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3 Must-Haves When Designing a Modern Sales Incentive Program

Crunchbase

During the past two years, sales professionals have faced budget and hiring freezes along with multiple bouts of layoffs across industries — especially in tech. It’s less than ideal that the average sales turnover rate is 35%, compared to a 13% average turnover rate for all other roles. Why the disparity?

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10 sales incentives that actually motivate sales teams

Zendesk Sell

Motivating your sales team month after month is no easy task. Not all sales incentives are created equal. A gift card to a chic boutique might motivate one sales rep but bore another. A sales incentive is effective only if it’s something your team actually wants. What are they passionate about? Tech goodies.

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Founder Q&A Series: Incentives and Compensation Structure

Sales Hacker

Spiff budget for monthly incentives/contests (keeps it fun). Cost of living limits incentive %. Farlan Dowell , Fractional VP Sales, Coach, Advisor at Upright Ventures: Each moment that a rep spends on commission is a moment that she can’t spend with customers or thinking about value proposition etc. Appreciate you.

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Don’t Neglect Channel Partner Programs

Sales and Marketing Management

Author: Paul Nolan In today’s buyer-centric world, salespeople need to create value more than ever or they won’t get in front of prospects. Training is essential to having success with channel partners, and just as in-person sales calls shifted to virtual due to the global pandemic, so too has channel partner training.

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5 Key Pillars of Effective Sales Performance Management

The Spiff Blog

As a sales leader, you already know that effective sales performance management isn’t just setting lofty sales targets and then pushing your team to achieve them. These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement.

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How to Accelerate Sales Performance in Q4

Janek Performance Group

Of course, the first three quarters count, but in many ways, they are setup for the final fifteen minutes. In sales, the fourth quarter is equally important. In the fourth quarter, both sellers and buyers have additional incentive to get deals done. For many sales organizations, time speeds up in the fourth quarter.

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How to Use Webinars to Sell Your Online Course in 5 Simple Steps

Hubspot Sales

While that’s a positive thing for the industry and course creators, it will inevitably make the space more competitive. If you’re a course creator already established in your space, that means the coming years will bring more competition. Either way you’ll want to focus on improving your conversion rate to maximize sales.