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Incentive Compensation: What It Is & How to Structure a Plan

Hubspot Sales

Incentives are natural motivators — and sometimes, some "natural motivation" is exactly what your salespeople need to perform to the best of their abilities. That's why several companies leverage something known as incentive compensation : the practice of offering financial rewards for professional excellence. Annual Incentives.

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Proven Strategies for Effective Sales Management

Highspot

Read on as we break down why strong sales management matters, along with proven strategies to achieve it. They act as the bridge between the sales department and upper management, ensuring that sales strategies are implemented effectively and results are measured accurately.

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Price Bundling Strategy, Explained

Hubspot Sales

The Microsoft Office Suite and two reduced-price white chocolate macadamia cookies with the purchase of a six-inch Spicy Italian sub at Subway represent two sets of products priced by a strategy known as price bundling. A bundle pricing strategy will typically fall into one of two buckets — pure price bundling or mixed price bundling.

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Sales Strategy: 6 Steps to Increase Conversion Rates

LeadFuze

However, much like warfare, if you charge into battle without a proper sales strategy, you’re running blind. What is a sales strategy. A sales strategy is plan that outlines how a business is going to sell its products or services. A sales strategy enables a company to position itself and its offering in a meaningful way.

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4 Sales Training Strategy Tips to Boost Your Bottom Line

Crunchbase

In today’s age of digital transformation, sales management teams must adapt their sales training strategies to evolving consumer trends and the global shift towards remote work. In this article, we’ve outlined four tips to help you create an effective sales training strategy. Take advantage of eLearning opportunities. Image Source.

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How Sales and Marketing Can Collaborate (+Expert Tips)

Hubspot Sales

Meeting goals requires CSOs and CMOs to intertwine their unique roles and focus on unified, revenue-generating activities that support both go-to-market strategy and operational execution. A joint strategy streamlines operations, reduces resource waste, and boosts the overall efficiency of the sales funnel.

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How to Motivate Your Sales Team: 9 Tried-and-True Strategies

Hubspot Sales

Not only are there are many external factors that affect motivation, every person requires different incentives and motivational tactics. In my decades as a sales leader, I’ve used the following strategies to successfully motivate my team and drive motivation through the roof. This strategy is straightforward yet highly effective.