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5 Ways Instant Incentives are changing Market Research.

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Presentation on theme: "5 Ways Instant Incentives are changing Market Research."— Presentation transcript:

1 5 Ways Instant Incentives are changing Market Research.

2 About our speaker Jignesh Shah
Rybbon: Incentives Management for Market Research 20 years in Technology & Marketing Supported MR projects at WBA, SAP, Forward Financials and Balboa

3

4 Physical incentives are inefficient and expensive administrative burden
Hours wasted on manual purchase, preperation and dispatch tracking and tallying incentives against projects and clients resolving errors and delays in delivery to participants Unhappy participants due to delays International incentives are hard Insufficient tracking & visibility for audits & compliance $7-$12 per incentive. Opportunity Cost of not investing these dollars to grow your core business. + More thoughtful gifts.

5 Quiz: How do you currently do incentives?

6 Digital Incentives E-Gift Cards Virtual Prepaid Digital Payments
Card-less Cash

7 How Instant Incentives Work
Buy Send Track Project 1 Project 2 . Project x Branding & Customization Management & Reporting Survey / Participant Database Integration

8 5 Ways Instant Incentives are changing Market Research
Slashing project management burden and cost Speeding up research execution Expanding Reach to Global Participants Complying with regulations and audit requirements Keeping Participants Happy

9 1. Slashing Project Management Burden & Cost
Example: Administrative overhead (hours) to send 3,000 incentives per year. 75% Mailing Checks Virtual Prepaid by

10 Digital incentives eliminate manual, time consuming tasks
Buying Plastic Gift Cards Material & Postage Data Entry (Recipients list and rewards) Bank Trips Preparing and mailing checks Tracking & reconciling cash or checks Wrestling spreadsheets for project costs Resolving delivery errors and delays

11 2. Speeding up Research project execution
Organize & Send 1 or 1,000 rewards in minutes Project 3 Load & manage recipient lists by Project Add recipients on-the-go Automate by integrating directly into survey and data collection systems. $ $ $ $ $ Project 2 $ $ $ Project 1 $ $ $ $ $ Great for qualitative research and multi-part studies! $

12 3. Expanding reach to global participants
Virtual Visa Prepaid Delivered by Accepted in 150+ Countries

13 4. Complying with Regulations & Audit requirements
Regulations. Example: Internal Policies & Monitoring

14 4. Complying with Regulations & Audit requirements
One portal for tracking all incentives Detailed tracking of each incentive sent Automate reporting by client, project and recipient Support Regulation Compliance Support Internal Policies & Monitoring

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16 5. Instant reward delivery = Happy Respondents
Immediate delivery Any device More respondent retention More referrals 16

17 Offer respondents Speed and Choice
Susan, thank you for your participation. Please choose how you would like to receive your reward. Receive a check by mail. $50 Receive Now. No waiting. Receive Now. No waiting. Completes in days. More thoughtful gifts.

18 Strengthen personal connection with customized reward experience
Reward arrives from your address Present with your unique voice & messaging Drive engagement, offer: Sign up as panel member Refer another respondent Sign up for Newsletter 18

19 Quiz: How could Instant Incentives benefit you?

20 Meet Rybbon: Complete Incentives Management
One place for US & International Rewards Incentives Management by Project Instant Delivery by Detailed Tracking & Reporting API for integration

21 Q&A Complete Incentives Management See Demo:


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