Posts tagged Customer Loyalty
Incentive Travel – 10 Powerful Benefits
Rewarding customer loyalty and sales growth and performance with fantastic corporate rewards will benefit your business. After all, giving customers reason to not look elsewhere is part of any successful business. Below, we take a closer look at the powerful advantages of incentive travel.
1. Motivate and Inspire Customers & Sales Staff with a Memorable Reward
Providing desirable travel incentives is a great way to motivate and inspire your customer base. It will encourage business-centric buzz around your industry, with everyone wanting to be sure to not miss out, thus meeting their targets and win the reward.
2. Incentive Travel is a Cost-Effective Alternative
According to the Harvard Business Review, money is the most expensive way to reward. Travel incentives can be more cost-effective and offer greater value in terms of the benefits to staff, customers and the business.
3. Corporate Rewards Can Help Your Business Achieve its Goals
Through inspiring and motivating your customer base, corporate rewards can help you to achieve a number of company objectives, such as:
• Customer retention
• Increasing sales and profitability.
• Maintaining consistently high sales performance
4. Foster Customer Loyalty and Dedication
A great rewards system will ensure your customers feel appreciated. This feeling of appreciation fosters a positive environment, increasing consumer loyalty to the company. Similarly, appreciated customers are more dedicated. This leads to greater sales and increased profitability.
5. Forge Stronger Networking Dynamics
The thrilling adventures and shared experiences of a fantastic trip will hone and develop networking dynamics. It will also allow company and customer to build stronger relationships, and offers an informal forum for honest discussion about the company.
6. Personal Benefits for your Customers
Everyone benefits from some time away. Rewarding your customer with a travel experience will help to relieve stress, boost confidence and reignite creativity. A short break can do wonders for the soul – and your business by extension.
7. A Healthy Customer base is a Happy Business
Studies suggest that perceived benefits that no one else or a select few can get, keeps the loyal customer returning to the company. This comes back to the sense of appreciation and the personal benefits of corporate rewards.
8. Excellent PR for your Organization
Word-of-mouth is a very powerful tool. Customers who have received a memorable corporate reward are likely to rave about it to their friends and family. Also the opportunity to re-connect with past participants is an appealing part of reward packages. This will entice greater sales to your company and will improve your organization’s PR overall.
9. Travel Incentives are More Effective than Cash Rewards
Cold, hard cash is one of the most common, and according to statistics, least effective ways to reward people. The money is often treated as part of a discount and is spent on bills or household items. In contrast, an enticing travel experience is proven to inspire and motivate. In addition, the memory of a fantastic trip will last much longer than a cash bonus, fostering feelings of gratitude towards the company.
10. Flexible Experiences for Every Budget
Incentive travel can be tailored to suit budgets, making travel a practical reward option for small and large businesses alike.
Book your corporate travel experience with a company you can trust. Menno Travel, Group & Incentive Department has the knowledge and expertise to provide your company with unique travel options. Menno Travel’s Group & Incentive Department can manage your customer/sales loyalty travel incentive.
Please contact our Group & Incentive Department at email@example.com