Day 1 – winners will arrive from home ports, picked up and taken to Darwin for lunch at the Raging Bull Steakhouse, one of Darwin’s most renowned restaurants boasting the best steaks.

After lunch winners will be transferred to the airport for a scenic private charter flight to Melville Island where they will be staying at the Melville lodge regarded by many as the finest in the top end.

Upon arrival, winners will settle in with casting lessons, a few beers and discuss the adventure ahead.

Day 2 & 3 – Fully guided fishing, from 7am to 5pm, Barramundi and thirty other river and coastal species in one of Australia’s most magnificent fishing environments. Awesome seafood lunch and dinner as well as morning and afternoon tea are provided.

Day 4 – Lazy morning with a late breakfast then transfer to airport for a private charter at 10am to Darwin and departure home ports.

It’s easier and less costly to sell to existing customers than to new customers. The more customers you keep through active retention efforts, and the longer you keep them, the more profitable your company will be.

* Centre for Concept Development: A Study Conducted among Current Users of Merchandise and Travel Items for Motivation/ Incentive Applications

Sales incentive programs (Also termed Sales Incentive Plans or SIPs) are used to motivate salespeople to achieve sales goals over a period of time. These programs are primarily used to drive sales, reduce sales costs, increase profitability, develop new territory, and enhance margins. Sales incentive programs have the clearest connection directly to outcomes.

Note: Place in your formula has only the total sales of the products involved in the incentive program to ensure accuracy. Input all costs related to the incentive and understand weather FBT is payable or not and if you are going to account for it.

The return on investment formula:

In the above formula “gains from investment”, refers to the proceeds obtained from selling the investment of interest. Return on investment is a very popular metric because of its versatility and simplicity. That is, if an investment does not have a positive ROI, or if there are other opportunities with a higher ROI, then the investment should be not be undertaken.

Keep in mind that the calculation for return on investment and, therefore the definition, can be modified to suit the situation -it all depends on what you include as returns and costs. The definition of the term in the broadest sense just attempts to measure the profitability of an investment and, as such, there is no one “right” calculation.

For example, a marketer may compare two different products by dividing the gross profit that each product has generated by its respective marketing expenses. A financial analyst, however, may compare the same two products using an entirely different ROI calculation, perhaps by dividing the net income of an investment by the total value of all resources that have been employed to make and sell the product.

This flexibility has a downside, as ROI calculations can be easily manipulated to suit the user’s purposes, and the result can be expressed in many different ways.

When using this metric, make sure you understand what inputs are being used.*

*Investopedia

See also Incentive Rewards