Sales and Marketing Management

JANUARY 27, 2019

Author: Brad Wilsted Note: This is part 3 in a 3-part series on the powerful role sales management plays in driving sustained revenue growth – and how companies can better leverage this critical position for improved top-line performance. Hire the right sales managers.

Sales Management 166

Sales Management Hiring Compensation Incentives 166

Xactly

AUGUST 8, 2018

Successfully motivating and optimizing sales performance can be a challenging task for any business. Sales and Finance leaders typically deal with limited insights, convoluted systems, and employee demands wherever compensation is concerned. Incentive Compensation. CFO Alliance CEO Nick Araco, Jr. Watch Webinar.

Incentives 55

Incentives Incentive Compensation Webinar Metrics 55

Xactly

OCTOBER 29, 2018

For sales organizations, sales performance data can be a useful tool to drive strategic planning and increase performance. . Using a sales performance management (SPM) solution to analyze sales performance data, organizations can gain vital insights into the landscape they operate in.

Data 85

Data Top of Funnel Territories Compensation 85

Xactly

JANUARY 18, 2019

Motivating your sales reps is one of the key factors of sales success. In most sales organizations, the sales commission plan is the best way to do this. Your sales commission plan is a portion of your sales compensation plan. Data is the most important and useful tool for any part of a strategic sales plan.

Commission 81

Commission Incentives Incentive Compensation 81

Crunchbase

JULY 27, 2022

If you own a business, lead a sales team, or are otherwise interested in how best to create a solid sales ecosystem within your organization that is conducive to growth, this article on sales operations (sales ops) is for you. What is sales operations? Sales operations vs. sales enablement.

Sales Operations 52

Sales Operations Company Territories Sales Qualified Lead 52

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. Territory design.

Hiring 70

Hiring Territories Incentives Incentive 70

Hubspot Sales

JULY 22, 2020

Sales always has been, and always will be, about closing the deal. But, sales professionals cannot rely on cold calls and haphazard prospect visits if they want to meet their sales goals and make it into the top 10%. Sales Productivity Tools. HubSpot Sales Platform. Gamifier makes sales performance fun.

Tools 116

Tools Closing Territories Hubspot 116

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%

Quota 70

Quota Revenue Lead Rank Territories 70

Janek Performance Group

MARCH 12, 2024

Many sales professionals often don’t receive the crucial tools needed for success right away. This may end up contributing to a lack of direction and belonging many sales professionals experience, and ultimately may negatively impact performance. While you’re at it, assess your other sales team members.

Hiring 62

Hiring Sales Talent Compensation Lead Rank 62

SBI Growth

MARCH 31, 2013

It's a critical time of year for sales compensation. Starting now, sales leaders and HR business partners are getting the first direct feedback. Here are just a few: Direction - Sales reps may be focused on the wrong activities. Is the entire sale organization at risk of not Making the Number for the full year?

Compensation 293

Compensation Incentives Incentive Buyer Persona 293

Bigtincan

SEPTEMBER 15, 2021

Working in or leading medical device sales teams is not for the faint of heart. Here are 7 medical device sales tips that help top reps stand apart from their competition. .” – Bear Bryant, Legendary head coach, University of Alabama. . Sales territories and incentives restructuring. The key to success?

Hiring 105

Hiring Territories Networking Microsoft 105

OpenSymmetry

FEBRUARY 10, 2016

In the first scenario, the eager software sales rep wants to expedite the project start and does not want to introduce any delays in their sales pipeline. They are thinking about a potential 6-12 month delay in the sales pipeline, then delayed recognition of the software sale before the project can get underway.

Incentives 40

Incentives Incentive Compensation Territories 40

Hubspot Sales

OCTOBER 2, 2019

As a sales leader, your ability to develop and retain your sales reps is important to your company’s bottom line and future success. Employee retention in the sales field continues to be an issue. In 2018, the average sales professional tenure was reported to be 1.5 Why Sales Performance Management Matters.

SAP 127

SAP Oracle Compensation Territories 127

SBI Growth

FEBRUARY 28, 2013

Every Sales VP wants to know what their competitors are doing. Knowing how your competitors are enabling their sales force can provide an advantage. But most Sales VPs like you don’t know how to do it. This peer group is typically made up of 30-40 companies. For example: “Describe for me your sales process?”

Outsourcing Services 300

Outsourcing Services Ideal Customer Profile Territories Compensation 300

SBI Growth

NOVEMBER 17, 2013

Listen up Chief Sales Officer. It’s time that Sales Operations gets your undivided attention. Download the Leaders Guide to Sales Ops Enablement by clicking here. Download the Leaders Guide to Sales Ops Enablement by clicking here. There are multiple reasons why Sales Ops needs your attention now.

Company 296

Company Hiring Buyer Persona Maximizer 296

SBI Growth

JANUARY 5, 2014

Each recommendation addresses the biggest obstacles every sales manager faces to making the number: Not enough ‘A’ players on the team. Every sales manager is time starved. Sales Managers should be spending 75% of their time coaching their team. POST-SALES SUPPORT. Let customer service or post-sales support handle this.

Sales Management 310

Sales Management Face-to-face Decision Maker Travel 310

Zoominfo

MAY 13, 2018

It’s common knowledge that working in sales is hard. Yet—what most people don’t understand is the extent to which sales pressure can negatively impact an organization. In today’s post we explain the effects of sales pressure and provide ways to mitigate this stress productively. ” ( source ). ” ( source ).

Hiring 258

Hiring Sales Qualified Lead Lead Rank Lead Scoring 258

SBI Growth

OCTOBER 21, 2013

Sales Operations is responsible for creating that winning environment. By signing up for the tour , you’ll receive the " Performance Culture Assessment " tool. The following insights are a primer for this in depth conversation. 80% of its sales team was outside sales reps. Incentive Programs.

Hiring 293

Hiring Ideal Customer Profile Margin Face-to-face 293

InsideSales.com

JULY 1, 2020

In times of high productivity, you may turn your focus to KPI’s to manage and monitor the flow of sales through your business. However, even in times of growth, it remains an important key factor of all businesses to keep strategizing for the potential growth of sales revenue. How is your top sales-people performing?

Revenue 58

Revenue Strategy Territories Forecasting 58

SBI Growth

SEPTEMBER 23, 2013

Your Sales Strategy. It is one thing to have a sales strategy. VPs of Sales are asking the question “What have I done before?”. VPs of Sales are asking questions like: Is our Sales Process good enough? Are my Sales Managers good enough? Do This— Start with a Sales Strategy Blueprint. This is flawed.

Compensation 325

Compensation Social Media Incentives Incentive 325

SBI Growth

SEPTEMBER 20, 2012

As the leader of sales operations, I am sure you are working on: Updating CRM systems with new product information. Revising or building a new sales process to enable sales reps. Modifying sales reports and dashboards to enable sales managers to track new product sales. Focus on new product sales.

Compensation 244

Compensation Incentives Incentive Penetration 244

LeadFuze

JULY 5, 2023

Understanding how to motivate your sales team is crucial for any business aiming to increase market share and achieve its sales goals. A motivated sales team can drive revenue, foster customer relationships, and contribute significantly towards the company’s mission. But what motivates sales teams?

Motivation 52

Motivation Strategy Incentives Incentive 52

SBI Growth

OCTOBER 29, 2012

This post will help you test a redesigned sales compensation plan to ensure cultural fit. Plus, you’ll find advice on compatibility with other sales effectiveness drivers. Let’s suppose HR is fully engaged for redesign of a 2013 Sales Compensation plan. But wait – this new incentive compensation plan could flop.

Compensation 253

Compensation Hiring Incentives Incentive 253

SBI Growth

OCTOBER 24, 2013

A post for Sales and HR Leaders to find root causes of Sales Manager (SM) vacancies. The Sales Manager position is the fulcrum between sales leadership strategy and sales force execution. Teams without effective sales managers lack morale and discipline. Weak sales strategy. Poor territory.

Hiring 292

Hiring Positioning Sales Management Compensation 292

SBI

JULY 24, 2018

Sales reps love their CRM. In fact, who doesn’t love a good forecast session with their sales manager? Not only that, sales reps see tremendous value in the information reported back to them from the CRM. Sales reps do not love their CRM and see little value in it. IT HASN’T AUTOMATED THE SALES PROCESS, SO WHAT?

CRM 95

CRM SAP Forecasting Incentives 95

Apptivo

MARCH 9, 2023

3 Ways sales automation can help your reps sell more! Bye-bye manual tasks, hello sales automation! Omar Periu said- “Sales success comes after you stretch yourself past your limits on a daily basis.” However, at times no matter how long one stretches, sales tasks eat up a lot of productive hours.

Sales Automation 64

Sales Automation Lead Rank Lead Scoring Campaigns 64

Hubspot Sales

APRIL 24, 2019

Compensation is an important factor in attracting and retaining employees, especially in sales. Imagine if almost half of your sales team left the company because of a poorly designed compensation plan. Luckily, I've compiled some resources for you to determine the best sales commission structure for your sales team or yourself.

Commission 129

Commission Salary Compensation Territories 129

Xactly

DECEMBER 3, 2018

This blog is the third in a series of sales planning fundamentals written by Xactly Chief Sales Officer Marc Gemassmer. If you’re in sales, this also means that you’re probably in the midst of planning season. In today’s day and age, sales planning must be data-driven, automated, and collaborative.

Quota 77

Quota Territories Incentives Incentive 77

The Spiff Blog

JUNE 9, 2022

Sales turnover is a major expense. 2X their base salary, and that’s without factoring in lost revenue from reduced sales capacity while you recruit, onboard, and ramp new hires ( source ). fact, the average annual turnover rate in B2B sales is now 35% ( source ). Changes in a sales rep’s attitude.

Hiring 75

Hiring Commission Compensation Incentives 75

The Spiff Blog

OCTOBER 6, 2022

That’s all it takes for a sales rep to jump ship and take their skills elsewhere. Maybe your company is a start-up working in the customer acquisition phase and pounding the pavement hard. But remember that while the execs are driven by revenue and low customer churn, your sales reps are driven by their incentive compensation plans.

Commission 75

Commission Compensation Churn Incentives 75

The Spiff Blog

MAY 18, 2023

For decades, perhaps longer, organizations of all sizes have struggled to effectively manage sales commission. In today’s blog post, we’re going to get to the bottom of this phenomenon and answer the following questions: Why has sales commission been such a persistent problem?

Commission 73

Commission Scale Compensation Hiring 73

Hubspot Sales

SEPTEMBER 8, 2020

When you look at sales statistics , you see that the CRM has already made a lasting impact on many organizations. In fact, the CRM is one of the most popular sales tools today (among social prospecting, data and list services, email engagement, phone, and sales cadence tools). Ask reps and sales teams to test different CRMs.

Software 129

Software Software CRM Hiring 129

Xactly

OCTOBER 3, 2018

In all honestly, managing sales reps can be a challenge. Sales reps may share one common goal—closing deals—but managers need to understand different personalities, adapt to unique learning styles, and provide the tools each rep needs to hit (and ideally, exceed) their quotas. The best sales teams are led by the best sales managers.

Top of Funnel 67

Top of Funnel Incentives Incentive Compensation 67

Pipeliner

JUNE 10, 2022

One of the worst things you can do for a sales call is go into it unprepared. They can tell when you’ve wandered into unknown territory. Preparing for a sales call beforehand will get you there. This article will discuss 14 tips for setting yourself up for a successful sales call. Identify Sales Call Boundaries.

Sales Qualified Lead 97

Sales Qualified Lead Objections Follow-up Decision Maker 97

Xactly

NOVEMBER 29, 2018

An integral piece in your sales performance management process is developing a compensation plan that is data-based and results-driven. In order to create a plan that delivers at every level, you need to make sure your sales and finance teams are united and provided the tools they need. View Webinar.

Compensation 80

Compensation Territories Hiring Incentives 80

Sales Hacker

MAY 9, 2019

A great sales compensation plan needs to accomplish quite a lot. And of course, a strong sales comp plan needs to motivate reps to hit goals that grow the company while still maintaining a profit margin. The Process for Creating a Sales Compensation Plan. Know what to Include in a Sales Incentive Plan.

Face-to-face 102

Face-to-face Compensation Commission Lead Rank 102

LeadFuze

NOVEMBER 30, 2021

How to Utilize Sales Operations Roles in Startups. If you’ve ever wondered why your head of sales is struggling to give an accurate forecast, or if the new reps that were brought in from a high flying SaaS company aren’t selling already, then it might be time for you to start managing operations roles in startups. Sales enablement.

Sales Operations 52

Sales Operations Lead Rank Hiring Forecasting 52