The Spiff Blog

SEPTEMBER 1, 2022

Only 37% of sales reps’ time is being spent on revenue-generating activities ( source ). 51% of sales organizations are using data to analyze and improve performance ( source ). 51% of sales professionals state that their companies use data to assess their sales performance ( source ). Only 17.6%

Compensation 81

Compensation Salary Incentives Incentive 81

The Spiff Blog

OCTOBER 19, 2023

Recommended reading: 23 Quotes to Guide Your Sales Compensation Planning Process Compensation Transformation Tip #2: Emphasize customer retention and other expansion metrics. Market data shows that the proportion of ARR earned from new business has decreased from 61.4% in 2020 to 52.9% has increased from 29% to 36.3%

Compensation 83

Compensation Incentives Incentive Commission 83

OpenSymmetry

OCTOBER 14, 2016

Over 70% of sales organizations report using spreadsheets to calculate sales compensation and commissions for sales team members, which may be susceptible to integrity loss as they are shared throughout the organization. What kind of behavior do current incentive compensation plans promote? How do you monitor churn rate?

Incentives 40

Incentives Incentive Compensation Face-to-face 40

PandaDoc

JANUARY 29, 2024

Now, let’s talk incentives. Incentives, or spiffs, can really boost motivation. They can give your team that extra motivation they need to work towards and make achieving those sales targets even more rewarding. But here’s the key – structure your incentives to make your goals more realistic and achievable.

Closing 52

Closing Proposal Incentives Incentive 52

The Spiff Blog

MARCH 31, 2023

Today we’re continuing this conversation by sharing a preview of our latest research on sales commission. While the data we uncovered is concerning, it’s not surprising. Today we unveil some of our findings and attempt to unravel what this data means. Let’s get into it.

Commission 52

Commission Data Salary Face-to-face 52

The Spiff Blog

JANUARY 9, 2024

If you’re responsible for reaching demanding sales targets, you must be more dynamic and strategic in 2024. In today’s blog post, we’ll cover some key tactics that will position both you and your team for success this year. Recommended reading: The Sales Leader’s Guide to Using Mutual Action Plans 3. Let’s get into it!

Banking 84

Banking Hiring Churn Scale 84

SBI

FEBRUARY 23, 2020

Brainshark is a data-driven sales readiness platform. Resources All Awards & Recognition Blog Article Brief eBook ebooks & Guides Funding & Acquisitions Industry News Interview Report Video Video Reviews Webinars. Brainshark is a data-driven sales readiness platform. Blog Article. It’s not as.

Video 128

Video Webinar Metrics Face-to-face eBook 128

The Spiff Blog

OCTOBER 6, 2022

Tweaks here and there can be a necessary (and sometimes arduous) challenge for your sales and finance team, but these variables provide valuable internal data about which commission structures generate the most growth. Prioritize a positive sales culture. Individual reps, team leads, sales managers, everyone?

Commission 75

Commission Compensation Churn Incentives 75

The Spiff Blog

APRIL 27, 2023

Reflecting on this example, there are three notable hallmarks of a good incentive program : Simplicity Visibility/Transparency Appropriate Timing Let’s take a look at how each of these factors plays a crucial role in a successful incentive program: Simplicity “That’s been one of my mantras – focus and simplicity.

Motivation 75

Motivation Hiring Compensation Incentives 75

Xactly

MAY 7, 2018

Sales operations and compensation professionals must compile a team to piecing together metrics and goals, which carries an incredible amount of responsibility. The resulting incentive plan must develop a compensation process that will motivates the right sales behaviors to achieve goals, all while driving growth.

Compensation 49

Compensation Incentives Incentive Networking 49

Sales Hacker

OCTOBER 7, 2022

Forrester’s Seth Marrs spoke of the shift to virtual selling and the impact of rapid advances in technology on sales analytics and plan design. For example, artificial intelligence enables the efficient and practical application of unstructured data for sales performance management and incentive plan design.

Compensation 76

Compensation Conference Trends Incentives 76

Zoominfo

MAY 13, 2018

What we’re about to say is going to contradict every point we’ve made thus far—but hear us out: Stress can be beneficial for sales people. There’s no way around it, stress drives activity and sales managers know this. Start small, and expand your incentive program as you learn and grow. Invest in contact data.

Hiring 258

Hiring Sales Qualified Lead Lead Rank Lead Scoring 258

SBI

OCTOBER 16, 2012

Social Selling and Big Data at the Upcoming Sales & Marketing 2.0 Next week, Sales Dot Two Inc., will host the Sales & Marketing 2.0 The focus is purported to be on the benefits of big data for B2B sales organizations with an emphasis on social technologies. Chris Jones, Chief Sales Officer, PROS.

Conference 131

Conference Social Selling Data Marketing 131

The Spiff Blog

NOVEMBER 10, 2022

The use of sales commission software ensures access to real-time commission data for sales reps, leaders, and executives. Having this data readily available motivates arms reps with the information they need to focus their efforts on closing the right deals without worrying about inaccuracies or incomplete data.

Commission 75

Commission Scale Compensation Software 75

OpenSymmetry

JANUARY 4, 2018

In this six-part blog series OpenSymmetry and IBM outline the impact of Sales Performance Management Technology on each area of the business including Sales, HR, Finance and Executive Management. As standard SPM technology can provide near real-time access to sales data and pay for performance information.

Compensation 64

Compensation Commission Incentives Incentive 64

Xactly

SEPTEMBER 5, 2018

Management by Objectives, aka MBOs, are goals set for employees to improve overall sales performance, as agreed up on by sales manager and rep. MBOs can be an extremely useful tool in addition to your sales commission structure because they give each rep individual goals to strengthen the overall sales organization.

Examples 78

Examples Compensation Incentives Incentive 78

PandaDoc

OCTOBER 30, 2023

Key takeaways Sales gamification can improve performance by drawing attention to specific metrics, sales targets, and KPIs. Employee engagement increases when the incentives are worth the effort required to do well. Manage your sales activities twice as fast Increase your close rate by 36% wuth PandaDoc.

Sales Process 52

Sales Process Incentives Incentive Hiring 52

Cincom Smart Selling

FEBRUARY 9, 2016

New product rollouts and availability should be preceded by training, collateral distribution and sales support materials. Sales/Marketing Programs – Compensation plans, incentive plans, territory plans, market segmentation and special campaigns should be well understood and in place prior to starting any sales activity with a partner.

Channels 83

Channels Sales Management Sales Qualified Lead Collateral 83

OpenSymmetry

JANUARY 23, 2018

In this six-part blog series OpenSymmetry and IBM outline the impact of Sales Performance Management (SPM) Technology on each area of the business including Sales, HR, Finance and Executive Management. In some cases, this will be due to poor incentives plan design. Register today!

Webinar Metrics 56

Webinar Metrics Incentives Incentive Strategy 56

Xactly

DECEMBER 12, 2018

This the fourth blog in a series of sales planning fundamentals being written by Xactly Chief Sales Officer Marc Gemassmer. So far, in my blog series on sales planning, we’ve looked at: Part one: Adopting the right sales planning approach. Part two: Evaluating sales rep ramp time and attrition.

Territories 67

Territories Quota Guidelines Software 67

PandaDoc

AUGUST 25, 2019

These measurements are critical for building and scaling a sales development team. Your preliminary focus areas should include: Budgeting for SDR expenses; Using projected sales data; Determining your need to hire more sales reps; Electing outbound SDR quotas. See also: How to use a sales pipeline to boost revenue.

Hiring 53

Hiring Outbound Sales Qualified Lead Inbound 53

Braveheart Sales

DECEMBER 10, 2020

The end of the year is when many leaders tend to consider transforming their sales compensation plan since a new year equals making a fresh start. The plan should be designed to incent individuals to perform the way leadership desires in support of the company’s goals. Money motivates some but does not others. No Motivation Needed?

Compensation 52

Compensation Hiring Motivation Incentives 52

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! Automated follow-up Drip!

Sales Automation 64

Sales Automation Lead Rank Lead Scoring Campaigns 64

Crunchbase

JUNE 28, 2021

We are honored to feature and promote their contribution on the Crunchbase blog. Your sales team is the backbone of your company, and your employees are just as vital to business success as your customers. You can’t simply train your sales reps once, send them out into the world, and expect them to adapt to new challenges without fail.

Webinar Metrics 111

Webinar Metrics Training Strategy Software 111

Zoominfo

NOVEMBER 3, 2019

There’s no way around it, stress drives activity and sales managers know this. The key to sales success is to harness the right kind and amount of stress to motivate your employees rather than discourage them. Start small, and expand your incentive program as you learn and grow. Invest in contact data. Communicate.

Hiring 100

Hiring Sales Qualified Lead Lead Rank Lead Scoring 100

Partners in Excellence

APRIL 12, 2022

Every year, we see decreases in % of sales people making their goals. As I start peeling back the numbers, reinforced by data from the research firms, I start seeing win rates at 20% or less! But when we see organizational win rates at 20% or lower, management isn’t paying attention.

Ideal Customer Profile 68

Ideal Customer Profile Sales Qualified Lead Lead Rank Pipeline 68

Mindtickle

JANUARY 19, 2023

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.

Strategy 52

Strategy Cold Calling Lead Rank Lead Scoring 52

OpenSymmetry

NOVEMBER 22, 2016

How likely is your sales incentive plan going to be dead on arrival, riddled with holes caused by requests for changes and exceptions? At least three months prior to the new year, finance teams slave over intricate details and policies for sales incentive plans to make for a smoother payroll cycle next year.

Compensation 40

Compensation Hiring Incentives Incentive 40

Apptivo

MAY 26, 2023

The benefits of setting a sales target Lets understand the benefits of setting a sales target by taking an example of a retail company, which is on the verge of launching a new product line. The sales manager establishes aggressive sales goals, estimating the amount of units that must be sold within a specified time frame.

Sales Forecasts 52

Sales Forecasts Forecasting CRM Top of Funnel 52

OpenSymmetry

JANUARY 12, 2017

Likewise, it’s no surprise that more companies are adopting that same mantra with employee self-service in regards to their field sales force. As mentioned in my previous blog , Incentive Compensation Management (ICM) solutions have moved far beyond being an automated calculator for determining commission and bonus incentives.

Compensation 40

Compensation Incentives Incentive Field Sales 40

The Spiff Blog

FEBRUARY 9, 2023

If quota setting is critical to forecasting, goal setting, and sales capacity planning , how is it that so many organizations still miss the mark? These include poor planning and prioritization, lack of insight and data, and, finally, selecting a quota setting methodology that doesn’t align with overarching business goals.

Quota 70

Quota Revenue Lead Rank Territories 70

Smooth Sale

MARCH 17, 2022

Gordon provides today’s guest Blog, ‘Are You Ready to Break the Bias?’ The insights are essential for business growth and the precursor for successful sales. We at Scale Your Sales podcast celebrate the achievements of women and campaign for a world where we can all #BreakTheBias. . Sales Tips: Are You Ready to Break the Bias?

Scale 78

Scale Hiring Lead Rank Report 78

CloserIQ

OCTOBER 30, 2018

Consider these six tips related to sales enablement tools, training customization and implementation, and post-training reinforcement and growth plans to make your sales training more effective. 1) Use data-driven tools to determine what training is needed. How do you identify what sales training is needed?

Training 98

Training Top of Funnel Scale Sales Enablement 98

Chorus.ai

MARCH 5, 2021

The old-fashioned model — outbound sales — is centered on the actions of a seller. It eschews automated data handling and keeps approaches to sales and marketing separate. With sales now oriented primarily around a company website, this kind of approach can be unwieldy and impractical. Step 1: Find your data.

Top of Funnel 113

Top of Funnel Webinar Metrics Strategy Buyer Persona 113

PandaDoc

DECEMBER 21, 2020

This enables you to collect data and create reports highlighting the value your service added to them during the contract. You can also use the data to inform the clients of ways your service cuts back on resource costs. Take the time to collect data on your customers. Incentives can come in many different forms.

Churn 52

Churn Lead Rank Retention Discount 52

Zendesk Sell

MARCH 21, 2019

Aligning sales and marketing teams is a struggle for many companies. The sales department grows frustrated because they don’t have the necessary material (i.e., blog posts, white papers, eBooks) to make a sale. Therefore, marketing may become annoyed when sales doesn’t even use what they produce.

Lead Rank 68

Lead Rank Marketing Qualified Lead CRM Sales Qualified Lead 68

No More Cold Calling

MAY 12, 2015

But now I’m managing my manager, instead of providing accurate pipeline and forecasting data, which should provide visibility into the business.” The percentage changes as the buyer speaks with a rep and experiences the company through videos, blogs, and customer testimonials.

Lead Rank 120

Lead Rank Top of Funnel Face-to-face Lead Scoring 120