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Wells Fargo: The True Cost of “Unchecked Incentives”

OpenSymmetry

Though these are not necessarily uncommon practices in many sales organizations, Wells Fargo is being accused of taking things a step further by using these tactics to drive salespeople to reach unrealistic sales goals or face termination. What kind of behavior do current incentive compensation plans promote?

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23 Sales Productivity Statistics to Inform Your Enablement Strategy in 2023

Mindtickle

In this blog post, we’ve rounded up sales productivity stats from the leading research firms and vendors in the sales enablement space to put together stats bucked into a few different categories: customer experience; rep time management; sales managers; sales enablement; and technology usage.

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AI’s Role In Sales and Marketing

Sales and Marketing Management

Predictions for the impact of AI, the authors state, suggest a doubling of the economic growth of developed countries between 2017 and 2035, potentially adding $7.4 B2B companies are making significant investments in solutions that ensure they have access to data across their prospect base. trillion to the U.S. economy alone.

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How to Motivate Your Sales Team: 9 Tried-and-True Strategies

Hubspot Sales

It’s one of the most important components of sustained sales success over time. As a sales manager or director, you can only influence your team’s sales performance in two dimensions: Their skill set (what they can do) and their motivation (how repeatedly or passionately they do it). How do you want to be managed?

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Scaling Your Sales Team? Don’t Make These 12 Dangerous Mistakes

Hubspot Sales

Compensation is the ultimate incentive. If you’re expanding to a new territory and prospecting is a big priority for the quarter, compensate your reps accordingly. Is converting those prospects into new business the goal next quarter? If you can make existing reps more efficient, invest there before expanding your team.

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How to Use a CRM: The Ultimate Guide

Hubspot Sales

As your business grows, manually keeping track of your prospects and customers with spreadsheets and random notes in different places becomes near impossible. Not only is this type of system time- and energy-consuming to manage, but things also start slipping through the cracks at an alarming rate. Benefits of CRM. Deal Stage.

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The 6 Key Elements of an Effective Sales Contest

Hubspot Sales

You can use a single question to determine how experienced a sales manager is: “What has a bigger impact on your team’s success, sales skills or motivation?”. Newer managers tend to say the former, while more experienced ones pick the latter. A well-designed sales contest is one of the best tools in your arsenal.