Do you need sales incentives to inspire or reward your employees?
Do you need sales incentives to inspire or reward your employees?
A gift card from GoGift can do exactly that!
A gift card from GoGift can do exactly that!
GIFT CARDS FOR SALES INCENTIVES
Are you tired of giving the same old-school, impersonal cash rewards to your well-performing employees?
Start giving a more personal gift, such as a gift card from GoGift, that can not only reward but also motivate your employees. Read more about how gift cards can be the perfect addition to your sales incentives programs below.
GIFT CARDS FOR SALES INCENTIVES
Are you tired of giving the same old-school, impersonal cash rewards to your well-performing employees?
Start giving a more personal gift, such as a gift card from GoGift, that can not only reward but also motivate your employees. Read more about how gift cards can be the perfect addition to your sales incentives programs below.
What is a sales incentive?
An incentive is, in other words, a reward. It can motivate and encourage your employees to perform better, feel good about themselves, and it can, in general, lead to better well-being of your employees.
BENEFITS OF USING SALES INCENTIVES
Create motivation and better employee satisfaction
Sales incentives are often used to motivate employees in the sales team or to acquire better customer loyalty. The idea of a sales incentives program is to reward great performances individually or team-wise. When people are rewarded for an excellent effort, they feel motivated to keep on working to achieve their goals. Also, sales incentives make the employees feel appreciated.
What is a sales incentive?
An incentive is, in other words, a reward. It can motivate and encourage your employees to perform better, feel good about themselves, and it can, in general, lead to better well-being of your employees.
BENEFITS OF USING SALES INCENTIVES
Create motivation and better employee satisfaction
Sales incentives are often used to motivate employees in the sales team or to acquire better customer loyalty. The idea of a sales incentives program is to reward great performances individually or team-wise. When people are rewarded for an excellent effort, they feel motivated to keep on working to achieve their goals. Also, sales incentives make the employees feel appreciated.
GIFT CARDS AS SALES INCENTIVES
A sales incentive for all
A sales incentive is not just cold cash rewards; it can also be an object, an item of value, an event, or a desired action. Whatever your colleagues are inspired by, you can find it at GoGift: We have experienced that a gift card is a perfect choice for sales incentives due to the large selection of different things that our gift card gives access to.
With our Global Gift Card, your employee or customer has a free choice to choose if the gift card should go to a dinner with family or friends, new clothing, a new exciting experience, or something completely different. The selection is big, and we guarantee that there is something for all of your workers.
GIFT CARDS AS SALES INCENTIVES
A sales incentive for all
A sales incentive is not just cold cash rewards; it can also be an object, an item of value, an event, or a desired action. Whatever your colleagues are inspired by, you can find it at GoGift: We have experienced that a gift card is a perfect choice for sales incentives due to the large selection of different things that our gift card gives access to.
With our Global Gift Card, your employee or customer has a free choice to choose if the gift card should go to a dinner with family or friends, new clothing, a new exciting experience, or something completely different. The selection is big, and we guarantee that there is something for all of your workers.
Why use Gift Cards for sales incentive?
There are a lot of good reasons for using gift cards as sales incentives. And because of the flexibility of The Global Gift Card from GoGift, you can use it for all kinds of sales incentives. Give it to your sales team members for good performances or send your regards to a new business partner.
No matter what reason you have to use a sales incentive or make a sales incentives program, it is a win-win situation: Your employees win because they are rewarded for their hard work, and your company wins because it is more likely to achieve the company goals.
You can read more about how you can use a gift card for sales incentives below.
Employee Awards
Have your sales team performed above average? A great way to reward and motivate your employees, even more is by giving them a gift card to spend on whatever they want, however, and whenever they like.
Consumer Promotion
A great way to create better customer loyalty is by giving gift cards that your clients can use how they want. You can also raise customer satisfaction with a gift card from GoGift. If you have international business partners, remember our Global Gift Card is cross-borders and cross-currencies - read more about this further down the page.
Festive Gifting
Congratulate your employees on a good, profitable year on New Year’s Eve, or celebrate the festive days with a gift card from GoGift. It is the perfect way to send your coworkers home with motivation and happiness running through their veins.
Retention Programs
A gift card now and then can help you maintain your most valuable assets: Your employees. Employee satisfaction costs time and money, and an easy way to raise the satisfaction of your employees is to give a gift card for them to spend how they want.
Sales incentives increase the overall perfromance!
Studies show that sales incentive programs aimed at individual workers increase performance by 22 per cent, and programs aimed at teams increase performance by a staggering 44 per cent. No matter how you choose to reward your employees, you are most likely to gain from it. Start by giving gift cards from GoGift that can be used by everyone on a lot of different things.
YOUR ONE-STOP SOLUTION
The Global Gift Card from GoGift!
Are you looking to boost sales, motivate employees or gain a higher customer value? Then the Global Gift Card is the solution for you. Our Global Gift Card is the absolute, most popular gift card for businesses as it can be used for motivation and rewards. And what better way to reward your employees than a gift they will appreciate and love?
With the Global Gift Card, you can freely choose the card’s value, and the receiver has a free choice of where the card should be used and on what.
A gift that can travel across borders!
With The Global Gift Card, you can send thoughts, presents and motivation across borders and get the card’s value transferred to another currency. That means; if you have bought a card in one country, it can be transferred to another country and another valuta. You can buy as many gift cards as you want, customise and personalise them, and we are responsible for the delivery to all the countries where you have employees. It has never been easier to create a sales incentives program for your entire international business.
BENEFITS OF USING SALES INCENTIVES
A gift card that gives access to different things
When your employees receive the Global Gift Card, they are free to choose between all the different stores, webshops and experiences that can be found at GoGift. That way, you are sure to give a gift that your employees can find a use for.
The gift card has a long expiration date, so the receiver can take their time selecting from the wide variety of shops and experiences that can be found at GoGift.
Why use Gift Cards for sales incentive?
There are a lot of good reasons for using gift cards as sales incentives. And because of the flexibility of The Global Gift Card from GoGift, you can use it for all kinds of sales incentives. Give it to your sales team members for good performances or send your regards to a new business partner.
No matter what reason you have to use a sales incentive or make a sales incentives program, it is a win-win situation: Your employees win because they are rewarded for their hard work, and your company wins because it is more likely to achieve the company goals.
You can read more about how you can use a gift card for sales incentives below.
Employee Awards
Have your sales team performed above average? A great way to reward and motivate your employees, even more is by giving them a gift card to spend on whatever they want, however, and whenever they like.
Consumer Promotion
A great way to create better customer loyalty is by giving gift cards that your clients can use how they want. You can also raise customer satisfaction with a gift card from GoGift. If you have international business partners, remember our Global Gift Card is cross-borders and cross-currencies - read more about this further down the page.
Festive Gifting
Congratulate your employees on a good, profitable year on New Year’s Eve, or celebrate the festive days with a gift card from GoGift. It is the perfect way to send your coworkers home with motivation and happiness running through their veins.
Retention Programs
A gift card now and then can help you maintain your most valuable assets: Your employees. Employee satisfaction costs time and money, and an easy way to raise the satisfaction of your employees is to give a gift card for them to spend how they want.
Sales incentives increase the overall perfromance!
Studies show that sales incentive programs aimed at individual workers increase performance by 22 per cent, and programs aimed at teams increase performance by a staggering 44 per cent. No matter how you choose to reward your employees, you are most likely to gain from it. Start by giving gift cards from GoGift that can be used by everyone on a lot of different things.
YOUR ONE-STOP SOLUTION
The Global Gift Card from GoGift!
Are you looking to boost sales, motivate employees or gain a higher customer value? Then the Global Gift Card is the solution for you. Our Global Gift Card is the absolute, most popular gift card for businesses as it can be used for motivation and rewards. And what better way to reward your employees than a gift they will appreciate and love?
With the Global Gift Card, you can freely choose the card’s value, and the receiver has a free choice of where the card should be used and on what.
A gift that can travel across borders!
With The Global Gift Card, you can send thoughts, presents and motivation across borders and get the card’s value transferred to another currency. That means; if you have bought a card in one country, it can be transferred to another country and another valuta. You can buy as many gift cards as you want, customise and personalise them, and we are responsible for the delivery to all the countries where you have employees. It has never been easier to create a sales incentives program for your entire international business.
BENEFITS OF USING SALES INCENTIVES
A gift card that gives access to different things
When your employees receive the Global Gift Card, they are free to choose between all the different stores, webshops and experiences that can be found at GoGift. That way, you are sure to give a gift that your employees can find a use for.
The gift card has a long expiration date, so the receiver can take their time selecting from the wide variety of shops and experiences that can be found at GoGift.
GENERAL FACTS ON
China
1.4B
Population
Beijing
Capital
Standard Chinese
Official language
Renminbi (CNY)
Currency
National holidays
China gift card market size
In value terms, the gift card market in China has recorded a CAGR of 9.9% during 2018-2022. The gift card industry in Country will continue to grow over the forecast period and is expected to record a CAGR of 7.3% during 2023-2027. The gift card market in the country will increase from US$ 151.283 billion in 2022 to reach US$ 217.591 billion by 2027.
Multiple factors have been influencing the growth of the Chinese gift card market. Most providers offer payments through Alipay and WeChat pay, the convenience of which enables customers to buy gift cards within seconds from anywhere. Digital payments have long been the norm in China, so this is a trend that aligns with the general shopping landscape, which is also increasingly shifting towards the virtual space, furthering the niche for E-gift cards. For these cards, many providers do not obligate customers to provide their name upon purchase, an anonymity that is appreciated greatly, but that has experienced some limits in past years.
Following years of strict lockdowns, Chinese companies are looking to recover and expand their businesses. Increasingly, they are using gift cards to incentivize and reward employees as part of corporate gifting programmes. With an ever-growing middle class, more customers will be requiring high-quality gifts. Furthermore, the above-mentioned trends in e-commerce show no sign of slowing down, and the digital space will only increase in importance for gift cards.
China gifting traditions
In Chinese culture, gift-giving is a vital part of creating, maintaining, and improving relationships. However, this also means that there are many customs and rules around the way a gift is given as well as received.
The major gift-giving occasions, in addition to birthdays, are the Chinese New Year or Spring Festival, and the Mid-Autumn Festival. For the younger population, Christmas has also started to be an observed holiday that is celebrated with gifts.
In corporate settings, gift-giving is far more prevalent than in western economies. Especially as a marking of successful business deals or important meeting, gifts are appreciated and even expected. However, be aware that many Chinese people may first politely decline the gift, in order to not appear as greedy. Only if they continue to decline, do not offer again – various Chinese workplaces have strict anti-bribery rules.
Not only the type of gift given is important, but also the quantity they are given in. It should be avoided to give a gift card of ¥400, while one with the value ¥888 could guarantee double happiness.
When physically handing over a gift or card, do not expect it to be opened right away. This is a sign of respect and modesty and will ensure that the giver does not feel embarrassed in case the gift does not ignite as positive a reaction as hoped for.
An important Chinese concept to follow is 礼尚往来 – “Courtesy demands reciprocity”. Upon receiving a gift, make sure to return the same at a later point with an appropriate gift of equal value.
Gift card regulations in China
Gift card regulation in China is subject to various laws and regulations to protect consumers and ensure transparency in the gifting industry.
Validity Period: Most gift cards in China are only valid for 2 years, as opposed to the global average of 3 years.
Currency Restrictions: Strict economic policies greatly limit Chinese citizens spending in foreign currency, so most greatly prefer Chinese payment options.
Pre-paid Regulations: Following a crackdown on bribery of public officials, pre-paid gift cards are required to be clearly traceable to the buyer.
Staying Accountable: State companies buying gift cards valued above ¥5,000 and individuals buying cards valued above ¥50,000 are required to pay via bank transfer.
It's important to note that regulations may change, so always check the latest guidelines with China's government or appropriate regulatory bodies. Moreover, the specifics and prerequisites might differ based on the gift card type, its provider, and other considerations.
If you're considering buying or utilizing gift cards in China, ensure you read the issuer's terms and conditions and consult with legal experts if necessary.
Popular gift cards in China
In the bustling world of gift cards in China, it's a pleasure to introduce some of the brands that have made a mark in their respective industries.
JD: JD is a popular e-commerce platform in China. Customers appreciating the convenience of online shopping and access to quality goods will appreciate the wide range of electronics, fashion, and groceries offered.
Starbucks: Starbucks’ unique success story in China has established the chain as a strong presence in China’s urban centres. Gift cards for Starbucks offer Chinese customers a taste of international coffee culture and a cozy environment for socializing, making them a popular choice among the rising group of coffee enthusiasts and young adults.
Tencent: Tencent is a technology conglomerate with diverse services like WeChat, QQ, and online gaming. The tech-savvy Chinese population’s digital lifestyle is supported by opportunities to use gift cards for in-app purchases, gaming, and digital entertainment.
Walmart: Providing value and convenience to families and budget-conscious shoppers are qualities that Walmart is well known for, and which make it a popular gift card among urban dwellers all over the country.
Sinopec: Officially known as China Petroleum & Chemical Corporation, is one of the largest oil and petrochemical companies in the world.
TMall: China's popular online marketplace, offering a wide selection of products and a flexible shopping experience.
Fresh Hema: Alibaba's innovative retail store in China, offering a diverse range of fresh food and grocery items with a convenient shopping experience.
iTunes: Allows users to purchase music, apps, movies, and other media available on Apple's iTunes Store and App Store.
YongHui: YongHui Superstores are a major Chinese supermarket chain, offering a variety of groceries, fresh produce, and household items.
VIP.com: A Chinese online discount retailer, offering varied products including fashion, beauty, and lifestyle items at discounted prices.
Benefits of B2B gifting in China
As mentioned in terms of traditions in China, corporate gifting has been a vital part of doing business for many years. Just like personal relationships, professional ones also need to be constantly tended to. There are few bigger mistakes one can make than cause a Chinese business partner to feel under-appreciated or disrespected.
Furthermore, rewarding employees and recognizing their efforts can aid in bridging cultural differences. Multinational companies expanding into China have long tried their best to localize or at least “glocalize” – and what better way to do it than appreciating local customs and traditions?
Lastly, B2B gifting offers many promotional and marketing opportunities to increase brand awareness and likeability.
The Global Gift Card
Entering and understanding the Chinese [gifting] market can seem like a scary horse to tame. However, GoGift is here to help. With over 20 years of experience in the corporate gifting market and more than 15.000 satisfied corporate clients, we are experts at creating customized global solutions for any and all gifting needs you might have.
