A Sales Guy

JUNE 21, 2012

create a new comp plan and commission structure. implement a new CRM. establish new territories. ” or “We’ll just change the commission structure.” When we decide we “just” need a CRM, we get a database with a crap load of data no one wants to use. You can’t just.

Hiring 118

Hiring Commission Inside Sales Incentives 118

Janek Performance Group

MARCH 12, 2024

3) Clearly communicate benefits and compensation New hires should have a clear understanding of commission plans and other important benefits and compensation from the start. 5) Develop realistic goals Assess their sales territory and lay out the best course of action for each district or demographic.

Hiring 62

Hiring Sales Talent Compensation Lead Rank 62

Partners in Excellence

MAY 30, 2013

I’m reacting to a cumulative build up of a number of conversations about compensation planning, incentives, and “motivating” sales people. So many of the discussions focus on rewards and incentives for behaviors that should be conditions of continued employment. This is one of those times.

Incentives 65

Incentives Incentive Compensation Salary 65

Velocify

JUNE 28, 2017

4) Territory and Quota Management Solutions. Territory and quota management solutions assign leads to reps based on geographic areas. This is most useful for field sales teams who need reps to connect with customers in person and need a way to automate the process so they can scale effectively as territories shift and change.

Sales Technology 53

Sales Technology Top of Funnel Hiring Software 53

The Spiff Blog

JANUARY 25, 2022

What started as a manageable headache is now causing your organization to leak revenue— especially as you add more products, territories, and go-to-market strategies into the mix. But as your customers, head count, and company scaled, so too did the mishmash of tools and spreadsheets, disorganized documents, and scrambled data. Guess what?

Hiring 52

Hiring Scale Top of Funnel Funnel 52

Growbots

SEPTEMBER 19, 2018

Most salespeople are driven by financial incentives. Not only do they want to close that big sale for the benefit of the company – but also to win that commission. Changing your compensation structure or rezoning your territories should only be done with extreme caution. Offer non-monetary incentives as well.

Compensation 55

Compensation Salary Incentives Incentive 55

Zoominfo

MAY 13, 2018

Because sales is often commission-based and money-driven, stress and pressure run rampant. Start small, and expand your incentive program as you learn and grow. Look for a better CRM. Mitigate Sales Stress and Increase Your Workplace Productivity. Are they overwhelmed with leads? Hire new talent. Need more pipeline? Communicate.

Hiring 258

Hiring Sales Qualified Lead Lead Rank Lead Scoring 258

Chorus.ai

MARCH 5, 2021

By the end of a successful persona build, you should have a very clear picture of your ideal customer(s): their ages, lifestyle attributes, territories, and pain points. Make clear to your teams how quotas will work and what type of commission scheme you plan to use. Start with your customer relationship management (CRM) software.

Top of Funnel 113

Top of Funnel Webinar Metrics Strategy Buyer Persona 113

The Spiff Blog

MAY 26, 2022

So, you’ve realized commission spreadsheets are actually evil, and that sales incentive software will vastly improve transparency, efficiency, and your personal sanity. There’s no shortage of sales commission software on the market, and when you factor in the massive operational differences, it’s a recipe for information overload.

Incentives 77

Incentives Incentive Software Software 77

OpenSymmetry

MARCH 25, 2015

We have been ushered through the age of Incentive Compensation Management (ICM) being the buzzword 4 to 5 years ago into an age of where the focus is now on the performance. While these lack some of the mapping functionality of specialist territory alignment software, they present a broader range of capability. About the Author.

Compensation 40

Compensation Cost Per Thousand Territories Forecasting 40

The Spiff Blog

MAY 18, 2023

For decades, perhaps longer, organizations of all sizes have struggled to effectively manage sales commission. Commission management is a universal thorn in the side of finance organizations, RevOps teams , and commissioned employees across organizations everywhere. Let’s get into it!

Commission 73

Commission Scale Compensation Hiring 73

Apptivo

OCTOBER 7, 2022

To measure the effectiveness of the sales process, organizations must determine the technologies they will employ like CRM software & Sales Analytic software. Activities could include better targeting, expansion of territory, exploring new markets, providing sales incentives for peak demand, promotional activity and many such.

Top of Funnel 19

Top of Funnel Incentives Incentive Objections 19

The Spiff Blog

FEBRUARY 15, 2022

But if you use Excel for commission operations, you’re actually a programmer. This gives you a unique opportunity to optimize your sales commission process like a supercharged engineering team, and gain a serious advantage over your competitors— who are still slogging through their spreadsheets, none the wiser.

Commission 53

Commission Scale Software Software 53

Zoominfo

NOVEMBER 3, 2019

Because sales is often commission-based and money-driven, stress and pressure run rampant. Start small, and expand your incentive program as you learn and grow. Look for a better CRM. Although it’s easier said than done, as a sales rep or sales leader, it’s important to shift your focus to the activities that lead up to a sale.

Hiring 100

Hiring Sales Qualified Lead Lead Rank Lead Scoring 100

Chorus.ai

SEPTEMBER 12, 2019

By the end of a successful persona build, you should have a very clear picture of your buyers: their ages, lifestyle attributes, territories, and pain points. Establish company-wide performance expectations and giving your sales reps the incentives they need to excel. Start with your customer relationship management (CRM) software.

Ideal Customer Profile 62

Ideal Customer Profile Top of Funnel Webinar Metrics Strategy 62

Hubspot Sales

SEPTEMBER 8, 2020

You’ve decided you need customer relationship management (CRM) software. An empty CRM is like an empty water glass: Falling short of its full potential. Importance of CRM Adoption. There are many reasons why you should be using a CRM including greater productivity, insights, efficiency, collaboration, and more.

Software 122

Software Software CRM Hiring 122

Sales Hacker

MAY 9, 2019

Decide Base Pay vs. Variable Pay (Commissions). Know what to Include in a Sales Incentive Plan. Before you can decide base pay or commissions, you need to start by deciding On Target Earnings or OTE. NOTE: We recommend refraining from calling any sales incentives a bonus. Establish Role Levels. Set Targets.

Face-to-face 102

Face-to-face Compensation Commission Lead Rank 102

Hubspot Sales

MARCH 27, 2019

A salesperson’s quota is often directly tied to their compensation plan, including commission and bonuses. These activities are tracked in his CRM and his sales manager can easily see how he's tracking to meet his quota. He likely receives commission on each pair of skates he sells and receives a bonus when he reaches his quota.

Quota 123

Quota Territories Commission Forecasting 123

Accent Technologies

NOVEMBER 10, 2018

Many sales reps are apprehensive about learning and using a CRM, and some organizations are therefore reluctant to invest in a platform that their reps “won’t use.”. A lot of CRM apprehension stems from misunderstandings. Some reps misunderstand the purpose of CRMs, and others fear that a CRM will be too difficult for them to use.

CRM 55

CRM ROI Commission Vendor 55

The Spiff Blog

JUNE 9, 2022

If a rep is already planning to be gone by then, there’s no incentive to dive into time-intensive sales activities. Missing details from CRM entries. Sales commission and pay. Territories and account ownership. Making significant territory changes. Minimal QBR preparation. Low outreach numbers. Deal splits.

Hiring 75

Hiring Commission Compensation Incentives 75

Close.io

DECEMBER 2, 2019

If you locate your prospects in high concentration in a territory, then cold canvassing will work well. Monroe Systems for Business built a personalized system using Smart Views in Close to look at their territory level data granularly. Travel costs - Does your territory require traveling by air or commuting by their cars?

Campaigns 80

Campaigns Cold Calling Territories Face-to-face 80

OpenSymmetry

OCTOBER 30, 2017

These activities include territory and target setting, forecasting, approving commissions and bonuses and query management. SPM technologies like IBM Incentive Compensation Management empower Sales Leaders by providing real time pay for performance information.

Commission 46

Commission Incentives Incentive Compensation 46

Close.io

AUGUST 11, 2019

This includes generating leads, outlining sales territories, setting up incentive programs, managing sales analytics, and more. This team can do things like creating sales territories, structuring pay plans, monitoring analytics, developing sales strategies, and a whole lot more. Setting up a sales CRM is an ongoing process.

Sales Operations 91

Sales Operations Hiring Top of Funnel Lead Rank 91

Sales Hacker

APRIL 21, 2021

SDRs are ready to start calling but first they must dedupe dozens of contacts just dumped into their CRM. For fast-growing companies, here are the expectations: Responsibilities: Lead planning for data architecture, reporting, territory planning and sales incentive systems. Coach and develop the skills of your direct reports.

Salary 100

Salary NetSuite Scale Lead Rank 100

Sales Hacker Training

NOVEMBER 21, 2022

And Yeah, It Goes Beyond CRM Software If CRM is the only technology enabler you’re currently using, your competitors are likely leaving you in the dust. This requires a business intelligence tool to centralize and combine data from your CRM, LMS, telephony, or VoIP systems. This is what ClicData does.

Sales Tools 52

Sales Tools Tools Ideal Customer Profile Lead Rank 52

Xactly

AUGUST 29, 2018

When Xactly was founded more than 13 years ago , the company had a simple vision to democratize incentive compensation management and put powerful calculation tools in the hands of every company. One often missed opportunity in the planning equation is optimizing territory planning.

Compensation 40

Compensation Incentives Incentive Commission 40

SBI

NOVEMBER 7, 2019

Salespeople have a lot of information and data thrown their way and CRM doesn’t make. Morgan & Morgan needed a tool to synchronize Outlook and Salesforce that would allow their attorneys, paralegals, and the case staff to access CRM. Sales Incentives. Sales Incentives. Renewal Management. Purchase Intent. One of them.

Top of Funnel 52

Top of Funnel Ideal Customer Profile Webinar Metrics Customer 52