How to build a company using the psychology of incentives

Dan Ruch, Rocketrip, B2B, SaaS (software as a service)

Imagine you are the CEO of a large Company and you have employees that need to travel everywhere. You want to make sure they get the lowest prices but you don’t want to micromanage them.

So, how do you use psychology to incentivize them to find the best price? That’s what today’s guest has figured out.

Dan Ruch is the founder of Rocketrip, which gives businesses travelers an estimate of what trips should cost and incentivizes them to get the best price.

Dan Ruch

Rocketrip

Dan Ruch is the founder of Rocketrip, which gives businesses travelers an estimate of what trips should cost and incentivizes them to get the best price.

Andrew: Hey, everyone. My name is Andrew Warner. I’m the founder of Mixergy.com and we’re smiling because before each interview, I put my hand up to the camera so it picks up on my dark complexation. Dan did that too.

Hey, check this out. Imagine you are the CEO or the CFO of a large company and you’ve got employees who need to travel everywhere. One needs to go to New York, the other to Austin, etc. and you want to make sure that they get the lowest prices, but you’re not in the micromanaging business, right? So, how do you use psychology to incentivize them to find the best price for their trip without distracting them from the business they’re going to go do there?

Well, that’s what today’s guest has figured out. He’s come up with a way to incentivize employees to find the best rate for their trips and it helps him, helps his company and helps the employees who are doing it. His name is Dan Ruch. He is the founder...

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