Gift Card Marketing as an Advertising Strategy
Retailers' preparation for the holiday shopping season is now in full swing, and as retailers look for last minute ways to boost their year end revenue; gift marketing becomes a very effective option. Gift marketing uses gift cards as a device for loyalty and rewards. Giving bonus gift cards to shoppers for spending a certain amount turns a gift card from a one-transaction device into a revenue boosting loyalty device that keeps shoppers coming back. It shows appreciation and gives the essential value-added incentive that shoppers look for as they shell out their holiday gift spending.
What do Twitter, LinkedIn and Employee Recognition have in Common?
Timeliness!
Incentive Magazine recently published an article called
“Forget Employee of the Month and Focus on Employee of the Moment”, where they discussed the rise of importance of immediate rewards for brilliant performance. In the past year, our connected sociability brought a 250% increase in tweets per day, 100% growth of LinkedIn users, and Facebook’s increases logins to 250 million each day, indicating a rapidly growing culture of immediacy. How does this effect HR professionals? Razor Suleman’s Incentive article announces that it’s time to institute an “Employee of the Moment” strategy by launching a social networking campaign to:
Using Holiday Employee Recognition to Motivate for the New Year
All employers use the upcoming holiday season as an opportunity to recognize their employees. Whether it is a holiday party, bonuses, or rewards such as gift cards, holidays are the time to say "thank you" to your employees. But more and more companies are using the recovering economic climate as a tool to recognize employees and energize them for the year ahead. Instead of just saying "thank you" retroactively employers are now using holiday recognition to renew employee commitment and drive, and catapult the momentum into the year ahead. Boosting employee morale at the end of the year is a way to boost morale and confidence in the year ahead. "If business is moderate or down, there's an attitude that develops and you are not in a good place when you look toward the next 12 months." says Robert Preziosi, professor and chair of management at Nova Southern University. Confident employees who feel valued reduce fear and increase productivity. Does your company try to close with a boost in revenue? Do you make an effort to recognize employees to increase confidence and productivity? Let us know what your company is doing for its employees this holiday season.
For more about holiday rewards as motivation for the new year click here.
You may not have to break the bank to reward your employees this year
A new MarketWatch survey release this week indicates that employees don't need much to feel rewarded during this holiday season.
The Home Depot’s Gift Card Strategy Advice
It’s holiday corporate gift giving season and gift card promotion time, but some retailers aren’t losing track of their long term goals and strategies. Forbes.com presents The Home Depot’s advice to retailers and merchants on developing their gift card strategy, including their placement in B2B programs like corporate incentive programs, the importance of personalization, promoting eGift Cards, mobile and social channels, and more. GiftCard Partners is always proud to bring you examples of who is doing B2B gift cards right! Read on to discover
The Home Depot’s best in breed advice for gift card strategies. Source: Forbes.com MarketShare
