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Potential Pitfalls of the Daily-Deal

Daily deal sites are increasingly popular with consumers across the country, however they are posing increasing problems with the retailers who offer these "too good to be true" deals.  Be careful how your company interacts with daily deal sites so they attract more customers, and don't cost your business too much potential revenue.  For example, if you give gift cards away at a discount is that too much free money? Here are some tips to success in the daily deal arena:

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Loyalty Points...in the office?

A fairly innovative way to use loyalty points, similar to systems credit card companies use, is now being placed in business to monitor and reward employees.  When employees perform well they receive points, instead of a bonus.  When an employee has enough points accrued they can redeem the points for experiences, travel, and gift cards.  This system is also beneficial for managers because they can monitor an employee's progress and performance over time.  If an employee does not accrue points at an acceptable rate it is obvious that the employee performance is not up to par.  This is a cool application of loyalty point systems and redemption.  A system like this is adds more fun, excitement & interactivity to workplace rewards as people will engage with the system as they accrue points. We heard about this system being used in the UK but do you know of any US companies doing this? If so, leave us a comment.  We really like this idea as a fresh way to engage employees because, for example,it might be nice to have a free gift card over a long holiday weekend! For more information on these
loyalty rewards click here.

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Top Reasons why to use gift cards for incentives

Incentives as a way to boost employee morale, motivation and performance is nothing new, but let’s look at 5 perspectives for why to consider gift cards as incentives. Gift cards are as close as you’ll find for a one-size-fits-all incentive. They truly satisfy all demographics, interests, needs and lifestyles and offer much flexibility for the buyer. 1. Employees want gift cards. According to a recent study by Incentives Magazine, 8 out of 10 employees report that they prefer gift cards over other incentives. 2. Gift cards provide choice. Choice not just in what your recipient selects, but you often have choices in how you give them: eCert, mCert (mobile delivery) or plastic 3. Gift cards can be shared with family and friends. A night out with loved ones of friends has been cut back as discretionary spending, revive the night out with gift cards. 4. Gift cards can fit many corporate needs. Bulk gift card purchases provide cost savings and fit a variety of business scenarios can provide additional cost savings. Use for employee incentives & retention and use as rewards in corporate health & wellness programs, consumer promotions, customer promotions & loyalty, and/or as dealer and reseller awards. Source for list: Ceridian Connection.

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Local Gift Cards – Explore “______” (Insert Your Town)

Gift Cards for a Local Cause - Sewickley, PA

Downturned since 2007, our economy has left many towns around the country in need of public building refurbishing, amenity face-lifts, main street store tenants, employers…it’s not hard to look around and see how our home-towns have been effected. For many regions and towns, recovery is on its way, while others are in need of fresh ideas and advocates to arouse the local economy.

Historic Sewickley, PA has some pretty passionate advocates looking to breathe life back into their region. They’ve created an “Explore Sewickley” campaign complete with a website, Facebook presence and “Explore Sewickley Gift Cards” to promote shopping at the local shops, boutiques and restaurants. Businesses and corporations can also infuse the local economy, helping local businesses thrive, when they provide local-centric gift cards like these as motivation, incentives and rewards.

What a fresh use of gift cards!

Community Revitalization with Local Gift Cards

In an era where communities are striving to boost their local economies and foster vibrant town centers, the innovative use of gift cards has emerged as a powerful strategy. Local towns and cities across the globe are harnessing the potential of gift cards to attract tourism and drive business to local shops. By offering town gift cards or city-wide gift cards, municipalities are creating opportunities to engage both residents and visitors in exploring all that their communities have to offer, thereby revitalizing local businesses and enhancing community vitality.

These town and city gift cards function as versatile tools, allowing recipients to redeem them at a variety of participating businesses, from charming boutiques to cozy cafes and artisanal shops. This flexibility not only encourages individuals to support local enterprises but also promotes a sense of community pride and connection.

For tourists, these local gift cards serve as gateways to authentic experiences, offering a curated selection of establishments that capture the essence and character of the destination. Whether it's savoring regional delicacies, discovering unique artisan crafts, or immersing oneself in the local culture, town gift cards provide visitors with the opportunity to create lasting memories while supporting the local economy.

Moreover, the widespread adoption of digital gift cards and online platforms has further expanded the reach and accessibility of these initiatives, enabling individuals to purchase and redeem gift cards conveniently from anywhere in the world. This seamless integration of technology into traditional gift card programs not only enhances convenience for consumers but also amplifies the marketing and promotional efforts of participating businesses and local governments.

By leveraging the collective strength of town and city gift cards, communities can cultivate a thriving ecosystem where businesses flourish, residents take pride in their local identity, and visitors are welcomed with open arms. As these initiatives continue to gain momentum, they underscore the profound impact that simple yet innovative solutions can have in shaping the economic and social fabric of our towns and cities.

Through the strategic implementation of town gift cards and city-wide gift card programs, local municipalities have the opportunity to unlock the full potential of their communities, fostering a spirit of collaboration, creativity, and resilience that will endure for generations to come.

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Dos and Don'ts of Gift Card Incentive Programs

In every decision we make, whether professional or personal, there are always considerations to weigh. When it comes to implementing a gift card incentive program in your company, it's crucial to navigate through the pros and cons to ensure its effectiveness. Here are some valuable dos and don'ts to optimize your gift card incentive program:

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