ONLINE SALE INCENTIVE PROGRAM
How to implement an online sale incentive program for your company
Marketing is the revenue earner for every organization and the sales staff plays a vital role in the entire sales cycle. They often form the crux of the marketing system and the key to a successful marketing fabric in a company is to see to it that the sales staff are motivated and pushed to peak performance. One way to do that is to implement a sale Incentive program. However, as we move into the 21st century, we need to keep up with the pace of the technology and leverage the power it has to offer. Discussed below are a few steps on how to trigger your online sale incentive program:
1. Ensure that the company’s systems and people are linked: There is really no point in implementing a sophisticated online incentive program in place without the entire company’s staff involved in the enterprise wide platform that can link each employee to a common platform – mostly intranet related. All the systems, across all departments and functions have to be linked together and common information sharing systems or Content Management systems must be put in place. The costs can vary depending on the level of sophistication and the size of the company – but anything to do with technology is worth every penny. 2. The Online sale incentive program doesn’t have to be limited to sales staff: Most companies have unleashed the power of word-of-mouth in the form of Referrals and affiliate marketing. By empowering every employee with the ability to promote and sell the merchandize the company produces or the services it provides, we can leverage on a huge manpower base – a loyal one at that. The online sale incentive program must be built such that it must reflect and reward every employee (sales staff or not) who successfully manages to source new clients or customers. 3. Have scalable, flexible and easy to use online incentive programs set-up: No matter what the back-end software for the over all implementation is, the overall ease of use should be of paramount consideration because of the simple fact that most employees will not be tech savvy and if the system is difficult to use, the online incentive program is to no avail. Simple point and click type of usage is best for the front-end use and must be designed that way. 4. Over time, your Online sale incentive program must have metrics to prove your ROI : After implementing the online sale incentive program, you should have enough data to dig deep into and measure your return on investments ( ROI) – luckily, programs like these are easily measurable and correctable. You could use this stage for testing and rectification so as to make your online incentive program seamless and well-integrated with other such programs (if any!)
Apart from the fact that it is a great return on your investments, an effective and practical, online incentive program brings down the costs involved in initiating a program; makes it possible for the staff to replicate the programs again and easily make it available for all staff of the company at no extra cost.
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