The Spiff Blog

SEPTEMBER 7, 2023

These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement. Incentive alignment : Shared goals enable the design of incentive structures that motivate sales reps while aligning with the broader success of the organization.

Incentives 83

Incentives Incentive Scale Compensation 83

Sales Hacker

JUNE 14, 2019

According to a recent Salesforce study , poor data hygiene costs the average business nearly 30% of its revenue, amounting to a total economic loss of a whopping $700 billion a year. What’s the #1 incentive you can use with your reps? Align incentives. Align Incentives. Sales reps want to sell.

Data 68

Data Closing Prospecting Incentives 68

Zoominfo

SEPTEMBER 1, 2019

In an Accenture study recently conducted, 54% of respondents experienced a drop in trust, which resulted in $180 billion in revenue at stake of being lost. Their sales reps get super hands-on with prospects during the buying journey — they provide demos, answer questions, ask for feedback, etc.

Loyalty 130

Loyalty Customer Incentives Incentive 130

Zoominfo

MAY 20, 2021

That statistic alone offers an incentive for brands to take a closer look at their email marketing strategy and to maximize return. You can engage prospects throughout the customer lifecycle One of the greatest benefits of email is the fact that it suits every stage of the customer lifecycle. Source: Campaign Monitor 2.

Email Marketing 130

Email Marketing Benefit Webinar Metrics Marketing 130

Highspot

OCTOBER 11, 2023

It involves planning, organizing, leading, and controlling the sales activities within an organization to achieve its revenue targets and close deals. The primary goal of sales management is to maximize sales revenue while maintaining customer satisfaction and loyalty. Encourage collaboration and knowledge sharing.

Sales Management 59

Sales Management Strategy Lead Rank Lead Scoring 59

Hubspot Sales

MAY 18, 2018

A Harvard University study found setting specific goals increases motivation beyond simply telling yourself, “ I’ll just do my best. ”. The study ultimately reported students who stuck to a goal-oriented plan performed 30% better than those who didn’t. The incentive for your reps to meet their quota? Incentivize goals.

Sales Goal 145

Sales Goal Incentives Incentive Quota 145

SBI Growth

OCTOBER 21, 2013

Performance culture is studied in depth in our 2014 Research Tour. An electronics manufacturer was seeing declining revenue per head. Existing customer revenues spiked by 24% last quarter. Incentive Programs. Does your comp plan incent behaviors that will get you to your number? Resource Allocation.

Hiring 293

Hiring Ideal Customer Profile Margin Face-to-face 293

Apptivo

OCTOBER 3, 2022

Increases CLV (Customer Lifetime Value) and assures consistent flow of revenue. Impacts revenue, brand equity, brand positioning and overall value proposition. Activities that are focused on getting prospects to notice the brand, its business proposition, and its value offerings are typical strategies to attract potential customers.

Marketing 98

Marketing Lead Rank Lead Scoring Campaigns 98

Sales and Marketing Management

OCTOBER 21, 2019

If you have a community of sales reps who are frustrated and unmotivated, that’s a huge barrier to achieving revenue goals. It’s in the business’ best interest to keep their reps engaged – reducing the cost of hiring and increasing revenue contributions. But this isn’t just a problem for salespeople in their day-to-day.

Top of Funnel 136

Top of Funnel Hiring Commission SAP 136

Zoominfo

OCTOBER 13, 2021

A 2018 study by the University of Zurich found that even a small gift from a sales representative makes customers much more likely to make a purchase. In the study, reps gave customers six tubes of toothpaste — a trivial offering. We don’t require prospects to take a meeting to claim the gift. The results? Anything but trivial.

Top of Funnel 130

Top of Funnel Lead Rank Marketing Qualified Lead Direct Mail 130

Zoominfo

JULY 1, 2018

In fact, a recent study suggests that 91% of B2B buyers are active and involved in social media, while 75% are significantly influenced by social content when forming their buying decisions ( source ). Social sellers realize a 66% greater quota attainment than those using traditional prospecting techniques ( source ).

Buyer 190

Buyer Social Media Social Selling Incentives 190

LeadFuze

JULY 7, 2023

It not only drives revenue growth but also helps in managing customer churn and acquisition costs effectively. We will explore how past data analysis, future company changes consideration, and incentive programs implementation play a significant role in goal-setting. So, don’t underestimate the power of sales goals.

Sales Goal 52

Sales Goal Churn Incentives Incentive 52

Sales and Marketing Management

OCTOBER 29, 2018

Companies in industries like healthcare, security, aerospace, technology and finance have long used unbranded content to curate leads while educating prospective clients on what are often complex, highly technical products and services. Companies use webinars to educate prospects, showcase their expertise and get leads. Whitepapers.

Top of Funnel 237

Top of Funnel B2B Webinar Metrics Marketing 237

Highspot

FEBRUARY 25, 2024

Read on for practical tips to supercharge your sales ops and turn obstacles into opportunities for revenue growth. We’ll talk about how good leadership, special sales incentives, and clear jobs can help make sales ops better. Strengthen Leadership Skills Implement development programs for sales leaders.

Sales Operations 52

Sales Operations Forecasting Incentives Incentive 52

The Spiff Blog

JANUARY 9, 2024

5 Ways to Achieve Higher Sales Goals at Lower Costs In a perfect world, you’d be able to hire as many reps as your sales team needs, increasing your sales capacity in order to meet higher demands and comfortably hit your business’s revenue goals. What if unforeseen market conditions result in unexpected customer churn or a dip in revenue?

Banking 84

Banking Hiring Churn Scale 84

The Spiff Blog

AUGUST 22, 2023

If consistent revenue makes a business successful, then a solid RevOps team is a non-negotiable. After all, RevOps teams play an active role in supporting every function that drives revenue growth, from sales to marketing to finance to customer success. Many of these strategies are built upon insights derived from data analysis.

Strategy 74

Strategy Compensation Commission ROI 74

Hubspot Sales

DECEMBER 7, 2023

The very moment deal-seekers everywhere shoot their shot, turn prospects into buyers, and score buzzer-beating slam dunks that accelerate the business to record-breaking sales. As the end of the year approaches, prospects will divert excess money to priorities that are now financially feasible to tackle. Dear [Prospect], Happy October!

Data 119

Data Discount How To Quota 119

PandaDoc

OCTOBER 30, 2023

In this article, we’ll take a closer look at sales gamification, why it works, and what you can do to gamify your sales process and increase your revenue. Employee engagement increases when the incentives are worth the effort required to do well. Incentive programs What better way to celebrate than with great incentives and prizes?

Sales Process 52

Sales Process Incentives Incentive Hiring 52

Women Sales Pros

JULY 27, 2018

A recent study revealed 84% of people completely trust recommendations from people they know. Incentives: Non-monetary incentives are the better choice here, tied directly to your product or service (ex: priority support, added features, etc.). Then ask for permission to mention him/her in your communication with the prospect.

Sales Qualified Lead 93

Sales Qualified Lead Lead Rank Lead Scoring Referrals 93

Zoominfo

MAY 13, 2018

According to one study, eight out of ten people say they’re stressed from work ( source ). Start small, and expand your incentive program as you learn and grow. Think about this way, if you don’t make prospecting a daily habit and only focus on the deals at hand, how will you meet your goals next month or the month after that?

Hiring 258

Hiring Sales Qualified Lead Lead Rank Lead Scoring 258

SBI Growth

OCTOBER 5, 2012

This is especially important for smaller companies where revenue growth and new clients are vital for success. To compensate them for these efforts, you pay them both on trailing revenue and new logos. But once they establish the terriroty with a solid revenue stream they get comfortable. They've stopped hunting for new clients.

Compensation 257

Compensation Company Hiring Salary 257

Mindtickle

JANUARY 19, 2023

Simply put, sales productivity is how efficient and effective your sales reps are at hitting a variety of revenue milestones and goals. Of course, just because reps are making more calls and sending more emails does not mean they are necessarily progressing sales or generating revenue. Forrester’s 2021 B2B Buying Study ).

Strategy 52

Strategy Cold Calling Lead Rank Lead Scoring 52

No More Cold Calling

APRIL 30, 2017

Think winning is focusing on a prospect’s desired outcome and then demonstrating how your solution gets results they can bank on? Prospects are bored, and salespeople have become a commodity. What are prospects not doing well? What’s to fear about prospecting? 3 Ways to Guarantee Referral Prospecting Success.

Referrals 149

Referrals Cold Calling Lead Rank Lead Scoring 149

Sales Hacker

SEPTEMBER 24, 2022

Each funnel stage defines your steps to turn prospective buyers into customers, even if they’ve never heard of your business before. I’m the head of Product at Datanyze, specializing in sourcing up-to-date prospect contact info to keep your pipeline flowing and sales funnel fresh. And then there’s the sales funnel.

Paid Content 118

Paid Content Top of Funnel Funnel Ideal Customer Profile 118

Janek Performance Group

MARCH 17, 2023

I am still trying to figure out the answer, but my initial thought was ten percent of top-line revenue. Dr. Albert Mahrabian , a professor at UCLA, conducted a study to find out what determines an individual’s communication impact. The study’s results help us understand high-performing sales reps’ effectiveness.

Referrals 62

Referrals Exercises Discount Study 62

The ROI Guy

NOVEMBER 22, 2013

In your 2014 plans, you likely have some significant revenue growth targets for the New Year. The odds are that these investments will fall flat and not yield all the revenue growth results you expect. However, more sales reps do not mean more revenue. Why is this? In fact: New sales reps take a long time to ramp up.

Hiring 67

Hiring Revenue Lead Rank Lead Scoring 67

Nutshell

NOVEMBER 9, 2018

We’ve compiled six of the best strategies for improving sales rep performance based on real-world research and case studies so you can get back to hitting your benchmarks in no time: 1. They dislike cold calling prospects.”. Because we don’t have a system for qualifying prospects before we call them.”.

Lead Rank 94

Lead Rank Sales Qualified Lead Lead Scoring Follow-up 94

Smooth Sale

MARCH 17, 2022

The insights culminated in the Scale Your Sales Framework, which helps companies reimagine revenue growth through customer excellence and sales. A 2019 study by incentive solution provider Xactly reported that 86% of women achieved quota, compared to 78% of men. Understand what is driving the buyers and the business change.

Scale 78

Scale Hiring Lead Rank Report 78

The Spiff Blog

FEBRUARY 24, 2022

But, unless real transparency, visibility, and clarity are intentionally baked into every function of your revenue engine, your sales team is essentially operating in a black box. This is especially risky in sales, where disconnected data can have serious repercussions on your pipeline and revenue. Pipeline and revenue generation slow.

Commission 56

Commission Compensation How To Data 56

Salesmate

JUNE 4, 2021

One such practice is that of providing sales incentives to the salespeople. What are sales incentives? Call it what you will, incentives are what get people to work harder.” – Nikita Khrushchev . In simple terms, sales incentives are something that motivates your team to wake up in the morning and get to work.

Incentives 105

Incentives Incentive Compensation Motivation 105

No More Cold Calling

OCTOBER 30, 2016

Before they make contact, prospects have usually checked us out, compared pricing, read a white paper or two, listened to a webinar, and/or viewed a demo. Some take this to mean that our prospects and clients don’t really need us anymore—that the automation of selling has made B2B sales reps irrelevant. Devastating. What happened?

Referrals 120

Referrals Sales Qualified Lead Lead Generation Cold Calling 120

Zoominfo

NOVEMBER 3, 2019

According to one study, eight out of ten people say they’re stressed from work ( source ). Start small, and expand your incentive program as you learn and grow. Think about this way, if you don’t make prospecting a daily habit and only focus on the deals at hand, how will you meet your goals next month or the month after that?

Hiring 100

Hiring Sales Qualified Lead Lead Rank Lead Scoring 100

Hubspot Sales

JUNE 26, 2019

Career ladders help retain staff by providing an incentive to keep moving forward -- if they see a clear reward (i.e., Case Study: Parse.ly’s SDR to Enterprise AE Role Career Ladder. Are they quality meetings that are converting to revenue scored? ”. did for their SDR to Enterprise AE career ladder.

Hiring 133

Hiring Lead Rank Lead Scoring Salary 133

Apptivo

MAY 26, 2023

It represents the desired amount of products, services, or revenue that a salesperson, team, or organization aims to generate. Study customer data, conduct market research, and listen to feedback from the sales team. Think about how long it typically takes to convert prospects into customers.

Sales Forecasts 52

Sales Forecasts Forecasting CRM Top of Funnel 52

Growbots

SEPTEMBER 19, 2018

Salespeople are the backbone of revenue, however, most salespeople are constantly looking for the next opportunity. This situation can be financially devastating considering a recent DePaul University study that found that the average turnover cost of a salesperson is $97,690. Most salespeople are driven by financial incentives.

Compensation 55

Compensation Salary Incentives Incentive 55

The Spiff Blog

FEBRUARY 24, 2023

With just a few tweaks, we’ll help you hone your objection handling skills, improve your sales performance , and hit your revenue goals. On a micro level, understanding each unique prospect’s perspective is equally important. Just because members of your buyer persona may share certain characteristics, each prospect is different.

Objections 80

Objections Hiring Face-to-face Buyer Persona 80

LeadFuze

NOVEMBER 30, 2021

One study found that when the company penalized over-forecasting more than under-forecasting, it led to a higher accuracy of results. If you don’t have any budget for accuracy incentives, it might be time to rethink your strategy. The result was delayed deals and lost revenue.

Forecasting 52

Forecasting Sales Forecasts Hiring Commission 52