POSTS TAGGED : incentives

Customer Incentives That Quickly Build Revenue

Quickly building revenue is integral to many businesses, but often it can be a minefield navigating the different options available to you. Should I be focusing on my existing customers or reaching out to new customers, potentially in new markets, to build this additional revenue?

Talking with a customer via life streaming

Well the research suggests that focusing on existing customers can often be the quickest way to add revenue because you save on all those extra marketing costs and are less likely to alienate existing customers as you will be able to expend more time on them.

Here we will take a look at how you can focus on your existing customers to provide them incentives which will lead to increased revenue.…

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Choosing Between Individual and Team-Based Incentives

Incentives are a great way to keep your workforce motivated, but knowing what kind of incentive program to implement can make a big difference in terms of results. For many companies, everything boils down to individual versus team-based incentives. What are each option’s strengths and weaknesses and which one is a better fit for your company? A better understanding of both types of incentive programs should help you choose the right option.

Incentivized and motivated business team

Before you start, you also have to remember that implementing any kind of incentive program requires the right tools to make sure it is properly implemented. Managing pool bonuses, overseeing cash rewards based on performance, and keeping track of payouts and promotions manually can be a huge challenge, especially as your workforce grows.…

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