Businesses Give Offers To Encourage Or Remind Customers To Take The Next Action Whether Through A Loyalty Program Or A One-Off Promotion.
Today Consumers Have More Choices Than Ever; Incentive Marketing Helps Businesses Grab The Attention Of Customers With Offers Or Opportunities.
This Engages A Segment Of Consumers That May Not Otherwise Consider Your Company Services Or Products, However We Emphasize This Does Not Necessarily Mean You Have To Pay People To Interact With Your Business.
Non-Monetary Rewards, Peer Recognition And Discounts Are All Effective Incentives. The Formula Works Well When It Results In Enjoyment, Such As A Game Or Contest.
Maybe You Have Purchased A Larger Order Of McDonald’s Fries To Get A Monopoly Game Piece; There You Have Enjoyed The Pull Of Incentive Marketing.
The Motivation Factor Does Not Need To Be Expensive, Although You May Have Purchase The Fries For Hoping To Be A Millionaire And You Be Happy With A Free Burger Too, Often, It’s Just Fun To Play.
Just Remember This Formula For Crafting Your Plan, Ability + Motivation = Performance.
Your Business Can Apply This Formula And Applicable To MICE Events, Retail Marketing, Loyalty Programs, And Much More To Assist Your Brands In Creating An Effective Sales And Marketing Strategy.