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Effective Rewards And Incentives For Your Team

You've probably gotten a pretty solid feel for the personality types that formulate your team. You've probably also uncovered what your team's strengths and weaknesses are. Based on where your team is at, you can start designing rewards and incentives to produce exactly what you're striving for. When doing so, there are some general rules that are helpful to keep in mind.

First of all, always remember that what is considered a great reward can vary according to the individual and the particular circumstances. Many successful managers suggest mixing individual incentives with team rewards. This way, you are meeting individual needs while still fostering cooperation and maintaining attention on company goals. Incentives that are based on group performance also help salespeople become better team players and feel a sense of ownership in company goals. This way, they can feel some internal motivation and personal satisfaction in seeing the job done well instead of always depending on some external, temporary factor to motivate them.

Fair warning, however, that incentives often lead to a warning of the diminishing returns trap. What I mean by this is that a certain reward will lose its impact over time if it is used too much. That is, instead of feeling rewarded, people will come to expect the incentive as an automatic return for their efforts. The other side of this issue is that when the reward is taken away, the good behavior will also disappear. Motivation based on rewards is an external influence instead an internal one. It is worth pointing out here that the big, tangible rewards can definitely give your salespeople something to keep their eyes on the whole year long, but don't neglect the smaller incentives. Saying thank you, noticing a rep's extra effort, helping a rep through a slump and just day-to-day acknowledgements can count big and will contribute to your teambuilding efforts just as much as huge year-end bonuses will.

With any great incentive program, you have to devote time to promoting it. Obviously, a big, year-long incentive program is going to flop if you only mention it one time. If you want an incentive program to produce maximum return, you've got to promote it by giving your team members weekly updates, newsletter blurbs, short-term incentives, etc. Find ways to keep the momentum going to make sure the program pays off. Anything creative, fun or different that you can do will make your program more effective. It's also very helpful if there is prominent visual reminder whereby the team can see the countdown to the program's end.

Below is an extensive list of reward ideas you can incorporate into your motivational efforts. Some can be applied short term, others long term. Some are team rewards; others can be adapted to individuals. Some will work great for your team; others will not. See what fits your team's situation best. Often, it is just a matter of finding something fun that will break the tedium of the sales cycle. In terms of physical merchandise, remember that the value in the salesperson's eyes will be much more than the actual price tag. Cash disappears, but your customer will always remember that her/his laptop, TV or whatever it is came from your company.

Just a few more basic guidelines: 1) Be sure your salespeople understand what's expected of them, whether any reward is given or not. It is not wise to reward a salesperson for bare-minimum work. Once base requirements are consistently being met, then you have a starting point from which you can set higher goals. 2) Make the incentive program's timeline is clear so everyone knows exactly when it starts and ends and exactly what's required in the interim. 3) Establish the reward up front so people have a clear vision in their minds of what they are working toward. Remember that while cash is exciting, often other incentives can be more powerful. The actual dollar amount of an item and the value placed on that item by the recipient are two different things. If money were enough, why wouldn't a salesperson working on commission already be excited and motivated enough every day? 4) Whenever possible, use rewards that can be shared with friends or family. For example, such a reward could be a free dinner for two at a nice restaurant. If the rep can share the results of her/his efforts with others, the incentive will be more exciting and will drive them to do better.

101 Ways to Motivate, Energize and Inspire Your Team

Group Building 1. Movie day—bring popcorn 2. Water-skiing/Lake trip 3. Join the city softball team 4. Go watch a professional team sport 5. Miniature golf 6. Volunteer opportunities 7. Cold-calling contest 8. Work-at-home week 9. Have the CEO address the sales staff 10. Racecar contest 11. Bring in a comedian for sales training 12. Fun, harmless practical jokes 13. Joke of the day to start a meeting 14. Bring in take-out for reps staying late 15. Laser tag 16. Ropes course 17. Bowling 18. Free lunch for the first sale of the day 19. VM broadcast about someone's personal success 20. Company Olympics

Company Socials 21. Luau 22. Fiesta 23. Ice cream social 24. Barbeque 25. Pizza party 26. Customer appreciation day 27. Four-day weekend 28. Bring in donuts 29. Company newsletter about

the success of the week 30. Dress up like Santa and hand out gifts 31. Thanksgiving or other holiday party

Esteem Building/Awards 32. Best phone demeanor 33. Best dresser 34. Most creative close 35. Best sales week 36. Most improved 37. Best team player 38. Most cold calls 39. Most new clients 40. Best customer service 41. Top attitude 42. Special note or email 43. Telegram 44. FedEx special note 45. Thank-you card 46. Personal pat on back 47. Lead part of a training meeting 48. Personal goal-setting meeting 49. Suggestion box 50. Personal call from CEO

Simple compliments like… 51. You're incredible. 52. You're a good… 53. I believe in you 54. Great job! 55. You made my day. 56. Hug. 57. Thank you for … 58. I'm proud of you. 59. Perfect. 60. You're awesome! 61. Well Done. 62. Great! 63. Excellent! 64. I knew you could do it. 65. I trust you. 66. Spectacular! 67. Outstanding! 68. I'm your biggest fan.

Friendly gestures like… 69. Smile 70. Warm handshake 71. Pat on the back

Individual Building 72. Daily contact with praise 73. Let them off to take their children to school on the first day 74. Free calls on company cell phones 75. Motivational plaque 76. Health club membership 77. Lotto wheel 78. Drive CEO's car for the week 79. Shirt/Hat with logo 80. Special parking spot 81. Photo with CEO 82. Remodel office 83. Disneyland trip 84. Porsche for weekend

Personal Development 85. Books As a Man Thinketh The 7 Habits of Highly Effective People Swim With the Sharks How to Win Friends and Influence People Maximum Influence The Power of Your Subconscious Mind Think and Grow Rich Psycho-Cybernetics The Magic of Thinking Big Learned Optimism

86. Videos Remember the Titans Miracle Rocky Chariots of Fire Apollo 13 Field of Dreams Mr. Holland's Opus Seabiscuit The Right Stuff The Rookie

87. Audios The Secrets to Manifesting Your Destiny Lead the Field Unleash the Power Within The Psychology of Selling Magnetic Persuasion Present with Power The Strangest Secret Exponential Success The Science of Personal Achievement The Psychology of Winning

88. Travel Incentives Hawaii Upgrade to first class Local hotel with dinner Limo to airport Las Vegas Bermuda Cancun Caribbean cruise Free miles to fly Tahiti Hotel suite upgrade Australia

Monetary Rewards 89. Large-screen TV 90. Computer 91. DVD player 92. $100 bill 93. Lottery tickets 94. Restaurant gift certificates 95. Cashews 96. Take the rep's family to dinner 97. Department store gift certificate 98. Movie rental gift certificate 99. Costco certificate 100. Bookstore gift certificate 101. New suit

At the conclusion of an incentive program, it is important to assess how successful it was. Did you get the results you wanted? One of the best ways to judge the program's effectiveness, besides considering your own observations, is to get feedback from the reps and administrators involved. You want to be sure that your directions were communicated clearly and at the right intervals, that the rewards were appealing and sparked interest and drive, that your team members felt supported and prepared to take on the challenges being presented, that the program boosted morale, team effort, energy and creativity, etc.

What were the weaknesses, if any? Did the program meet or fall short of participants' expectations? And of course, you must consider the bottom line impact on sales. Another important thing that cannot be overlooked is whether there may have been any outside influence that you did not have any control over. For example, has the industry experienced an increase in pricing? Was the product or service new, or has there been longstanding consumer awareness and recognition of it? Have there been any fluctuations in the company's marketing campaigns? All of these questions can basically be broken down into different areas, such as goals, budget or administration. In each area, identify what worked and what didn't so you have concrete information to help you develop your next incentive program.


Kurt Mortensen teaches over a hundred techniques to give you the ability to effectively work with every customer that walks in your door. Professional success, personal happiness, leadership potential, and income depend on the ability to persuade, influence, and motivate others. Kurt Mortensen's trademark is Magnetic Persuasion; rather than convincing others, he teaches that you should attract them, just like a magnet attracts metal filings. He teaches that sales have changed and the consumer has become exponentially more skeptical and cynical within the last five years. Most persuaders are using only 2 or 3 persuasion techniques when there are actually 120 available! Where do you rank nationally against other persuaders? Take your persuasion iq test at http://www.prewealth.com/iq to find out today!


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