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.
Australia gift card market size
In value terms, the gift card market in Australia has recorded a CAGR of 11.1% during 2018-2022. The gift card industry in Australia will continue to grow over the forecast period and is expected to record a CAGR of 8.3% during 2024-2028. The gift card market in the country will increase from US$6.7 billion in 2023 to reach US$10.1 billion by 2028.
Around one in three Australians owning a smartphone makes payments by using digital wallets like Apple Pay, Google Pay and Samsung Pay. This abandonment of traditional payment methods is also displayed in a shift away from paper-based gift cards towards digital and e-pay gifting solutions, as many banks are partnering with businesses in the gifting industry. As observed globally, the Covid-19 pandemic pushed consumers further into the digital space and towards online shopping, which has pushed the expansion of digital gift card offerings by retailers.
The Australian government and its state-level counterparts have started initiating programs to animate their citizens to spend money in a valiant effort to boost the economy following strict and long-lasting nation-wide lockdowns.
Accordingly, businesses are increasingly appreciating gift cards as an instrument to attract, retain and incentivize customers. Furthermore, the importance of corporate gifting is likely to further grow, as companies are making use of gift cards to reward and show appreciation to employees, especially those working remotely.
Australia gifting traditions
Australia’s gift giving culture is made up of a blend of Indigenous, European, and Asian traditions
As in most Western countries, gifts are especially common on birthdays and for Christmas
Gift giving in Aboriginal culture is not just a social practice, but of significant spiritual and cultural importance on many occasions such as weddings, funerals and coming-of-age ceremonies
In contrast, urban gifting culture is usually as spontaneous as Australians themselves and quite relaxed
Many Australians are especially happy to receive local products, or practical and useful gifts
Typically, gifts are given to show gratitude, celebrate accomplishments, and intensify relationships with clients and business partners, while personal events in employees’ lives call for gift-giving
Gift card regulations in Australia
Here are some general points about gift card regulations in Australia as of December 2024:
Expiry Dates: A minimum three-year expiry period for gift cards is required, which must be clearly displayed on the card
Exceptions: Cards supplied as part of an employee rewards program are exempted from the expiry period rules, as well as cards or vouchers given in connection with customer loyalty programs
Post-Supply Fees: Businesses are not allowed to offer gift cards with any post-supply fees, including activation, account keeping, and balance enquiry fees
Payment Fees: A business may charge a fee to cover the cost of processing payments including overseas transaction fees
Please keep in mind that these regulations can change over time, so it's essential to verify the current regulations with the Australian government or relevant regulatory authorities.
Additionally, specific details and requirements may vary depending on the type of gift card, its issuer, and other factors. If you plan to purchase or use gift cards in Australia, it's advisable to review the terms and conditions provided by the issuer and seek legal advice if needed.
If you're considering buying or utilizing gift cards in Australia, ensure you read the issuer's terms and conditions and consult with legal experts if necessary.
Popular gift cards in Australia
In the bustling world of gift cards in Australia, it's a pleasure to introduce some of the brands that have made a mark in their respective industries.
Target: How do you hit the bull’s eye? By offering entry to a store full of possibilities, of course!
Apple Store: It doesn’t have to be the iPhone 16 right away – this gift card truly does it all, giving access to everything from iTunes, apps, and games, to music, movies, and TV shows.
Woolworths: Some products will remain eternally essential – and Woolworths offers most of them for a lifetime with their gift card which has no expiry date.
Prouds the Jewellers: Australia’s largest jeweler by both nationwide stores and selection of stock offers a wide range of jewelry and watches.
Sephora: Sephora’s gift cards enjoy a huge popularity with anyone who likes to invest in their appearance and feel good about themselves.
RedBalloon: If there’s one thing Australians love, its going outside and being active – and it’s exactly that which RedBalloon offers.
Benefits of B2B gifting in Australia
In Australia'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 Australian market.
Gift cards costing less than $300 may be tax deductible with no FBT (fringe benefits tax) payable
To wrap it up, B2B gifting in Australia 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 Australian spirit.
*Please note that our information does not amount to professional or legal counsel. For guidance tailored to your particular circumstances, we advise consulting directly with a certified tax expert.
The Global Gift Card
If you have always wondered how to upgrade your status with your Australian colleagues or business partners to being “mates” and getting that illustrative invitation to their monthly barbie, this short article might have been able to help. Next time a holiday or work anniversary approaches, do not hesitate to reach out to GoGift for a corporate gifting solution that will fit your needs.
