When it comes to running a successful business, sales incentives are essential for keeping your sales team motivated and productive. With the right sales incentive plan, you can motivate your team to close more deals, increase customer satisfaction, and boost overall sales.
Think of it this way: if you don’t offer your sales team the right incentives, they won’t be motivated to reach their goals. But, if you create a competitive and attractive incentive plan, your sales team will be inspired to work harder and achieve higher results.
One of the most effective sales incentives is offering rewards or bonuses for reaching predetermined goals. This type of incentive plan can be extremely effective, as it gives your sales team a tangible reward for their efforts. This not only encourages them to work harder, but also makes them feel appreciated and valued for their efforts.
You can also create a positive sales culture by recognising employees who exhibit great sales techniques or have made a big impact on the company. By recognising their achievements, your sales team will feel appreciated and motivated to continue working hard.
Not only do sales incentives motivate your team to work harder, they also help improve customer satisfaction. Customers love to see that their business is being rewarded, which can help to build loyalty and strengthen relationships. In conclusion, sales incentives are essential for running a successful business. They can help to motivate your sales team, increase customer satisfaction, and boost overall sales. By creating the right incentive plan, you can ensure that your sales staff feels appreciated and is motivated to reach their goals.
The Sales Strategy and Trends report by HubSpot discovered that sales incentives are essential in keeping employees motivated, with recognition for achievements coming in second.
How to find the right Sales Incentive
Here are some great sales incentive ideas that you can use to keep your sales team motivated and productive:
1. Offer Points To Redeem For Prizes: An online portal, where points equals prizes, is a great way to encourage your team to reach their targets. You can set up a rewards system based on either individual or team performance. This is an excellent way to motivate your team and to reward them for their hard work. Users can accrue points and redeem them for a wide range of items, from luxury gifts through to holidays and even the latest gadgets!
2. Provide Gift Cards: You can purchase gift cards for your team members to use for purchasing items they desire. This incentive idea is an excellent way to show your appreciation for their efforts and a great way to show that you care.
3. Incentive Travel: Trips, either international or domestic, are a great way to motivate your sales team. You can offer trips as a reward for reaching certain goals. This incentive idea is a great way to show your team that you value their hard work and dedication.
4. Give Extra Time Off: You can offer extra days off to your sales team as a reward for reaching goals. This incentive is a great way to show your team that you appreciate the extra work they put in to meet their targets.
5. Create Performance-based Incentives: Performance-based incentives are a great way to motivate your sales team. You can set up incentives based on individual or team performance. This is a great way to motivate your team to reach their goals.
Still unsure which Sales Incentive is right for you?
We can help. With over 30 years experience delivering sales incentives from interactive online games, to travel trips for top performers, and even fully integrated points equals prizes online platforms, we’ve done it all.
Check out our other blog, Boost Employee Success With Online Incentive Games in the Workplace, for more inspiration on interactive online games. Or, head over to our dedicated Sales Incentive page for further information.
Get in touch with our friendly sales team today to find out how we can work for you, your business and your sales team.
