The Spiff Blog

OCTOBER 6, 2022

But remember that while the execs are driven by revenue and low customer churn, your sales reps are driven by their incentive compensation plans. Sales reps are trained to track dollars and revenue (yes, you’ve taught them well), so of course they’re going to track their own. Prioritize a positive sales culture.

Commission 75

Commission Compensation Churn Incentives 75

Hubspot Sales

JULY 22, 2020

With the CRM and Sales combo, you can track contacts, deals, companies, and tasks; schedule meetings easily; learn more about your prospects; and monitor your team's progress with intuitive reporting. HubSpot Sales gets rid of manual data entry, a huge time waster in sales, so professionals can spend time selling.

Tools 116

Tools Closing Territories Hubspot 116

Close.io

OCTOBER 1, 2018

So you want to become a sales manager ? First you’ll need to make sure you’ve got the right skills, experience, drive and track record at the helm in both selling and at managing others—in order to back yourself up. Want to get a ready-made set of resources to manage a sales team effectively?

Sales Management 115

Sales Management Hiring Lead Rank Forecasting 115

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 Helps predict future sales trends.

SAP 127

SAP Oracle Compensation Territories 127

SBI

JULY 24, 2018

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. Sales Managers: Remember, your sales reps are people too.

CRM 95

CRM SAP Forecasting Incentives 95

Apptivo

MARCH 9, 2023

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. 3 Ways sales automation can help your reps sell more! The beauty of sales automation is what makes it so appealing.

Sales Automation 64

Sales Automation Lead Rank Lead Scoring Campaigns 64

Crunchbase

JULY 27, 2022

Today, the role of sales operations has taken on both strategic and tactical significance, informing every phase of the sales process. In essence, sales strategy and operations have one overarching purpose—to enable sales teams to sell. Performance and incentive program management. Parsing out territories.

Sales Operations 52

Sales Operations Company Territories Sales Qualified Lead 52

SBI Growth

NOVEMBER 17, 2013

When you need that summary report yesterday, Sales Ops is your go-to. Impact : Sales Ops directly influences performance of the sales team. Well-designed sales dashboards for reps and leaders. Territories and quotas that maximize output. Enable Sales Ops to pay well for their positions.

Company 296

Company Hiring Buyer Persona Maximizer 296

Xactly

JULY 4, 2018

Creating sales compensation plans is a challenging task—it’s all about balance, but sometimes the perfect balance can be hard to strike. You need your incentives to drive the right sales behaviors in order to achieve sales objectives. Creating a Sales Incentive Compensation Plan.

Compensation 84

Compensation Incentives Incentive Commission 84

Xactly

OCTOBER 10, 2018

You need to start pulling together internal data from your incentive compensation management system, data from your CRM, and finally, information from financial teams on profitability and product revenues. Are you an Xactly Insights customer using empirical data to benchmark your incentive compensation?

Compensation 79

Compensation Incentives Incentive Webinar Metrics 79

Hubspot Sales

MARCH 21, 2019

In fact, the 2018 Global Data Management Benchmark Report found that 52% of the organizations surveyed said data and analytics would be a key source of opportunity in the coming years. How to Create a Sales Dashboard. Determine which sales metrics you'll track. Pick a sales dashboard provider.

Examples 111

Examples Hiring Report Hubspot 111

The Spiff Blog

NOVEMBER 10, 2022

Sales managers can also motivate their teams based on metrics like quota attainment , commission earned, and more! With sales commission software, finance and RevOps teams can also spend less time manually compiling and distributing end of month commission statements since the data is available in real-time. See Spiff in action!

Commission 75

Commission Scale Compensation Software 75

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. How do we drive change?

Compensation 244

Compensation Incentives Incentive Penetration 244

Janek Performance Group

MARCH 12, 2024

This may end up contributing to a lack of direction and belonging many sales professionals experience, and ultimately may negatively impact performance. Simulations help fill in the knowledge gap for the hiring manager. You can make the process even more granular by setting up a practice sales call. Focus on those.

Hiring 62

Hiring Sales Talent Compensation Lead Rank 62

Sales Hacker

SEPTEMBER 27, 2022

In this episode of the Sales Hacker Podcast, we have Scott Barton , VP of Industry Solutions at Varicent. He’s an expert in the sales world, particularly in revenue operations and incentive compensation. Join us for a great conversation about driving the right behaviors within your sales team. powered by Sounder.

Compensation 81

Compensation Incentives Incentive Quota 81

Sales Hacker

DECEMBER 21, 2017

Building Sales Ops. Sales Ops vs Sales Management. Sales Operations Process. Sales Ops Metrics & KPIs. Sales Operations vs Sales Enablement. Sales Ops Best Practices. Formulation of Incentives Program. Evaluation of Sales Team Training Needs. Manage compensation. .

Sales Operations 88

Sales Operations Top of Funnel Hiring Scale 88

The Spiff Blog

OCTOBER 28, 2022

Unfortunately, sales isn’t the only function experiencing high levels of burnout. Nearly 3 in 5 employees report negative impacts of work-related stress, including lack of interest, motivation, or energy (26%) and lack of effort at work (19%). Unattainable or irrelevant goals: In sales, reps live and die by their quotas.

Commission 78

Commission Lead Rank Lead Scoring Hiring 78

Xactly

AUGUST 20, 2018

To obtain and manage this data properly, sales organizations need automated sales performance management (SPM) solutions to help facilitate their planning strategically, from territories and quota allocation, to compensation planning and management. Design Fair, Balanced Territories.

Data 45

Data Territories Compensation Incentives 45

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. As leaders, we have a number of tools we leverage to manage and maximize performance.

Incentives 92

Incentives Incentive Commission Maximizer 92

Sales Hacker

JULY 17, 2019

Now, look at his advice: To become a sales manager, you essentially need to become an extension of your HR team — something every employee can do to make a positive impact on the organization. Of course, I also wanted feedback from industry veterans — the folks who are training & coaching sales management teams around the globe.

Promotion 79

Promotion Sales Management Hiring Lead Rank 79

Zoominfo

MAY 13, 2018

It’s also reported that, when a person suffers from stress, they’re unable to access previous knowledge or training and instead resort to an automatic response—typically shutting down, quitting, or losing confidence. In sales, this automatic response can be a career killer. If this number doesn’t concern you, it should. Communicate.

Hiring 258

Hiring Sales Qualified Lead Lead Rank Lead Scoring 258

Mindtickle

DECEMBER 28, 2023

Sales operations teams were once the unsung heroes of the sales organization. A recent Salesforce report found that 82% of sales professionals feel “sales ops plays a critical role in growing the business.” Furthermore, 82% feel sales ops is becoming more strategic. However, they’re not the same thing.

Sales Operations 52

Sales Operations Top of Funnel Sales Enablement Forecasting 52

Xactly

AUGUST 29, 2018

When Xactly was founded more than 13 years ago , the company had a simple vision to democratize incentive compensation management and put powerful calculation tools in the hands of every company. One often missed opportunity in the planning equation is optimizing territory planning.

Compensation 40

Compensation Incentives Incentive Commission 40

Partners in Excellence

MAY 30, 2013

I’m reacting to a cumulative build up of a number of conversations about compensation planning, incentives, and “motivating” sales people. So many of the discussions focus on rewards and incentives for behaviors that should be conditions of continued employment. This is one of those times.

Incentives 67

Incentives Incentive Compensation Salary 67

LeadFuze

MAY 17, 2021

Also, inbound and marketing automation creates a larger pool of leads for a salesman, so the compensation should differ from that of an outbound new sales hunter who not only generates the lead but works it and closes it. The costs associated with sales incentive program administration. Not salary; not bonuses.

Compensation 52

Compensation Hiring Incentives Incentive 52

Highspot

APRIL 2, 2020

From handling technical functions to developing sales strategies, a sales operations team’s job is to help the sales team run more efficiently. Often, they report to the same head of sales and share a responsibility for analyzing the performance of sales in their own areas of expertise.

Sales Operations 75

Sales Operations Top of Funnel Forecasting Sales Enablement 75

SBI

OCTOBER 1, 2014

Bloomfire gives your team fingertip-access to all the sales training they need to spike sales fast videos, presentations, spreadsheets, and more.Sales reps can ask questions – and get answers… from product managers, sales managers and each other. Bloomfire ToolSkool. CallidusCloud. CallidusCloud. ClearSlide.

Vendor 139

Vendor Twitter InsideView InsideSales 139

Xactly

AUGUST 30, 2018

This is especially important knowing that more than half of reps (57%) are expected to MISS their quotas this year, according to the 2018 Salesforce State of Sales Report. So what can sales managers do to help their teams meet quota? Build Positive Relationships with the Sales Team.

Enterprise 40

Enterprise Enterprise Top of Funnel Compensation 40

InsightSquared

NOVEMBER 30, 2020

On top of that, sales managers are seemingly forever reminding reps to “update their opportunities” — an all-too-familiar refrain on many sales floors, perhaps including your own. CRM platforms were built to give companies ownership of territory data and to manage change in those territories.

Sales Forecasts 62

Sales Forecasts Forecasting Top of Funnel CRM 62

Close.io

DECEMBER 2, 2019

If you locate your prospects in high concentration in a territory, then cold canvassing will work well. Monroe Systems for Business built a personalized system using Smart Views in Close to look at their territory level data granularly. Travel costs - Does your territory require traveling by air or commuting by their cars?

Campaigns 80

Campaigns Cold Calling Territories Face-to-face 80

OpenSymmetry

MARCH 25, 2015

Sales Performance Management (SPM) has truly evolved over the last 10+ years from the days of having an on-premise solution that primarily automated the compensation calculation process with basic reporting, to a new dynamic frontier with extended capabilities.

Compensation 40

Compensation Cost Per Thousand Territories Forecasting 40

Zoominfo

NOVEMBER 3, 2019

It’s also reported that, when a person suffers from stress, they’re unable to access previous knowledge or training and instead resort to an automatic response—typically shutting down, quitting, or losing confidence. Because sales is often commission-based and money-driven, stress and pressure run rampant. Communicate.

Hiring 100

Hiring Sales Qualified Lead Lead Rank Lead Scoring 100

Xvoyant

JULY 2, 2020

We pay them well and provide incentive motivations and trips (Cancun, anyone?). Instead, I’ll opt to provide clarity on what you could be doing to radically improve the performance of your sales force. Sales coaching is a formal developmental process where sales managers partner with their sales reps to improve sales performance.

Sales Coaching 62

Sales Coaching Coaching Forecasting Lead Rank 62

Sales Hacker

APRIL 22, 2022

A sales QBR: isn’t a status update meeting. isn’t fact-checking data in sales reports. QBR goals: Sales managers could use these meetings to show the last quarter’s results of their team to leadership, project the forecasts, plan for future quarters and gain critical leadership buy-in. isn’t criticism.

Top of Funnel 91

Top of Funnel Hiring Forecasting Quota 91

Sales Hacker

APRIL 11, 2019

This sales rep talks about money, commissions, bonuses, comp plans, incentives, and their numbers start to drop when they feel like something may affect their compensation negatively. Don’t change anything mid-year that will lead them to believe their compensation may be affected negatively, such as a territory or role change.

Motivation 85

Motivation Compensation Lead Rank Lead Scoring 85

Hubspot Sales

OCTOBER 28, 2020

The mindset of a sales leader can set the tone for the working habits of the entire organization. When leaders are managing from a place of scarcity, this can permeate throughout their team, hindering growth. Support your sales managers. Sales managers experience a great deal of pressure from all sides.

Hiring 103

Hiring Promotion Lead Rank Ideal Customer Profile 103

SBI

MARCH 18, 2015

These static sales forecasts are unable to provide true insights into the business. The net result is that enormous time is spent scrubbing the pipeline and rolling up a forecast, leaving sales managers less time for selling and making their number. It has been gratifying to see how delighted our customers are with our product.

Up-Sell 50

Up-Sell Revenue Sales Forecasts Forecasting 50