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5 Tips for Designing Successful Sales Incentive Compensation Plans

Xactly

Few leading indicators are more predictive of a company’s future sales performance than its incentive compensation plans. While multiple factors influence the effectiveness of your sales incentive compensation plans, 5 tips stand out: 1. Creating incentive programs that work require balancing multiple design choices.

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How to Train a Sales Team on Products: Use Modern Software, Not Old-Fashioned Training Techniques

Bigtincan

Traditional product training for enterprise sales organizations and retail employees often includes hour-long training videos, reviewing lengthy recorded calls, reading through documentation, and a bunch of other time-intensive training processes that require your sales reps to absorb and, hopefully, retain product information.

Fashion 105
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Building a Winning Sales Organization Following an Acquisition

Sales and Marketing Management

Finding and hiring the right kind of people with the right mix of skills, developing a compensation plan, identifying training needs and aligning everyone with business goals can all be daunting. . . Author: Dave Gerry Building a winning sales organization is no small task. And that’s in normal conditions. Sales Takes the Lead.

Hiring 284
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Doing The Whole Job

Partners in Excellence

These cover things like comp/metrics, training, forecasts, hiring, sometimes even coaching. ” If sales management and selling were that easy… The problem is, these are false choices. As sellers, we have to manage our territories and accounts. We have to do the whole job.

Survey 92
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The Pipeline ? The REAL Problem with Sales Training

The Pipeline

Sign up for our Email Newsletter. The REAL Problem with Sales Training. Stored in Guest Post , Productivity , Sales Leadership , Sales Success , Sales Training , e-book , execution. On her right is another person who is developing a successful career in manufacturing, selling hydraulic components and next to him… I think.

Pipeline 230
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Creating the Ideal Performance Culture

SBI Growth

By signing up for the tour , you’ll receive the " Performance Culture Assessment " tool. Those reps were covering an extensive territory and large customer base. If the tools are not enabling selling activity, they are a hindrance. Incentive Programs. Does your comp plan incent behaviors that will get you to your number?

Hiring 293
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Sales commission structures explained

PandaDoc

Selling is arguably a line of work where personal attachment matters the most. So what can possibly be a better incentive than a performance-based bonus? Now the question is, how do you set up a commission structure that works great for employees and employers? Territory volume commission is great for lifting team spirit.