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How to Train a Sales Team on Products: Use Modern Software, Not Old-Fashioned Training Techniques

Bigtincan

Traditional product training for enterprise sales organizations and retail employees often includes hour-long training videos, reviewing lengthy recorded calls, reading through documentation, and a bunch of other time-intensive training processes that require your sales reps to absorb and, hopefully, retain product information.

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Enterprise vs. Small Business: The Difference in Commission Structure

Xactly

Since sales is tasked with increasing revenues, incentives are an important part of achieving those goals. An Enterprise company might very well offer a medium base salary and a medium commission because they already have an established pipeline of incoming sales and managed territories. After that, it might be pure commission.

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A complete guide to creating a sales plan for your business

Apptivo

The sales plan is a detailed document containing goals, strategies, milestones and target dates. These include: Pay (salaries, incentives & commissions), Sales resources and tools for sales training, Prizes and incentives for contests, team-building activities, travel expenses, Food, and other related expenses.

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How to launch a cold canvassing campaign: 5 simple steps

Close.io

If you locate your prospects in high concentration in a territory, then cold canvassing will work well. Monroe Systems for Business built a personalized system using Smart Views in Close to look at their territory level data granularly. Travel costs - Does your territory require traveling by air or commuting by their cars?

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How to Build Effective Sales Compensation Plans for Any Customer Facing Role

Sales Hacker

Know what to Include in a Sales Incentive Plan. This is what the person would be paid annually and it has two elements; a base salary and a sales incentive held against sales, also known as variable pay. NOTE: We recommend refraining from calling any sales incentives a bonus. Determine Total On-Target Earnings (OTE).

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Data Visualization: Putting the Design in Comp Plan Design

The Spiff Blog

And, data visualization tips you can use right away to immediately increase the impact of your sales incentive programs— without having to overhaul your entire system. Half a century ago: Reps would travel thousands of miles per year and pitch out of their briefcase, often using product catalogs. Let’s dive in! Think about it.

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