Inspired Incentives

The Top 4 Incentive Travel Mistakes and How To Avoid Them

Posted by Devin Ferreira

Tue, Feb 20, 2018 @ 03:03 PM

Most of us have been there: you’ve planned a trip that you’re really excited about. You consider yourself to be a prudent, fairly organized person, so, thinking ahead, you’ve created a brilliant itinerary to make the most of your limited vacation time.

You feel like you have the perfect balance of active and leisure time, and you’ve even built in an experience of the local culture to help you broaden your horizons and appreciate something you know you won’t find back home.

Now all you need to do is stick to the plan and everything will work out just as you expect it to.

But then your flight gets delayed, or it rains on your day of leisure.

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Topics: Group Incentive Travel

Know Thy Participants: Why Group Demographics Are a Real Difference-Maker

Posted by Devin Ferreira

Tue, Feb 06, 2018 @ 10:02 AM

Let’s play a game. Take a look at the following three personality profiles:

Part 1: Participant Profiles

1) Tony is a 45-year-old independent contractor from Pittsburgh.

He has a wife and two kids. He earns between $50,000-$60,000 a year, and he loves the Steelers and Penguins.

Tony owns a small boat, and during the summer, he and his family rent out the same lake house and spend two wonderful weeks swimming, water skiing, and enjoying the great outdoors.

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Topics: reward options, demographics

The Priceless Value of Experiential Rewards

Posted by Chris Largent

Thu, Feb 01, 2018 @ 10:01 AM

Imagine you’re at this year’s Big Game. The crowd is roaring all around you as you make it to your seat, a beer in one hand and a hot dog in the other.

As you and your friend side step your way past jerseys of green, black, white, and blue, you remember the VIP entrance you just came from.

You were able to shake hands with the head coach of your team and take a picture with one of your favorite players. What an unforgettable experience, you think to yourself, and you settle into your seat for the biggest sporting event of the year.

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Topics: Experiential Rewards

Why a DIY Reward or Incentive System Can Be Your Happy Medium

Posted by Devin Ferreira

Tue, Jan 30, 2018 @ 09:29 AM

Is it just me, or does it seem like we’ve entered the golden age of Do-It-Yourself (DIY) solutions?

When we face a problem or challenge, or have to deal with something even vaguely unfamiliar, what’s the first step that we usually take? Do we call up an expert and ask them for help, shelling out an uncertain amount of money in the process?

No, chances are if you’re like me, and your garbage disposal breaks, you’ll immediately turn to Google to find out the source of the issue, followed by YouTube to see how to fix it. If, and only if, this proves to be more time or effort than you’re willing to devote to the problem, will you seek out a local plumber (with satisfactory reviews on Yelp).

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Topics: incentive programs, DIY

Running an International Program: The “Know Your Audience” Checklist

Posted by Chris Largent

Mon, Jan 22, 2018 @ 01:05 PM

I’m sure you’ve all heard of the blunders of corporations who didn’t do enough research while branching out into international markets.

One of the most common blunders (which actually turns out to be an urban legend) is Chevy’s Nova sales flopping in Latin America.

The tale goes that since “no va” in Spanish means “doesn’t go”, the car company was unable to achieve its projected sales in the market.

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Topics: incentive programs, international

The 2018 Incentive Outlook

Posted by Devin Ferreira

Mon, Jan 15, 2018 @ 08:15 AM

What does the future hold for incentive programs?

Based on research conducted by the Society for Incentive Travel (SITE) and the Incentive Research Foundation (IRF), the outlook for programs in 2018 seems to be mostly positive.

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Topics: Incentives in 2018

Ensure Incentive Success With...

Posted by Devin Ferreira

Tue, Dec 26, 2017 @ 10:01 AM

In our previous blog, we offered some advice on how to choose the right incentive program for your organization. This included determining your goals and your audience.

But if you are thinking about implementing an incentive program, whatever you decide on—whether it’s a sales incentive program for your highest performers, a customer incentive program that targets your Middle 60% of customers, or something else—one common element that remains essential no matter the program type is... drumroll please... 

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Topics: incentive programs, marketing

Which Incentive Program Is Just Right?

Posted by Chris Largent

Tue, Dec 19, 2017 @ 09:01 AM

Now that we’ve established that 2018 is the year for incentives, you need to know what type of incentive program will fit your organization best.

As you can imagine, there’s a lot of thought, research, and decision making that goes into finding the incentive program that fits your organization just right.

There are also many determination factors that come into play when picking an incentive program. Factors such as the number of anticipated participants, earning criteria, budget, company and distribution size, how long the program will run, company culture, etc. For our purposes here, however, we’re going to narrow the scope.

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Topics: Sales Growth, Channel Incentives, Customer Loyalty

Why 2018 Is the Year for Incentives

Posted by Chris Largent

Tue, Dec 12, 2017 @ 10:02 AM

You may already have an incentive program. In which case, well done! However, if you don’t, take a moment to consider 2018 as your year to drive results by making a powerful investment in your company.

There are several benefits to an incentive program of any kind, no matter whether they target sales people, employees, customers, or channel partners.

Here, you’ll find a plethora of those benefits along with examples of strategies and tactics that you can use to maximize those benefits and unlock the full potential of your program.

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Topics: Incentives in 2018

3 Productive Ways to Burn Your Year End Budget

Posted by Devin Ferreira

Tue, Dec 05, 2017 @ 10:01 AM

We’ve all been there: the year is drawing to a close, you still have some leftover cash reserves in your departmental piggy bank. You’re starting to worry that if you don’t end up spending it all, your department’s unused budget will get slashed the following year.

After all, your organization might reason, if you didn’t use the money this year, why on earth would you need the same sum next year?

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Topics: End of the Year