article thumbnail

The power of incentive programs lies in their structure

Sales and Marketing Management

Author: Tim Houlihan The best incentives have open budgets, meaning anyone who qualifies can win. Here are a few incentive structures to consider for open budgets : Do This Get That – Rewarding reps on every increment of units, sales dollars or gross margin dollars they write up during the incentive period is a great way to increase sales.

article thumbnail

How to Maximize CRM Return on Investment

Pipeline

This blog will answer this question along with some other topics about CRM ROI, namely how to calculate the ROI, some basic sales and marketing KPIs to consider, and three effective ways to maximize your CRM return. How Much Can a CRM Increase Revenue? Allow your sales team to focus on their most valuable tasks and 10x sales revenue.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Sales Tech Simplified: How to Turn Relationships Into Revenues with @ModelN

SBI

This week I interview Russ Chadinha , Senior Director Product Marketing of Model N Revenue Cloud. For Sales teams, Model N solutions streamline the Quote to Cash process with smart selling solutions like CPQ and Contract Lifecycle Management, designed to shorten sales cycles and maximize deal value. We call it Sales Tech Simplified.

Revenue 131
article thumbnail

16 Sales Incentives to Keep Your Team Engaged and Motivated

Xactly

Whether you’re encouraging reps to close out the quarter or year strong, or kicking off the start of a new fiscal year, keeping reps engaged is key to achieving goals and hitting revenue numbers. Sales incentives are a great way to motivate your team and keep morale high. Getting SPIFs Right as Sales Incentives.

article thumbnail

Game the Plan – With Chris Cabrera

The Pipeline

Almost everyone in sales will tell you that incentives drive behaviour, but beyond that there is often little agreement among the pundits as to what the right incentive plan is. One aspect of the incentive where the pendulum of opinion swings back and forth is between simplicity and complexity of a plan.

article thumbnail

On Driving Performance

Partners in Excellence

As leaders, a key element of our job is to maximize the performance of each person on our team. We try to develop compensation plans that incent people to achieve those goals. Often, it’s very simple, some sort of compensation based on revenue, or possibly quota attainment. And then we get to compensation.

article thumbnail

5 Sales Quota Setting Methodologies Proven to Generate Revenue

The Spiff Blog

Quota planning impacts nearly every aspect of a business’s GTM motion and revenue function. Rather than hold reps to a revenue target, a task-based approach requires reps to complete a specific number of sales activities in a given time frame. When done well, this process is proven to maximize return on sales resources.

Quota 70