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Five Ways Leading Distribution Sales Reps Use Data to Meet Their Goals

Sales Management Plus -- SMP

Distribution sales teams are under a lot of pressure to produce results. Sales managers can use data to help them make informed decisions about how to lead their sales teams. In this blog post, we will discuss some ways that sales managers can use data to improve their sales performance.

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Wells Fargo: The True Cost of “Unchecked Incentives”

OpenSymmetry

Though these are not necessarily uncommon practices in many sales organizations, Wells Fargo is being accused of taking things a step further by using these tactics to drive salespeople to reach unrealistic sales goals or face termination. What kind of behavior do current incentive compensation plans promote?

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6 Steps to Setting Up The Perfect Remote Sales Contest

Sales Hacker

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. Nail Down Incentives. If your incentive funds got slashed, you’ve still got options.

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Protecting Your Best Accounts from Competitive Encroachment

Sales Management Plus -- SMP

This may involve creating more comprehensive marketing campaigns, strengthening relationships with key customers, or providing additional incentives to retain loyalty. By proactively anticipating and responding to potential threats, distributors can continue to build on their customer base and benefit even in difficult environments.

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KPI’s – What Are They To You?

The Pipeline

Examples in sales may be lead to opportunity conversions, or proposals to close. You often hear sales managers and director speak of how they are doing against their KPI’s. Or “what do you want me to do, get sales or complete the KPI’s you gave me?” Looking at it that way can be a part of potential problems.

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4 ways to use sales gamification in your sales process

PandaDoc

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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4 Reasons to Automate Your Sales Commission Process

The Spiff Blog

Sales managers can also motivate their teams based on metrics like quota attainment , commission earned, and more! With sales commission software, finance and RevOps teams can also spend less time manually compiling and distributing end of month commission statements since the data is available in real-time.