC Group CapabilitiesIC Group Capabilities
IC Group Capabilities
 
Affiliate Profit: Are you losing money?
Affiliate Profit: Are you losing money?Affiliate Profit: Are you losing money?
Affiliate Profit: Are you losing money?
 
Affiliate Profit: Are you losing money?
Affiliate Profit: Are you losing money?Affiliate Profit: Are you losing money?
Affiliate Profit: Are you losing money?
 
Customer loyalty programme Reliance Retail Limited
Customer loyalty programme Reliance Retail LimitedCustomer loyalty programme Reliance Retail Limited
Customer loyalty programme Reliance Retail Limited
 
Success Strategies For Indirect And National Retail
Success Strategies For Indirect And National RetailSuccess Strategies For Indirect And National Retail
Success Strategies For Indirect And National Retail
 
Meridian Media Traffic Ticket Presentation
Meridian Media Traffic Ticket PresentationMeridian Media Traffic Ticket Presentation
Meridian Media Traffic Ticket Presentation
 
Money for Nothing, Clicks for Free - An Exploration into Affiliate Marketing
Money for Nothing, Clicks for Free - An Exploration into Affiliate MarketingMoney for Nothing, Clicks for Free - An Exploration into Affiliate Marketing
Money for Nothing, Clicks for Free - An Exploration into Affiliate Marketing
 
How to launch a customer loyalty program that boosts your bottom line
How to launch a customer loyalty program that boosts your bottom lineHow to launch a customer loyalty program that boosts your bottom line
How to launch a customer loyalty program that boosts your bottom line
 
Customer Loyalty program trends 2021
Customer Loyalty program trends 2021Customer Loyalty program trends 2021
Customer Loyalty program trends 2021
 

Plus de Derek Miller

Automated referral program presentation
Automated referral program presentationAutomated referral program presentation
Automated referral program presentationDerek Miller
 
Retail Banks and Credit Union promotions designed to drive traffic
Retail Banks and Credit Union promotions designed to drive trafficRetail Banks and Credit Union promotions designed to drive traffic
Retail Banks and Credit Union promotions designed to drive trafficDerek Miller
 
B2B Dimensional Mail
B2B Dimensional MailB2B Dimensional Mail
B2B Dimensional MailDerek Miller
 
Why incentive programs_endure_recessions
Why incentive programs_endure_recessionsWhy incentive programs_endure_recessions
Why incentive programs_endure_recessionsDerek Miller
 
Truck mileage savings program
Truck mileage savings programTruck mileage savings program
Truck mileage savings programDerek Miller
 
Our Community Marketing Program Ppt 10 7 11
Our Community Marketing Program   Ppt 10 7 11Our Community Marketing Program   Ppt 10 7 11
Our Community Marketing Program Ppt 10 7 11Derek Miller
 
Grow your business with referrals
Grow your business with referralsGrow your business with referrals
Grow your business with referralsDerek Miller
 
Purl Powerpoint Proprinters
Purl Powerpoint ProprintersPurl Powerpoint Proprinters
Purl Powerpoint ProprintersDerek Miller
 
Clientversionvariableratio
ClientversionvariableratioClientversionvariableratio
ClientversionvariableratioDerek Miller
 
Pro Printersonlinegames.
Pro Printersonlinegames.Pro Printersonlinegames.
Pro Printersonlinegames.Derek Miller
 

Plus de Derek Miller (13)

Automated referral program presentation
Automated referral program presentationAutomated referral program presentation
Automated referral program presentation
 
Retail Banks and Credit Union promotions designed to drive traffic
Retail Banks and Credit Union promotions designed to drive trafficRetail Banks and Credit Union promotions designed to drive traffic
Retail Banks and Credit Union promotions designed to drive traffic
 
B2B Dimensional Mail
B2B Dimensional MailB2B Dimensional Mail
B2B Dimensional Mail
 
Why incentive programs_endure_recessions
Why incentive programs_endure_recessionsWhy incentive programs_endure_recessions
Why incentive programs_endure_recessions
 
Truck mileage savings program
Truck mileage savings programTruck mileage savings program
Truck mileage savings program
 
Our Community Marketing Program Ppt 10 7 11
Our Community Marketing Program   Ppt 10 7 11Our Community Marketing Program   Ppt 10 7 11
Our Community Marketing Program Ppt 10 7 11
 
Grow your business with referrals
Grow your business with referralsGrow your business with referrals
Grow your business with referrals
 
Salons Tanning
Salons TanningSalons Tanning
Salons Tanning
 
Bank Ideas
Bank IdeasBank Ideas
Bank Ideas
 
Retailpromotions
RetailpromotionsRetailpromotions
Retailpromotions
 
Purl Powerpoint Proprinters
Purl Powerpoint ProprintersPurl Powerpoint Proprinters
Purl Powerpoint Proprinters
 
Clientversionvariableratio
ClientversionvariableratioClientversionvariableratio
Clientversionvariableratio
 
Pro Printersonlinegames.
Pro Printersonlinegames.Pro Printersonlinegames.
Pro Printersonlinegames.
 

Dernier

Navigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessNavigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessElizabeth Moore
 
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...Marketing BRANDING
 
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content ClubSEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content ClubNitin Manchanda
 
Exploring the Impact of Social Media Trends on Society.pdf
Exploring the Impact of Social Media Trends on Society.pdfExploring the Impact of Social Media Trends on Society.pdf
Exploring the Impact of Social Media Trends on Society.pdfolivalibereo
 
How To Become a Master In Search Engine Optimization (SEO)
How To Become a Master In Search Engine Optimization (SEO)How To Become a Master In Search Engine Optimization (SEO)
How To Become a Master In Search Engine Optimization (SEO)Blessings Ngalande
 
Miss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMiss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMagdalena Kulisz
 
20 Top Social Media Tips for Peer Specialists
20 Top Social Media Tips for Peer Specialists20 Top Social Media Tips for Peer Specialists
20 Top Social Media Tips for Peer Specialistsmlicam615
 
Creating a Successful Digital Marketing Campaign.pdf
Creating a Successful Digital Marketing Campaign.pdfCreating a Successful Digital Marketing Campaign.pdf
Creating a Successful Digital Marketing Campaign.pdfgopzzzin
 
Paul Russell Confidential Resume for Fahlo.pdf
Paul Russell Confidential Resume for Fahlo.pdfPaul Russell Confidential Resume for Fahlo.pdf
Paul Russell Confidential Resume for Fahlo.pdfpaul8402
 
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckDave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckOban International
 
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...Associazione Digital Days
 
Understand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMUnderstand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMsearchextensionin
 
social media optimization complete indroduction
social media optimization complete indroductionsocial media optimization complete indroduction
social media optimization complete indroductioninfoshraddha747
 
The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...sowmyrao14
 
Unlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingUnlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingDaniel
 
Gen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfGen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfMedia Logic
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainBanyanbrain
 
Content Marketing: How To Find The True Value Of Your Marketing Funnel
Content Marketing: How To Find The True Value Of Your Marketing FunnelContent Marketing: How To Find The True Value Of Your Marketing Funnel
Content Marketing: How To Find The True Value Of Your Marketing FunnelSearch Engine Journal
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...VereigenMedia1
 
2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisitionJohn Koetsier
 

Dernier (20)

Navigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for SuccessNavigating Global Markets and Strategies for Success
Navigating Global Markets and Strategies for Success
 
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
Agencia Marketing Branding Examen Fundamentals Digital Marketing Google Abril...
 
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content ClubSEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
SEO Forecasting by Nitin Manchanda at Berlin SEO & Content Club
 
Exploring the Impact of Social Media Trends on Society.pdf
Exploring the Impact of Social Media Trends on Society.pdfExploring the Impact of Social Media Trends on Society.pdf
Exploring the Impact of Social Media Trends on Society.pdf
 
How To Become a Master In Search Engine Optimization (SEO)
How To Become a Master In Search Engine Optimization (SEO)How To Become a Master In Search Engine Optimization (SEO)
How To Become a Master In Search Engine Optimization (SEO)
 
Miss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdfMiss Immigrant USA Activity Pageant Program.pdf
Miss Immigrant USA Activity Pageant Program.pdf
 
20 Top Social Media Tips for Peer Specialists
20 Top Social Media Tips for Peer Specialists20 Top Social Media Tips for Peer Specialists
20 Top Social Media Tips for Peer Specialists
 
Creating a Successful Digital Marketing Campaign.pdf
Creating a Successful Digital Marketing Campaign.pdfCreating a Successful Digital Marketing Campaign.pdf
Creating a Successful Digital Marketing Campaign.pdf
 
Paul Russell Confidential Resume for Fahlo.pdf
Paul Russell Confidential Resume for Fahlo.pdfPaul Russell Confidential Resume for Fahlo.pdf
Paul Russell Confidential Resume for Fahlo.pdf
 
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO DeckDave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
Dave Cousin TW-BERT Good for Users, Good for SEOsBrighton SEO Deck
 
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
Francesco d’Angela, Service Designer di @HintoGroup- “Oltre la Frontiera Crea...
 
Understand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMMUnderstand the Key differences between SMO and SMM
Understand the Key differences between SMO and SMM
 
social media optimization complete indroduction
social media optimization complete indroductionsocial media optimization complete indroduction
social media optimization complete indroduction
 
The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...The Evolution of Internet : How consumers use technology and its impact on th...
The Evolution of Internet : How consumers use technology and its impact on th...
 
Unlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate MarketingUnlocking Passive Income: The Power of Affiliate Marketing
Unlocking Passive Income: The Power of Affiliate Marketing
 
Gen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdfGen Z and Millennial Debit Card Use Survey.pdf
Gen Z and Millennial Debit Card Use Survey.pdf
 
A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | Banyanbrain
 
Content Marketing: How To Find The True Value Of Your Marketing Funnel
Content Marketing: How To Find The True Value Of Your Marketing FunnelContent Marketing: How To Find The True Value Of Your Marketing Funnel
Content Marketing: How To Find The True Value Of Your Marketing Funnel
 
Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...Master the art of Social Selling to increase sales by fostering relationships...
Master the art of Social Selling to increase sales by fostering relationships...
 
2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition2024 WTF - what's working in mobile user acquisition
2024 WTF - what's working in mobile user acquisition
 

Sales Incentive program examples

  • 1. Captive Sales Force Sales Contests & Sales Recognition Presentation
  • 2. Great Ideas Come From Great Clients
  • 3. Captive Sales Force Objectives  New Accounts  Quota Attainment  Sales Clubs  Product Launch  Training  Steps to the Sale  Recognition
  • 4. Monthly Rewards for Quota and Annual Trip Club Rewards
  • 6. Points Reward Program •Best Buy, buy.com •Travel, Hotel, Air •Entertainment •Events •For Men and Woman Demo Website: https://taz.valuesme.com Username: salesdemo Password: demo
  • 12. Variable Ratio Reward Cards™ There are 20 rub off spaces on the front of each card. Beneath 5 of the spaces is the word “WIN”. Participants rub off any 5 spaces. The number of WINs uncovered (and your budget) determines the award!
  • 13. Variable Ratio Reward Cards™ You want to motivate Sales Reps to Open New Accounts & Sell More of Your Product. Your incentive budget is $25 per New Account & $25 per “X” cases sold. An example of the Variable Ratio Reward Card™ that could be earned is: WINs Uncovered 0 1 2 3 4 5 Points 2,000 3,000 4,000 10,000 100,000 Cruise ($)Value 10 15 20 50 500 3,000 (or 600,000 points!) Your fixed cost is $24.96 each, which is the average awards value of the card. VR Cards™ are invoiced as they are issued @ a fixed cost to you. Note: We recommend Sales Managers receive VR Cards based on their salespeople’s performance
  • 14. Variable Ratio Reward Cards™ The primary motivational power of VR Cards™ Jackpots on Every Card! (VR Cards™ are not seeded; each card has the opportunity for the grand prize award) Every Card is a Winner! (No losers)
  • 15. BINGO Sales Contest BINGO BRING IN NEW GROWTH OPPORTUNITIES HOW YOU PLAY For Every $200 of Katun Equipment Sold fills a Square  One Row win 100 points  Two Rows win 200 points  Three Rows win 300 points  Four Rows win 400 points  All Rows win 600 points  $ Sold based on Katun price to Dealer A 1 2 3 4 5 . B C D E
  • 16. Tic Tac $ Sales Contest HOW YOU PLAY Model Model Model Model Model Model Model Model Model Sell XXX Graco Equipment to a Customer and fill a Square  Three Squares in a row win 100 points  Six Squares win 300 points  All Nine Squares win 600 points  $ Sold based on Graco price to Dealer  Select Prizes with the Points Won
  • 17. Plateau Sales or Purchase Contest  Sell a Lot and Win a Lot  Plateau Structure  $ Sold based on Graco price to Dealer  Select Prizes with the Points Won  Payout 2% of sales Points/ Gift $500 $100 $750 Win More with Graco Graco $ Sold $150 $1000 $200 $1250 $250 $1500 $300 $1750 $350 $2,000 $400 $3,000 $600 $4,000 $800 $5,000 $1,000
  • 18. Promotion is Less Risky than Discounts, Rebates or Free Goods If Your Present Gross Margin Is: 5% Cut Price 1% 5% 10% 15% 20% 10% 15% 20% 25% 30% 40% You Need an Increase in Unit Sales Of … 25.0% 11.1% 7.1% 5.3% 4.2% 3.4% 2.6% 100.0% 50.0% 33.3% 25.0% 20.0% 14.3% 200.0% 100.0% 66.7% 50.0% 33.3% 300.0% 150.0% 100.0% 60.0% 316.7% 172.7% 90.5%
  • 19. Promotion versus Discounts or Rebates or Free Goods         Discounts and promotional allowances used repeatedly become ‘part of the price’, and appeal is lost. Hence, why many automobile companies have gone to a everyday price versus discounts or rebates A true incentive provides not only an inducement, but adds excitement, interest, drama and a sense of urgency. Discounts often mean ‘giving away’ the product and ‘doing this a new way’ each time develops into a vicious cycle. Discounts simply cannot generate the appeal and motivation as can merchandise or travel awards. A dealer or distributor accustomed to buying on the basis of discounts is vulnerable to your competitors’ inducements. Discounts are often passed on to the end-user at a lower retail price. Discounts can be easily matched by competitors Non-cash incentives represent minimal investment because the program funding is accrued basically from increased sales or purchases. If cash/rebates/free goods/discounts are such a great motivators, why aren’t they selling more or buying more?
  • 20. Why Incentives Work  Incentive programs can increase performance by up to 44 percent in teams and 25 percent in individuals, according to “Incentive, Motivation, & Workplace Performance,” a study by the International Society of Performance Improvement.  Fewer than one in four American workers is working at full potential; half of all workers do no more than directly asked; and 75 percent of employees say they could be more effective in their jobs, according to research by the Public Agenda Forum.  70 percent of unhappy customers abandon vendors because of poor service, according to the Forum Corp.  A 5 percent increase in customer retention can increase lifetime profits from a customer by 75 percent, according to The Loyalty Effect (Harvard Business School Press), by Frederick Reichheld.  Some 65 percent of executives believe that incentive programs using travel and merchandise are more memorable than those using cash; 60 percent of executives believe that sources of merchandise and travel are more helpful in creating an incentive program than are sources of cash, and 57 percent of executives believe that bonus payments are often regarded by employees as something they are due, according to the most recent “Survey of Motivation and Incentive Applications” by the Incentive Federation.
  • 21. Incentive Strategy Performance with Incentive (Move the Bar)
  • 22. Incentive Strategy  The Target Audience for Incentives should be the Mid-Range Performers.  This is the biggest audience and can have the most impact on overall objectives  Usually a company has: • • • • • 5-7% Top Performers 80-90% Mid-Range Performers 5-7% Poor Performers (short-term) Performance will increase at most levels Variable to market conditions (5-30%+)
  • 23. Sales Contest Length  Based on Sales Cycle  Then double Promotion Period  Flex Period Promotions: Allows Channel Partners to run the promotion to meet their schedule
  • 24. Budget Rules of Thumb  Sales: 1-2% if product margins less than 30% and 2-3% if product margins greater than 30%  Incremental Sales 4-7% if product margins less than 30% and 7-10% if product margins greater than 30%  Trial Offers can range from 5% to 20% of Sales
  • 25. Tracking Sales/Purchases o Sales Data  Track Sales by Distributor  Sometimes get sales by DSR o Claim Prize  Claim Form and Attached Invoice/PO  Claim Form and then we verify by Distributor Sales Data  Send in UPC’s  Payout when Distributor Pays Bills
  • 26. Sales Training Tools  Virtual Role Play: Allen Interactions  Product Quizzes with rewards for passing  Product Sample Kit/Display  Brand Awareness Advertising: Counter Mats, Mouse Pads, Wall or Desk Calendars, Mugs, Pens, Caps, Shirts
  • 27. Prizes Award Points are redeemed for the top-quality, namebrand items featured in the Awards Selection. .
  • 28. Prizes Amazon over 6 million to select from, web based, self admin Hand Pick Prizes/Premiums Individual Vacation: HMI Miles, HMI Vacation Packages Catalogs: Hinda, PFI, Quality and Certif-A-Gift, Top Brands RKM Game Cards SCA On line Game Pro Licensed Merchandise Gift Cards
  • 29. Merchandise vs. Cash  Cash satisfies basic needs which does not motivate behavior.  Cash is the currency of compensation and pricing. Use cash and it becomes part of an individual’s compensation package or a customer’s pricing program. Invariably, if you offer a cash incentive to any audience, internal or external, it becomes a benchmark against which future compensation and pricing issues get measured, leading to a condition known as “program addiction.” Because cash quickly gets mingled with other compensation or expenses (in the case of customer cash expenses)  Major Oil Company Study Summary  Non-cash outperformed cash by 46%  Non-cash: 37% increase in product mix  ROI  Cash: -20%  Every $1 invested = an $0.80 return  Non-cash: +31%  Every $1 invested = a $1.31 return
  • 30. Mazda Motor of America Situation: Budget $75 per vehicle Strategy Emphasize Value Goal: Stimulate B-Series Sales • 90% of Mazda Dealers carry at least one other brand of vehicle • After introducing many state of the art vehicles, light truck sales suffered Test: Incentive Cash vs. AwardperQ’s • Two randomly-selected test groups • Randomly assigned cash/non-cash rewards
  • 31. Mazda B-Series Truck Example 15.65 16 14 12 10 8 % Over Objective 6 4 2 0 2.13 Cash Districts AwardperQs
  • 32. Mazda B-Series Test Results Number of Districts Compared to Objective 35 30 25 15 20 15 10 5 21 1 16 1 10 0 Cash AwardperQs Over Objective Even with Objective Under Objective