Incentive Program, Loyalty Program, Loyaltyworks
Incentive Program, Loyalty Program, Loyaltyworks

Point of View

Demystifying Incentive and Loyalty Program Pricing

A unique, open overview of approaches to pricing for Sales, Employee, Channel and Customer-facing programs

We believe in an up-front, flexible and open approach to incentive and loyalty program pricing.

As a client of any solution provider, you should have a choice of pricing options. We encourage you to review the different economic models available, toward making a more informed determination of what's best for you.

To help you understand your options, we offer below an overview of standard pricing models for points-based (non-cash) programs, as well as some critically important economic considerations.

Incentive Program, Loyalty Program, Loyaltyworks
  First – Understand the True Value of a Point

 

Second – Establish Which Pricing Model is Appropriate forYour Situation
       a. Bill on Redemption
   b. Bill on Issuance
   c. Professional Services Model
   d. Hybrid Model
  Third – Determine What is Incremental vs. What is Built-in
  Note on Pricing of Incremental Services

Incentive Program, Loyalty Program, Loyaltyworks
Employee Recognition and Loyalty
Employee Performance Improvement - Safety, Wellness,
    Cost Savings, Attendance, Customer Satisfaction, etc
Call Center Reps - Performance Improvement &
    Recognition
Sales Force/Sales Rep Performance Incentives
Channel or Customer Loyalty
Customer and Channel Incentives
   - Motivating toward specific activities
   - Driving product sales - new and incremental
   - Encouraging purchase of better/best products
   - Achieving revenue and margin objectives
Among Others...

To read the complete 9-page overview, simply click on the link below.

Demystifying Incentive and Loyalty Program Pricing PDF File (582 KB)

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Incentive Program, Loyalty Program, Loyaltyworks