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
India
1.41B
Population
New Delhi
Capital
Hindi
Official language
Rupee
Currency
National holidays
India gift card market size
In value terms, the gift card market in India has recorded a CAGR of 15% during 2018-2022. The gift card industry in India will continue to grow over the forecast period and is expected to record a CAGR of 18% during 2023-2028. The gift card market in India will increase from US$ 6,486 billion in 2022 to reach US$ 13,237 billion by 2027.
India has witnessed remarkable growth in recent years, driven by the rapid digitalization of the economy. With the increasing adoption of online shopping and digital payment methods, gift cards have become a popular choice for gifting and incentives. Their convenience and practicality have fueled this growth, allowing recipients to choose from a wide array of products. They can be purchased and sent online, making them an attractive option for last-minute gifts.
The gift card market in India appears promising in the future as it continues to interwinde with the nation’s digitalization and growing e-commerce landscape. As the digital payment infrastructure further develops, gift cards are becoming a key component of India’s evolving retail and e-commerce ecosystem. The industry is driven, amongst other factors, by the expanding collaboration between businesses and brands to raise brand awareness.
India gifting traditions
Indian gifting traditions are deeply rooted in the country’s rich cultural and social fabric and they remain an important part in their lives. Gift-giving in India represents much more than just tangible objects, they serve as a representation of the relationship between the sender and the receiver. It is seen as a crucial component of social interactions and there are many ways to celebrate gift giving. The act of giving and receiving gifts during religious ceremonies and festivals fosters a sense of togetherness making it one of the most cherished and meaningful traditions in Indian culture.
When are gifts most commonly exchanged?
Amongst other occasions, Indonesians will exchange gifts:
For birthdays
For anniversaries
For religious ceremonies and festivals
As wedding gifts
Cultural gifting etiquette
The most appreciated gifts in Indian culture are those that show thoughtfulness and consideration for the recipient’s preferences and needs. Presentation matters too, with gifts oftenly exquisitely wrapped and adorned. Generally Indians make sure to:
Choose something appropriate for the occasion.
Include a colorful wrapping or envelope.
Offer an inclusive and culturally relevant option.
Receive or give a gift with both hands to show respect.
Importance of B2B gifting in India’s corporate culture
Corporate gifting in India has been practiced for a long time and one of its main purposes is to foster better business relationships. Gifts are given on multiple occasions such as showing gratitude, or celebrating Diwali. Offering gifts not only serves as a sign of respect for one another but also shows commitment and loyalty to solidify the bonds between businesses.
Gift card regulations in India
Gift Card Regulations in India are governed by the Reserve Bank of India (RBI) who released the directions for Prepaid Payment Instrument (PPI Regulations).
Expiry dates: PPIs issued in India should have a minimum validity period of one year from the date of issue.
Fees/charges: Gift Cards in India should not have any fees or charges associated with their issuance. However, if there are, they must be clearly disclosed to the buyer at the time of the purchase.
Redemption: Gift cards must be redeemable at all outlets or stores and some can be redeemed on the online website of the issuing entity, and the terms and conditions for redemption should be clearly communicated to the buyer. The maximum value cannot exceed INR 10,000.
Disclosures: PPIs must disclose simply and clearly all relevant terms and conditions to the buyer at the time of the purchase.
Consumer protection: PPI regulations should include any FAQs on the issuer's website, a public customer grievance system, transparent customer contact details, and timely complaint resolutions.
It's important to note that regulations may change, so always check the latest guidelines with India'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 India, ensure you read the issuer's terms and conditions and consult with legal experts if necessary.
Popular gift cards in India
In the bustling world of gift cards in India, it's a pleasure to introduce some of the brands that have made a mark in their respective industries.
Amazon: Vast online marketplace that offers a wide and unique range of products with quick delivery and convenience.
Flipkart: One of India’s leading e-commerce platforms with access to an extensive catalog of products.
Big Bazaar: One of India’s most popular retail chains selling groceries, fashion, and household items.
Google Play: Highly known digital distribution platform that offers a wide array of digital content like apps, games, movies, and books.
Steam: One of India’s digital content marketplace designed for gamers to buy games, software, and in-game items on the platform.
iTunes: An online media store and media player application used to purchase music, movies, TV shows, apps and much more, making it a hub for digital entertainment for Apple users.
Tanishq: One of India’s leading jewelry brands known for its exquisite designs, craftsmanship, and trustworthiness, offering a wide range of gold, diamond, and other precious metal jewelry.
Croma: A prominent electronics retail chain in India that specializes in consumer electronics and appliances, offering a wide selection of products.
Bigbasket: From pantry staples to gourmet treats, the Bigbasket Gift Card brings the freshest flavors to your doorstep.
Nykaa: Unleash your inner beauty – the Nykaa Gift Card is your canvas for cosmetics, skincare, and more.
Benefits of B2B gifting in India
In India's dynamic business landscape, fostering positive relationships is integral to success. B2B gifting has emerged as a powerful strategy for achieving this goal. It's a gesture of appreciation that can yield a range of benefits for businesses operating in the Indian market.
Differentiation in a competitive market
Enhancing Goodwill
To wrap it up, B2B gifting in India isn't just a trend; it's a testament to the value of relationships in business. However, it's pivotal for businesses to tread this path with sensitivity, keeping in mind cultural nuances, local practices, and the unique Indian spirit.
The Global Gift Card
With The Global Gift Card, GoGift has completely changed the way people give gifts locally and internationally while providing businesses in a variety of industries with a customized solution. You can reach people worldwide with the market’s largest global brand selection and a fully customizable solution.
