article thumbnail

Is your complex incentives plan holding you back?

Sales and Marketing Management

Incentive compensation plans are often far too complex. They spend most of their day visiting customers, and that’s what we want them to be doing. They spend most of their day visiting customers, and that’s what we want them to be doing. With this in mind, an incentive plan should be as simple as possible.

article thumbnail

Can You Actually Convince Your Customers?

Partners in Excellence

There are a lot of sales people focused on convincing their customers. Somehow they believe they can make their customers buy, make them choose them, if only they do the right job in convincing the customer. All sorts of techniques are used to try to convince the customer. We may leverage our relationships.

Customer 127
Insiders

Sign Up for our Newsletter

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

article thumbnail

Ways to Effectively Promote a New Product or Service 

Smooth Sale

You can keep prospective customers interested and enthusiastic about your product’s launch by providing regular updates, interactive posts, contests, and Q&A sessions. To lower the perceived risk for new customers, consider introductory pricing, free trials, or money-back guarantees for services.

article thumbnail

When it’s OK to give a customer a gift – and when it’s not

Selling Essentials RapidLearning Center

Every salesperson knows that there are times, like the end-of-year holidays, when you may want to give a good customer a gift, depending on the kind of relationship you have. But more broadly, what’s the impact of giving gifts to customers or clients, and how is gift giving likely to affect their view of you?

article thumbnail

X Factor Compensation Leaders: How to Be Incredible at Incentive Planning (Nuance Communications)

Xactly

Ultimately, the new compensation and incentive plans must successfully motivate the right sales behaviors to achieve goals, all while driving growth. After close to a year, we decided that Express was not flexible enough to handle our complex plans and increasing number of reps, so we decided to implement Xactly Incent in 2015.

article thumbnail

Sales Incentive Optimization

OpenSymmetry

The Journey to Sales Incentive Optimization. A familiar scenario that salesforces experience is the excitement and optimism of the new sales incentive launch, followed by the realisation that: New rules have been introduced which limit the kind of high payouts experienced last year which made the plan unaffordable.

article thumbnail

5 Key Pillars of Effective Sales Performance Management

The Spiff Blog

These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement. Incentive alignment : Shared goals enable the design of incentive structures that motivate sales reps while aligning with the broader success of the organization. It’s simple.