The Future of Incentives: Digital

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In the early days of digital marketing and social media, brand advocacy online was more or less a volunteer effort. Early adopting tech users with good (and bad) consumer experiences with brands took the time to talk about that brand in their own social feeds. The early days were also exciting in the fact that social media opened up this new door for consumers to be able to interact with brands. Marketing was no longer (well in theory anyway) a one-sided conversation where the brands controlled all the messages. Consumers could now be part of that marketing conversation.

It was - and still is - an exciting time. The winds are changing though. The initial thrill of being able to talk to a brand is wearing off. Social media usage is growing exponentially and not all the users want to be part of brand advocacy for kicks. There has to be something in it for them. Companies now have to not just rely on the "yay social media" wave but come up with effective ways to keep the consumer base engaged in conversation about their brand.

That's where incentives and loyalty programs come in.

Incentive and loyalty companies (in theory anyway) are masters in modifying behavior. We typically see this in the form of employee motivation, helping company workers take the necessary to achieve and even excel certain goals. Incentive programs should be designed to drive a certain behavior from a group and reward them accordingly for participating in those behaviors.

Tapping into digital loyalty is a huge opportunity for our industry. Using our knowledge and capabilities to help drive consumer behavior will be huge in the digital space. So a company wants consumers to talk more about their brand online....talk about in what ways? Do they want more Twitter mentions? Foursquare or Facebook place checkins? Completed activities on SCVNGR? If they do these things, what's in it for them? How will they be motivated to take part in those behaviors desired by your company/brand.

Digital media and loyalty is going to be part of the incentive industry's future. Loyalty programs will play a much bigger role in successful digital marketing efforts.  What do you think? What other ways will incentives play a part in the future of digital marketing?

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WeReward Puts Interaction into Location-Based Loyalty

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WeReward is not only a location-based service but a rewards service as well. For checking into different places or completing different tasks, WeReward gives its participants points for completion. These aren't arbitrary points like Foursquare. Rather, they are points that are eventually redeemed for cash. That's right - cash. WeReward links up to users' PayPal accounts and are able to be cashed in once users generate a minimum of 1000 points.
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Employee Loyalty = Customer Loyalty

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Proper use of incentive programs to increase engagement among an organization's employees should improve loyalty among those workers to the company. Increased loyalty typically results in increased productivity levels. This will also have a chain reaction to treatment of your consumer base. Employees that are treated well tend to pay it forward to their customers.
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Foursquare for Loyalty Programs

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We've already discussed how mobile devices are going to be the next new loyalty card. Many companies have already utilized the "Specials Nearby" feature on Foursquare, which allows users to view sponsored messages by companies near where they've recently checked in. Foursquare already has a points-based system into their program where users earn points for their number of check-ins, first time visits etc. What if companies utilized those same systems?
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The New Loyalty Card

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With mobile devices becoming virtually attached to most people, its role in loyalty programs will be on the rise as well. Already many companies are utilizing services like Yelp and Foursquare to attract new business. During a conversation I had last week, one person pulled out his smartphone and simply stated "This will be the new loyalty card."
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