The Spiff Blog

OCTOBER 19, 2023

Recommended reading: 23 Quotes to Guide Your Sales Compensation Planning Process Compensation Transformation Tip #2: Emphasize customer retention and other expansion metrics. Market data shows that the proportion of ARR earned from new business has decreased from 61.4% in 2020 to 52.9% has increased from 29% to 36.3%

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Compensation Incentives Incentive Commission 83

Highspot

FEBRUARY 25, 2024

Sales operations teams frequently encounter hurdles such as juggling too many tasks, outdated procedures, insufficient data management, and communication breakdowns. When sales performance starts slipping, it’s a call to action for a sales operations strategy makeover. As a result, data silos emerge.

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Sales Operations Forecasting Incentives Incentive 52

Nutshell

MARCH 19, 2024

DOWNLOAD Ready to become a better sales leader? Get 70+ expert strategies for sales management success in our Sales Manager’s Survival Guide. FREE DOWNLOAD Why is sales productivity important? In fact, technology is evolving at such a rapid pace that many sales teams struggle to keep up with the changes.

How To 71

How To Sales Qualified Lead CRM Face-to-face 71

Janek Performance Group

OCTOBER 18, 2021

While teams that are behind need to score fast, they too must be mindful of time or risk giving up a last-second, game-winning field goal. In sales, the fourth quarter is equally important. In the fourth quarter, both sellers and buyers have additional incentive to get deals done. Ramp Up Coaching. Incentivize.

Lead Rank 118

Lead Rank Lead Scoring How To Incentives 118

Close.io

OCTOBER 1, 2018

So you want to become a sales manager ? First you’ll need to make sure you’ve got the right skills, experience, drive and track record at the helm in both selling and at managing others—in order to back yourself up. Want to get a ready-made set of resources to manage a sales team effectively?

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Sales Management Hiring Lead Rank Forecasting 115

Pipeliner

SEPTEMBER 1, 2020

Of all the essentials for a sales manager—and our research has turned up dozens—the first and foremost of these is the sales manager’s very own mindset. With it, the sales manager is capable of changing or worsening their team and their performance. The Big Sales Manager Complaint.

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Incentives Incentive Commission Motivation 98

The Spiff Blog

JANUARY 9, 2024

If you’re strapped for budget and can’t rely on new hires to hit your goals, here are some tried and true ways you can set sellers up for success in 2024. Streamline the ramp-up process. Sales ramp-up time can be costly, considering how much training and coaching is required to get new reps up to speed.

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Banking Hiring Churn Scale 84

The Spiff Blog

MARCH 31, 2023

Welcome back to our Sell Like a Girl series– where we’ve spent recent weeks unpacking gender bias in sales. Today we’re continuing this conversation by sharing a preview of our latest research on sales commission. While the data we uncovered is concerning, it’s not surprising. Let’s get into it.

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Commission Data Salary Face-to-face 52

Sales Hacker

AUGUST 20, 2020

If you’re managing a remote team, now is not the time to sell your sales contests short. Why Sales Contests? Sales contests are a tried-and-true tool in most sales managers’ arsenals and for good reason. Unfortunately, way too often, sales contests aren’t strategic or goal-oriented. Get Buy-In.

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Incentives Incentive Competition Distribution 103

Xactly

AUGUST 20, 2018

Although using automated performance management technology provides a great opportunity for companies to strengthen their sales strategy, there’s a catch. AI/ML technology and algorithms are important, but the true value lies within data. For companies to truly reap the benefits of AI/ML, they need access and the rights to data.

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Data Territories Compensation Incentives 45

SBI

OCTOBER 2, 2018

But migrating from a traditional cold calling model to one that requires a high-level of customization can be challenging, even for the most sophisticated inside sales environments. Here are 4 best practices that provide guidance and insight to put your inside sales teams on the right track to more effectiveness through personalization. #1

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Inside Sales Data Lead Rank Hiring 102

Xactly

JANUARY 18, 2019

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. Often, it includes a pay mix , made up of a base salary and variable commission pay. Gather as Much Data as Possible. Identify what elements (e.g.,

Commission 81

Commission Incentives Incentive Compensation 81

Zoominfo

MAY 13, 2018

Because sales is often commission-based and money-driven, stress and pressure run rampant. 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. There’s no way around it, stress drives activity and sales managers know this.

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Hiring Sales Qualified Lead Lead Rank Lead Scoring 258

Xactly

OCTOBER 10, 2018

When you wait until the end, you end up just running last year’s plan without any insights. You need to start pulling together internal data from your incentive compensation management system, data from your CRM, and finally, information from financial teams on profitability and product revenues. Watch Webinar.

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Compensation Incentives Incentive Webinar Metrics 79

LeadFuze

JULY 7, 2023

Knowing how to set sales goals is a crucial skill for any business owner, sales manager or marketer. It not only drives revenue growth but also helps in managing customer churn and acquisition costs effectively. But setting effective sales goals involves more than just choosing an arbitrary number.

Sales Goal 52

Sales Goal Churn Incentives Incentive 52

Highspot

JANUARY 4, 2024

Needs Evaluation Evaluate the selling skills and competencies your sales team currently has versus what they need to excel. Whether your chosen methodology is consultative, Challenger, Sandler, or something else, it’s all about finding a framework that resonates with your sales team and enhances their natural selling style.

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Webinar Metrics Training Strategy Ideal Customer Profile 52

The Spiff Blog

NOVEMBER 10, 2022

The use of sales commission software ensures access to real-time commission data for sales reps, leaders, and executives. Having this data readily available motivates arms reps with the information they need to focus their efforts on closing the right deals without worrying about inaccuracies or incomplete data.

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Commission Scale Compensation Software 75

SBI Growth

SEPTEMBER 20, 2012

As the leader of sales operations, I am sure you are working on: Updating CRM systems with new product information. Revising or building a new sales process to enable sales reps. Modifying sales reports and dashboards to enable sales managers to track new product sales. How do we drive change?

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Compensation Incentives Incentive Penetration 244

SBI

MARCH 18, 2015

The weekly sales forecasting process is the heartbeat of a sales teams’ activities, and intended to be a roadmap for the selling period. It currently takes legions of spreadsheets and armies of analysts in sales operations to roll up a sales forecast which ends up being immediately out of date.

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Up-Sell Revenue Sales Forecasts Forecasting 50

SBI

OCTOBER 16, 2012

Social Selling and Big Data at the Upcoming Sales & Marketing 2.0 Next week, Sales Dot Two Inc., will host the Sales & Marketing 2.0 The focus is purported to be on the benefits of big data for B2B sales organizations with an emphasis on social technologies. The Sales 2.0 Conference.

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Conference Social Selling Data Marketing 131

SBI Growth

JUNE 29, 2013

Fortunately, the selling role is uniquely suited for gamification for several reasons. The 4 primary characteristics that make it an accelerant to onboarding include: Competitive Environment: Top sales people are highly competitive. Incentive Compensation: Sales people are “coin-operated.” Bonus Points: CRM Adoption.

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Hiring Case Study Lead Rank Lead Scoring 326

SBI Growth

OCTOBER 29, 2012

The plan looks great – equitable, in line with competition, attractive to sales. But wait – this new incentive compensation plan could flop. Take the time to test your new Sales comp plan for compatibility – compatibility with culture and other drivers. So, he commissioned HR to design a new incentive compensation plan (IC Plan.)

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Compensation Hiring Incentives Incentive 253

Sales Hacker

SEPTEMBER 27, 2022

In this episode of the Sales Hacker Podcast, we have Scott Barton , VP of Industry Solutions at Varicent. He’s an expert in the sales world, particularly in revenue operations and incentive compensation. Join us for a great conversation about driving the right behaviors within your sales team. powered by Sounder.

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Compensation Incentives Incentive Quota 80

Sales Hacker

MARCH 30, 2021

They’ve built a new process of guided selling, which Neil discusses during the show. If you missed episode 153, check it out here: Learning Drives Sales Effectiveness with Paul Fifield?. How Revenue Grid enables smarter selling. Guided selling and engagement. Scaling sales during the pandemic.

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Oracle Scale SalesForce Incentives 102

Apptivo

MARCH 9, 2023

3 Ways sales automation can help your reps sell more! Bye-bye manual tasks, hello sales automation! However, at times no matter how long one stretches, sales tasks eat up a lot of productive hours. 3 Ways sales automation can help your reps sell more! Automated follow-up Drip!

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Sales Automation Lead Rank Lead Scoring Campaigns 64

Sales Hacker

JULY 17, 2019

Now, look at his advice: To become a sales manager, you essentially need to become an extension of your HR team — something every employee can do to make a positive impact on the organization. Of course, I also wanted feedback from industry veterans — the folks who are training & coaching sales management teams around the globe.

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Promotion Sales Management Hiring Lead Rank 79

Hubspot Sales

JULY 25, 2023

Whether you’re skeptical, curious, or fully on board, it’s important to educate yourself about how sales reps are using AI. At the very least, you’ll stay up-to-date on trends in sales. Prospect Outreach AI alleviates one of the most time-consuming tasks in sales: prospecting. Transcribing Sales Calls.

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Top of Funnel Forecasting Sales Qualified Lead Lead Rank 79

Cincom Smart Selling

FEBRUARY 9, 2016

We loaded up our Mercury Meteor and after endless hours of driving across the wasteland of Kansas, we final crossed the border into Colorado. I kept asking my dad to stop the car so I could just “run over to that mountain” and climb up to the top. Goals – Successful selling and deliberate goal-setting work together very well.

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Channels Sales Management Sales Qualified Lead Collateral 83

Steven Rosen

SEPTEMBER 21, 2015

That could crush your sales organization. Let’s face it, being a sales executive has become increasingly more difficult. Chances are next year’s sales objective is going up and your budget is being reduced. Implement a comprehensive sales enablement strategy to maximize your team’s output.

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Sales Leadership Face-to-face Coaching Incentives 120

Gong.io

JULY 11, 2022

Inside sales is basically any sales made from an office environment (you know, inside), so it takes place largely over phone and email, though the use of social media messaging and video conferencing is increasingly common. When you book a demo with one of the team, you’re speaking with an insides sales representative.

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Inside Sales Outsourcing Services Hiring Sales Qualified Lead 62

Showpad

AUGUST 23, 2018

Sales managers at any organization are in a position to guide and motivate those they lead, similar to the coach of a sports team. So it would make sense to give managers the proper training for sales coaching, right? Unfortunately, many sales managers do not know how to coach properly and aren’t being held accountable.

Coaching 45

Coaching Sales Management Scale Sports 45

Zoominfo

NOVEMBER 3, 2019

Because sales is often commission-based and money-driven, stress and pressure run rampant. 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. There’s no way around it, stress drives activity and sales managers know this.

Hiring 100

Hiring Sales Qualified Lead Lead Rank Lead Scoring 100

PandaDoc

OCTOBER 30, 2023

Key takeaways Sales gamification can improve performance by drawing attention to specific metrics, sales targets, and KPIs. Employee engagement increases when the incentives are worth the effort required to do well. Manage your sales activities twice as fast Increase your close rate by 36% wuth PandaDoc.

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Sales Process Incentives Incentive Hiring 52

Hubspot Sales

OCTOBER 2, 2019

When your sales reps are building the skills they need to feel prepared and successful in their roles, they are more likely to report job satisfaction and feeling valued by their employer — factors that make them less likely to jump ship. Looking to set your sales team up for this kind of success? Performance-based compensation.

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SAP Oracle Compensation Territories 119

Highspot

OCTOBER 30, 2023

Several factors can affect sales performance, such as the competition, quality of your product or service, and consumers’ expectations. Understanding how such factors can impact the number of sales is the first step to leveling up your team’s performance. Personalized coaching, based on real-time data, can uplift each member.

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Lead Rank Lead Scoring Churn Top of Funnel 59

Mindtickle

JANUARY 19, 2023

In this blog post, we’ve rounded up sales productivity stats from the leading research firms and vendors in the sales enablement space to put together stats bucked into a few different categories: customer experience; rep time management; sales managers; sales enablement; and technology usage.

Strategy 52

Strategy Cold Calling Lead Rank Lead Scoring 52

Salesmate

JUNE 4, 2021

One such practice is that of providing sales incentives to the salespeople. What are sales incentives? Call it what you will, incentives are what get people to work harder.” – Nikita Khrushchev . Let’s look into what type of sales incentives can be provided to your sales reps to grow their performance.

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Incentives Incentive Compensation Motivation 105