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
Mexico
126.7M
Population
Mexico City
Capital
Spanish
Official language
Mexican Peso
Currency
National holidays
Mexico gift card market size
The gift card market in Mexico has seen a CAGR of 8.8% during 2018-2022. The gift card industry in Mexico is expected to keep growing over the forecast period to record a CAGR of 8.9% during 2023-2027. The gift card market in the United Mexican States will climb from US$ 3,172.2 million in 2022 to US$ 4,904.3 million in 2027.
Digitalisation has presented new strategies and business approaches to companies. The Covid-19 pandemic demonstrated the advantages of eCommerce. The use of social media has become standard, and social networks greatly influence customer choices. In addition, gifting is essential in Mexican culture, especially in holidays, making E-gift cards increasingly popular. They can be purchased and sent online, making them an attractive option for last-minute gifts.
Mexico has a growing e-commerce market, where companies use gift cards for rewarding as well as for marketing goals. Gift cards have grown in popularity, especially due to their convenience and flexibility, becoming the go-to gifting option for Mexicans. To maintain and build upon business relationships, corporate gifting is widely used, and due to its success, the Mexican gift card market will undoubtedly keep growing for many years to come.
Mexico gifting traditions
When are gifts most commonly exchanged (holidays, etc.)?
Navidad, Día de Reyes, Birthdays, Baptisms, Quinceañeras, Weddings, and Visiting friends and Family are the biggest occasions for gift exchanges in Mexican culture.
Cultural gifting etiquette?
There is very important gifting etiquette to take into consideration in Mexico. Wrapping plays a big role in gift-giving. It is the first impression of the present, and it is common for the wrapping to be colourful. For more formal events, elegant wrapping is appreciated. The recipients are then expected to unwrap the present shortly after receiving it, as a sign of respect and recognition of the giver’s effort. In Mexican culture, trust, and respect for each other is key. This is what allows for more informal interactions. An important testament of respect is bringing a small gift for the host when invited to their home. Moreover, when receiving a gift, it is very important to be polite and clearly express gratitude.
Importance of B2B gifting in Mexico’s corporate culture
On a corporate level, gifting can serve many purposes, although commonly related to national traditions and culture. Like previously mentioned, trust is crucial in Mexican culture. Corporate gifting serves to build strong business relations. In addition, gifts are given to celebrate milestones, to recognise the hard work of colleagues, and to show gratitude to employees’ commitment.
Gift card regulations in Mexico
Gift card regulation in Mexico is subject to various laws and regulations to protect consumers and ensure transparency in the gifting industry.
Expiration: In Mexican law, gift cards should not have an expiry date. This means that gift cards should have indefinite validity.
Fees: Once the customer has paid for the gift card, they should be able to access the value of the gift card without hidden fees or additional costs. If such fees appear, they should have been informed clearly to the customer before the purchase.
Guaranteed Value: The value that the customer paid for is the value that the customer is entitled to upon redemption. Businesses are therefore obligated to provide the exact gift card value that they promise their customers.
Full Disclosure: Sellers must disclose all relevant information in detail to customers. It must be comprehensible and clear to the reader. The information should include the Terms & Conditions.
Consumer Rights: Should any issue appear, customers are entitled to file complaints or even seek compensation with the Federal Consumer Protection Agency.
Lost Cards: If the card gets lost, the consumer should contact the issuer as soon as possible.
It's important to note that regulations may change, so always check the latest guidelines with Mexico'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 Mexico, ensure you read the issuer's terms and conditions and consult with legal experts if necessary.
Popular gift cards in Mexico
In the bustling world of gift cards in Mexico, it's a pleasure to introduce some of the brands that have made a mark in their respective industries.
Apple: Apple is considered the tech virtuoso that sells all sorts of electronics and with their beautiful designs attracts the masses. Their Mac, iPad, iPhone, Watch, AirPods and all online services are all subject of the latest trends and innovations at their finest. One simply can’t go wrong with Apple.
Blizzard Entertainment: Blizzard is a video game developer and publisher, known for massively popular games like World of Warcraft (WOW) and Overwatch (OW). Mexico has dedicated WOW and OW fanbases, increasing Blizzard’s presence and significance in the country. Blizzard creates games that are enjoyed by millions of fans for their fun gameplay and thrilling storytelling.
Cuidado con el perro: Cuidado con el Perro is a Mexican fashion brand offering trendy clothing and accessories. The youth are the target audience, as Cuidado con el Perro is known for their à la mode approach as well as being affordable. The name, Cuidado con el Perro, translates to “Beware of the dog”, a name that invites curiosity and very well makes them memorable. Their selling point is their fashionable yet comfortable clothing, accessible to most, if not all demographics.
Home Depot: Home Depot is an American multinational home improvement retailer. Home Depot is the DIY dreamland where projects come to fruition. The associates are prepared and ready to serve all customers in need of assistance.
Liverpool: Liverpool is a Mexican department store that offers a variety of products, like clothing, home goods and electronics to name a few. It is the go-to shop to find everything you need and everything you don’t need! This business offers great discounts that can particularly be useful to buy gifts for loved ones.
Louis Vuitton: The brand of Louis Vuitton is famous worldwide and has made appearances in the biggest stages, not to mention the Football World Cup Final. Louis Vuitton is a renowned French luxury brand known for its premium garments, accessories, handbags, jewellery and more. Exclusivity, craftmanship and iconic designs are what make Louis Vuitton unique in the market. Louis Vuitton, couturier of dreams, orchestrates symphonies of elegance wherever you go.
Mercado Libre: Mercado Libre is a very popular C2C e-commerce platform used in Latin America and resembles Amazon. This platform is attractive because the customer can function as both seller and buyer, and in turn, a significant variety of products is for sale. Ease of use, secure transactions, and wide array of products all contribute to Mercado Libre’s Mexican popularity.
Uber: Uber is a famous platform where one can order a ride, but also food deliveries. It is very common all over Mexico for its convenience and comfortable transportation. Uber makes use of a user-friendly app, is widely reliable, and has become the go-to transportation medium for many.
Walmart: Walmart is an American multinational retail corporation, famous as the “go-to hypermarket” for many. The popularity of Walmart in Mexico can be explained by the plethora of products that the retail store offers. This presents convenience for the customers, their one stop to everything they could need, furniture, medicine, groceries, cleaning products, quick-service restaurants and much more. Mexicans prefer Walmart over others due to the competitive prices that Walmart offers.
Xbox: Xbox is a Microsoft brand and offers top-of-the-line gaming consoles, critically acclaimed original games, and an extensive online gaming service. With Mexico’s 104.1 million video gamers in 2023, Mexicans enjoy the diverse game library of Xbox, one of the market leaders. Xbox offers a lot of advantages, such as the Xbox Game Pass Core. With this subscription, one can play games online, get exclusive discounts on games, try out games for free, and get access to an impressive game catalogue.
Benefits of B2B gifting in Mexico
In Mexico, gifts are valued and are guaranteed to create stronger and more significant business relationships. Gifts all but guarantee smiles as such an exchange fosters a positive and often vibrant atmosphere. Moreover, gifting is a way to recognise employees for their hard work. This sort of rewarding fosters a good ambience at the workplace and can be a useful tool to retain talents. Additionally, corporate gifting can serve as a medium for businesses to promote and market their products and services. This would occur through branded gift cards, which would, in turn, increase brand awareness.
The Global Gift Card
The Global Gift Card is not an ordinary gift card, but a convenient, flexible, easy-to-use gift card available for both B2C and B2B purposes. Businesses can gift employees domestically, but may very well choose to gift international associates, at no additional cost. Similarly, businesses can have their gift cards visually customised to fit their visions and values.
