Remove Compensation Remove Incentives Remove Prospecting Remove Referrals
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Sales Managers: Think You’re Ready for Referrals?

No More Cold Calling

Here are five important steps to make your team referral sales experts. Whether you are a CEO, vice president, or sales manager, you have a central role in your company’s sales process and in the decision to transition from vapid outbound prospecting to selling through referrals. Yep, most of us are lazy and lack discipline.

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4 Reasons I Don’t Pay for Referrals

No More Cold Calling

Should you offer incentives to Referral Sources? When you provide a referral, your reputation is on the line. Referrals are far more powerful when they’re given out of an authentic desire to connect people who can benefit from knowing each other—rather than to get a kickback. Incent or not. The short answer is NO.

Referrals 245
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The Value of Cross Referrals – Sales eXchange 158

The Pipeline

Last week I was working with a group, we were looking at more effective prospecting, when we got around to discussing referrals, I got back some familiar comments. The specific comment was that the rep was reluctant to ask prospects/clients for referrals “because what if the person or company they refer are out of my territory?”

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How to Motivate Employees in Tough Times

The Spiff Blog

Motivation and compensation are tough to nail under normal circumstances and are even trickier during tough times. In this article we plan to resurface a few well-known, but often overlooked, principles of compensation and motivation that can boost you and your team during these tough times. Let’s get into it!

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Straight Commission Can Deliver Twisted Results

The Pipeline

Compensation style dictates breadth of view and company culture. Compensation affects every employee’s focus and breadth of view. Aligning your compensation with your goals. But we quickly realized these goals were tough to achieve when our account, sales, and media teams each had their own compensation system and culture.

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Keeping Good Salespeople is Harder Than Finding Them!

Jeffrey Gitomer

Structure a fair compensation package that is commission based The more they sell, the more they earn. They help salespeople sell, and they’re a reflection of the quality of your business in the mind of the prospect. Have a generous compensation package that rewards success. Pay a larger incentive the second time.

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Can Women in Sales Overcome Unconscious Bias in High-Tech?

No More Cold Calling

She’d been there … as a customer of incentive compensation and a lover of performance management. This doesn’t just make us great at winning over prospects. Our rich relationships also set us up to get referrals , which convert prospects into clients more than 50 percent of the time.