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.
🎁 Corporate gifting? Make it easy with The Global Gift Card
Iceland gift card market size
Current size of the B2B gift card market: No exact data is known about the size of the local B2B gift card market. However, it is feasible to assume that as in other economic areas, the development of the Icelandic gift card market follows trends observed in other Nordic countries. Thus, the gift card market can be expected to continue a steady growth, especially in digital gifting solutions and integration into corporate gifting programmes.
Growth trends over the past few years: Iceland is among the leading countries in the world in digital services. As citizens living on an island 400 km away from the nearest country, the need to stay connected is evident. This high level of digitalisation in all areas of the public life has given way to a thriving e-commerce sector, in turn boosting digital gift card sales. Many major retailers serving Iceland are international, but local businesses also play a key role in the retail market.
Predictions for the future: It is likely that the Icelandic market will continue to follow its Nordic neighbours in accelerating digital transformation and incorporating gift cards into digital wallets, corporate gifting programmes, and special actions in retail. While not a member of the European Union, Iceland profits from the European Economic Area, attracting many companies from the continental region to expand their services to the island, a number that is poised to rise in the future.
Iceland gifting traditions
Cultural Composition: Iceland is a Nordic country with strong ties to the ancient Vikings, a heritage that most Icelanders are proud of and keep alive through customs and the Icelandic language.
Religion: While Iceland has a Lutheran state church, influencing many occasions celebrated across the year, religious diversity is growing. Many Icelanders also pay attention to Norse traditions and secular beliefs and uphold their rich folklore.
Special Occasions: There are a number of special days in Iceland, celebrating a range of occasions. Two of these are Bóndadagur (Husband’s Day) and Konudagur (Wife’s Day), which are days to celebrate one’s spouse with a gift and a meal.
Celebrating Together: As in many western countries, celebratory occasions that are marked with the tradition of gift giving include weddings, birthdays, baptisms, and Christmas.
Jólabókaflóðið: This Icelandic word, translating to “Christmas Book Flood” is a unique and cherished tradition in Iceland, celebrated throughout December. It revolves around giving and receiving new books, often accompanied by delicious treats. Afterwards, Christmas Eve is spent with one’s family, reading and sharing stories.
Gift Giving: Visitors are often invited into homes, especially if on business, and bringing a gift for the host is a norm. If wanting to give flowers, these should be sent in advance.
Corporate Culture: Icelanders like to mix business with pleasure, preferring to establish a friendly relationship with their business partners. Business dinners are the most common form of entertainment.
Gifts in Business: Apart from showing gratitude for invitations, gift-giving between business partners is relatively uncommon and usually restricted to Christmas or the new year, as Iceland upholds strict anti-corruption policies.
Gift card regulations in Iceland
Here are some general points about gift card regulations in Iceland as of September 2024:
Sellers are prohibited from imposing hidden fees
Sellers are obligated to provide clear information about their terms and conditions
Expiry dates for gift cards have to be clearly stated and communicated to the buyer
The provider is not obligated to honour gift cards beyond their expiry date
If gift cards are stolen or lost, the provider does not need to reimburse the customer
Consumers are protected by the Consumer Rights Act
It's important to note that regulations may change, so always check the latest guidelines with Iceland'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 Iceland, ensure you read the issuer's terms and conditions and consult with legal experts if necessary
Popular gift cards in Iceland
Boozt: Boozt is known for its wide selection of exclusive brands which makes it the perfect online shopping destination for all fashion lovers
HotelsGift: The world’s best hotel gift card offers over 750,000 hotels, villas & apartments to book with one gift card
AirlineGift: A unique gift card offering an online travel booking selection of 450 airlines to book a flight to almost anywhere in the world
BucketlistGift: This market leading range of over 800,000 curated and digital self-serve bucket list experiences includes wonders of the world, cultural experiences, and VIP access to global sporting events or music concerts
RentacarGift: The world’s only multi-brand car rental gift card with a choice of 500 car rental brand providers
Benefits of B2B gifting in Iceland
Strengthen the Saga: Corporate gifting in Iceland allows companies to forge stronger, lasting relationships with local partners and clients. In a business culture where trust and long-term connections are valued, personalised gifts can help enhance these bonds, creating a sense of loyalty mirroring the values of Icelandic hospitality. However, Iceland’s strong business ethics discourage gifts that could be perceived as influencing decisions.
Stand Out in the Land of Fire and Ice: Iceland is a small but competitive market, and thoughtful gifting is a way to differentiate your brand. Unique, high-quality gifts that reflect Iceland’s nature, culture, or design ethos can make a lasting impression, helping your company stay memorable in the minds of your partners or customers.
Boost Morale in the Midnight Sun: For companies operating in Iceland, corporate gifts can boost internal morale, especially during the long winters or as a celebration of achievements. This can increase employee engagement and satisfaction, which is particularly valued in Iceland’s tight-knit and environmentally conscious workforce.
Celebrate Sustainability with Style: Iceland prides itself on sustainability, and eco-friendly corporate gifts can align with these values. Choosing gifts that reflect Iceland’s environmental consciousness can resonate deeply with local partners who prioritise green business practices.
The Global Gift Card
Want to strengthen professional relationships in Iceland’s business world? A gift to mark Christmas or a successful collaboration is a subtle but appreciated gesture. With GoGift, your professional appreciation is delivered with clarity and charm.