The Economies of the Add-a-Diamond Upgradeable Award Ring
When considering awards for top sales personnel, the options are endless. Because of this, companies spend inordinate amounts of time and money coming up with unique items that repeat winners have not already won. The upgradeable award ring offers an economic and time-saving solution to these problems.
Consider a company with a $500 budget for each award. With an Add-a-Diamond Ring Program, you can save money by awarding top sales personnel a $1000 ring.
WAIT – STOP RIGHT THERE!!!! The budget is $500. What is with this $1000 ring?!?!?!?!
Well – remember all of those repeat winners we mentioned? Once a new winner gets a ring, every time they repeat winning they get a diamond upgrade. The cost for these would be around $75 each. If the ring can be upgraded 8 times the total cost over the life of the ring would be:
$1000 + $75 + $75 + $75 + $75 + $75 + $75 + $75 + $75 = $1600 / 9 years = $178/year
Significantly less than the $500 budget amount!!!
Besides the very economical lifetime annual cost of awarding upgradeable rings, they also save you time. Committees do not need to get together each year to decide on what to award everyone, and unlike generic lifestyle gifts, custom upgradeable award rings cannot be purchased anywhere else – they can only be earned. Over time they become a revered tradition among the sales staff.
Award rings also travel with the recipient wherever they go throughout the year. These rings remind recipients of how the company values them and shows co-workers and customers what a professional they are and inspire others to earn these rings themselves.