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 and Marketing Management

MAY 20, 2019

The company, which has been named one of the best places to work in Georgia by Georgia Trend Magazine, incorporates education, contests and incentives into its benefits program, adopting a holistic approach to helping workers be happier and healthier. Numerous studies report the return on investment for employers is significant and clear.

ROI 257

ROI Incentives Incentive Study 257

Hubspot Sales

AUGUST 22, 2022

The most effective strategies for building rapport are being attentive and engaged, staying positive, and finding common ground: Doing research on your prospect and their company is also a top strategy that we’ll get dive into more later on. Goal 2: Making the Sales Process More Efficient. Goal 4: Winning More Market Share.

Trends 81

Trends Report Data Strategy 81

Sales and Marketing Management

SEPTEMBER 13, 2021

The Incentive Research Foundation convened a group of incentive professionals in Florida this summer to discuss factors that are impacting corporate decisions regarding relaunching incentive travel programs. Here are some of the highlights.

Incentives 120

Incentives Incentive Travel Groups 120

Nutshell

DECEMBER 22, 2023

QuestionPro for survey data analysis Price: Free, or starting at $99/user/month Key features: Personalization and customization for branded surveys Shareable reporting dashboards for real-time survey data analysis 15+ third-party integrations (including integration requests) 6.

Survey 126

Survey Channels Google CRM 126

OpenSymmetry

OCTOBER 11, 2017

As it relates to operational challenges pertaining to period-to-period incentive compensation processing, the following three challenges emerged from the survey results: Limited reporting. The impact of lack of timely and transparent reports is often lost productivity in the sales force due to shadow accounting.

Incentives 40

Incentives Incentive Survey Compensation 40

No More Cold Calling

MARCH 7, 2013

Should you offer incentives to Referral Sources? For a 2010 report from the Wharton School of Business, researchers Christophe Van den Bulte, Bernd Skiera, and Philipp Schmitt studied data that an anonymous German bank gathered on nearly 10,000 of its customers over 33 months. Incent or not. The short answer is NO.

Referrals 245

Referrals Incentives Incentive Banking 245

No More Cold Calling

DECEMBER 29, 2017

Research has explicitly linked the use of wearables, apps and other technology to increased employee productivity, as well as reduced absenteeism, lower stress levels and decreased employer healthcare costs. By investing in digital technology , employers can boost participation in corporate wellness programs.

Company 0

Company Survey Study Promotion 0

The Brooks Group

JUNE 11, 2017

By adding in a few carefully selected sales incentives, you can capitalize on this competitive streak and really get your team to race full speed towards sales goals. Sales incentives can be broken down into three categories. Sales incentives can be broken down into three categories. Tangible Sales Incentives.

Incentives 40

Incentives Incentive Motivation Hotels 40

Sales and Marketing Management

NOVEMBER 22, 2017

Sales manager: I’d like to know what rewards the reps would like for our next incentive. Or you might be new to sales management and you want to be the cool leader by collaborating with your new reports. Or maybe you think that incentives have run their course and it’s time to drop them altogether. Are incentives obsolete?

Motivation 191

Motivation Incentives Incentive Lead Rank 191

The Spiff Blog

SEPTEMBER 1, 2022

64% of organizations reported correct quota setting as the major challenge for their sales compensation program in 2017 ( source ). 90% of top-performing companies utilize incentive programs to reward their sales associates ( source ). Properly structured incentive programs can increase employee performance by 44% ( source ).

Compensation 81

Compensation Salary Incentives Incentive 81

Zoominfo

MARCH 21, 2022

According to the report, more than 24 million Americans left their jobs between April and September 2021, an unprecedented high. Data from Indeed, the recruitment platform, indicates that between July 2020 and July 2021, searches for vacancies advertising such incentives increased by 134 percent. and 4.5 %, respectively.

Quota 100

Quota Hiring Face-to-face Advertising 100

Zoominfo

JULY 1, 2018

61% of organizations engaged in social selling report a positive impact on revenue growth ( source ). 74% of today’s B2B buyers conduct more than half their research online before making a purchase ( source ). TrustRadius: Authenticates each reviewer and validates every review through its research team prior to publishing.

Buyer 190

Buyer Social Media Social Selling Incentives 190

Pipeliner

MARCH 1, 2023

Different suppliers offer different packages and discounts, so it pays to do your research before committing to a long-term contract. In this blog post, we will discuss how you can reduce your water bills by investing in water-saving equipment, implementing conservation measures, and taking advantage of available rebates and incentives.

Strategy 52

Strategy Incentives Incentive Scale 52

SBI Growth

JUNE 29, 2013

Early adopters of gamification report significant improvements in ramp productivity. Incentive Compensation: Sales people are “coin-operated.” These include recognition, incentives, interpersonal support, and clear goals. A February 2013 report by Aberdeen Research validates the impact of gamification.

Hiring 326

Hiring Case Study Lead Rank Lead Scoring 326

The Spiff Blog

APRIL 11, 2023

Through research, conversations with women in sales roles, and analysis of commission data , we’re committed to shining a light on this complex and nuanced issue. In the coming weeks and months we will continue to discuss matters of pay inequity in sales roles and release our official research report on the topic later this year.

Commission 83

Commission Hiring Face-to-face Incentives 83

The Brooks Group

JUNE 11, 2015

By adding in a few carefully selected sales incentives, you can capitalize on this competitive streak and really get your team to race full speed towards sales goals. Sales incentives can be broken down into three categories. Sales incentives can be broken down into three categories. Tangible Sales Incentives.

Incentives 40

Incentives Incentive Motivation Hotels 40

SBI Growth

SEPTEMBER 9, 2013

To receive a copy, register here for a spot in SBI’s 7 th Annual Research Tour. By participating in this free event at your office you will: Learn the best practices of the brightest sales people in our research. Discover tactical solutions to get the most out your incentive comp dollars. Poor Compensation Drives Turnover.

Compensation 288

Compensation Competition Salary Social Media 288

Hubspot Sales

APRIL 11, 2023

HubSpot research confirmed this 35% churn rate. Lack of Compensation For starters, many salespeople report a lack of compensation as one of the top reasons they leave their employers. MIT research found a toxic culture was 10.4 Why do sales teams experience high turnover? We’ll explore this topic below.

Churn 114

Churn Hiring Survey Hubspot 114

The Spiff Blog

MARCH 8, 2023

Sexual harassment was listed in the top five most prevalent challenges faced by women in revenue roles in 2022– with even higher rates reported for Hispanic/Latina women, Native American women, and Black women in particular ( source ). In fact, only 78% of men regularly reach quota attainment compared to 86% of women ( source ).

Face-to-face 76

Face-to-face Incentives Incentive Commission 76

OpenSymmetry

FEBRUARY 10, 2016

In the second scenario, the organisation has a strong HR or Sales leader driving the project who wants to look at a simplified process or wants a simplified incentives landscape before they start automating. Finally, 70-80% of companies will have no or at best inflexible technology to support incentives. Cost Impact. Future Vision.

Incentives 40

Incentives Incentive Compensation Territories 40

OpenSymmetry

JUNE 30, 2015

One Wall Street Journal article reports that in 2014, the average turnover for part-time sales associates was 66%, while full-time was less at 27%, with the availability of benefits as the contributing factor to why full-time employees tend to stay. The second transformation relates to driving performance.

Retail 40

Retail Incentives Incentive Compensation 40

The Spiff Blog

SEPTEMBER 28, 2023

Refer to this checklist whenever you’re researching, evaluating, or speaking with a commission software vendor. The platform’s intuitive UI, in-depth reporting capabilities, and seamless integrations make it the first choice among high-growth and enterprise organizations.

Commission 81

Commission Software Software Scale 81

Sales and Marketing Management

FEBRUARY 25, 2020

Her research points to important aspects of how rewards, the signals they send and their efficacy are affected by precision. In short, more precision is better for rewards used with incentives, while less precision is better for rewards used with recognition. Incentives. Reps Benefit From Incentives.

Incentives 323

Incentives Incentive Motivation Travel 323

Sales Hacker

FEBRUARY 15, 2024

Senders need to ensure that spam rates (as reported in Gmail’s Postmaster Tools ) are below 0.10% and never above 0.30%. Offer incentives and valuable content to ensure that subscribers stay engaged. Consider an AI-Powered Prospecting Tool Research and manual updates can be time-consuming for the sales team.

Ideal Customer Profile 90

Ideal Customer Profile Prospecting Lead Rank Lead Scoring 90

Hubspot Sales

JULY 25, 2023

74% report using AI in some form in their role, and 60% say they believe AI tools are important to their overall strategy. A McKinsey report found that companies using AI have experienced the biggest revenue impact in marketing and sales. 16% of sales professionals use AI for research.

Top of Funnel 78

Top of Funnel Forecasting Sales Qualified Lead Lead Rank 78

Nutshell

DECEMBER 22, 2023

QuestionPro for survey data analysis Price: Free, or starting at $99/user/month Key features: Personalization and customization for branded surveys Shareable reporting dashboards for real-time survey data analysis 15+ third-party integrations (including integration requests) 6.

Survey 62

Survey Channels Google Data 62

SalesFuel

MARCH 4, 2024

According to a report by 5WPR , more consumers are ready to spend more on electronics/technology, health and wellness, travel and experiences, dining out, beauty, and personal care in 2024 compared to 2023. Offer incentives for consumers to take customer surveys for other potential customers to reference.

Ideal Customer Profile 59

Ideal Customer Profile Marketing Hiring Consumer 59

SBI Growth

OCTOBER 21, 2013

Performance culture is studied in depth in our 2014 Research Tour. Accounts had to be entered in both systems, which required double the reporting. Incentive Programs. Does your comp plan incent behaviors that will get you to your number? Sign up for the Research Tour for a more in depth conversation on this topic.

Hiring 293

Hiring Ideal Customer Profile Margin Face-to-face 293

Pipeliner

MARCH 28, 2023

Research fees: Some brokers may charge for access to research tools and reports. Look for a broker that provides webinars, tutorials, and investment research resources. Compare the Costs and Incentives It’s essential to compare the costs and incentives of different brokerage firms before opening an account.

Account 52

Account Margin Commission Discount 52

SBI Growth

MARCH 29, 2013

Sales Support includes groups in Product, Marketing, Care, Legal, and Research. These resources never report directly to a Sales Rep. Incentive Structure. Furthermore, they don’t report to your Sales leaders. Even when their virtual team has no monetary or organizational incentive to do so.

B2B 293

B2B Incentives Incentive Commission 293

Zoominfo

JUNE 10, 2018

Research shows price objections are the number one objection sales rep face—but half of all price objections are phony ( source ). In fact, extensive research shows product demonstrations significantly increase same-day sales, long-term purchasing habits, brand franchise sales, and average deal size ( source ). Schedule a product demo.

Objections 239

Objections Case Study Face-to-face Study 239

Sales and Marketing Management

OCTOBER 29, 2018

Creators can include a lot of information beneath each video, but it’s important to put a compelling incentive and/or promotional link first since YouTube cuts off the majority of this text. There is no other branding or self-promotion beyond a link to a free eBook below the video and Gavin’s name (highlighted in yellow, below).

Top of Funnel 237

Top of Funnel B2B Webinar Metrics Marketing 237

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. After all, the last thing you want is to sink time and resources into a brand new sales incentive software, only to find yourself struggling to use it. Problem solved.

Incentives 77

Incentives Incentive Software Software 77

Mindtickle

JANUARY 19, 2023

To build an effective strategy and plan to support it, you need to take a look at research focused on different parts of it. We’ve also included some recommendations for how to use this research to inform your own plan. Forbes ) Top sellers spend an average of 6 hours every week researching their prospects. Upland ).

Strategy 52

Strategy Cold Calling Decision Maker Lead Rank 52

SBI Growth

SEPTEMBER 20, 2012

Modifying sales reports and dashboards to enable sales managers to track new product sales. So how do we incent this behavior? The research they conducted will help build a compensation plan that enables a successful product launch. Amongst the research performed by strategy and marketing should be buyer-based research.

Compensation 244

Compensation Incentives Incentive Quota 244

Partners in Excellence

FEBRUARY 8, 2022

Some have to be nurtured for some time, we try to incent as many as we can to change, qualifying them, helping them navigate their buying journey, ultimately making a decision. We have to constantly be creating value in every interchange, so that includes researching, learning, planning.

Survey 95

Survey Hiring Territories Incentives 95