Grand Incentives is a privately held corporation that works to provide cost-effective solutions to businesses looking to attract new employees, and retain existing employees. In the following article, Grand Incentives reviews how businesses can incentivize and motivate their teams with luxury experiences.
Everyone who has spent any time working in sales knows one thing — it’s an ultra-demanding role. But many businesses are on the right path to incentivizing these individuals to give the role their all.
Grand Incentives reviews that companies utilizing luxury experiences and other high-value rewards to motivate their teams are reaping the boosted productivity and performance rewards. Unique incentives give salespeople the needed motivation to conquer the sales world and improve profits.
Reports state that sales incentives are important for higher engagement levels, enhanced job satisfaction, boosted team-wide productivity, and increased morale. But such incentives need to be attractive to appropriately motivate salespeople. And luxury experiences are perfect.
Grand Incentives: Bringing High-Value Rewards to Reinvigorate Business Development Teams
Historically, monetary compensation has been the primary source of enthusiasm. However, Grand Incentives reviews that modern salespeople need more to stay at the top of their game — and the higher the value of the reward, the more motivated they become.
Businesses should take the time to get to know their sales team to discover the enticements they would appreciate most. That said, leaders state there are universally regarded high-ticket rewards that work perfectly to boost productivity and increase lead conversions.
VIP Tickets to Shows and Sporting Events
Die-hard sports fans go crazy for the chance to earn a free VIP experience at the next match. Grand Incentives reviews that this works even better if multiple people on the sales team are rooting for the same experience.
Similarly, show tickets are effective for those who don’t have strong sports allegiances.
From one-off tickets for championships to season tickets to concert experiences to backstage passes, people won’t often buy such things for themselves. Thus, they make effective incentives for sales agents.
Nothing screams luxury like fine dining. And like VIP concerts/sports experiences, people often don’t justify spending the cash on fancy dinners.
Grand Incentives reviews that restaurant gift cards or team lunches at otherwise too-expensive restaurants can be the ticket to motivating sales teams to up their game.
Fine-dining experiences cater to perhaps the most primal human desire — delicious sustenance. According to well-established leaders, companies should find out whether they have any “foodies” on their sales team and use the information to their advantage.
Ideally, Grand Incentives reviews that rewards should feel like a mash-up of birthdays and Christmas. From fitness watches to Kindles to headphones to VR, salespeople might be eyeing the latest gadgets more than they want to sit in the bleachers.
Luckily for leaders, the list of techie sales incentives is limitless. Taking the time to discover the items on employees’ wishlists can work wonders when crafting schemes that motivate them to sell.
Some ideas include (although certainly aren’t limited to) the following:
- Cash vouchers for redeeming gadgets
- A new laptop
- Virtual reality headsets
- Noise-canceling headphones
- Fitness watches
- Electronic readers (Kindle, iPad, etc.)
While some may not consider gadgets a “luxury experience,” others would beg to differ. They may be just what some salespeople need to graft harder.
With the world making a massive push toward a healthy work-life balance and self-care, spa treatments are perfect motivations for salespeople who often work so hard they forget to take care of themselves.
Granted, spending the day in a spa isn’t everybody’s idea of a good time. But for those who love nothing more than a hot stone massage followed by a sauna and an ice bath, it’s the perfect motivator.
Grand Incentives reviews that like gadgets, the list of spa treatments is extensive — salon appointments, pedicures, manicures, facials, acupuncture, massages, and more. But some companies like to go a step further and issue an entire spa day for their top salesperson.
Companies with Sales Incentive Plans Gain the Most Success
Once rewards are set, Grand Incentives says that programs need to be integrated meaningfully. While it may seem simple enough, experts have compiled a few tips to help smooth the process:
- Discover the team’s motivators to ensure the incentives make sense for the members.
- Set achievable team goals.
- Determine measurements to reward teams promptly when they meet their targets.
- Combine monetary and luxury experience incentives for the best results. After all, variety is the spice of life.
Businesses that already use luxury experiences to incentive their salespeople are reaping endless rewards. Implementing a similar program could be the difference between stagnating and expanding.