Thu.Oct 18, 2018

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5 Tips for Designing Successful Sales Incentive Compensation Plans

Xactly

Few leading indicators are more predictive of a company’s future sales performance than its incentive compensation plans. As former Reliance Electric CEO Chuck Ames once said according to General Electric CEO Jack Welch, “Show me a company’s various compensation plans, and I’ll show you how its employees behave.”. While multiple factors influence the effectiveness of your sales incentive compensation plans, 5 tips stand out: 1.

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Why You Need to Make Time for Asking for Referrals

No More Cold Calling

Getting referrals business should be top. priority in your sales prospecting techniques. Message to sales leaders: Your job is to get the rocks off the road so your team can close deals, exceed quota, and blow past revenue goals. That’s not happening with cold calling. Account execs remain overwhelmed with conflicting messaging, technology overload, and lack of resources.

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How to Leverage Artificial Intelligence At Your Next Business Event

Zoominfo

Event marketers have always been at the forefront of cutting-edge technology, as they strive to grab and keep attendee interest long after each event is over. So, it should come as no surprise that AI has become a staple at industry events. In fact—88% of event professionals said they plan to use artificial intelligence in 2018, a 107% increase from the previous year ( source ).

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Why Your Sales Talent Program is Failing

SBI Growth

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The New GTM Playbook: 18 Ways to Future-Proof Your Sales Team

Longer sales cycles. Increasingly discerning buyers. More meetings. Intensifying competition. Economic uncertainty. Go-to-market teams of every size, in every industry, are grappling with these challenges firsthand. Thankfully, there’s an answer. We’ve developed an entirely new way for GTM leaders to identify and execute proven, data-driven strategies that drive revenue.

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The Art of Asking Great Questions

Anthony Cole Training

Watch Sales Guy Unplugged: Are Your Sales Questions Courageous Enough?

How To 182

More Trending

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Are You Solving the Wrong Sales Problem?

Engage Selling

Could you be solving the wrong sales problem? In other words, is the culprit behind a lack of sales the real issue, or an easy “scapegoat” which is masking the real problem?

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Doing More Of What Doesn’t Work!

Partners in Excellence

Imagine sitting in some sort of sales kickoff meeting or conference, and the keynote speaker enthusiastically jumps on the stage and shouts, “You need to do more of what doesn’t work!” Your initial reaction might be, “WTF!?!??” But the speaker continues, pacing back and forth, showing great slides, extorting you to do more of what doesn’t work.

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Do You Have A Proven Resource:  Introducing the Sales Experts Channel

Smooth Sale

Attract the Right Job or Clientele: Deb Calvert, The Sales Experts Channel provides today’s Blog Story and her Proven Resource! Why I Created the Sales Experts Channel to Be A Proven Resource: I launched The Sales Experts Channel in 2017 with this stated Mission: “ _.”. I was serious about that mission! I strongly believe that there’s a need for sellers and sales managers to have a reliable place where they can get free and easy access to content from people who don’t have a hidden agenda.

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Five Ways to Create a Sales Culture

The Center for Sales Strategy

What is your sales culture? Do you even have one? I frequently hear from sales managers the need for a “sales culture,” but often they don’t really know what their own sales culture is or how to build one.

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Supercharge Your Sales: 5 Steps to Effortless Selling

Sales teams often lose precious time hunting for updated sales materials, while marketing struggles to keep these assets accessible and current. It's not just about managing; it's about seamlessly finding, presenting, and sharing critical sales content. All of this takes place within an intuitive, unified platform. Dive into Showell's groundbreaking content management realm.

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3 Great Ways to Make Your Customers Purchase Decision Easier

Jeff Shore

By Jeff Shore. ?A customer wants to buy a computer. The salesperson knows all about computers and gets into the details – fast. He’s quickly talking about terrabytes and RAM and screen resolution and gaming speed. Only one problem: the customer basically wants to check Facebook, manage the calendar, and watch an occasional YouTube video. Of course, that’s not the real problem.

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A Beginner's Guide to General Ledgers

Hubspot Sales

I don't pay for much with checks anymore, but when I do write one to pay rent every month, I always write down the check number and the amount in the little paper ledger at the front of my checkbook. As it turns out, this isn't the proper way to maintain a ledger at all. Whoops. Instead, financially-minded individuals -- and businesses -- use ledgers to fastidiously document money that's they're paying out, or being paid.

Journal 59
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[Infographic] 2018 Mid-Market Study on Sales and Incentives

Xactly

Compensation and incentive pay plays a big role in the success of a sales organization. Incentives drive sales behaviors, but when reps get paid incorrectly, it can lead to some big problems, specifically rep turnover. In a recent survey with Salesforce and the CFO Alliance, we found that when faced with incorrect compensation payments and increased turnover, 50 percent of companies don’t adjust their forecasting or compensation plans.

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The Key to Employee Development in Retail

Bigtincan

by Brandon Brooks One of the greatest opportunities of my professional career happened when an organization took a chance and allowed me to take on roles and challenges that, on paper, I was nowhere near qualified for. I have a degree in music performance, but it was a stint as a part-time sales associate that […].

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3 Sizzling Ways to Warm up Cold Calls

Even in today’s data-driven sales world, cold calling remains a fact of life for many go-to-market professionals. Fortunately, today’s sales leaders have a crucial advantage over their predecessors: market intelligence and outreach platforms that can warm up virtually any introduction.

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John Cleese, Comedy & You

Anne Miller

Some people love to perform, and I envy them, but I was often scared that I would make a mistake, get a rhythm wrong, not get the laugh. That is John Cleese writing in his autobiography, So Anyway.You have likely seen some of his hilarious shows.

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SalesPOP Contributor Spotlight – Elinor Stutz

Pipeliner

Elinor Stutz is October’s Contributor Spotlight! Each month, SalesPOP! interviews one of our top contributors, giving readers a peek into the mind of experts in the sales industry. Stutz has had a long relationship with SalesPOP!, sharing her insights as one of the “65 Business Women Influencers.” Her SalesPOP! Contributions include numerous blog articles such as Do You PRactice Buying to Improve Sales?

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Business Negotiations: The Best Tool for VPs of Sales, Sales Managers & other Sales Leaders

criteria for success

Business negotiations are a vital element of success in business, particularly sales. By definition, it’s a bargaining process between two or more parties - each with its own aims, needs, and viewpoints - seeking to discover a common ground and reach an agreement to settle a matter of mutual concern. In this post, we will [ ] The post Business Negotiations: The Best Tool for VPs of Sales, Sales Managers & other Sales Leaders appeared first on Criteria for Success.

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Where Do Our Leaders Come From? – by Nicholaus Kimla

Selling Fearlessly

My last blog post ended with an admonition to today’s leaders to wake up to the fact that on this tiny blue planet we are all interconnected, and war is no longer any kind of solution to our issues. That led me to start thinking about our next generation of leaders. Where do they come from? Are they […].

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Redefining the CDP: 8 Data-Driven Designs for Successful Customer Journeys

In this guide, discover 8 use cases for how a customer data platform can tackle common challenges faced by marketing, commerce, service, and sales teams. With helpful diagrams and simple explanations in each use case, see how Salesforce’s CDP, Data Cloud for Marketing, powers personalized, real-time experiences across marketing, with capabilities that include: Optimizing ad spend Powering dynamic website content Increasing upselling and cross-selling Resolving service cases with marketing data B

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TSE 945: TSE Hustler’s League-“Overselling”

Sales Evangelist

You cannot oversell to your prospects. We’ve been talking all month about closing, and about what you can do in your closing efforts to give your clients exactly what they want. On today’s episode of TSE Hustler’s League, we’ll discuss how to improve closings and how to avoid overselling. The TSE Hustler’s League is an online […] The post TSE 945: TSE Hustler’s League-“Overselling” appeared first on The Sales Evangelist.

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5 Showtime18 Companies Go Home With Best-in-Class Trophies at SAM Awards!

Showpad

Showtime18 is not only the biggest sales enablement conference in the world, it also is the place where sales enablement projects from all over the globe are recognized for their creativity, quality, effectiveness, and execution. On Wednesday, Showpad hosted the Showpad Sales & Marketing Excellence Awards (SAM Awards), which recognizes and promotes best-in-class sales enablement projects from customers and partners who are proven leaders in their industry.

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Successful Sales Calls: Let the Customer Do the Talking

Paul Cherry's Top Sales Techniques

First-time sales calls When meeting with a prospect for the first time, Don’t bring the usual “bag of tricks” to the meeting: No PowerPoint presentation No sales literature No brochures No charts or graphs No reports ? Your Number One Job Instead, try focusing on the customer. A key factor in determining the success of a sales call is this one important question: Who did most of the talking?

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How to Be a Good Sales Manager

Selling Energy

A sales manager should always be asking his people for stories so their Success Story Archive™ becomes a living document. He should be quizzing his people to make sure that they have read all of them, because when they're out in the field they’ll need to remember them.

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Outrun Your Competition: Best Practices for Accelerating Sales Processes

Longer sales cycles. Larger buying committees. Slow-moving compliance reviews. Every go-to-market team knows the frustrations that come from a drawn-out sales process. How can you speed it up? By building a modern GTM motion that uses data, automation, and proven best practices to unlock insights, engage customers, and win faster.

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3 Ideas to Enable Customer Service Teams

Lessonly

Customer experience is quickly becoming the number-one competitive advantage and a proven driver of long-term growth. While companies recognize the importance of great customer service, leaders are often overwhelmed by the different processes, tools, and strategies that impact the customer experience. So, what are the most efficient and effective ways to improve customer service?

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6 Steps for More Compelling B2B Product Pages

Zoominfo

Today’s B2B buyers conduct most, if not all, initial product research online. As a result, your company’s website and related B2B product pages are critical to the success of your organization. If you’re creating a new business website or simply optimizing existing product pages, today’s blog post is for you. Keep reading! 1. Be concise. If your first instinct is to take a deep dive into product details—resist the temptation.

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What a Window Washing Company Can Teach You About Complex B2B Sales

SalesLatitude

Up until the other day, any possible connection between window washing and complex B2B sales would have never entered my mind. That is, not until we were getting our windows cleaned. (When you live in NYC, you definitely don’t want to do this yourself.) That day, I became inspired by something surprising: The value messages that were printed on the back of the workmen’s company tee shirts.

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