The Spiff Blog

AUGUST 22, 2023

Compensation is a business investment, after all, and you need to study it closely to identify areas of overspending or risk potential. Optimize your buying cycle from lead to close. Studies show that misaligned departments cost companies an average of 10% of their revenue per year ( source ).

Strategy 74

Strategy Compensation Commission ROI 74

Salesmate

JUNE 4, 2021

One such practice is that of providing sales incentives to the salespeople. What are sales incentives? Call it what you will, incentives are what get people to work harder.” – Nikita Khrushchev . In simple terms, sales incentives are something that motivates your team to wake up in the morning and get to work.

Incentives 105

Incentives Incentive Compensation Motivation 105

Xactly

SEPTEMBER 5, 2018

With 70 percent of employees not fully engaged ( according to a recent study ), nearly three out of four of your sales reps are more or less “checked out”—which is a big red flag for missing sales quota. Download "Designing Sales Compensation Plans" to learn best practices for building incentive plans that drive the right behaviors.

Examples 78

Examples Compensation Incentives Incentive 78

The ROI Guy

JANUARY 3, 2012

Most sales professionals will readily admit that buyers have taken control of the buying cycle, and are demanding a different more value-based sales approach. However, tying tool usage directly to incentives may be too extreme for many, and the sales tools may not be appropriate for each and every deal.

Sales Tools 80

Sales Tools Tools Incentives Incentive 80

The ROI Guy

APRIL 12, 2013

As the studies indicate, business-as-usual is a more comfortable state of mind, because we all tend to outweigh potential downside risks higher than significant and compelling upside rewards - a risk aversion that causes a natural resistance to change.

Sales Tools 68

Sales Tools Tools Incentives Incentive 68

OnePageCRM

SEPTEMBER 2, 2020

A study by Forrester Research showed that 70% of salespeople aren’t prepared to answer prospect’s questions , and 77% don’t even understand their issues. Buying cycles now involve more and more people. Each person on a buying committee comes with their own expertise and expectations of your product or service.

Ideal Customer Profile 37

Ideal Customer Profile Referrals Follow-up Lead Rank 37

Tenbound

JANUARY 3, 2024

3- Urgency ( Why now?) PART 2: ENGAGE Chapter 4: Crafting the Right Message Recognize the 7 different stages of the buying cycle: unaware, aware, interested, evaluating, pushase, and postpurchase. The goal of your message is to move your prospect at least one stage deeper into the buying process. 2- Trust (Why you?)

Prospecting 49

Prospecting Outsourcing Services Top of Funnel Sales Qualified Lead 49