The Spiff Blog

JULY 20, 2023

Most organizations recognize that their sales commission process isn’t perfect. Companies aren’t ignorant of this problem– many are trying to improve their commission process, as evident by the recent surge of businesses hiring sales compensation managers ( source ). You face frequent, urgent disputes.

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The Spiff Blog

JANUARY 26, 2023

Just as Olympic athletes train to reach peak performance, so do sales teams. But, just as there are less obvious factors that contribute to an athlete’s performance, there are less obvious factors that contribute to a sales team’s performance as well. Today, we present to you, our latest infographic: Going for Gold in Sales.

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The Spiff Blog

FEBRUARY 24, 2023

Sales objections are a common occurrence during a typical sales cycle. Therefore, learning how to effectively handle objections is crucial to hitting goals, crushing sales quotas , and developing a successful sales career. Whether you’re new to sales or a seasoned professional, today’s post is for you.

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Partners in Excellence

FEBRUARY 6, 2020

One person took a position that one could not be a “Trusted Advisor,” and be on commission. He later extended the argument to include being accountable for achieving a quota compromised the ability of the sales person to be trusted. We have legacy stereotypes of the commission driven coin operated sales person.

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Janek Performance Group

JANUARY 16, 2024

One common perk of a career in sales is the ability to earn more based on your own hard work and selling success. With salary, commission, bonuses, and other incentives, sales professionals often have options and feel in control of the compensation they receive, which can be great for motivation and fulfillment.

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Mr. Inside Sales

AUGUST 22, 2019

Top sales reps—the ones making the most sales and commissions—know how to handle repeatable selling situations. Instead of ad-libbing, they have learned, internalized, and use best practice responses to the objections and stalls they get over and over again. Who Should Attend? Upcoming Schedule.

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Sales Hacker

OCTOBER 30, 2019

The post Q4 Survival Guide: How to Turn Objections into Commission appeared first on Sales Hacker.

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Gong.io

DECEMBER 14, 2022

It’s not hard to set sales objectives. Any sales leader can ask their team to increase sales by 50% or cut customer churn in half. . What’s difficult is setting achievable, effective sales goals that have a genuine impact on your company’s long-term strategy. . What different sales objectives look like .

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Xactly

MAY 28, 2018

The typical sales compensation plan is made up of two parts–fixed base salary and variable commission. A sales rep’s base salary is often fixed and fairly straightforward. Sales commission, on the other hand is a key component in your sales compensation plan, based on a sales rep’s individual goals and performance.

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Xactly

JULY 19, 2018

Commissions play a key role in your sales compensation plans, driving sales behaviors and motivating reps to hit their quota. Depending on your sales force structure and size, there are different sales commission structures that can be used in your incentive plan. Draw Against Commission Definition.

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The Spiff Blog

FEBRUARY 15, 2022

You may think you work in sales or on a RevOps team. But if you use Excel for commission operations, you’re actually a programmer. Efficiency and growth shouldn’t just be desired outcomes, but foundational capabilities baked into all aspects of commission operations. You need proper commission software.

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Xactly

DECEMBER 5, 2018

Sales compensation is a balancing act. First and foremost, you need to incent your sales team to close deals. Because of this, creating a strong sales incentive plan can be a difficult task. In this post, we’re tackling a bonus vs. commission compensation plan for sales reps. However, they are not the same.

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Pipeliner

SEPTEMBER 27, 2023

being released on the 28th of September —comes a fantastic new feature: Custom Entities (functionality referred to in some other CRM systems as “Custom Objects”). A second example would be for a sales organization to create a dedicated commission structure for new business and upselling to existing clients.

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Canidium

JULY 12, 2023

Sales organizations strive to achieve optimal performance and drive revenue growth. One effective way to align sales teams with organizational goals and motivate them to excel is using Management by Objectives (MBOs).

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Xactly

JANUARY 18, 2019

Motivating your sales reps is one of the key factors of sales success. In most sales organizations, the sales commission plan is the best way to do this. Your sales commission plan is a portion of your sales compensation plan. sales commission structures , bonus plans, pay mix, etc.)

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The Spiff Blog

SEPTEMBER 5, 2023

When your job is to design sales compensation plans , it’s easy to feel like you’re stuck in a maze of uncertainties. Will you motivate sales reps to go the extra mile? Unfortunately, sales comp managers aren’t the only ones facing uncertainty. Will your comp plans earn your business more revenue?

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LeadFuze

DECEMBER 31, 2021

What is a Sales Objection? When we think about objections, the first word that comes to mind is no. An objection can be expressed in a number of ways but it all boils down to when you’re not able to satisfy what they want. Need Help Automating Your Sales Prospecting Process? Just to give you an idea.

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Steven Rosen

OCTOBER 8, 2021

How to Motivate Your Sales Team. Sales leaders agree that a highly motivated and engaged sales force drives greater performance. Many sales managers ask me how to ensure that they have a highly motivated and engaged team, and I usually ask them “WHY”? .” Tap into the WHY! External Factors.

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Xactly

APRIL 16, 2018

That’s putting it very simply, but a smart sales operations leader will recognize this dilemma instantly. The company (the Principal) wants profits, but the sales rep (the Agent) wants an income. Variables in Sales Commission Strategies. Or, keep reading for more sales plan ideas.

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The Spiff Blog

NOVEMBER 17, 2023

In this day and age, no one doubts the importance of sales compensation when it comes to driving growth for a business. As an incentive compensation manager, you manage or play a key role in the design of your sales commission plans. Administer commission plans. Maintain compliance with legal regulations.

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The Spiff Blog

OCTOBER 12, 2023

How well can you explain (or defend) the way your company compensates sales employees? In today’s world, where pay transparency and compensation fairness are increasingly in the spotlight, sales employees and high-quality job candidates want to know more than just “how” your sales reps are paid. Let’s get into it!

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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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The Pipeline

DECEMBER 18, 2014

No doubt everyone should be thinking about commissions, after all is in effect the cost of revenue. While there are other expenses, commissions/incentives, are the most direct “payment” you pay for bringing in revenue. Read the piece here: Rethinking Sales Incentives Then comment below. What’s in Your Pipeline?

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The Pipeline

JANUARY 25, 2022

A focus on margins requires a different sales culture. Those who have been commissioned on margin, generally become better sellers. Too many tools without reason leads to sales disablement. You objective and the clients’ objectives aligned by upgrading the reps’ objectives. Margin Of Error.

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Xactly

APRIL 2, 2018

Whether a company is trying to grow or has reached the Enterprise level, the right sales commission structure can be the difference between hitting your goals or falling flat. Since sales is tasked with increasing revenues, incentives are an important part of achieving those goals. Yet, you want a structure that rewards results.

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Sales and Marketing Management

MAY 31, 2020

Sales teams are a particularly unique case as their compensation is likely to be highly leveraged and more sensitive to changes in the marketplace. What happens to the sales force and their commission-based structure? Is top sales talent at risk of leaving if they can’t earn commissions? . Model Costs Accurately.

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Mr. Inside Sales

AUGUST 13, 2021

Nobody likes hearing from a salesperson who has “commission breath” as a manager once told me. sales reps hide behind them, too. Visit this link to try this service for free, and then do what other sales reps are too lazy to do: Send a card, every month, and you’ll reach the buyers you’re looking for. So, there you have it.

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The Spiff Blog

AUGUST 10, 2023

If you’re a sales compensation manager, we’re sure you’re familiar with this sort of AI-driven anxiety. On the one hand, you’d love to be able to automate the more tedious and time-consuming aspects of commission management. Here are a few of the specific ways AI can help you improve your sales comp management process.

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The Spiff Blog

JUNE 29, 2023

Managing sales compensation is both a highly complex and highly consequential responsibility. The design and execution of a sales compensation program directly influences the performance and morale of a sales organization, as well as the overall financial success of a company at large. What is a Sales Compensation Manager?

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The Pipeline

JULY 7, 2021

Want to split a room of salespeople, just ask if “sales is a numbers game or not?” Full disclosure, I came from the sales is a numbers game camp. But there is no escaping the fact that while sale may not be a numbers game, your numbers have to add up. The debate has raged on for years with few converts. Behind The Numbers.

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Sales Evangelist

APRIL 18, 2022

No matter what level of sales you’re in, you are bound to encounter objections. In today’s episode of The Sales Evangelist, host Donald Kelly is joined by the co-founder and former owner of Solo Stove, Spencer Jan, for an in-depth look at Spencer’s experience handling his biggest sales objection.

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Sales Evangelist

APRIL 18, 2022

No matter what level of sales you’re in, you are bound to encounter objections. In today’s episode of The Sales Evangelist, host Donald Kelly is joined by the co-founder and former owner of Solo Stove, Spencer Jan, for an in-depth look at Spencer’s experience handling his biggest sales objection.

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Increase Sales

JUNE 17, 2015

In small business, a sales objection is part of the relationship selling. Yet, one of the few sales objections never spoken was summed up very well by one of my clients - “ I’m not that blond.” times the national average according to a survey commissioned by American Express.

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SalesLoft

APRIL 25, 2024

But when the commission check clears, that feels good! A lot of the time, yes, I get the commission check, and I get a lot of the credit for being the seller. Albert: Now that the ink has dried on a couple of these big deals that you landed this past year, are you still involved post-sales? I’ll say that.

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Sales Hacker

OCTOBER 10, 2019

Without it, your sales team will struggle, the pipeline will dry up, and revenue will plummet. Here’s what we’re going to cover: Salesforce objects. Sales process stages. Data Governance & Salesforce Objects. Salesforce objects can be categorized as either Transactional or Customer Records. The challenge?

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Membrain

FEBRUARY 26, 2023

When you look at these things we use to describe “salesmanship,” none of it is meaningful to the buyers – the people we have to engage to meet our quotas, achieve our goals, and earn our commissions. Amazingly, the more we do this, the more easily we achieve our goals of hitting quotas, beating competition, earning our commission.

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Autoklose

MARCH 18, 2024

Having a well-versed and highly-skilled sales team is an essential ingredient when it comes to the success of your entire business. When you’re starting out, and it’s just you and maybe another salesperson, it’s not difficult to make a sales strategy, implement it, and learn from the results. Practice Objection Handling 8.

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