article thumbnail

Juuust right incentives

Sales and Marketing Management

Author: Tim Houlihan Sales leaders are always trying to figure out how to get the most out of their reps at the lowest cost, and incentives are excellent at revealing that sweet spot. Finding the sweet spot for an incentive is like how Mama Bear’s porridge was juuust right. The best duration of an incentive is no longer than 90 days.

article thumbnail

5 secrets to channel incentive success

Sales and Marketing Management

Author: Ric Neeley Over $7 trillion in products are sold through wholesale distribution channels in the U.S. Distribution channel partners are vital for most companies to get their goods and services to market. companies spend over $17 billion on channel incentive awards each year, according to the Incentive Federation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Juuust right incentives

Sales and Marketing Management

Author: Tim Houlihan Sales leaders are always trying to figure out how to get the most out of their reps at the lowest cost, and incentives are excellent at revealing that sweet spot. Finding the sweet spot for an incentive is like how Mama Bear’s porridge was juuust right. The best duration of an incentive is no longer than 90 days.

article thumbnail

5 Secrets to Channel Incentive Success

Sales and Marketing Management

Author: Ric Neeley Over $7 trillion in products are sold through wholesale distribution channels in the U.S. Distribution channel partners are vital for most companies to get their goods and services to market. companies spend over $17 billion on channel incentive awards each year, according to the Incentive Federation.

article thumbnail

10 Incentive Travel Facts You Can Put To Good Use

Sales and Marketing Management

The Incentive Research Foundation (IRF), a private not-for-profit foundation that focuses its initiatives on pragmatic research highlighting the premise and the power of incentive and motivational programs, issued a list of 10 incentive travel facts to commemorate Global Meetings Industry Day. 38 percent of all U.S.

Travel 205
article thumbnail

Unleashing Profit Potential Through Rebate Automation

Distribution Pricing Journal

The distribution industry traditionally faces low margins in each sale. Most distribution ERP systems have basic functionality for pricing and rebates. Incentive Programs : Incentive programs – from sales contests to customer discounts – can be very effective in driving sales and improving customer satisfaction.

Margin 52
article thumbnail

Leveraging Customer Feedback Loops for Enhanced Understanding of Customer Needs

Act!

You can use various tools like feedback surveys , interviews, focus groups , live chat, and support tickets to collect customer data. Encourage feedback through incentives Since customers don’t always speak up, encourage them to share feedback by offering incentives.