The Spiff Blog

FEBRUARY 9, 2023

But one thing sales and RevOps leaders all have in common is that they collectively struggle to set realistic, motivating sales quotas. If quota setting is critical to forecasting, goal setting, and sales capacity planning , how is it that so many organizations still miss the mark? In fact, with only 24.3%

Quota 70

Quota Revenue Lead Rank Territories 70

Sales Hacker

DECEMBER 12, 2017

On top of that, why are sales people some of the few employees subject to variable compensation structures? I wish I could say it’s all about incentives, but the truth is a bit more nuanced than that. Queue the picture of the stereotypical sales person on stage with a massive check. What is Variable Pay Compensation Anyway?

Compensation 79

Compensation Hiring Incentives Incentive 79

Smooth Sale

MAY 15, 2023

No one disputes that running a successful business takes hard work and dedication, but working hard alone may not guarantee success. It’s best to establish open lines of dialogue between both parties to ensure proper alignment and progress toward mutually beneficial objectives. Celebrate Success!

Strategy 78

Strategy Analytics Maximizer Customer Service 78

Apptivo

OCTOBER 3, 2022

The difference is, with the first sale, the business has got a buyer, and when the business makes the buyer come back and buy more, they have got themselves a customer. The goal is to ensure that the prospect is aware of the brand as it lowers the barriers when the actual sales call / sales interaction is made. Introduction.

Marketing 98

Marketing Lead Rank Lead Scoring Campaigns 98

Hubspot Sales

JUNE 5, 2019

What is channel sales? In a channel sales model, a company sells through third partners -- affiliate partners (who get commission on each purchase), resellers, value-added providers (who typically bundle your product with their own), or another entity that doesn't work for it directly. The Definition of Channel Sales.

Channels 101

Channels Lead Rank Hiring Lead Scoring 101

Chorus.ai

SEPTEMBER 12, 2019

It’s even more exciting when you’ve got a new or revamped product, or a slew of new features, and you need to develop and launch a brand new sales strategy that will take your product to the top spot it was made for. There are an unlimited number of angles from which you can attack a sales strategy. What is a sales strategy?

Ideal Customer Profile 62

Ideal Customer Profile Top of Funnel Webinar Metrics Strategy 62

Jonathan Farrington

AUGUST 28, 2014

When I am asked to diagnose why an individual – or even an entire sales team - are not performing at optimum levels, I usually ask just four very straightforward questions: Are they visiting/talking to enough clients/prospects? Wrong or no motivation – Not properly motivated to meet objectives.

Penetration 48

Penetration Incentives Incentive Guarantee 48

The ROI Guy

JANUARY 3, 2012

I n 2011 you worked hard to produce new value-focused tools, empowering your sales team to meet the growing challenges of today’s more empowered, skeptical and frugal buyer. And you are not alone, as SiriusDecisions reports that the average company now spends a whopping $43K on marketing content and sales tools per salesperson per year.

Sales Tools 80

Sales Tools Tools Incentives Incentive 80

The ROI Guy

APRIL 12, 2013

You’ve worked hard to produce new value-focused tools, empowering your sales team to meet the growing challenges of today’s more empowered, skeptical and frugal buyer. And you are not alone, as SiriusDecisions reports that the average company now spends a whopping $43K on marketing content and sales tools per salesperson per year.

Sales Tools 68

Sales Tools Tools Incentives Incentive 68

Jonathan Farrington

MARCH 14, 2012

When I am asked to diagnose why an individual – or even an entire sales team - are not performing at optimum levels, I usually ask just four very straightforward questions: • Are they visiting/talking to enough clients/prospects? Wrong or no motivation – Not properly motivated to meet objectives.

Penetration 38

Penetration Incentives Incentive Guarantee 38

The Spiff Blog

MARCH 10, 2022

They haven’t been given the chance,” says Chris Smith, Spiff sales manager and co-chair/executive sponsor of our BIDE Committee (Belonging, Inclusivity, Diversity & Equity). This makes it easier to compare responses objectively to predict success in the role. Set realistic hiring goals. Cultural fit”. More to come….

Hiring 55

Hiring Promotion Demographics Lead Rank 55

Showpad

AUGUST 31, 2018

Your sales kickoff (SKO) is not just another sales meeting; it’s a time to gather all your reps at the start of the year to review the past 12 months and motivate them as the next 12 ramp up. Follow these tips to guarantee your sales reps stay focused and on track and carry that with them post-SKO.

Face-to-face 40

Face-to-face Objections Retention Collateral 40

LeadFuze

DECEMBER 31, 2021

Need Help Automating Your Sales Prospecting Process? However, you can’t always guarantee that this will be high quality traffic and so there are other ways you should work on drawing in visitors. Step 2) Write down a list of objectives that will help meet those needs. A CRM is a system that gets your sales organized.

Paid Content 52

Paid Content Ideal Customer Profile Top of Funnel B2B 52

InsideSales.com

OCTOBER 23, 2019

At Abstrakt , we’ve scheduled more than 100,000 B2B sales meetings in the last eight years, so we have unique insight and hundreds of thousands of hours put into mastering this skill. ” According to Anthony Parinello in the book Selling to Vito , targeting the CEO/President/Owner will result in: A shorter sales cycle.

Decision Maker 63

Decision Maker Cold Calling How To Gatekeeper 63

Sales and Marketing Management

JUNE 22, 2020

“The more integrated accounting, finance, production, sales and service data, the better the pipeline, backlog, order, margin and revenue decisions every business will be able to make,” he writes for Forbes.com. Although the shock to sales is widespread, companies are wrestling with different challenges. 4 smart steps. Content check.

Margin 194

Margin Discount Incentives Incentive 194

Sales Hacker

MAY 9, 2019

A great sales compensation plan needs to accomplish quite a lot. And of course, a strong sales comp plan needs to motivate reps to hit goals that grow the company while still maintaining a profit margin. The Process for Creating a Sales Compensation Plan. Know what to Include in a Sales Incentive Plan.

Face-to-face 102

Face-to-face Compensation Commission Lead Rank 102

OnePageCRM

MARCH 8, 2017

There’s an old joke in sales about selling products at a loss but making it up on volume. A common complaint from sales teams is: we can outcompete and make more sales simply by reducing prices. TOTAL $19,547 from 322 sales. Sales had increased 25% over the previous book due to larger audience, but revenue was up by 77%.

Discount 55

Discount Lead Rank Top of Funnel Enterprise 55

LeadFuze

OCTOBER 6, 2021

What Is Outbound Sales? All sales reps need to know about outbound sales strategies, but before we go ahead and discuss all that, let’s focus first on the definition of outbound sales. Outbound sales are those in which a seller initiates contact with a prospective buyer. 7 Steps to Run Outbound Sales Campaign.

Outbound 52

Outbound Ideal Customer Profile Strategy Consumer 52

Hubspot Sales

AUGUST 27, 2020

You can use a single question to determine how experienced a sales manager is: “What has a bigger impact on your team’s success, sales skills or motivation?”. The reality is, motivation isn’t just a little more important than sales skills — it’s far more influential. Run a daily sales contest and give away a daily prize.

Marketing Qualified Lead 119

Marketing Qualified Lead Retention Motivation Lead Rank 119

The Spiff Blog

JUNE 8, 2023

Here’s a scenario that any salesperson can relate to, whether they’re an entry-level sales rep or an expert seller with decades of experience: a prospect demonstrates interest in a product, responds to inquiries with enthusiasm– and then, out of nowhere, they disappear. Just wanted to touch base about our previous conversation.”

Prospecting 72

Prospecting Top of Funnel Follow-up Face-to-face 72

LeadFuze

JULY 6, 2021

When this technique is used by retailers who sell physical goods, it’s often called markup pricing since they simply mark up what something actually costs for how much profit they want to see from each sale. Stores will often put prices on clearance items to up their sales numbers. We don’t want them to be thinking that.

Proposal 98

Proposal Strategy Discount Social Media 98

LinkedFusion

AUGUST 29, 2023

For your prospect database to see, create fresh incentives and offers for prospects and promote them on social media. How can integrate Sales Navigator to close more deals? One of the main factors influencing people’s decisions to subscribe to the sales navigator is LinkedIn’s comprehensive and unlimited search feature.

LinkedIn 52

LinkedIn Tools Ideal Customer Profile Campaigns 52

Hubspot Sales

OCTOBER 4, 2017

The jump from salesperson to sales manager is extremely challenging. Some are prescriptive about every aspect of the sales process, from prospecting methods and soundbites to objection-handling techniques. A sales manager cannot act as a lone wolf, so it’s a huge red flag if the interviewee can’t think of a coworker.

Sales Management 91

Sales Management Hiring ACT Quota 91

Sales Hacker

SEPTEMBER 13, 2019

For those of us in sales, it can be stressful, unpredictable, and downright exhausting. . To figure out what’s working today, we partnered with Outlaw to survey top sales professionals to get their best tips. Mary Grothe , Sales BQ. I like to create urgency at the very beginning, tying incentives that benefit the buyer directly.

Closing 77

Closing Strategy Quota Pipeline 77

Zoominfo

FEBRUARY 23, 2018

Anyone in sales or marketing will tell you that finding and maintaining high-quality data is a full-time job. Without it, your sales team wouldn’t be able to identify, target, and connect with their target prospects and companies. And, is there really any difference between the companies offering sales intelligence solutions?

B2B 100

B2B Data Marketing Vendor 100

Xvoyant

MAY 1, 2019

This presents a challenge for sales managers. Good sales habits mainly arise from focused onboarding and training programs. And as any sales professional knows, this line of work generates competition, confrontation, and rejection in ways you can’t experience anywhere else. Scott Leese | SVP Sales: Qualia, Bestselling Author.

Ideal Customer Profile 63

Ideal Customer Profile Top of Funnel Buyer Persona Hiring 63

Close.io

OCTOBER 29, 2018

Sales productivity can be a pretty nebulous term. At its core though, sales productivity is all about increasing your number of sales for the amount of time you spend actively selling. Want all of our best sales productivity tools, content, advice and templates? Get access to The Sales Library now.

Lead Rank 117

Lead Rank Closing Lead Scoring Hiring 117

Hubspot Sales

NOVEMBER 6, 2019

Your organization needs an effective sales hiring strategy to survive. The average annual turnover for sales teams is around 27% , meaning that if you have 10 reps, you could lose three of them within the year. The only way to maintain — and, ideally, to increase — sales performance is to hire often and well.

Hiring 78

Hiring Salary Scale Referrals 78

Xvoyant

MAY 1, 2019

This presents a challenge for sales managers. Good sales habits mainly arise from focused onboarding and training programs. And as any sales professional knows, this line of work generates competition, confrontation, and rejection in ways you can’t experience anywhere else. Scott Leese | SVP Sales: Qualia, Bestselling Author.

Ideal Customer Profile 48

Ideal Customer Profile Top of Funnel Buyer Persona Hiring 48

OnePageCRM

MARCH 8, 2017

There’s an old joke in sales about selling products at a loss but making it up on volume. A common complaint from sales teams is: we can outcompete and make more sales simply by reducing prices. TOTAL $19,547 from 322 sales. Sales had increased 25% over the previous book due to larger audience, but revenue was up by 77%.

Strategy 20

Strategy Discount Lead Rank Enterprise 20

Apptivo

APRIL 8, 2022

Lead generation is important for businesses today, as it can result in sales and increase the revenue of your business. Acquiring leads is one of the important objectives for any business. What is to be understood is if your prospects are not willing to buy what you sell, then eventually there will be a drop in sales.

Paid Content 98

Paid Content Lead Generation Lead Rank Lead Scoring 98

The Spiff Blog

OCTOBER 12, 2023

How well can you explain (or defend) the way your company compensates sales employees? In today’s world, where pay transparency and compensation fairness are increasingly in the spotlight, sales employees and high-quality job candidates want to know more than just “how” your sales reps are paid. Let’s get into it!

Compensation 84

Compensation Commission How To Incentives 84

Close.io

SEPTEMBER 4, 2019

Sales data can be a double-edged sword. On the one hand, data can help you make smart decisions, uncover new opportunities, and crush sales targets. So how do you separate the signal from the noise, and only deal with the sales data that matters most? The answer: with a sales dashboard. The answer: with a sales dashboard.

Examples 82

Examples Top of Funnel Forecasting Lead Rank 82

SalesHandy

OCTOBER 28, 2022

For example, Leads that are ready to make a purchase i.e. Sales Qualified Lead (SQL) The survival of your business is dependent upon getting 300 leads each quarter. Are your inbound lead generation strategies able to guarantee this? Outbound Sales Team. Your company needs a specific type of lead, how do you get it?

Lead Generation 59

Lead Generation Paid Content Outbound Ideal Customer Profile 59