The Spiff Blog

SEPTEMBER 1, 2022

If you’ve worked in sales, revenue operations, or finance for any amount of time, I don’t have to tell you how important sales compensation is. You already know the right sales compensation plan can motivate your team, improve their performance, and boost overall job satisfaction. Current Sales Compensation Benchmarks.

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The Spiff Blog

AUGUST 4, 2022

The quick fixes and long term solutions you need to fix your broken sales compensation processes. If you’ve worked in RevOps or Finance for any amount of time, you already know traditional sales compensation processes are broken. Most companies get sales compensation wrong. After all, you’ll always have sales reps to pay.

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Mr. Inside Sales

JUNE 6, 2020

What’s the biggest mistake sales reps make with prospecting or cold calling? They call with what a client of mine once called, “commission breath.”. You know, that desperation sales people have when they finally get someone on the phone. Stop practicing poor sales skills and commit to getting better on each call.

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The Spiff Blog

JANUARY 19, 2023

It goes, “The only consistent aspect of sales commission is change.” Over the past four years, I’ve talked to hundreds, maybe even thousands, of people about sales compensation. Compensation changes and changes to commission plans can happen for a number of different reasons. Do they feel heard?

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The Spiff Blog

OCTOBER 19, 2023

Believe it or not, the new year is right around the corner– and that means it’s time to plan your sales compensation strategy for 2024. But, in this era of constantly shifting market conditions, it can be difficult to know what changes will best set your sales organization on the path towards success. Don’t worry, we’re here to help!

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The Spiff Blog

DECEMBER 8, 2022

The variable component of success between great historic leaders and sales managers is exactly the same, and that variable is motivation. In relation to sales, let’s quickly walk through the transformation we assume most reps will undergo as they are promoted and attempt to become successful managers. Switching the Context of Success.

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The Spiff Blog

NOVEMBER 22, 2022

If you’re currently creating sales comp plans for the new year and are struggling to come up with compensation plans for your sales engineers, you’re not alone. The best sales engineers are technically-minded like an engineer, forward-thinking like a product manager, and have the selling chops of an AE.

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The Spiff Blog

JANUARY 12, 2022

If you’ve worked in sales or compensation for any amount of time, you already know that money alone can’t fix most things. And, how psychology helps sales leaders build teams that reach their true potential. Applying this Model to Your Sales Compensation Strategy. Check it out here: The Psychology of Sales Compensation [eBook].

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OpenSymmetry

DECEMBER 6, 2016

When you offer people variable pay – like commissions – you’re engaging in a trust exercise. Sometimes, it’ll vary in a way that brings a smile to your sales reps’ faces – like when the number’s particularly high. If they’re all engaged in shadow accounting, you’re losing the equivalent of one sales rep a year.

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OpenSymmetry

FEBRUARY 15, 2017

As a sales compensation consultant at OpenSymmetry , I have heard countless horror stories, like the scenario above, about payment timing. This client paid its salespeople when deals were booked, rather than when the order was paid out – a highly motivating but highly risky pay structure. Sales rep turnover and clawback policies.

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The Spiff Blog

AUGUST 19, 2022

Developing an effective sales compensation plan requires a lot of brain power. It makes sense to focus on behaviors you’d like to incentivize, or pulling certain levers to impact other components of your sales engine. Document your current sales compensation processes. Let’s dive in! It might look something like this: 2.

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Smooth Sale

SEPTEMBER 26, 2023

Our guest blog article by David Mandell explores ten tips to help average-wage-earning Americans reach their financial goals and prepare for a comfortable retirement. Create a Budget A well-structured budget is the foundation of sound financial planning. Today’s insights are provided to help you achieve the Smooth Sale!

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The Spiff Blog

OCTOBER 28, 2022

New research from Gartner has revealed a startling truth– almost 90% of B2B sales reps are experiencing burnout ( source ). Although it’s no secret that sales is a high-stress job, uncertain market conditions have only amplified the pressure to perform. We answer these questions and more in today’s blog post.

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A Sales Guy

JULY 23, 2014

Note: This blog post is an excerpt from my new book: “Creating High Performance Sales Compensation Plans”. Some pay commission based on sales, while others only pay on margin; still others blend both with incentives and special bonus plans. Are your sales goals orders- or bookings-based?

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The Spiff Blog

FEBRUARY 24, 2022

But, unless real transparency, visibility, and clarity are intentionally baked into every function of your revenue engine, your sales team is essentially operating in a black box. This is especially risky in sales, where disconnected data can have serious repercussions on your pipeline and revenue. What is data-driven sales?

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The Spiff Blog

AUGUST 22, 2023

After all, RevOps teams play an active role in supporting every function that drives revenue growth, from sales to marketing to finance to customer success. Whether you’re feeling that pressure right now, or simply want to prepare for future down swings, today’s blog post is for you. Efficient communication channels.

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Understanding the Sales Force

SEPTEMBER 8, 2014

Understanding the Sales Force by Dave Kurlan. We want you to be part of our next White Paper on Sales Force Effectiveness. Would you kindly take no more than 5 minutes to answer some questions about the sales force at your company? Hubspot''s Sales Blog published this post with some professional follow-up email templates.

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Your Sales Management Guru

NOVEMBER 28, 2017

Align Sales Compensation with Your Goals A compensation plan that works. Note: This week’s blog is an excerpt from my new book: “Creating High Performance Sales Compensation Plans”. Some pay commission based on sales, while others only pay on margin; still others blend both with incentives and special bonus plans.

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Mr. Inside Sales

JUNE 23, 2019

I received this question from a reader of my blog last week: “Mike, I have a question for you. This is a good question and many sales reps are wondering the same thing: With so many ways of being contacted, why is it harder to reach them? Nobody likes hearing from a salesperson who has “commission breath” as a manager once told me.

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SBI Growth

OCTOBER 11, 2012

Sales teams are getting their 2013 numbers. For the Sales Leaders who learned how to set quotas at the SBI Make the Number tour ( register now! ), the results will be quite different. 2013 results will uncover some long-hidden flaws in the sales force. This blog is NOT about how to correctly set your sales quotas.

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Vengreso

MARCH 22, 2022

The success of your business depends on the success of your sales hiring process. But, you need to focus on the perfect hiring profile and teach your sales managers how to nail it from the beginning. . We will teach you all about sales hiring: what it is, what it isn’t, and how to get it done. When to Hire a Salesperson.

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Vengreso

MARCH 22, 2022

The success of your business depends on the success of your sales hiring process. But, you need to focus on the perfect hiring profile and teach your sales managers how to nail it from the beginning. . We will teach you all about sales hiring: what it is, what it isn’t, and how to get it done. When to Hire a Salesperson.

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Nutshell

JANUARY 14, 2020

The SaaS industry has different selling techniques , key metrics , and sales process activities compared to the ones you’d encouter while selling a tangible physical product or a more traditional service like a marketing consultation package. By the end, you should have a clear roadmap for reaching your or your company’s sales goals.

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Jeffrey Gitomer

MARCH 8, 2013

elements to build and grow a stellar sales team: 1. Structure a fair compensation package that is commission based The more they sell, the more they earn. People get into sales because it’s got the potential for great financial rewards. Reward sales with money. Nothing happens until a sale is made.

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LeadFuze

NOVEMBER 30, 2021

Sales leaders are responsible for the success of a company. Marketing provides necessary resources, while sales is crucial to capturing valuable turf. Recruit, Organize, and Segment Your B2B Inbound Sales Team. He states with his first group of employees he made a mistake by constantly testing pay structure among other things.

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CloserIQ

MARCH 1, 2019

It happens at every sales job interview. This part of the sales job interview isn’t just a formality, and it’s certainly not a chance for you to just coast. Your goal: to establish yourself as a serious sales professional who has the drive and intellectual curiosity to succeed. And top sales performers learn from observing.

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Pipeliner

DECEMBER 20, 2017

Note: This blog is an excerpt from my new book Creating High Performance Sales Compensation Plans. Some pay commission based on sales, while others only pay on margin; still others blend both with incentives and special bonus plans. Are your sales goals orders- or bookings-based? Understanding Cost of Sales.

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CloserIQ

OCTOBER 23, 2018

There are many possible compensation structures for sales jobs : straight salary, salary plus commission, commission only, draw against commission, revenue-based compensation, and several others. Some sales representatives appreciate the security of a base salary, while others are driven by higher commission rates.

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OpenSymmetry

AUGUST 17, 2017

Part 1 of a 2-part blog looks at the new ASC 606 ruling. For those in sales compensation or sales ops roles, this change may have huge impacts on the structure of your sales compensation rule configuration to account for new components or assessment logic in certain scenarios. Why the Need for this New Regulation?

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Xactly

SEPTEMBER 27, 2018

In this piece, she reflects on the importance of diversity in the workplace, and taking data from the Xactly Insights data-driven platform, how diversity impacts the success of sales teams. The same is true for sales team structure. In 2016, only 32% of sales reps met or exceeded sales quota, according to Xactly Insights data.

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The Spiff Blog

FEBRUARY 9, 2023

But one thing sales and RevOps leaders all have in common is that they collectively struggle to set realistic, motivating sales quotas. If quota setting is critical to forecasting, goal setting, and sales capacity planning , how is it that so many organizations still miss the mark? In fact, with only 24.3%

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Your Sales Management Guru

NOVEMBER 16, 2012

This guest post is written by Derek Singleton of Software Advice , an online resource that report on technologies, topics and trends in B2B sales and marketing. Marketing and Sales have long been at odds over whether it’s better to generate a large volume of leads or if it’s better to generate fewer, higher quality leads.

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Your Sales Management Guru

OCTOBER 7, 2014

Creating a Sales Compensation Plans. Some pay commission based on sales, while others only pay on margin; still others blend both with incentives and special bonus plans. Your sales management team must understand your company’s overall goals and structure compensation to align with them. Sizing It Up.

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OpenSymmetry

MARCH 13, 2017

Does great sales culture just happen on its own? Or can great teams be shaped (or destroyed) by factors such as the commissions structure? According to the latest research from WorldatWork, the recent economic upswing has created more aggressive sales strategies , which in turn could affect sales culture. .

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Xactly

JUNE 27, 2018

Sales compensation plan can be a complex process. Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. Time in sales compensation: 4 years. How were our Sales team compensated?

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Sales Training Connection

JANUARY 23, 2013

Sales Force Design. Booz & Co published a particularly insightful article on a particularly important topic – Sales Force Design: Assessing Stark Choices and Getting it Right. The discussion is organized around two fundamental questions – How many sales forces are needed? and What is the optimal structure?

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Xactly

JANUARY 17, 2019

A strategic sales plan is a portfolio of ideas, processes, and technology that guides a sales organization’s strategy and provides the resources and tactics for reaching sales goals. With goals in hand, sales leadership must then assess and determine the needs and means to achieve those goals. Technology investments.

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