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
Latvia gift card market size
Currently, precise data on Latvia’s gift card market size is scarce, but trends suggest growth similar to Estonia and Lithuania, both of which mirror Nordic patterns with a slight delay.
Latvia’s score on the EU’s DESI index has been growing at a slower pace as compared to most other EU countries. While strong connectivity has supported the growth of e-commerce, the integration of digital technology is still lacking, thus impacting the adoption of digital payment solutions as well as the implementation of digital alternatives to analogue practices, such as in corporate gifting.
Assuming that the development of the Latvian gift card market is to follow that of Nordic countries, a shift towards digital gift cards is likely. Consumers often prefer the convenience of electronic options, and businesses can leverage online platforms to offer and manage gift cards, integrate them into loyalty programs, or develop corporate gifting programs.
Latvia gifting traditions
Connection to Nature: Latvia’s deep connection with nature influences its traditions, with many gifts reflecting themes of natural beauty, sustainability, and craftsmanship.
Cultural Celebrations: The strong bond with the environment is reflected in Latvian celebrations, such as the vibrant Midsummer festival
Family as the Core: Family is central to Latvian society, serving as the bedrock of the social structure
Blending Traditions: Despite Latvia being a hierarchical society where age and position command respect, traditions are gradually blending with contemporary influences
Folklore: Latvian culture blends Christian traditions with remnants of ancient Baltic pagan customs, seen in Midsummer (Jāņi) and solstice celebrations.
Gift-Giving Occasions: Gift-giving is a common practice during Christmas, birthdays, baptisms, weddings, and other significant life events, with a focus on sentiment rather than extravagance
Workplace Celebrations: At work, birthdays are celebrated to foster a sense of community, often including a birthday serenade!
Value of Thoughtfulness: Latvians value thoughtfulness over opulence in gift-giving, where the gesture of care and consideration is more important than the gift’s monetary value
Business Formality: In the business realm, interactions are often formal, with respect given based on age and position, though the younger generation is introducing a more casual approach in line with global trends
Essence of Gifting: Across family and professional settings, the essence of gift-giving in Latvia remains an expression of connection, a tangible token of appreciation, and a nod to the enduring ties that bind Latvians to each other, their country, and the world
Gift card regulations in Latvia
Here are some general points about gift card regulations in Latvia as of January 2024:
Gift cards have to be valid for at least 6 months
Terms and Conditions have to be clearly stated
In the case of personalized vouchers, the name does not have to appear on the voucher
It's important to note that regulations may change, so always check the latest guidelines with Latvia'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 Latvia, ensure you read the issuer's terms and conditions and consult with legal experts if necessary
Popular gift cards in Latvia
Boozt: This fashion haven brings the latest trends to Latvia’s style-savvy, offering a collection that seamlessly blends Nordic cool with international chic
220.lv: The Latvian e-commerce powerhouse captivates locals with its diverse range of products, from gadgets to home essentials, making online shopping a delightful experience
Rimi: One of Latvia’s largest supermarket chains, Rimi offers a wide selection of groceries, household essentials, and fresh local produce. A Rimi gift card provides convenient access to everyday necessities, making it a practical and appreciated choice.
H&M: The Swedish beloved fashion giant captures the hearts of Latvians by providing affordable, on-trend clothing, making style accessible to all
Lieliska davana: Whether it’s a relaxing Spa treatment, an exquisite dinner or the thrill of sporting activities – Lieliska Davana offers an endless range of adventures, allowing one to experience a magnificent variety of emotions
Global Hotel Card: For the wanderlust-struck Latvian, the Global Hotel Card unlocks a gift of choice in accommodations around the globe
Tripgift: The travel dream weaver entices Latvians with the promise of unforgettable adventures, letting Latvians explore and create memories in destinations of their choosing
Benefits of B2B gifting in Latvia
Cultivating Connections: In a place where family and close-knit relationships are highly valued, engaging in B2B gifting becomes a powerful tool for building personal connections.
Blending Tradition with Modernity: The evolving business culture in Latvia, where formality is giving way to a more relaxed atmosphere, provides a unique environment for B2B gifting. Companies can leverage this blend to present gifts that resonate with both the classic values of respect and the emerging spirit of informality, speaking to both the youngsters and experienced ones in the office.
Celebrating Loyalty: Latvians love to celebrate and see their personal achievements be acknowledged. Corporate gifting becomes a way to give a nod to milestones, whether they might be commemorating a long partnership or celebrating a round birthday.
Navigating from Formal to Casual: Latvian business culture values practical, high-quality gifts over luxury items, making B2B gift cards an appealing option for employee recognition and client appreciation. Understanding the dynamics of the Latvian business culture is crucial, and once such ability is achieved, companies can not only strengthen their business relationships, but also become an integral part of the fabric that makes Latvia.
The Global Gift Card
Looking to show appreciation in Latvia’s steadily growing business environment? Recognizing Independence Day or client successes with a corporate gift shows respect and professionalism. With GoGift, your thoughtful gesture speaks volumes in any business language.