The Spiff Blog

OCTOBER 19, 2023

Believe it or not, the new year is right around the corner– and that means it’s time to plan your sales compensation strategy for 2024. But, in this era of constantly shifting market conditions, it can be difficult to know what changes will best set your sales organization on the path towards success. Don’t worry, we’re here to help!

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Xactly

JUNE 7, 2018

Incentive Compensation Management (ICM) solutions help companies manage their sales compensation plans and calculate commission payments. Today’s ICM solutions are aimed at optimizing more than just sales compensation, focusing on end-to-end sales performance management (SPM). What Companies Want to Solve with SPM.

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Sales Hacker

OCTOBER 7, 2022

Scott Barton, Varicent’s VP of Industry Solutions & 20-year sales compensation industry pro, attended WorldatWork’s 2022 Sales Compensation Conference. Despite these advances, few industry pros currently use predictive or prescriptive analytics for determining sales compensation plan effectiveness. Is change in the air?

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Xactly

JUNE 27, 2018

Sales compensation plan can be a complex process. Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. Time in sales compensation: 4 years. How were our Sales team compensated?

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Hubspot Sales

MAY 18, 2018

Sales Goals. Monthly sales goals. Below, find out how to set sales goals on an individual and team level. How to Set Sales Goals. Calculate your monthly sales goal. If you’re setting personal or team goals, they should align with annual sales goals. The incentive for your reps to meet their quota?

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Sales Hacker

JANUARY 30, 2024

Pipeline better aligns with sales Tell your sales team you plan to double the number of MQLs, and you’ll likely be met with eye rolls. Speaking of sales, don’t miss this article next: 7 Successful Sales Pitch Examples and Why They Work. The result? A lack of engagement and interest from these leads.

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Lead Rank Marketing Qualified Lead Pipeline Top of Funnel 93

Xactly

JUNE 27, 2018

Sales compensation plan can be a complex process. Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. Time in sales compensation: 4 years. How were our Sales team compensated?

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Compensation Incentives Incentive Pharmaceuticals 45

Zoominfo

MARCH 6, 2019

We touched on this phenomenon in a recent blog post about word-of-mouth marketing. Choose the Right Incentives Rewards are the most critical part of your referral marketing strategy. Plus, incentives motivate customers, as 50% of people say they’re likely to give a referral if offered a reward ( source ).

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The Spiff Blog

APRIL 27, 2023

Real World Examples of How to Motivate Employees During Tough Times Let’s look at an example of how motivation and reward go hand in hand. For example: Does your employee know that if they do x, they will get y? In sales, this idea is more complex but similar. Let’s get into it!

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PandaDoc

OCTOBER 30, 2023

Gamification took the sales industry by storm in the latter half of the previous decade — and with good reason. Research has shown that there are huge benefits to gamifying your sales process, including better worker productivity and retention when it comes to learning new things. Let’s jump in!

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The Spiff Blog

JANUARY 9, 2024

What does this mean for sales teams? If you’re responsible for reaching demanding sales targets, you must be more dynamic and strategic in 2024. If you’re responsible for reaching demanding sales targets, you must be more dynamic and strategic in 2024. B2B sales has an average turnover rate of 35% ( source ).

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Sales Hacker

SEPTEMBER 24, 2022

Building a sales funnel that aligns with your business goals is essential. I’m the head of Product at Datanyze, specializing in sourcing up-to-date prospect contact info to keep your pipeline flowing and sales funnel fresh. What is a sales funnel? And then there’s the sales funnel. The 4 stages of a sales funnel.

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PandaDoc

JANUARY 29, 2024

Hopefully, the start of the new year has you super jazzed about what your sales organization will achieve in 2024. We know we’re excited about the potential our sales team has at PandaDoc. A sales team is the powerhouse behind any thriving software company. Now, let’s talk incentives. It sounds simple enough, right?

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OpenSymmetry

FEBRUARY 10, 2016

In the first scenario, the eager software sales rep wants to expedite the project start and does not want to introduce any delays in their sales pipeline. They are thinking about a potential 6-12 month delay in the sales pipeline, then delayed recognition of the software sale before the project can get underway.

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Pipeline

MAY 26, 2024

We’ll examine some common reasons for low email response rates in sales and discuss how to address them, including leveraging sales CRM software. For example, you sent 200 emails and received 20 replies. Related : Learn how to leverage email drip campaigns for your cold sales outreach. What Is an Email Response Rate?

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Partners in Excellence

AUGUST 1, 2022

We try to develop compensation plans that incent people to achieve those goals. Recently, I’ve seen other areas, for example a discussion looking at comp for pre-call research, even for keeping CRM updated. One of the problems is too many managers believe their only tool to manage and incent performance is comp.

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Compensation Incentives Incentive Hiring 106

Sales and Marketing Management

OCTOBER 29, 2018

This kind of content positions you as a thought leader in a given field or industry, does not contain a sales pitch, and should never mention your company or brand except as the source of the content. 4 Examples of Product-Agnostic Content. Blog Posts and Articles. The focus of the Webinar is using OneDrive for business.

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SBI Growth

NOVEMBER 30, 2013

How should the top sales leader in the company utilize this limited time? Download the SBI Sales SVP New Year’s Guide here. Let’s look at several ways sales leaders misallocate their year-end days. I''ll contrast each example with a suggestion for a smarter use of the time. These competencies correlate to sales success.

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Pipeline

OCTOBER 16, 2023

This blog will answer this question along with some other topics about CRM ROI, namely how to calculate the ROI, some basic sales and marketing KPIs to consider, and three effective ways to maximize your CRM return. The data above shows that Pipeline CRM’s clients experienced positive changes in their sales books.

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Zoominfo

JANUARY 27, 2019

For example, if two of your friends constantly talk about a specific clothing brand, that brand has a large amount of social currency among your group. Let’s explain through an example—say your friend buys a new electric grill and raves about how efficient it is. Encourage your customers to create UGC by offering an incentive.

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Smooth Sale

MARCH 21, 2024

For example, you may have begun posting online to be active with social media, YouTube, or another platform and found that a following naturally gravitated towards you. The LinkedIn platform is a perfect example. Today’s insights are provided to help you achieve the Smooth Sale! Be Inspired and Inspiring! Celebrate Success!

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Hubspot Sales

NOVEMBER 6, 2018

If Billy Beane were to take over a sales organization today, he would feel like he’d traveled back by about 20 years. Sales organizations today are dominated by metrics, but they’re rarely data-driven and even take actions counterproductive to the outcomes they desire. For years, I said call activity was the worst metric used in sales.

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Hubspot Sales

SEPTEMBER 16, 2020

To ensure you’re using the combination of organic content and Facebook ads effectively, I recommend creating a sales funnel specifically for Facebook. But before we get into how you can develop it, let’s first understand what a Facebook sales funnel is. The next stage of the Facebook sales funnel is the middle of the funnel (MoFu).

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Janek Performance Group

AUGUST 23, 2023

No one wants to miss a deal, and, in sales, time counts. For example: How often do you hit your weekly, monthly, and quarterly goals? For every stalled sale, there are a multitude of excuses. For example, framing a solution as loss prevention motivates buyers more than the benefits of fancy features. It’s the budget.

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Understanding the Sales Force

MAY 30, 2013

Understanding the Sales Force by Dave Kurlan I have to question Geoffrey James for an article he recently posted on Inc. It certainly doesn''t apply to a complex B2B sale! Until we have heard that they have a compelling reason to buy, they won''t have an incentive to answer any qualifying questions! Magazine''s online site.

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Janek Performance Group

MAY 25, 2022

If you are in sales, you likely see yourself as a leader. If you are a sales manager, you must be a leader. But if sales management is a new role for you, it can feel like you are swimming upstream. First Rule of Sales Leadership: Know Your Purpose . What is that purpose of a new sales manager?

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The Spiff Blog

MARCH 21, 2023

Why share this story at the beginning of an article about using Salesforce to calculate sales commission? So I’m going to walk you through an example of creating your commission calculations in Salesforce. Using Salesforce to Calculate Sales Commission: Pros and Cons We’ve spoken with folks at Salesforce.

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SBI Growth

JUNE 8, 2013

I bet that two vital pieces are missing from your sales strategy. If you formalize them into your sales process, training and measurement, revenue will grow. Otherwise, your sales team will be eaten up. As the sales operations leader, you develop the sales strategy and support team performance. Social Selling.

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Showpad

MARCH 3, 2020

Sales operations (sales ops) and sales enablement are terms used often within an organization. But how do they contribute to sales productivity and overall business performance? Sales Enablement versus Sales Operations. Sales Operations Roles and Responsibilities. Managing sales tech stack.

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Partners in Excellence

FEBRUARY 8, 2022

” There are surveys asking for the one area sales managers should focus on. There are surveys for sellers covering things like prospecting, pipeline management, closing, sales process. ” If sales management and selling were that easy… The problem is, these are false choices. We have to do the whole job.

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Zoominfo

SEPTEMBER 26, 2018

If you’re new to employer branding, today’s blog post is for you. For example—do your employees feel your benefits program is satisfactory? For example—let’s say your ideal candidate for an entry-level marketing role values collaboration in their work environment. Let’s get into it! What is an employer brand? Use storytelling.

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Zoominfo

JUNE 10, 2018

As a B2B sales rep, you already know objections are an unavoidable part of your job. Yet, as we explained in a recent blog post , there are many tips and tricks sales reps can use to bypass common objections during the sales cycle. Customers have little incentive to speak highly about a product they don’t truly like.

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Crunchbase

JANUARY 13, 2022

We are honored to feature and promote their contribution on the Crunchbase blog. The business of sales is as nuanced as sales industries, salespeople and buyers themselves, with some industries requiring in-person selling with plenty of touchpoints and follow-ups. The same goes for the health of your sales department.

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OpenSymmetry

FEBRUARY 15, 2018

But this historic approach can punish your top performers – you’re simply adding a bigger expectation on top of a rep that had a great sales year. Historic quota-setting may also create a “porpoise pattern,” where sales and quota attainment leap up and then dive in alternating years. Balance Market Opportunity with Sales Capacity.

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Sales and Marketing Management

JANUARY 20, 2018

Author: Kostas Chiotis Picture this: your company wants to boost its sales with an incentive program. For example, on my blog, my PR team knows that they are responsible for the relationships with mass media while my SEOs are in charge or reaching out to thought leaders and subject matter experts in my niche.

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Guidelines Media Channels Google 189

Zoominfo

MAY 13, 2018

It’s common knowledge that working in sales is hard. Yet—what most people don’t understand is the extent to which sales pressure can negatively impact an organization. In today’s post we explain the effects of sales pressure and provide ways to mitigate this stress productively. ” ( source ). ” ( source ).

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The Spiff Blog

OCTOBER 6, 2022

That’s all it takes for a sales rep to jump ship and take their skills elsewhere. 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.

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