RewardWise...Unlease the Power of Your Own Currency American Express Incentive Services
Issue 6, October 2008    In This Issue...

Rewardwise is your source to learn about

  • what's new in the prepaid world
  • how to leverage prepaid rewards for your corporate and consumer incentive programs
  • the latest on trends in the prepaid industry

We hope you find this a valuable tool and look forward to providing you with RewardWise.

Holiday Gifting

Shopping for the employee or client who has everything? Feeling stressed? That's easy to understand. Even when your business relationships aren't personal, you still want to make a lasting impression, on a personal level. Additionally, working within a tight budget in these crazy economic times adds more pressure to your decision.  

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Paper to Plastic

Imagine you are paying for an item at your favorite store and you open your wallet. What do you pull out? A credit card, not a check. Society has gravitated towards paying with plastic and is moving away from cash or check payments. As consumers, we know that good things come from using credit cards (instead of cash) like reward loyalty programs and promotional discounts. As employers, the same concept of rewarding recipients can be employed – i.e. giving employees a reason to improve performance while remaining loyal.

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Incentive Theory

Is there a science to selecting an incentive? When developing employee reward programs, it can be challenging to predict what type of incentives will resonate with your audience. Options range from offering cash to gift cards to catalog selections, with one often wondering how they can be sure that their choice will get results.

 

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Incentive Industry News
"In today's challenging economy, companies have to distinguish themselves from the competition by developing creative ways to entice and excite customers and employees alike," said Karen Renk, CAE, executive director of the Incentive Marketing Association (IMA). The IMA announced winners of their annual Circle of Excellence award at the recent Motivation Show in Chicago.

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Case Study: Subaru
Subaru Canada, Inc. is a wholly owned subsidiary of Fuji Heavy Industries Ltd. of Japan. Headquartered in Mississauga, Ontario, the company markets and distributes Subaru vehicles, parts and accessories through a network of authorized dealers across Canada. Subaru’s challenge included increasing sales by 10%, enhancing value to consumers on its Impreza WRX STI brand, helping offset cross-border shopping and ensuring a good start to the after-sales relationship at Subaru dealers. Subaru Canada also wanted to increase customer loyalty by bringing customers back to their “home” dealership to purchase a new Subaru Impreza and bring them back again for future purchases at the dealership for accessories, service and merchandise.

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Upcoming Events
We hope to see you at one of the many events where we exhibit.

 

November 2-4, 2008

2008 Loyalty, Incentive and Reward Expo

 

ChampionsGate, FL

 

 

 

 
Holiday Gifting

Paper to Plastic

Incentive Theory
Incentive Industry News
Case Study: Subaru
Upcoming Events

 

 

Persona Options - So many shopping options!
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Savoring - gift cards for holidays
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