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Group travel is down, but not out

Sales and Marketing Management

Author: Paul Nolan According to an April survey by the Incentive Research Foundation, the top concern about participating in work or reward-related travel was the threat of an epidemic/pandemic at 33%, followed closely by severe weather at 29%. Incentives interrupted. This begs the question, what’s up with the weather scaredy-cats ?

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6 steps to adapt effectively

Sales and Marketing Management

McKinsey & Company offers these steps for B2B sellers to pivot effectively. Optimize your e-commerce channel to give buyers ease and convenience, and make sure all your sales channels are integrated and incented to collaborate with each other. Click on any of the articles below to read more from our special report.

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Leveraging Customer Feedback Loops for Enhanced Understanding of Customer Needs

Act!

In this article, we’ll describe the different stages of these customer feedback loops and show you how to create one for your business. Encourage feedback through incentives Since customers don’t always speak up, encourage them to share feedback by offering incentives. What is a customer feedback loop and why is it important?

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How to Build – and Maintain – a Healthy Channel Ecosystem

Allbound

You, your team, your channel partners and customers are all pivotal parts of your ecosystem; there’s a symbiotic relationship between each. Utilize incentive programs like SPIFs and MDFs. To learn more about which KPIs you may be missing, check out our articles about partner activation percentage s and content engagement averages.

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How to Develop a Winning Sales Compensation Philosophy

The Spiff Blog

How you pay sales reps depends on the way you design your comp program, what metrics relate to what incentives, and so on— all the details we’ve covered in many past articles about comp plan design. Finance Leaders – This team plays pivotal roles in crafting the technical aspects of compensation plans.

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How to Inspire Your Reps Like Never Before — Even After Cancelling the President’s Club Trip

Sales Hacker

Between rushing to save deals, pivoting products, and adjusting messaging , these last couple of months have been a whirlwind for sales teams. And as the dust has begun to settle, that annual trip to Hawaii — or any President’s Club incentive trip — is out of the question. What Not to Do. Let’s look at why. Postponing.

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6 Red Flags that Might Mean Your Best Sales Rep is About to Quit

The Spiff Blog

Uncertainty in the market requires organizations to be agile and prepared to pivot and adapt quickly. If a rep is already planning to be gone by then, there’s no incentive to dive into time-intensive sales activities. This issue isn’t going away, either.In fact, the average annual turnover rate in B2B sales is now 35% ( source ).

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