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The Psychology Behind Unexpected Rewards

Sales and Marketing Management

Scientific studies show that unexpected incentive rewards stimulate areas of the brain connected to behavior development and learning. Let’s take a closer look into the psychology behind the element of surprise and how it can be used as part of a larger sales incentive strategy. How to start applying this to your sales team.

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How to Build – and Maintain – a Healthy Channel Ecosystem

Allbound

It’s one of those buzzwords that’s thrown around a lot in the channel world. And what specifically should you be doing to build a channel ecosystem? The same goes for a channel ecosystem. A healthy channel ecosystem is interconnected, cohesive and supportive. Utilize incentive programs like SPIFs and MDFs.

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Firing up the revenue engine post-crisis

Sales and Marketing Management

Being well-prepared and truly understanding how to get your people, your operations and your sales back and running at full bore will be essential for survival. As organizations emerge from the pandemic crisis and fire up their sales engines, it’s clear that the channel must adapt?— Reinforce channel support.

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The Ultimate Guide to Channel Sales

Hubspot Sales

What is channel sales? In a channel sales model, a company sells through third partners -- affiliate partners (who get commission on each purchase), resellers, value-added providers (who typically bundle your product with their own), or another entity that doesn't work for it directly. The Definition of Channel Sales.

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How to Motivate Employees in Tough Times

The Spiff Blog

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. Leverage the channels your team uses most frequently for important notifications. Can you offer a non-cash incentive like a gift card immediately following deals of a certain size?

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How to Improve Sales Productivity and Boost Team Efficiency

Nutshell

We’ll also explore some of the challenges sales reps face that impact their productivity, detail how to calculate your team’s sales productivity, and discuss the best tools to help you increase it. Sales teams have adapted to this, spending far more time interacting with prospects and customers via online channels.

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5 Ways These Remarkable Channel Leaders are Improving Their Partnerships

Allbound

Being a channel manager isn’t an easy job. How do they maintain strong relationships while also meeting business goals? How do they drive results from external sales teams and manage conflicts? While a Google search will provide plenty of “best practices” for channel management, we wanted to take a deeper dive.