The Spiff Blog

OCTOBER 6, 2022

Wherever you find your company on the proverbial path to success, chances are you’ve had to tweak your sales commission structure to match the stage your business is in, and for the type of business you’re in, to keep sales reps motivated and continuing to generate revenue. Why are you changing the incentive compensation plan?

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Xactly

OCTOBER 29, 2018

This ultimately allows for better sales, territory, and compensation planning; thus, a stronger sales organization as a whole. . For example, if you notice that rep performance tends to drop off after they meet quota, you may need to examine if your incentives are truly motivating reps to meet and exceed their targets.

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Data Top of Funnel Territories Compensation 85

Hubspot Sales

JULY 22, 2020

With gamification and achievements to recognize good practices, sales teams are motivated to increase productivity and incentivized to create good habits. It tracks multiple metrics, creates leaderboards, and helps individual reps with custom targets so they are motivated to hit their own goals. TimeTrade Sales Scheduling Software.

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Tools Closing Territories Hubspot 108

Xactly

NOVEMBER 15, 2018

In fact, the best way to ensure sales managers do their job well is by creating an incentive plan that drives the right behaviors. Download our "Ultimate Guide to Sales Compensation Planning" for incentive best practices and everything you need for a sales comp plan design project. Annual Target Incentive. On-Target Earnings.

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Compensation Examples Sales Management Incentives 87

Xactly

SEPTEMBER 20, 2018

From territory planning to sales team organization, to sales coaching and leadership strategies to sales compensation planning, each element helps to create a strong sales plan. Sales operations and compensation professionals must create an incentive plan that will drive growth for the company and attain executive objectives.

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Compensation Incentives Incentive Lead Rank 40

OpenSymmetry

FEBRUARY 10, 2016

In the first scenario, the eager software sales rep wants to expedite the project start and does not want to introduce any delays in their sales pipeline. They are thinking about a potential 6-12 month delay in the sales pipeline, then delayed recognition of the software sale before the project can get underway.

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InsideSales.com

JULY 1, 2020

Sales Territories. To ensure that your company continues to grow its sales revenue, the company software should be reviewed and updated accordingly. Software is not only to monitor and track sales data, but it is essential to provide necessary marketing and sales training to both sales teams and clients. Sales Territories.

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Revenue Strategy Territories Forecasting 58

Hubspot Sales

OCTOBER 2, 2019

Having clear, visible goals and incentives builds well-rounded sales professionals. Having a set performance management plan keeps compensation structure and overall business objectives aligned, resulting in a more motivated sales team. Sales Performance Management Software. Performance-based compensation. Image source: Xactly.

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Xactly

JULY 5, 2018

For reference, here is a sample compensation plan of a Sales Manager role typically used for a Software as a Service company (learn more about the software sales commission plan, here ). Annual Target Incentive. Alongside your sales territories , your compensation plan(s) are critical components of your overall sales plan.

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Compensation Sales Management Examples Commission 69

Hubspot Sales

APRIL 24, 2019

Will additional bonuses or incentives be a part of the compensation plan? In sales compensation, there isn't room for do-overs Introducing a new compensation plan moves the goals and targets and the morale and motivation of your sales team will diminish. And they're paid on a territory-wide versus individual sale basis.

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Commission Salary Compensation Territories 122

Sales Hacker

SEPTEMBER 27, 2022

He’s an expert in the sales world, particularly in revenue operations and incentive compensation. Today we’ve got Scott Barton, VP of Industry Solutions at Varicent and a veteran of sales, revenue operations, and incentive compensation. Sales forecasts, territory design, quota management, and incentive compensation.

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Compensation Incentives Incentive Quota 80

PandaDoc

APRIL 25, 2023

When sales targets are aligned with precise actions and timeframes, your team feels part of your business’s success — and ultimately more motivated to reach their sales targets. What’s your motivation? Studying examples of sales plans can help illustrate this, so let’s look at an example sales plan excerpt now.

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Examples How To Hiring Segment 52

Velocify

JUNE 28, 2017

Sales gamification software leverages game mechanics to incentivize rep performance. With features like real-time leaderboards, scorecards, and contests, sales managers can create a data-driven sales team that is motivated to reach their goals. 4) Territory and Quota Management Solutions. 6) Incentives and Commissions.

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Sales Technology Top of Funnel Hiring Software 53

The Spiff Blog

SEPTEMBER 22, 2022

As we start planning for 2023, the only thing we’re certain of is that we’re in rocky territory– some organizations more precariously positioned than others. They should cover things like account ownership, territories, SLA’s, and who gets credit for opportunities. Use ROEs to add context and color to your comp plans. Final thoughts.

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Groups Conversion Commission Lead Rank 67

The Spiff Blog

MAY 26, 2022

So, you’ve realized commission spreadsheets are actually evil, and that sales incentive software will vastly improve transparency, efficiency, and your personal sanity. There’s no shortage of sales commission software on the market, and when you factor in the massive operational differences, it’s a recipe for information overload.

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Incentives Incentive Software Software 77

Sales Hacker

DECEMBER 21, 2017

Through strategically implemented training, software tools and engagement techniques, sales ops leaders enable sales reps to focus more on selling in order to drive business results. . Formulation of Incentives Program. Selection of Enablement Software and other Technology Tools. Allocation of Accounts and Sales Territories.

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Sales Operations Top of Funnel Hiring Scale 87

Xactly

MAY 31, 2018

Previously, sales performance management (SPM) has typically been categorized as solely focused on incentive compensation management (ICM) and sales compensation planning. It is quickly transforming due to a variety of software tools aimed at helping improve day-to-day execution of the sales process.

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Enterprise Enterprise Scale Compensation 50

The Brooks Group

OCTOBER 17, 2018

A key objective of the Sales Performance Management process is to educate and motivate sales professionals to set their own goals—and reach these goals by following sales effectiveness best practices. SPM is Not Just About Incentives and Compensation Management. It’s Not Just About Software. More Effective Territory Management.

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Hiring Incentives Incentive Compensation 40

Xactly

AUGUST 16, 2018

Motivated employees contribute to company success. There are many ways to motivate your employees, and one way is through contests. Then, the contest should have a value in order to motivate your employees. Keep in mind that sales contests serve as a motivational tool. Plus, fun can help to alleviate potential burnout.

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Motivation Territories Compensation Quota 67

The Spiff Blog

APRIL 7, 2022

Gone are the days when commission, bonuses, and incentive pay were accounted for as direct expenses. It’s also more familiar— you can jump right in to your next ASC 606 report without having to stop and learn a new software. Bespoke software is technically customizable— for your vendor’s engineers. Think about it.

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Commission Software Software Vendor 79

The Spiff Blog

OCTOBER 28, 2022

Nearly 3 in 5 employees report negative impacts of work-related stress, including lack of interest, motivation, or energy (26%) and lack of effort at work (19%). These include exercise incentives, free mindfulness tools, and practical advice about relieving workplace stress. Now that that’s out of the way, let’s get into it!

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Commission Lead Rank Lead Scoring Hiring 78

The Spiff Blog

JANUARY 25, 2022

What started as a manageable headache is now causing your organization to leak revenue— especially as you add more products, territories, and go-to-market strategies into the mix. In 2021, organizations used an average of 100 different software applications ( source ). Guess what? You’re not alone. About Spiff.

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Hiring Scale Top of Funnel Funnel 52

Highspot

APRIL 2, 2020

Growth forecasts of sales territories. Formulation and evaluation of sales incentive and compensation plans. Creating development, compensation, and incentive plans. Software for data analytics. Software for performance management. Motivate the team to increase efficiency. Business intelligence services.

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Sales Operations Top of Funnel Forecasting Sales Enablement 75

Highspot

AUGUST 2, 2022

Sales performance management software capabilities can cover sales incentive compensation management (ICM), quota management and planning, sales territory management, and gamification. It’s about really understanding the sales concept, your target audience, and how to motivate and drive your team members.

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Hiring Lead Rank Maximizer Referrals 52

Xactly

AUGUST 30, 2018

Download the "2018 Sales Compensation Administration Best Practices Executive Guide," for incentive compensation trends, best practices, and tips to drive the right sales behaviors to kickoff your sales compensation planning. Xactly Incent will ensure your commission structure is optimized for your team on each and every sale.

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Enterprise Enterprise Top of Funnel Compensation 40

Hubspot Sales

MARCH 21, 2019

And sales leaders use these metrics to track progress toward goals, make decisions and plans, adjust compensation, award bonuses and incentives, and identify issues before they become large problems. Sales Dashboard Software Providers. This dashboard gives insight into which territories are selling the most of each product type.

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Examples Hiring Report Hubspot 105

OpenSymmetry

MARCH 25, 2015

We have been ushered through the age of Incentive Compensation Management (ICM) being the buzzword 4 to 5 years ago into an age of where the focus is now on the performance. While these lack some of the mapping functionality of specialist territory alignment software, they present a broader range of capability. About the Author.

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Compensation Cost Per Thousand Territories Forecasting 40

Xvoyant

JULY 2, 2020

We throw bright, shiny SaaS software at them, often not integrated, creating workflow inefficiencies. We pay them well and provide incentive motivations and trips (Cancun, anyone?). You can coach an extensive list of topics, such as: Territory optimization. We train them, often without reinforcement. Account planning.

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Sales Coaching Coaching Forecasting Lead Rank 62

SBI

OCTOBER 1, 2014

Act-On Software. Transform your marketing & sales results with marketing automation, territory optimization, mobile learning, sales enablement, configure price quote and incentive compensation management, all in one suite, all in Salesforce with CallidusCloud. Seismic Software ToolSkool. ActonSoftware. CallidusCloud.

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Vendor Twitter InsideView InsideSales 139

Xactly

APRIL 2, 2018

Since sales is tasked with increasing revenues, incentives are an important part of achieving those goals. Not to mention, a commission plan means every sales employee is motivated to help the company reach its revenue targets. So, to keep your salespeople motivated, offer either a low base and high commission or pure commission.

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Commission Small Business Small Business Enterprise 56

LeadFuze

JULY 5, 2023

Understanding how to motivate your sales team is crucial for any business aiming to increase market share and achieve its sales goals. A motivated sales team can drive revenue, foster customer relationships, and contribute significantly towards the company’s mission. But what motivates sales teams?

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Motivation Strategy Incentives Incentive 52

Chorus.ai

MARCH 5, 2021

By the end of a successful persona build, you should have a very clear picture of your ideal customer(s): their ages, lifestyle attributes, territories, and pain points. Step 3: Motivate your team toward their goals. As with any challenge, cultivating the right motivation is a core ingredient of success. Step 1: Set clear goals.

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Top of Funnel Webinar Metrics Strategy Buyer Persona 113

Chorus.ai

SEPTEMBER 12, 2019

By the end of a successful persona build, you should have a very clear picture of your buyers: their ages, lifestyle attributes, territories, and pain points. Establish company-wide performance expectations and giving your sales reps the incentives they need to excel. Step 3: Motivate your team toward their goals.

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Ideal Customer Profile Top of Funnel Webinar Metrics Strategy 62

Hubspot Sales

SEPTEMBER 8, 2020

You’ve decided you need customer relationship management (CRM) software. These are just some of the reasons CRMs have become such an integral part of business success today and why so many companies have invested in finding the right software for their team. Many CRM software providers operate under a freemium model — like HubSpot.

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Software Software CRM Hiring 122

SBI

AUGUST 21, 2012

One enticing benefit (or incentive) of the sales profession is the freedom and independence it offers. Companies seek sales reps that can think and act on their own, epitomizingself-motivation and self-reliance. This can provide great insight into the adequacy of territory and account coverage.

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Your Sales Management Guru

AUGUST 10, 2016

What I would like to do in this blog is attempt to document and tell the story of one Worldwide channel focused software organization that did it the best– at building their channel. But before I detail their actions, the three things they did not do were: Add more VAR’s into territories creating too much competition.

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Channels Lead Rank Lead Scoring Strategy 40

Delicious Sales

MAY 2, 2012

Software (1035). Incentives (379). ” ” Sales Motivation Blog. . Topics Major Topics. Sales (12918). Marketing (6398). Training (4995). Prospecting (4539). Tools (2872). Sales Management (2614). Customer Service (995). Inside Sales (849). Channels (799). Advertising (694). Selling Skills (528). Outside Sales (81).

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Lead Rank Leads360 Lead Scoring Top of Funnel 99