Remove Distribution Remove Incentives Remove Motivation Remove Sales Management
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Incentive Program FAQs

Sales and Marketing Management

For example, what caused pain points at the end of the program: reps changing territories mid-program, sales that were booked but not invoiced, clients who made verbal commitments but didn’t sign contracts, field sales managers that vouched for sales that didn’t get logged into the system on time, etc.?

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Five Ways Leading Distribution Sales Reps Use Data to Meet Their Goals

Sales Management Plus -- SMP

Distribution sales teams are under a lot of pressure to produce results. Sales managers can use data to help them make informed decisions about how to lead their sales teams. In this blog post, we will discuss some ways that sales managers can use data to improve their sales performance.

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6 Steps to Setting Up The Perfect Remote Sales Contest

Sales Hacker

If you’re managing a remote team, now is not the time to sell your sales contests short. Why Sales Contests? Sales contests are a tried-and-true tool in most sales managers’ arsenals and for good reason. If you want to run the perfect sales contest, you’ll need to set specific, measurable goals.

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4 Reasons to Automate Your Sales Commission Process

The Spiff Blog

The sales commission process plays an important role in motivating sales teams and therefore drives top line revenue growth— arguably the most important metric organizations track. The use of sales commission software ensures access to real-time commission data for sales reps, leaders, and executives.

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Wells Fargo: The True Cost of “Unchecked Incentives”

OpenSymmetry

Though these are not necessarily uncommon practices in many sales organizations, Wells Fargo is being accused of taking things a step further by using these tactics to drive salespeople to reach unrealistic sales goals or face termination. What kind of behavior do current incentive compensation plans promote?

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4 ways to use sales gamification in your sales process

PandaDoc

Key takeaways Sales gamification can improve performance by drawing attention to specific metrics, sales targets, and KPIs. Employee engagement increases when the incentives are worth the effort required to do well. Manage your sales activities twice as fast Increase your close rate by 36% wuth PandaDoc.

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What is Pay Mix in Sales Compensation?

Xactly

Pay mix is the ratio of base salary to target incentives that make up On-Target Earnings (OTE). For example, a 60/40 pay mix means that 60% of OTE is fixed base salary, and 40% of OTE is Target Incentive (TI), or variable pay. With half of their earnings being variable, reps are still motivated enough to go out and sell.