The Spiff Blog

OCTOBER 12, 2023

What’s the difference between the “how” and the “why” of sales compensation? How you pay sales reps depends on the way you design your comp program, what metrics relate to what incentives, and so on— all the details we’ve covered in many past articles about comp plan design.

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Nutshell

MARCH 19, 2024

DOWNLOAD Ready to become a better sales leader? Get 70+ expert strategies for sales management success in our Sales Manager’s Survival Guide. FREE DOWNLOAD Why is sales productivity important? Motivate with incentives Keep team morale high through inter-team competitions and incentives.

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How To Sales Qualified Lead CRM Face-to-face 71

Lessonly

JULY 2, 2021

Here’s a little riddle to start your day: What is a target set for a specific period of time that both sales reps and sales managers are measured on and want to reach? Answer: Sales Quota. With a little help from one of our best, most reliable friends: sales coaching software. Employee Retention.

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LeadFuze

JULY 7, 2023

Knowing how to set sales goals is a crucial skill for any business owner, sales manager or marketer. It not only drives revenue growth but also helps in managing customer churn and acquisition costs effectively. But setting effective sales goals involves more than just choosing an arbitrary number.

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PandaDoc

OCTOBER 30, 2023

Gamification took the sales industry by storm in the latter half of the previous decade — and with good reason. Research has shown that there are huge benefits to gamifying your sales process, including better worker productivity and retention when it comes to learning new things.

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Janek Performance Group

SEPTEMBER 13, 2023

What specific incentives do you offer, such as discounts or special offers? Think of this as part of the sales process. These include contact databases, email marketing software, CRMs, customer success software, and social media. This should include added value and incentives to make their recommendation worthwhile.

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BrainShark

JUNE 28, 2023

Why sales coaching matters — a few key points Knowledge retention Sales coaching activities add an interactive element to learning and are an excellent way to ensure knowledge retention and evaluate whether reps can “play back” what they learned in their training. Get creative!

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Xactly

OCTOBER 3, 2018

While this may sound like a huge task to overcome, it can be done much more efficiently and effectively with sales rep management software. As a sales manager, it is also your responsibility to keep track of sales reps’ paths to ensure they are on the right course and/or make appropriate corrections when necessary.

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Hubspot Sales

OCTOBER 2, 2019

As a sales leader, your ability to develop and retain your sales reps is important to your company’s bottom line and future success. Employee retention in the sales field continues to be an issue. In 2018, the average sales professional tenure was reported to be 1.5 Helps predict future sales trends.

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SAP Oracle Compensation Territories 119

SBI Growth

SEPTEMBER 23, 2013

VPs of Sales are asking questions like: Is our Sales Process good enough? Are my Sales Managers good enough? Do This— Start with a Sales Strategy Blueprint. To have a sales strategy you can execute, it must follow a structured path. Steve is a VP of The Americas of a large enterprise software company.

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PandaDoc

DECEMBER 21, 2020

Companies following Software as a Service (SaaS) business models can face challenges regarding generating revenue and growth. SaaS businesses provide services across online markets that are saturated with software offering similar services. You will improve customer retention when clients are happy and frequently using your service. .

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Openview

JANUARY 14, 2019

Software that’s sold with a traditional license and maintenance contract is rapidly taking on dinosaur status. Clearly, the software as a service (SaaS) model is here to stay; most vendors that sell via the long-established model need to contemplate making the switch. The Pros and Cons of Using One Rep.

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Hiring Lead Rank Face-to-face How To 88

Xactly

DECEMBER 12, 2018

Accurate quota allocation impacts your team’s ability to achieve their anticipated incentive compensation. This, in turn, affects rep satisfaction and—ultimately—the retention of your top performers. Advanced and automated territory mapping software ensures that data provides the foundation for your territory alignment.

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LevelEleven

AUGUST 15, 2018

Starting off strong with new employees is key to retention in the long run. Try giving employees incentives to meet and surpass goals through contests. Improvements in first contact resolution alone typically improve customer retention by as much as 15-30 percent – that’s a big deal! Low Employee Engagement.

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Crunchbase

JULY 27, 2022

This could entail ensuring the sales reps have all the tools and training they need to do their jobs and that the company budget takes these needs into account. Performance and incentive program management. Sales ops will also work with IT in choosing and enhancing the company’s customer relationship management software.

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Hubspot Sales

MARCH 21, 2019

Sales dashboards provide an overview of your key performance indicators (KPIs) and show you how your sales team is tracking towards your goals and revenue targets. How to Create a Sales Dashboard. Determine which sales metrics you'll track. Who will be using the dashboard : Sales reps, managers, VPs, or executives.

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Examples Hiring Report Hubspot 105

The Spiff Blog

JULY 28, 2022

He soon discovered he had a passion for technology and software! Billy has been in sales/sales management his entire career and previously spent five years at Capshare. He has spent the last 15 years in sales and sales management mostly in the K-12 Ed Tech space (multiple years in a start-up environment).

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PandaDoc

NOVEMBER 15, 2021

Take advantage of a number of sales competitions and incentives. However, make sure you don’t repeat the same sales contests — not only will the same people keep winning (causing everyone else to give up ultimately), but you’ll also turn the winners into natural targets. A competent manager strives to achieve this.

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The Spiff Blog

JULY 27, 2023

4 Reasons Every SDR Manager Needs a Career Progression Strategy A career progression strategy is no longer a “nice-to-have” within an SDR organization. Here’s why: SDR Retention & Engagement 52% of companies reveal that the average tenure within their SDR organization is less than a year ( source ).

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Hiring Motivation Lead Rank Sales Qualified Lead 73

SalesLoft

SEPTEMBER 19, 2022

All the while, sales managers are gaining valuable intel to coach deals over the finish line. You can also leverage data to address retention, churn rates, conversion rates, and more for smarter sales management. How to Optimize Your Sales Funnel. How many buyers are they engaging when they win a large deal?

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Top of Funnel Funnel Examples Lead Rank 52

The Spiff Blog

JANUARY 12, 2023

But here are some resources we recommend checking out to improve performance and rep experience by retooling your comp plans: 6 Signs Your Commission Management Solution is Working Against You. How to Motivate Sales Managers with Compensation Strategy. Creating Compensation Plans for Sales Engineers. About Spiff.

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Highspot

FEBRUARY 15, 2022

What Are SMART Sales Goals? SMART sales goals are objectives defined by sales managers and C-suite leadership to guide sales teams and departments. For example, you can say: We’re going to increase our core product’s revenue using a consultative sales approach. 12 Examples of Sales Goals.

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PandaDoc

JULY 11, 2022

If you’re willing to make a competitive offer, you can likely find sales talent with your preferred competencies and fill your sales positions quickly. However, you should also be prepared to address the churn that comes with the profession and take steps in order to boost retention. You can also mention the perks.

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Hubspot Sales

JUNE 5, 2019

Components of an ideal channel sales partner: Complementary solution: The partner’s product or service would fill a gap in your offering or help your customers use your offering more effectively. For example, HubSpot’s marketing agency partners help small businesses take full advantage of HubSpot’s marketing software. is $94,358.

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Channels Lead Rank Hiring Lead Scoring 96

Zendesk Sell

JANUARY 8, 2019

Poor service at the different touch points in the sales process, from the first cold call to your first attempt to upsell, can quickly cause the loss of customers and affect your company’s profits. These can include mobile support tools, self-service software, live chat, and collaboration tools.

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Chorus.ai

MARCH 24, 2021

With that data on hand, you can make improvements to your sales strategy. Companies need high strategic agility to deal with the continued market flux in the aftermath of COVID, and high retention/low churn rates are more vital than ever before. Understanding your sales growth trajectory is also key for your business’s valuation.

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Buyer Persona Top of Funnel Lead Rank Discount 62

Sales Hacker

OCTOBER 30, 2018

Amy Appleyard is an experienced, strategic sales leader with demonstrated success in overseeing cross-functional teams to improve the customer experience, drive sales and increase retention in both Distribution as well as SaaS-based sales organizations. Andrea Austin – VP at Nokia Software | Published Author.

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Top of Funnel Hiring Scale Lead Rank 111

Your Sales Management Guru

AUGUST 10, 2016

After working in a VAR partner organization for 8 years as a Sales Manager, leading an entire channel focused company for 8 years as a VP of Sales and spending the last 19 years consulting with vendors, distributors and VARs, dealers, resellers, partners all focused on channel based strategies, I believe I can say: I have seen it all.

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Chorus.ai

MARCH 5, 2021

Setting clear goals for your sales strategy is just as important, helping establish company-wide performance expectations and giving your salespeople the incentives they need to excel. Whether times are stable or chaotic, retention is a proven strategy for keeping your company in a secure place. Step 1: Set clear goals.

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Top of Funnel Webinar Metrics Strategy Buyer Persona 113

The Spiff Blog

MARCH 10, 2022

At Spiff, transparency is baked into everything we do, from the software we build, to the way our team operates. This is equally true with hiring as it is with employee retention. That’s why we’ve committed to documenting and sharing our progress and intentions when it comes to cultivating a diverse and inclusive hiring process.

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Hiring Promotion Demographics Lead Rank 55

Close.io

FEBRUARY 24, 2020

It depends on the size of the company: In one study, it was found that more than 70% of companies with a sales force of over 50 people had a dedicated sales enablement person. However, only 39% of companies with less than 25 sales reps had one. But as a busy sales manager, you hardly want to add more tasks to your plate.

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Allbound

SEPTEMBER 12, 2018

As AppDirect co-CEO Daniel Saks points out , “80% of on-premise software vendors operate a channel program to enable other companies to sell their products, while only 20% of SaaS vendors operate similar programs.” Every software company is different, and likewise, every partner program is different. 3 Types of SaaS Partner Programs.

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PandaDoc

NOVEMBER 26, 2018

Foster a healthy level of competition by setting a clear bar of excellence, attainable quotas, and a sales rep commission structure with commission rates that fit your business. Reward not only positive sales performance but positive employee attitudes with both recognition-based and monetary incentives. quoting software.

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Close.io

OCTOBER 29, 2018

And with the addition of our predictive dialing call automation software, you’ll drastically cut down on the amount of time spent listening to dial tones. Properly enabling your marketing team to support sales (and vice versa) requires getting both teams together and creating the space for regular involvement with each other.

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Lead Rank Closing Lead Scoring Hiring 117

SBI

NOVEMBER 7, 2019

The result for global enterprises like IBM, American Express, PayPal, and Quest Diagnostics is better win rates, larger deals, and higher customer retention. Sales Enablement. Sales Enablement. Company Celebrates Two Industry Awards, Announces Major Product Releases, and Opens Inaugural Sales Enablement Customer Roadshow Series.

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Top of Funnel Ideal Customer Profile Webinar Metrics Customer 52

Sales Hacker

NOVEMBER 19, 2018

Using conversations with customers to inform the development of the sales playbook. Building out career ladders and incentives to drive retention and performance. Subscribe to the Sales Hacker Podcast. A criteria for selecting the right early stage business to join. The impact of culture on future growth.

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Benefit Company Hiring Outsourcing Services 59

Hubspot Sales

SEPTEMBER 20, 2019

As highlighted in the introduction, sales coaching has a proven, positive impact on your bottom line. But win rates aren’t the only reason you should coach your sales reps. First, coaching improves employee retention rates. Rep turnover is a notorious problem in sales. Sales Coaching Models. Sales Coaching Tools.

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Sales Coaching Coaching Top of Funnel Lead Rank 126