Engagement And Incentives: How Prepaid Can Help Your Direct Sales Organization
How can you attract, retain, and drive sales representatives? A key element to success in the Direct Selling industry is gaining motivated product representatives. So what can your organization do?
As we previously covered, Choosing The Right Employee Incentive Is Important, because Employee Incentives Lead To Better Sales. Incentives help create a culture, and your company’s culture is what separates you from the competition. It can make the difference between hiring and retention. The numbers don’t lie: high employee engagement can increase revenues by up to 2.5x as much as companies with lower engagement; a mere 5% increase in employee retention can generate a 25 to 85 percent increase in profitability; companies using incentive programs report a 79% success rate in achieving their established goals when the correct reward was offered.
If you’re a member of a direct sales organization, then you know first-hand how important it is to have an effective rewards and payment solution. Even if you have amazing products, the performance of your sales representatives can suffer as a result of a lacklustre incentive plan.
So What IS The Most Effective Way To Incentivize And Reward Direct Sales Members?
DCR Strategies’ customized Visa® and Mastercard® prepaid card program is the only payment program in the world to globally combine payments, incentives, and real-time loyalty into a single-card solution. We’ve already shown you Why Prepaid Is The Perfect Payment Solution For Direct Sales Companies, but our programs also incorporate the most innovative loyalty solutions specifically developed for the Direct Sales industry.
Rewards & Incentives:
Our products can be customized to offer reloadable or one-time-use incentives for instant-issue rebates, referral rewards, bonuses for participation/reviews on social media, or any kind of promotion you wish to implement. Programs can be offered in either cash or points. Our feature-rich card has the only real-time “Points-to-Cash” conversion system in the world and can be incorporated into an innovative loyalty solution, making your promotions and incentives more attractive and easier to use.
Employee & Member Engagement:
Offer new potential members a sign-up incentive using a custom-branded prepaid card that has been loaded with introductory points. Offering additional points for reaching particular milestones will help improve your retention rate and ensure new reps stay engaged. The program can also be extended to all reps or staff members to provide ongoing motivation.
Remember, when it comes to brand advocates, the biggest and best champions of your business are right in front of you: your sales representatives. Our products allow Direct Selling businesses to meet their unique individual requirements through innovative, proven solutions in order to deliver engagement and rewards, all on a single card.
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