Channel Incentive Program Application Examples
Channel incentive programs are tactical tools for achieving measurable business results that deliver on strategic business initiatives. These case studies illustrate
how Loyaltyworks' clients are using incentive programs to drive volume, capture market
share, promote cross-selling, insure profitable transactions, develop end-user
relationships, conduct sophisticated customer relationship management activities
and build their businesses.
Driving Volume
Most incentive programs drive volume and direct the
purchase of specific products. A manufacturer of home building products has effectively
used a points program to move the “Good-Better-Best” paradigm to “Better-Best-Premium”
for 2,000 contractors driving year-over-year volume gains since 2001.
Shaping Product Mix
One manufacturer drives volume for 35 distinct
products by awarding points for sales and repeat business among 2,000
resellers. Resellers earn different point awards based on product profitability.
In the same vein, we designed a program for a buiding contruction products manufacturer
reaching 700 contractors that awards points only after certain volume levels are
met. The program, which is annually adjusted and retargeted, features point
values pegged to purchases of two or more product categories with higher point
values assigned to the most profitable product bundles.
Building Market Share
A brand name national insurer enrolled 1,300
“platinum” certified local agencies into an incentive program. Participating agents
who preferentially recommend their brand to clients that meet the insurer’s
specific profile criteria receive points towards travel and merchandise. The
program has driven seven consecutive years of increased market share.
Insuring Profitable Volume
A global manufacturer of electrical controls
and automation equipment motivates technicians to identify, select and zero
in on highly profitable jobs by creating a three-tiered filtering system before
awarding points. The program, with1,400 participants, has significantly increased
penetration in key sectors and driven major improvements in profitability over the
past 4 years.
Educating Partner Salespeople
A leading chemical manufacturer
enrolled 1,700 partner sales reps to drive volume and increase product
awareness and knowledge. Sales reps receive points for reading product
literature, taking online product quizzes, completing product and customer
surveys and selling specific products.
Dominating a Sector & Integrating with CRM
A global chemical
manufacturer incorporated incentive programming into an overarching CRM
program to collect and analyze data sufficient to dominate a desirable market
segment. Using customer data and purchase histories, they customize and
personalize incentive offers to 9,000 technicians who make decisions about
product purchases and purchase frequency.
Identifying End-Users
Anxious about the willingness of distributors to share
data and engage in co-promotions, this North American apparel manufacturer
uses an incentive program to motivate 1,100 end users to identify themselves,
connect with the brand and drive repeat purchases. As distributor invoices
are sent in to claim points, the manufacturer frequently enjoys an intelligence
windfall, leading to a better understanding of distributor behavior, competitors’
share of market, product movement and pricing.