The Spiff Blog

SEPTEMBER 22, 2022

A volatile market and economic downturn make it tough to effectively plan— tough, but not impossible. 2022 has seen an interesting mix of market conditions. As we start planning for 2023, the only thing we’re certain of is that we’re in rocky territory– some organizations more precariously positioned than others.

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Groups Conversion Commission Lead Rank 67

The Spiff Blog

OCTOBER 6, 2022

Perhaps you’re an 8-year-old business focusing on retention– or maybe you’re finally in a phase of sustainable growth. But remember that while the execs are driven by revenue and low customer churn, your sales reps are driven by their incentive compensation plans. Does this include all territories and teams, or just a portion of them?

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Crunchbase

JULY 27, 2022

To be effective in these endeavors, sales ops must collect and evaluate internal sales team and product performance data as well as external market data and sales intelligence on competitor performance. Performance and incentive program management. Parsing out territories. Setting sales strategy. Sales team structure.

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SBI Growth

SEPTEMBER 23, 2013

Market conditions 12 months ago were very different. Why This Matters— The size of your addressable market has shifted. Phase 2 - Develop Go To Market Plan - Many sales VPs don’t know the best route to market. Why This Matters- The optimal routes to market have changed. You start building from that point.

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Compensation Social Media Incentives Incentive 325

Xactly

OCTOBER 3, 2018

Consider your sales incentive plan –it works in the same way. Download our "Ultimate Guide to Sales Compensation Planning" for incentive best practices and everything you need for a sales comp plan design project. A little can go a long way with incentives. Sales territories lay the foundation for a successful sales plan.

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Top of Funnel Incentives Incentive Compensation 67

Hubspot Sales

OCTOBER 2, 2019

Employee retention in the sales field continues to be an issue. Having clear, visible goals and incentives builds well-rounded sales professionals. Sales incentive compensation management - Tools to fairly and accurately pay your reps based on performance against their goals. years , down by half from 2010. Image Source: SAP.

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Growbots

SEPTEMBER 19, 2018

Building a retention strategy that hits some of these key pain points can help ensure that you are retaining your best salesperson. Most salespeople are driven by financial incentives. Changing your compensation structure or rezoning your territories should only be done with extreme caution. It’s not just about the money though.

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Compensation Salary Incentives Incentive 55

Xactly

OCTOBER 8, 2018

If territories aren’t balanced , you could be missing potential sales opportunities. Download our "Ultimate Guide to Sales Compensation Planning" for incentive best practices and everything you need for a sales comp plan design project. As a sales leader, I look to product management to help me identify the market opportunity.

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Partners in Excellence

JANUARY 17, 2014

As is usual this time of year, I’ve been involved in lots of discussions of incentive and commission plans–both last quarter as people plan for the new year, and now as these plans are being introduced at Sales Kick Off Meetings. and the lists go on and on.

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Sales Hacker

MAY 26, 2021

The focus is on things like reporting, territory management and later stage tasks such as contract negotiations and finance approvals. If you love seeing results and helping sales teams get paid, focusing on performance and sales incentives is up your alley. Sales ops takes a high-level view of the sales organization.

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Sales Operations Top of Funnel Lead Rank Hiring 60

Hubspot Sales

OCTOBER 16, 2017

Increase retention rate. They get the security of a steady income with the economic incentive to sell. On the other hand, this structure doesn’t take into account market penetration or quantity of opportunities. That usually boosts retention. Many subscription companies use clawbacks to keep customer retention high.

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Compensation Hiring Salary Commission 132

Hubspot Sales

MARCH 21, 2019

This quote, from marketing guru Seth Godin, sums up the importance of good data in making better decisions. And sales leaders use these metrics to track progress toward goals, make decisions and plans, adjust compensation, award bonuses and incentives, and identify issues before they become large problems. Comparing values (e.g.,

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Partners in Excellence

JUNE 5, 2019

We have to attract and engage prospects/customers, we have to help them buy, we have to support them and assure they create value, we have to grow our share of customer and territory. I took over a territory from a sales person, the customer discontinued something the sales person had sold them.

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Top of Funnel Funnel Lead Rank Commission 94

Chorus.ai

MARCH 24, 2021

The Sales Growth Formula You can calculate your sales growth rate and find out whether you’re in positive or negative sales growth territory using this growth rate formula: In this formula, “y” is the net sales from your current period (i.e., Not bad at all, especially given the difficulties of the market. last year).

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Buyer Persona Top of Funnel Lead Rank Discount 62

The Spiff Blog

JULY 14, 2022

For starters, pay secrecy disproportionately hinders women and minority groups in securing market rates, leading to significant wage gaps ( source ). Pay transparency forces organizations to look critically at salaries and ensure they reflect current market rates, as well as value added to the business. Clear, accessible documentation.

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Salary Compensation Hiring Commission 73

Chorus.ai

MARCH 5, 2021

It eschews automated data handling and keeps approaches to sales and marketing separate. Your personas, taken together, form your target market. By the end of a successful persona build, you should have a very clear picture of your ideal customer(s): their ages, lifestyle attributes, territories, and pain points.

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Top of Funnel Webinar Metrics Strategy Buyer Persona 113

Your Sales Management Guru

AUGUST 10, 2016

First, let me state their market was highly focused, sophisticated but considerably large, and they were not the major player. But before I detail their actions, the three things they did not do were: Add more VAR’s into territories creating too much competition. Constantly invent new sales or partner incentive programs.

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Channels Lead Rank Lead Scoring Strategy 40

Close.io

FEBRUARY 24, 2020

Sales enablement also bridges the gap between sales and marketing to create a smoother experience for both the team and the customers. Sales enablement talks to all teams, including sales, marketing, product, and executives. Sales enablement vs. sales operations: what’s the difference? 5 key components of sales enablement.

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Sales Enablement Top of Funnel Hiring Face-to-face 85

Hubspot Sales

OCTOBER 20, 2021

Overpopulating Territories. That means more room for error — particularly when it comes to misallocating staff or accidentally overpopulating your existing territories. Well, you start by looking at three key factors: A territory's potential, its existing accounts, and your reps' broader workload. Not Aligning With Marketing.

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Scale Hiring Compensation Territories 128

SBI

NOVEMBER 7, 2019

Seismic , the market leader for sales enablement platforms, today announced the acquisition of Percolate, a leading marketing campaign orchestration and content management platform. Due to rapid changes in buyer behavior and expectations, non-personalized content is now an unacceptable marketing practice.

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Top of Funnel Ideal Customer Profile Webinar Metrics Customer 52

Bigtincan

SEPTEMBER 8, 2021

It also includes how training materials are created and managed, training format (online vs. in-person), training incentives, and anything else related to training and training materials. According to some reports, two thirds of the marketing material created for the sales team never even gets used, so the time savings can be significant.

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