- 1. Variable Ratio Reward Card
2. Variable Ratio Reward Cards
- Variable Ratio (VR) Reward Cards can be used as the awards
media in any Performance Improvement Program.
- Instead of issuing&redeeming typical media for incentive
programs:
- The media would be VR Reward Cards
3. Variable Ratio Reward Cards (Samples) There are 20 rub off
spaces on the front of each card. Beneath 5 of the spaces is the
word WIN. Participants rub off any 5 spaces. The number of WINs
uncovered (and your budget) determines the award! 4. Variable Ratio
Reward Cards ( Example )
- Your Client is introducing a new product. The budget allows
$25.00
- for each X ($ or Units) of new product sold through the
channel.
- An example of the VR Card Channel Salespeople could earn
is:
- WINs Uncovered Points ($)Value
- Yourfixed costis$24.94each, which is the average awards
- value of the card. VR Cards are invoiced as they are
issued.
5. Variable Ratio Reward Cards
- The primary motivational powers of VR Cards
-
- J ackpots onEveryCard( VR Reward Cards arenot seeded ; each
card has the opportunity for the grand prize award!)
-
- E veryCard is a Winner (No losers)
- You continue to control all award offerings, gross profit and
redemption of awards (whether you DIY or go through a Fulfillment
House)
6. Variable Ratio Reward Cards How They Work
- VR Cards use mathematical odds computations that allow for
jackpots on each card. Tried and True computations (1/15,500)
- Your cost of the VR Card is determined by the value of the
awards offered on each card.
- VR Cards / Points are redeemed for awards (fulfilled by
ProPrinters)
7. Awards Award Points are redeemed for the top-quality,
name-brand items featured in the Awards Selection you offer
Earnings on VR Cards can be Redeemed Immediately orAccumulatedfor
Bigger Awards (keeps them wantingto earn more cards!) 8. Variable
Ratio Reward Cards ( Example )
- Your want to focus on a Specific Product or Line during
- the upcoming quarter. Your budget is $15 per X
- product sold (or purchased) through the channel. The card
could
- WINs Uncovered Points ($)Value
- YourFixed Costis$14.97each, which is the average awards
- value of the card. VR Cards are invoiced as they are
issued.
9. Variable Ratio Reward Cards ( Example )
- You need special focus on Operational Objectives(Safety,
- Quality, Productivity, Cost Containment,
Punctuality/Attendance,
- Suggestions, Training, Process Improvements, Recruiting,
Health
- Initiatives, CSI Ratings, Sales Support, etc.)Their incentive
budget
- is $10.00 per accomplishment:
- WINs Uncovered Points ($)Value 0/11,000 5
- Yourfixed costis$9.93 each. VR Cards are invoiced as they are
issued.VR Cards can be developed to fit any budget.
10. Sure Jackpot Winner Cards
- Sure Winner cards can be distributed
- at the beginning of programs to increase
- participant excitement and enthusiasm
- (they want to earn more!)
- Sure Winner cards are a separate
- budget line item for the jackpot amount.
- All other cards are invoiced @ afixed
- cost. So your Client can have afixed
11. Variable Ratio Reward Cards Client / Prospect Benefits
- SomethingDifferent(a new way to motivate your employees and
aDifferentiatorin your sales channel. They can offer moreLuxurious
, moreMotivating Awardsto program participants)
- They haveGrand Prize Motivation(at a Fixed Cost)
- StrongSynergy(especially when disbursed in meetings)
- Motivation Plus(if they use any Sure Winners)
- A MajorTime Saver(VR Cards can be used for multiple promotions
and the winnings on each card accumulated for bigger
awards.Strengthens each individual promotion )
- Easy Distribution(awarded individually or sent bulk)
- They Work(the most powerful motivating factor is proven to be
Variable Ratio Reinforcement)
12. Variable Ratio Reward Cards Participant Benefits
- Exciting(a jackpot on every card all they have to do is find
it)
- Every Cardis aWinner(no losers...some just win more than
others)
- High Perceived Value(participants equate the activity with the
jackpot - they dont know your Clients cost of the card)
- High Integrity(those with the minimum value are encouraged
torub off all the spaces)
- Earningson VR Cards can beAccumulatedfor bigger, more expensive
awards (and from multiple promotions)
- More Motivating(more luxurious awards can be offered)
13. Variable Ratio Reward Cards How We Work Together
- VR Reward Card Training where required
- VR Reward Card Presentation Development(Assistance with
Strategy, Structure and Tactics)
- VR Reward Card Award Values Development
- VR Reward Card Pricing and Production
- (Out-boarded and shown as part of start-up costs)
- Presentation Support Recommended
14. ProPrinters Contact Information