eight questions to ask your global rewards provider
DESCRIPTION
In order to ensure your global rewards provider has the insight and expertise in providing award fulfillment and delivery, as well as in designing and implementing programs of these types, this presentation will provide 8 strategic questions you should ask your global rewards provider.TRANSCRIPT
8 QUESTIONS YOU SHOULD ASK
BEFORE YOU SELECT A
GLOBAL REWARD PROVIDER
Why the Interest in Global Rewards?
Global Loyalty Initiatives are Growing
• Consolidation of U.S. businesses make expansion into global markets a great growth and revenue opportunity
• Increase/Ease of Global Marketing- Easier for consumers to purchase- More choice for consumers- Easy market entry increases competitive
activity
• Leveraging existing knowledge/natural extension
We Also Heard Challenges and/or Points of Pain?
“Operating a global loyalty program is definitely more complicated and challenging than operating a program for US based audiences only. In different regions we have a different customer bases and not all benefits for the US audiences are benefits for these other regions.”
“Getting all of our regions on the same page is a monumental task. It becomes even more complex by the fact our customers speak different languages, and have different customs depending on the region they are in.”
Verbatims, Maritz Research Study, Oct/2011
Question #1: What Countries Do You Support?
(Include Languages Available By Country)
• International Presence
• Communication/Language of Choice– Translation
GLOBAL PENETRATION
Google Translation Example
Spike the Tsann pump high-pressure steam coffee machine the TSK-1826B4 value price gourmet coffee shipped the same day can be ordered
The end of the sun appliance shops snapped up
$359.00 1 day, 14 hours and 58 minutesDetails >>Per account can be purchased up to two
Dangdang price: ¥ 399.00
Market price: ¥ 999.00 (¥ 640.00) to save you
Customer Rating: 49 people evaluation, 89.8% of the RecommendedLocation: Beijing city Shipping: express each order shipping instructions
Sunshine the Litian Mall service promise:Sunshine Litian Mall assure you that the sale of licensed goods are genuine. With the warranty certificate and Sunshine force, days Mall invoice, enjoy the Genius service, and shopping malls to buy goods to enjoy the same quality assurance.Sunshine Litian Mall also provide you with a competitive commodity prices and membership discount system, please rest assured to buy!After service:This product Quanguolianbao, enjoy Warranty ServicesAs a result of quality problems or failure, and enjoy the return within 7 days, 15 days replacement, enjoy free warranty Warranty Services within the warranty period on the 15th!Statement: Because manufacturers will be without any advance notice to change the product packaging, origin or some accessories, the Division can not ensure that customers receive the goods and store pictures, place of origin, appendix is exactly the same. Only to ensure genuine goods, manufacturers unified standard configuration! And to ensure consistency with the same mainstream market new products. The store does not update, please understand!
Question #2: Describe Your Global Rewards Collection and How
You Ensure “Cultural Relevance”
• Total number of rewards by country
• Number of reward categories • Vouchers (Gift Certificates)• Merchandise • Travel • Experiential• Charities
• Frequency of Reward Collection Updates
• International Mega Brands and Regional Brands
DEPTH/BREADTHOF COLLECTION
BY COUNTRY
Question #3: Describe Your Fulfillment and
Customer Service Model(Include Your Reward Return Policy)
• Order Process• Inventory Management• Shipping Guarantees• Manufacturer’s
Warranties
FULFILLMENTPROCESSES
• Phone • Email• Languages• Hours• Reward Returns• Service Level
Agreements
CUSTOMERSERVICE
Question #4: How Can We Be Assured that
Brand Image/Standards are Maintained?
• Website Appearance
• Communications
• Reward Collection
• Customer Experience
BRANDING
Question #5: Describe Your Company’s Experience and Tenure in the Global Reward Fulfillment
IndustryCOMPANY
BACKGROUND
• Length of time fulfilling global rewards
• Financial Stability
• Scalability
COMPANY OPERATIONS
• Integration Process
• Hosting
• Business Continuity/Disaster Recovery Plan
• Ability to handle Large Volume Levels – Infrastructure
GLOBAL CLIENT VALIDATION
• Number of clients serviced to date
• Two current client references
• Link to actual viewable global reward website
Question #6: What Is Your Future Roadmap For
Global Rewards?
• Long term needs vs. short term needs– Market Expansion markets– Additional
language/translation needs– Customer Service
• Features/Updates/Modifications– Wish List– Auctions– Gifting– Supplemental Pay
GLOBAL ENHANCEMENT BUSINESS
PLAN
Question #7: How Can You Help Mitigate Risk and Manage the
Complexity of Doing Business in Multiple Countries?
• Currency Conversion
• Legal and Tax Requirements by Country
• Political Instability
• Purchasing Power Parity (PPP)
INTERNATIONALKNOWLEDGE/EXPERIENCE
Question #8: What Global Challenges Should
We Be Aware Of?
• Pricing
• Promotions (sweepstakes)
• Cash Rewards
• Communications
• Efficient/Economical In-Country Support Model
GLOBAL VS. U.S. CHALLENGES
ULTIMATE GLOBAL PARTNER GOAL
SELECT A PARTNER, NOT A VENDOR
CAN FULFILL YOUR SHORT AND LONG TERM GLOBAL NEEDS
HAS SIGNIFICANT GLOBAL EXPERIENCE OFFERS A ROBUST OFFERING OF RELEVANT
REWARDS BY COUNTRY SUPPORTS YOUR COMMUNCATION STRATEGY PROVIDES PROGRAM METRICS AND REPORTING CENTRALLY MANAGES YOUR PROGRAM WHO YOU FEEL COMFORTABLE WITH REPRESENTING
YOUR BRAND
Still Need More Information?
Cheryle Frenzle Loyalty Strategist/[email protected]
Mary LuckeyReward [email protected]
www.maritzmotivation.com