Market Your Products, Gain Market Share and Boost Distributor & Contractor Loyalty
- Here are some compelling reasons why you should consider using incentives as such a tool:
- Knowledgeable and attentive employees account for 80% of the reasons consumers feel satisfied, according to a PNC Bank Corp. survey.
- Fewer than one in four American workers is working at full potential; half of all workers do no more than directly asked, and 75% of employees say they could be more effective in their jobs, according to the Public Agenda forum.
- 70% of unhappy customers abandon vendors because of poor service, according to the Forum Corp.
- A 5% increase in customer retention can increase lifetime profits from a customer by 75%, according to the Loyalty Effect by Frederick Reichheld.
- Reduce Advertising Costs
- Maintaining Price Integrity
- Attract New Visitors to Your Store or Web Site
- Open More Investment Accounts
- Business Gifts
- Promote Closeout Inventories
- Close More Sales
- Referral Incentives
- Consumer/User Promotions
- Sell More Products
- Create New Markets
- Set More Appointments
- Encourage Repeat Business
- Thank You Gifts
- Improve Direct Mail Response
- Upgrade Sales and Purchases
- Acknowledge Milestones and Achievements
- Increase Employee Loyalty
- Create a Successful Sales Team
- Motivating Sales Staff
- Ensure a Safe Workplace
- Reward Employees
- Exceed Sales Goals
- Reward Extraordinary Service and Top Performers
- Foster Teamwork
- Sales Incentives
- Improve Employee Retention
- Support Perfect Attendance
- By using manufacturers co-op funds we could halve our costs on these incentive packages, which cost between $100 and $295 each, and get a cost to perceived value ratio up to about 7 or 8 to 1.
- In essence we could offer a vacation that after co-op cost as low as maybe $75 to our customers who valued it as high as maybe $500.
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