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How to Increase Profit Margin: 5 Strategies for Any Business

Hubspot Sales

Every company has its eyes on its bottom line and, in turn, is mindful of its profit margin — the most definitive metric of how successful your sales efforts are, relative to your expenses. Ways to Increase Profit Margin. If you want to improve your profit margin, you can't go in blind. Focus on customer retention.

Margin 103
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Beyond CRM Podcast: Upselling, Cross-Selling, & Improving Margins

SBI

Beyond CRM Podcast: Upselling, Cross-Selling, & Improving Margins. Salespeople have a lot of information and data thrown their way and CRM doesn’t make it any easier to digest or to act on. Today’s episode is with Brian Hirt, Director of Product Management for Zilliant.

Margin 94
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The Pros and Cons of Different Sales Compensation Plans

Janek Performance Group

The base salary can act as a buffer, allowing salespeople to weather uncertainties while still having the motivation to pursue commission-based opportunities. Gross-Margin or Profit-Based Commission A slightly more complicated plan that considers the true profitability of an organization.

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Building Financial Acumen as a Sales Professional

Janek Performance Group

“I just closed a deal with a 60 percent gross margin!” What’s the net margin? The salesperson looked confused and asked, “Net margin, what’s the difference?” But the net margin is what you take home after taxes.” I’m curious what your net margins are on an average deal?” “On

Margin 62
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Grow Revenue During a Recession by Being Counter-Intuitive

Understanding the Sales Force

Anyone who knows how a company’s economic engine works, knows that if you pay a salesperson $150,000 and they generate $1 million at a 40% margin, the company will get a return of $250,000 on their investment. Only CFOs would see the addition of salespeople as an expense to be cut. What’s not to like?

Revenue 156
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Why Your Sales Team's Tech Tools Should Act as a GPS and Not a Map | Chris Shutts - 1581

Sales Evangelist

If your company can respond faster, your margin will grow. Buyers are becoming very particular in the way they interact with tools. In B2B transactions, people put up with complications. However, that impatience found in B2C transactions are moving into B2B. Technology helps guide the user.

ACT 40
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Why Your Sales Team's Tech Tools Should Act as a GPS and Not a Map | Chris Shutts - 1581

Sales Evangelist

If your company can respond faster, your margin will grow. Buyers are becoming very particular in the way they interact with tools. In B2B transactions, people put up with complications. However, that impatience found in B2C transactions are moving into B2B. Technology helps guide the user.

ACT 40