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
Sri Lanka
22M
Population
Colombo
Capital
Sinhala and Tamil
Official language
Sri Lankan Rupee
Currency
National holidays
Sri Lanka gift card market size
Although exact figures for the market size are not widely available, the Asia Pacific gift card market is experiencing substantial growth. The region achieved a CAGR of 9.9% from 2020 to 2024. Looking ahead, the market is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2029, increasing from US$263.4 million in 2025 to US$354.7 million by 2029.
The Sri Lankan gift card market has gained traction due to several factors, including the rise of online retail, the increased adoption of digital payment methods, and the growing preference for experiences over material gifts. B2B gift cards are especially popular in corporate settings, where businesses use them as part of employee recognition programs and customer loyalty incentives.
As Sri Lanka’s digital economy continues to expand, the B2B gift card market is expected to see strong growth. Digital gift cards are projected to become the preferred choice for businesses, as they are easy to distribute and manage. Additionally, the integration of mobile wallets and e-commerce platforms will further fuel the demand for digital gift cards.
Sri Lanka gifting traditions
Cultural Roots and Core Values: Sri Lanka is a diverse country with deep cultural traditions influenced by its Buddhist, Hindu, and Christian communities. Values such as respect for elders, hospitality, and generosity are at the heart of its social fabric.
Gift-Giving Tradition: Gift-giving is an important aspect of Sri Lankan culture, with gifts often symbolizing goodwill, respect, and affection. While physical gifts such as clothes, food, or money are common, the growing trend of gift cards is becoming more acceptable, especially in business settings.
Cultural Norms: When giving gifts, it is customary to present them with both hands as a sign of respect. In business contexts, gifts should be thoughtful, but not extravagant, as they should reflect the recipient's status and the relationship's formality.
Significant Gifting Occasions: Important gifting occasions in Sri Lanka include the Sinhala and Tamil New Year, religious holidays like Vesak (Buddha's birthday), weddings, and birthdays. Corporate gifting is common during these times as well, with businesses offering gifts to clients, partners, and employees to show appreciation.
Corporate Gifting: Corporate gifting is becoming increasingly popular in Sri Lanka, especially as businesses seek to strengthen their relationships with clients and improve employee satisfaction. However, cultural sensitivity is crucial in ensuring that gifts are well-received.
Gift card regulations in Sri Lanka
As of 2024, the regulation of gift cards in Sri Lanka is still developing. While there are no specific government restrictions on the value of gift cards for personal or corporate use, businesses should be mindful of local tax regulations when issuing them as part of employee benefits or customer rewards.
Expiration: Gift cards in Sri Lanka may have an expiry period, typically ranging from 1 to 3 years, though specific terms can vary depending on the issuer.
Taxation: Companies offering gift cards as part of employee benefits must ensure compliance with Sri Lanka's tax laws, as these gifts could be subject to income tax for the recipient if they exceed certain thresholds.
As the gift card market grows, businesses must stay updated on any regulatory changes that may affect the issuance and taxation of gift cards.
It's important to note that regulations may change, so always check the latest guidelines with Sri Lanka'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 Sri Lanka, ensure you read the issuer's terms and conditions and consult with legal experts if necessary
Popular gift cards in Sri Lanka
Dialog: Sri Lanka’s largest telecommunications company, Dialog Axiata, offers prepaid gift cards for mobile services, data, and entertainment, making them a popular choice for tech-savvy customers and employees alike.
Sampath Bank: Sampath Bank offers gift cards that can be used at a wide range of retailers and online stores. These cards are popular due to their flexibility and convenience.
Cargills Food City: One of Sri Lanka’s leading supermarket chains, Cargills Food City offers gift cards that are ideal for employees or customers looking for grocery shopping benefits. These cards have become a popular choice for businesses looking to reward clients with a tangible and useful gift.
PANDORA: For businesses looking to offer a luxury experience, PANDORA’s jewelry gift cards are becoming a popular option. These gift cards are often given to employees as part of performance bonuses or as incentives in corporate settings.
Keells Super: Another major retail brand in Sri Lanka, Keells Super offers gift cards for grocery shopping, making it a useful option for a corporate gift.
Benefits of B2B gifting in Sri Lanka
Enhance Business Relationships: In Sri Lanka, personal relationships and respect play a major role in business dealings. A well-chosen corporate gift can help strengthen relationships, build trust, and foster long-term partnerships.
Employee Satisfaction and Retention: Gift cards are an effective way for businesses to reward employees, boosting morale and job satisfaction. In a competitive market, offering incentives through gift cards can improve employee retention rates and attract top talent.
Customer Loyalty: Businesses are increasingly using gift cards as part of loyalty programs to keep customers engaged and encourage repeat business. Gift cards offer flexibility, allowing customers to choose their rewards, which can help enhance their overall experience with the brand.
Cost-Effective Marketing Tool: Gift cards can serve as an effective marketing tool, particularly when given as promotional items or rewards for referrals. They offer value without requiring a large upfront investment and can help increase brand visibility.
The Global Gift Card
The B2B gift card market in Sri Lanka is poised for significant growth, driven by the increasing adoption of digital payments, e-commerce, and the growing popularity of personalized gifting options. As businesses look for innovative ways to incentivize employees, retain customers, and improve brand loyalty, gift cards will likely become more prominent in Sri Lanka.
With the right blend of cultural awareness, technological innovation, and market adaptation, Sri Lanka’s gift card market has the potential to become a key component of the country's evolving digital economy.