With Employee Appreciation Day being just about a month away, March 4, 2022, you may be wondering if (or why) you should celebrate? Most companies run some kind of employee-recognition programs, but often they fall flat, wasting resources. Many become just another box for managers to check or are seen as elite opportunities for a […]
Are you looking for a way to get those customers with dormant store card accounts back in your store? Maybe they made a one-time purchase and haven’t been back in the store. Maybe they used to be frequent customers, but you haven’t seen them lately. After you have established this core group of dormant accounts, […]
Rewards are psychologically powerful tools for influencing behavior. People offer rewards to encourage strangers to help search for their lost items or pets. Grade schoolers will study extra hard on their spelling tests to earn a bonus recess. And stubborn 8-year-olds would probably still be in diapers if it weren’t for the power of stickers […]
Client feedback is information provided by clients regarding their satisfaction with your company. It provides an outside perspective, where customers share their experience with your business and help you understand where there is room for improvement. Why Should You Ask for Client Feedback? We know that writing survey questions and collecting responses isn’t thrilling work, […]
Last month Elite Rewards hosted SIX fun-filled events at Topgolf for Ashley Homestore licensees from across the country. Attendees were treated to a night of games, food, and drinks – all sponsored by Elite Rewards. After forming partnerships with many of the licensees over the past year through “Ashley Cares,” it was the perfect way […]
Did you know that employee incentives can be taxable? In general, cash and prizes awarded to employees for good work or suggestions are taxable income since they are presented in return for an employee’s performance or services. Cash awards and the fair market value of non-cash awards are thus generally subject to federal income tax […]
Did you know that the industry average is between 1-3% conversion rate for test drive sign-ups? So the more people you get in the door to test drive, the more people you have buying cars!
Incentive programs are a way for businesses to give more in order to get more from their customers. Instead of rewarding clients with a gift card or discounts, like a loyalty program does, an incentive program usually presents them with a more valuable reward. The customer makes a purchase or spends a certain amount, they […]
Now that you know the difference between a loyalty program and an incentive program, it is time to get your loyalty program set up. Offering loyalty rewards to your customers can deliver plenty of rewards for your business. For instance, 39.4% of customers will spend more at the businesses they’re loyal to even if cheaper […]
Before you establish a loyalty program, the first thing you need to do is differentiate between a loyalty program and an incentive program. Once you do that it will be easier to establish your loyalty program
