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Incentives and Rewards: A Closer Look

Sales and Marketing Management

In short, more precision is better for rewards used with incentives, while less precision is better for rewards used with recognition. Incentives. Good incentives rely on high degrees of precision to generate motivation. This powerful device is optimal for the above-and-beyond incentives that are outside the commission plan.

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10 Ways To Boost Your Sales Incentive Strategy

Sales and Marketing Management

Author: George Kriza, CEO, MTCPerformance Your organization wants to drive sales with an incentive program. Here are 10 of the most important elements in designing and deploying your next incentive campaign. Here are 10 of the most important elements in designing and deploying your next incentive campaign. Gen X, Y or Boomer?

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Re-energizing sales efforts in a virtual world

Sales and Marketing Management

As you plan for next year, consider implementing a sales incentive program or series of “just in time” contests to keep team engagement and interest high. Not all sales incentive programs are the same. But, keep in mind, the best sales incentive programs are the ones designed with the end in mind.

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All you need to know about sales incentives

Salesmate

One such practice is that of providing sales incentives to the salespeople. What are sales incentives? Call it what you will, incentives are what get people to work harder.” – Nikita Khrushchev . In simple terms, sales incentives are something that motivates your team to wake up in the morning and get to work.

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How All Those Trucks on the Road Can Help You Stop Discounting

Understanding the Sales Force

We've been doing a lot of traveling this summer to baseball tournaments ( how one playoff game turned out) , college baseball showcases and back. During these travels, one thing has become abundantly clear. Don't believe a word of it when you hear an economy related objection or put-off. Trucks and construction. Lots of trucks.

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Firing up the revenue engine post-crisis

Sales and Marketing Management

providing them with resources, knowledge and tools to achieve those established objectives. Channel leaders have the unprecedented opportunity to invest in and improve channel automation systems, including sales incentive platforms, partner portals, digital training programs and through-channel marketing. Are you digital-ready?

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Signals that sales managers send with rewards

Sales and Marketing Management

And non-monetary awards, such as merchandise, experiences or travel, are most effective because they are genuinely separate from compensation. A friend who manages a sales team at a manufacturing firm told me she uses discretionary rewards to signal and reinforce management’s objectives. To be clear, rewards are not compensation.