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The Psychology Behind Unexpected Rewards

Sales and Marketing Management

Scientific studies show that unexpected incentive rewards stimulate areas of the brain connected to behavior development and learning. Let’s take a closer look into the psychology behind the element of surprise and how it can be used as part of a larger sales incentive strategy. Defining the unexpected reward.

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The Sales Funnel Defined With Examples

SalesLoft

Today, we’ll review an example of a sales funnel, its stages, and how to optimize your funnel with Salesloft’s engagement capabilities. Before diving into our example, let’s dress down the different stages of a sales funnel and its functions. Sales Funnel Example. Let’s review how the sales funnel works with a short example.

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The Beginner’s Guide to Referral Marketing

Zoominfo

There are more answers to that question than ever before, thanks to the variety of tools and channels at a modern marketer’s disposal. A comprehensive referral marketing program treats referrals like any other marketing channel— which means it includes strategic preparation, targeted decision-making, analysis, and iteration.

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The Perfect Sales Pitch: Examples, Templates, and Best Practices 

Highspot

Choose the right channel. That said, don’t stress over this stage too much; if you don’t get a response from one channel, it’s totally acceptable to try again via another one. Regardless of channel, there are three main components to every pitch. Think about what value your product creates for your buyer.

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5 Ways to Leverage Word-of-Mouth Marketing in a Digital Age

Zoominfo

Word-of-mouth marketing, on the other hand, refers to marketing initiatives that actively influence and encourage word-of-mouth discussions about your brand, company, or products. Social currency: As a business concept, social currency refers to the perceived value of a brand or product based on the level of conversation surrounding it.

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How to create an effective sales plan: Tips and examples

PandaDoc

The plan also outlines the sales channels that will be used to reach these customers — such as online marketplaces, social media, or brick-and-mortar stores. This plan includes specific tactics for each channel, including promotional campaigns and pricing strategies that are tailored to the target customer segments.

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How to Motivate Employees in Tough Times

The Spiff Blog

Real World Examples of How to Motivate Employees During Tough Times Let’s look at an example of how motivation and reward go hand in hand. A call center uses a referral program to incentivize employees to refer their personal connections for open positions. Let’s get into it! Super motivating right?