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The ABCs of Compensation Planning: How to Build Better Incentive Plans

Xactly

The planning process can fall victim to many obstacles , so it is important to build a team that is primed to tackle any hurdles and keep key executive and company objectives as the plan focus. First and foremost, your incentive plan must be aligned with your different sales roles. The ABCs of Compensation Planning.

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5 Key Pillars of Effective Sales Performance Management

The Spiff Blog

These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement. Today, we’re exploring the benefits of sales performance management and unpacking each of these five pillars to provide you with actionable steps you can take to supercharge your sales team.

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9 Ways to Get the Most from Sales Video Coaching

Sales and Marketing Management

The benefits of video – in terms of bringing learning to life – are well-known. Sales coaching like this has many documented benefits – from reinforcing training, to culling and promoting best practices, to even positively impacting the bottom line. How would you respond to these common objections?” “How million words.

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Unlock Sales Potential with a Sales Training Strategy

Highspot

Record these sessions for later analysis and provide structured feedback on language use, persuasion techniques, and handling objections. Pre-Launch Preparation Product Knowledge Training: Comprehensive training on the features, benefits, and unique selling points of the new product. Provide constructive feedback to refine messaging.

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Incentives and bonuses aren’t the cure alone: Encouragement, listening and support are free

Mereo

Incentives and bonuses motivate sales professionals for good reason. A CSO can throw all the incentives and bonuses they want at their team to keep their top performers around, but that strategy alone will get costly. Good sales leadership: Speak to salespeople to the tune of incentives and rewards.

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How to Lead a Sales Team: 14 Key Tips to Help New Managers Thrive

Hubspot Sales

Compensation is the most fundamental, powerful incentive for reps to perform. If you want to get the most out of your team, they need to know how they're being compensated — with respect to base salary, commission, and any other financial incentives you might be offering them.

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The Sales Leader's Guide to Performance Management

Hubspot Sales

Having clear, visible goals and incentives builds well-rounded sales professionals. Having a set performance management plan keeps compensation structure and overall business objectives aligned, resulting in a more motivated sales team. Communicate objectives to your team and get their buy-in. Performance-based compensation.

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