The Spiff Blog

SEPTEMBER 7, 2023

Although SPM strategy varies by company and industry, the most effective sales performance management strategies typically involve a combination of the same core pillars. These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement.

Incentives 83

Incentives Incentive Scale Compensation 83

Janek Performance Group

OCTOBER 18, 2021

In the fourth quarter, both sellers and buyers have additional incentive to get deals done. As a football coach may pump up the team for the fourth quarter, sales managers can provide extra motivation. Like a gift card to Starbucks, incentives can be the gesture that says it’s pumpkin spice season. Shorten the Sales Cycle.

Lead Rank 118

Lead Rank Lead Scoring How To Incentives 118

SBI

JUNE 4, 2021

SetSail , the Revenue Execution platform for sales, releases new data on the anatomy of a successful B2B sales deal, derived from its analysis of deals at six large enterprises, including one of the Fortune 10, over the past two months. Media Contact.

Revenue 74

Revenue Data Buyer Persona Incentives 74

The Pipeline

MARCH 12, 2021

Longer than most sales cycles, certainly longer than the 9-to-18-month effort required by the entire organization. Add to that, the effort to overhaul the sales process while continuing to fly the plane. I have discussed before a brilliant incentive plan I was introduced to that paid on specific outcomes to specific execution.

Data 386

Data Sales Leadership Quota Sports 386

Highspot

OCTOBER 11, 2023

Sales Process Optimization Implement efficient sales processes that streamline workflows, reduce bottlenecks, and improve customer experience. Incentives and Recognition Reward top performers with appropriate incentives and recognition. Sales readiness: Ensure reps aren’t just trained but are also ready to sell.

Sales Management 59

Sales Management Strategy Lead Rank Lead Scoring 59

PandaDoc

JANUARY 29, 2024

Now, let’s talk incentives. Incentives, or spiffs, can really boost motivation. They can give your team that extra motivation they need to work towards and make achieving those sales targets even more rewarding. But here’s the key – structure your incentives to make your goals more realistic and achievable.

Closing 52

Closing Proposal Incentives Incentive 52

SBI Growth

SEPTEMBER 20, 2012

To learn more about sales enablement and obtain our product launch sales compensation checklist sign up for our Q3 Make The Number Tour. The key lies in changing the compensation plan to drive the sales force to sell the new product. So how do we incent this behavior? Identify the Average Sales Cycle.

Compensation 244

Compensation Incentives Incentive Penetration 244

Hubspot Sales

NOVEMBER 6, 2018

When noted economist Steven Levitt published the book “ Freakonomics: A Rogue Economist Explores the Hidden Side of Everything ,” he shared the disproportionate impact structural incentives have on the behavior of individuals and their output. Structural incentives are those created by the structure of what’s being done. Call activity.

Incentives 85

Incentives Incentive Lead Rank Sales Cycle 85

Hubspot Sales

NOVEMBER 28, 2023

Consistent Messaging : A unified brand message increases trust and accelerates the sales cycle, leading to quicker conversions. Improved Lead Quality : Better leads mean higher conversion rates, translating to more sales and, consequently, higher revenue. Measure the respective goals and incentives for sales and marketing.

Lead Rank 99

Lead Rank Top of Funnel Marketing Qualified Lead Ideal Customer Profile 99

SBI Growth

JUNE 13, 2013

The sales team is equipped top to bottom with tools they need to convert. Some common sales process investments are: Increasing deal size. Decreasing sales cycle times. Consequences & Incentives. Similarly, reiterate incentives related to desired performance. Increasing conversion rate.

Incentives 314

Incentives Incentive Motivation Energy 314

Miller Heiman Group

MAY 12, 2020

Set Up an Incentive Compensation Relief Committee. The first step is to set up an incentive compensation committee to structure the terms and optics of the relief effort. The purpose of this committee is to make decisions about your short-term sales compensation strategies and quota relief programs and review sellers’ performance.

Compensation 75

Compensation Quota Incentives Incentive 75

Hubspot Sales

NOVEMBER 10, 2020

A B2B sales environment is defined by who you’re selling to — other businesses. In this environment, sales representatives have fewer customers, larger sales, and longer sales cycles. B2C Sales Environment. Incentive-Based Sales Environment.

B2C 104

B2C Incentives Incentive How To 104

Zoominfo

APRIL 11, 2018

A good sales rep is self-motivated. You’re looking for someone who needs few external incentives to go above and beyond what their job requires. Question: How do your selling techniques change from a short sales cycle to a long sales cycle? Motivated. Question: Sell us our own product.

Hiring 178

Hiring B2B Sales Cycle Call-back 178

Highspot

FEBRUARY 25, 2024

This constant evolution requires sales ops teams to endlessly evaluate and modify their tech stack to secure the most innovative solutions. Failing to keep pace can impact the sales cycle, resulting in missed opportunities and competitive losses. Forecast Inaccuracy Sales ops is responsible for ensuring sales forecast accuracy.

Sales Operations 52

Sales Operations Forecasting Incentives Incentive 52

Zoominfo

OCTOBER 20, 2019

Motivated A good sales rep is self-motivated. You’re looking for someone who needs few external incentives to go above and beyond what their job requires. Question: How do your selling techniques change from a short sales cycle to a long sales cycle? Question: Sell us our own product.

Hiring 130

Hiring Sales Cycle B2B Call-back 130

Zoominfo

MARCH 10, 2021

There is a catch: in order to reach your revenue goals, your sales volume will need to be very high. Transactional Sales. The transactional sales model is characterized by efficient, high-volume sales and support operations, short sales cycles, and rapid onboarding. Don’t do this.

Company 162

Company Hiring Enterprise Enterprise 162

Xactly

NOVEMBER 15, 2018

This alignment ensures that sales managers are steering their ship appropriately and that all the reps they manage row in the right direction. In fact, the best way to ensure sales managers do their job well is by creating an incentive plan that drives the right behaviors. Annual Target Incentive. On-Target Earnings.

Compensation 87

Compensation Examples Sales Management Incentives 87

Sales Hacker

SEPTEMBER 29, 2023

First, the very important disclosure that marketing spend effectiveness is highly dependent on company stage, industry, ideal customer persona, sales cycle, etc. TL;DR: Marketing spend effectiveness is highly dependent on company stage, industry, ideal customer persona, sales cycle, etc. There is no one-size-fits-all!

Top of Funnel 100

Top of Funnel Marketing Ideal Customer Profile Channels 100

Zoominfo

APRIL 11, 2018

A good sales rep is self-motivated. You’re looking for someone who needs few external incentives to go above and beyond what their job requires. Question: How do your selling techniques change from a short sales cycle to a long sales cycle? Motivated. Question: Sell us our own product.

Hiring 138

Hiring Sales Cycle B2B Call-back 138

SBI

JULY 24, 2018

The CRM we know today doesn’t actually help sales reps sell more. In fact, every year we see a drop in the number of sales reps hitting quota, even while quota targets are lower than ever. It also doesn’t accelerate sales cycles. All it is really doing is creating a bad selling experience for sales reps.

CRM 95

CRM SAP Forecasting Incentives 95

Partners in Excellence

JANUARY 12, 2022

Sometimes, it’s we that incent the customers to change, whether through our content at our websites, our customers talking to others, or our prospecting. We know that onboarding and time to systemic success requires 9 or more months, we know the subsequent sales cycles may be 9-24 months, yet we accept average tenures of 18 months.

Ideal Customer Profile 59

Ideal Customer Profile Incentives Incentive Coaching 59

Sales and Marketing Management

MAY 7, 2018

Technology must support a logical workflow to train, develop, and aid in the execution of sales efforts, including: Training new hires and/or new solution training. Conducting sales calls. Generating post-sales call deliverables to set up sales cycles. Pre-call planning.

Sales Enablement 192

Sales Enablement Hiring Compensation Buyer 192

The Pipeline

JUNE 7, 2013

And now that we’ve got a compensation system that motivates us to show the customer just how much we can offer, we’re all incented to go that extra mile. Sales Process' I love the process of establishing trust with what were once arms-length prospects. customer loyalty. Connect with him on LinkedIn.

Commission 314

Commission Compensation Decision Maker Face-to-face 314

Jeffrey Gitomer

MARCH 8, 2013

Instill pride for sales. Have incentives and contests to keep it competitive. Pay a larger incentive the second time. Have them fill out sales reports every week by prospect status. Don’t track sales people by time (what they did on Tuesday). Look at the sales cycle and the follow-up activity.

Incentives 255

Incentives Incentive Compensation Referrals 255

Highspot

JANUARY 4, 2024

Include these four elements in your sales training agenda for maximum impact: Skills Assessment for Sales Reps Skills assessment identifies areas where your sales team needs improvement, such as communication, negotiation, product knowledge, or customer experience.

Webinar Metrics 52

Webinar Metrics Training Strategy Ideal Customer Profile 52

Understanding the Sales Force

JULY 22, 2014

OMG is uniquely able to determine and accurately predict whether or not a candidate''s combination of will, competencies, and DNA will allow them to succeed in a particular sales role, in your business and industry, selling to your ideal decision-maker, against your competition, with your pricing, sales cycle and challenges.

Hiring 236

Hiring Decision Maker Construction Incentives 236

Sales Evangelist

MARCH 21, 2022

Creating a valuable and accurate sales forecast is dependent on your ability to anticipate the success of sales. Through sales incentives! Using sales incentives and data-driven forecasting, Nabeil encourages his salespeople to reach specific and measurable objectives. Incentives drive behavior.

Forecasting 40

Forecasting Sales Forecasts Incentives Incentive 40

Sales Evangelist

MARCH 21, 2022

Creating a valuable and accurate sales forecast is dependent on your ability to anticipate the success of sales. Through sales incentives! Using sales incentives and data-driven forecasting, Nabeil encourages his salespeople to reach specific and measurable objectives. Incentives drive behavior.

Forecasting 40

Forecasting Sales Forecasts Incentives Incentive 40

Hubspot Sales

MARCH 21, 2019

Sales velocity is the measurement of how quickly deals move through your pipeline and generate revenue. The results of the sales velocity equation reflect the health of the business, overall effectiveness of the sales team , and where the team can increase sales productivity to positively impact revenue goals.

How To 105

How To Sales Cycle Discount Lead Rank 105

Nutshell

MARCH 19, 2024

Cross-sells and upsells: Divide cross-sells or upsells by total customer interactions to work out each sales team member’s cross-sell and upsell rates, which reveals how effective they are at selling to existing customers. Motivate with incentives Keep team morale high through inter-team competitions and incentives.

How To 71

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

SBI

NOVEMBER 2, 2017

For Sales teams, Model N solutions streamline the Quote to Cash process with smart selling solutions like CPQ and Contract Lifecycle Management, designed to shorten sales cycles and maximize deal value. Guiding sales to more effectively match solutions to customer needs, while maximizing deal value.

Revenue 131

Revenue Lead Rank SAP Maximizer 131

PandaDoc

AUGUST 25, 2019

Start by allocating SDR expenses into three categories: fixed costs, additional expenses, and incentive costs. Here are the key SDR expenses to consider: Lead data: Lead sources are key for sales reps to acquire qualified leads. No matter where you are in your sales cycle, sales reps need lists of people to contact.

Hiring 53

Hiring Outbound Sales Qualified Lead Inbound 53

Crunchbase

JANUARY 18, 2022

Figure out who your highest quality leads are and follow up with a sales call to cement their interest and keep them in the sales cycle. Step 4 – Close the deal : It’s what every sales process is leading up to. If necessary, throw in an incentive to make it happen.

Sales Process 85

Sales Process Lead Rank Sales Qualified Lead Lead Scoring 85

Vengreso

JULY 5, 2023

Reward System: An incentive system encourages more people to participate in referring others to your offerings. A referred customer often comes with an inherent level of trust, shortening sales cycles. Key Takeaway: LinkedIn Sales Navigator is a valuable tool for networking and securing referrals in the digital age.

Referrals 89

Referrals Maximizer Ideal Customer Profile Social Media 89

Anthony Cole Training

JANUARY 13, 2014

Make sure that your pipeline management tool mirrors your sales process and that prospects are either moving through the sales steps or moving out. If you have a 120-day sales cycle, then move stuff out at day 121. Additional Resources: Success Tracker (Sales Activity Tracker) – Call Jeni at 513.791.3458.

Sales Forecasts 190

Sales Forecasts Forecasting Margin Incentives 190

Zoominfo

JUNE 10, 2018

As a B2B sales rep, you already know objections are an unavoidable part of your job. Yet, as we explained in a recent blog post , there are many tips and tricks sales reps can use to bypass common objections during the sales cycle. Customers have little incentive to speak highly about a product they don’t truly like.

Objections 239

Objections Case Study Face-to-face Study 239

Showpad

MARCH 3, 2020

Both operations and enablement strategies function to enhance the sales process, allowing sales managers to effectively lead and coach their teams and reps to meet their goals quarter after quarter. Sales Enablement versus Sales Operations. Some organizations designate a sales manager to handle operations duties.

Sales Operations 100

Sales Operations Sales Enablement Hiring Compensation 100