The Spiff Blog

NOVEMBER 17, 2022

As another year comes to a close, go-to-market teams everywhere convene to begin their annual sales compensation planning processes. Key stakeholders from sales, finance, and RevOps will join meetings and analyze data in an attempt to create a sales compensation plan that satisfies each party’s needs.

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Compensation Commission Motivation Incentives 72

SalesProInsider

NOVEMBER 30, 2023

Two words that no prospective client is going to say. The Dangers of Depersonalization in Sales Conversations What do I mean? Depersonalized” sales conversation and explanations of what you do, and how you do it, stop the prospect from connecting with you and the solution. “Let’s get personal.”

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Conversion Prospecting Compensation Examples 126

Hubspot Sales

OCTOBER 16, 2017

Sales compensation is one of the trickiest aspects of the sales organization to get right. How to create a good sales comp plan. Sales comp plan types. Sales contests and SPIFs. How sales compensation should work. A sales compensation plan operates from a basic principle: Money drives behavior.

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Compensation Hiring Salary Commission 130

SBI Growth

OCTOBER 5, 2012

This post is for Small Company CSOs and VPs of Sales. Despite this luxury, the small company sales compensation plan is usually left on the backburner. To drive the right behavior and hit your targets, your sales compensation must evolve at the same pace as your company. This is a crucial mistake.

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Compensation Company Hiring Salary 257

SBI Growth

OCTOBER 29, 2012

This post will help you test a redesigned sales compensation plan to ensure cultural fit. Plus, you’ll find advice on compatibility with other sales effectiveness drivers. Let’s suppose HR is fully engaged for redesign of a 2013 Sales Compensation plan. HR even brought in an expert compensation firm.

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Compensation Hiring Incentives Incentive 253

Understanding the Sales Force

NOVEMBER 3, 2016

While doing that is always challenging, perhaps the biggest issue is how salespeople will respond to the impact this change has on their total compensation. That problem is the biggest reason why it is so important to create an effective compensation plan.

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Compensation Commission Territories Salary 120

LeadFuze

JULY 4, 2023

Understanding how to compensate structure real estate teams is a critical aspect of running a successful agency. A successful real estate agency requires a well-conceived compensation structure to attract the top talent and motivate them to do their best, resulting in increased profitability. How do splits work on a real estate team?

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The Pipeline

AUGUST 10, 2017

Proactive Prospecting Summer – Part 6. In this segment of Proactive Prospecting Summer, we look at the importance of the unspoken in prospecting calls. Telephone prospecting, after all, is an exercise in communication. The post Prospecting Dynamics appeared first on Renbor Sales Solutions Inc.

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Prospecting Compensation Exercises Segment 159

Miller Heiman Group

MAY 12, 2020

Two out of three sales reps are more concerned about their paycheck than catching the coronavirus, according to a recent survey that we conducted. Our second suggestion is to collect data, so you can be scientific in your approach to compensation decisions. Survey the sales landscape in your organization.

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Compensation Quota Incentives Incentive 75

Pipeliner

AUGUST 8, 2022

How to Personalize Your Prospecting. Automation has become a great tool in many regards, and technology has definitely been a huge factor and great resource in the sales world, but it can’t compensate for the human to human connection, especially when it comes to prospecting. What is personalized prospecting?

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Prospecting Ideal Customer Profile Sports Social Media 92

John Barrows

MARCH 5, 2020

What’s going to happen to SDRs and prospecting teams in the future? The sales development function is always changing. We spoke to Josh Roth to hear how he thinks prospecting teams and the role of an SDR is going to change. Josh: When I started as a sales rep, I think you were still able to sell with a phone and Google.

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Prospecting Top of Funnel Compensation Decision Maker 140

Sales Hacker

JULY 14, 2023

Farlan Dowell , Fractional VP Sales, Coach, Advisor at Upright Ventures: Each moment that a rep spends on commission is a moment that she can’t spend with customers or thinking about value proposition etc. Each layer of complexity added to a commission plan for a AE or SDR is time taken away from prospecting, selling, closing.

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Incentives Incentive Compensation Hiring 52

Understanding the Sales Force

AUGUST 21, 2023

Bookmark this article so that over time, if you want to improve your sales effectiveness, you can read more of the topics below: To shorten your sales process, differentiate, uncover compelling reasons to buy and create urgency, read articles on taking more of a consultative approach.

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Hiring Decision Maker Forecasting Face-to-face 156

Understanding the Sales Force

AUGUST 21, 2023

Bookmark this article so that over time, if you want to improve your sales effectiveness, you can read more of the topics below: To shorten your sales process, differentiate, uncover compelling reasons to buy and create urgency, read articles on taking more of a consultative approach.

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Hiring Decision Maker Forecasting Face-to-face 156

MTD Sales Training

DECEMBER 5, 2011

With competition becoming fiercer, the economy sending fuel prices through the roof and buyers becoming more reluctant to telephone sales calls , more firms are choosing to employ their own in-house telesales staff to set appointments for the field sales teams. Commission on the Sale. 2: The Lay Down Prospect Does Not Buy.

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Compensation Commission How To Sales Qualified Lead 233

LeadFuze

MAY 17, 2021

Why are Sales Compensation Plans Important. A company is nothing if it doesn’t have sales. There are plenty of ways to automate and utilize inbound methods, but having salespeople who take control of the deal and close new sales was the next level. Building sales compensation plans for them can be a difficult task.

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Compensation Hiring Incentives Incentive 52

Autoklose

MARCH 18, 2024

Having a well-versed and highly-skilled sales team is an essential ingredient when it comes to the success of your entire business. When you’re starting out, and it’s just you and maybe another salesperson, it’s not difficult to make a sales strategy, implement it, and learn from the results. Do you have a sales process in place?

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Hiring Training Cold Calling How To 98

The Pipeline

MAY 27, 2013

If you are a sales person who does not use the phone to proactively prospect for potential clients, you may not find this post of interest, on the other hand you may find something to spark you to take up the habit. But if you’re in sales, you know that selling is not a normal circumstance. 30% Intonation. 10% The words you use.

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Prospecting Cold Calling Face-to-face Compensation 292

Hubspot Sales

APRIL 27, 2021

This might not be all that mind-blowing to point out, but not all sales orgs are comfortably confined to their companies' corporate headquarters — operating under a group of managers that can come together to share stories over lunch every day. What does a territory sales manager do? Many businesses have too broad a reach for that.

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Territories Compensation Trade Show Salary 114

Sales and Marketing Management

MAY 31, 2020

Sales teams are a particularly unique case as their compensation is likely to be highly leveraged and more sensitive to changes in the marketplace. What happens to the sales force and their commission-based structure? Is top sales talent at risk of leaving if they can’t earn commissions? . Model Costs Accurately.

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Motivation Compensation Incentives Incentive 194

SalesLoft

OCTOBER 30, 2018

What would a 10 percent increase in annual sales mean to your organization? This is dollars left on the table due to ineffective processes for “defining, assigning, and managing territories, quotas, and incentives and compensation plans.”. Compensation plans need to evolve with organizational objectives and sales strategy.

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Compensation Sales Qualified Lead Salary Quota 52

The Sales Hunter

JULY 29, 2013

Thinking about a prospect is not the same as contacting a prospect, so it’s about time we quite confusing the two. Far too many salespeople spend all of their prospecting time working on their prospecting list, gathering information, and thinking about how they’ll prospect and what they want to say.

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Pipeline Prospecting Compensation Motivation 238

Partners in Excellence

APRIL 25, 2017

I always worry when a conversation with a sales executive starts with, “We need to fix our compensation problem.” ” The ensuing discussion usually focuses on, “We aren’t meeting our numbers, we need to fix the compensation/commission system in order to make our numbers.”

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Compensation Lead Rank System Commission 52

The Pipeline

MAY 29, 2013

On Monday I wrote about the need to counterbalance for some of the realities of telephone prospecting , and some things sellers can do to compensate. Some of these things may seem mundane and basic, but that doesn’t lessen their importance in consistent results from telephone prospecting. The same works for a prospecting call.

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Prospecting Cold Calling Handbook Sports 296

SalesProInsider

APRIL 16, 2024

Yet, that’s what can happen when discussing fees for service with prospective clients. Never Accept This Payment: Promises Won’t Pay Your Bills True story: An advisor in NJ had two great conversations with a prospective client who could not believe the services they would receive working with him compared to another option.

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Discount How To Banking Compensation 126

Autoklose

FEBRUARY 26, 2024

Sales is challenging. Having proven rules to follow adds to predictability, which is of paramount importance to every high-performance sales development team. We’ve analyzed all that data and come up with these 10 tips for building and managing a high-performance sales development team. Create a compensation plan.

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Hiring Top of Funnel Scale Campaigns 98

Sales and Marketing Management

SEPTEMBER 14, 2020

Some sales organizations saw their pipelines disappear overnight, so they began to reevaluate processes in an attempt to preserve them. It was a common practice pre-pandemic to measure each business area with different KPIs, metrics and compensation models designed to optimize each area of operation. Pandemic-Induced Approaches .

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SAP Compensation Face-to-face Analytics 207

Tenbound

JANUARY 3, 2024

Predictable Prospecting: How to Radically Increase Your B2B Sales Pipeline By Marylou Tyler & Jeremey Donovan Part 1: TARGET Chapter 1: Internalizing Your Competitive Position Conduct a Six-Factor analysis of your strengths, weaknesses, opportunities, and threats. sales leaders) 2- Gatekeepers: (e.g., 2- Trust (Why you?)

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Prospecting Outsourcing Services Top of Funnel Sales Qualified Lead 49

Janek Performance Group

MARCH 12, 2024

Many sales professionals often don’t receive the crucial tools needed for success right away. This may end up contributing to a lack of direction and belonging many sales professionals experience, and ultimately may negatively impact performance. While you’re at it, assess your other sales team members.

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Hiring Sales Talent Compensation Lead Rank 62

Partners in Excellence

AUGUST 3, 2020

It’s becoming increasingly complicated to measure sales performance–particularly in complex B2B sales. I think we make the issue of measuring sales performance more complicated than it need be, because we confuse it with “compensating sales performance.” Who gets credit? How many metrics?

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Compensation Pipeline Penetration Quota 150

Sales Hacker

DECEMBER 12, 2017

With increasing focus on grit and many claims of meritocracies in organizations across the country, why does variable pay compensation even exist? On top of that, why are sales people some of the few employees subject to variable compensation structures? What is Variable Pay Compensation Anyway?

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Compensation Hiring Incentives Incentive 81

DiscoverOrg Sales

MAY 5, 2016

In some cases, the failure of a CIO to mitigate risk can cost a company a lot more than the lofty compensation packages they command. If intelligence on current initiatives within your prospect companies sounds useful, you may also want to check out our latest sales Triggers. Download the full CIO report here.

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Prospecting Salary Compensation Report 120

The Pipeline

FEBRUARY 18, 2020

No joke, I think people in sales and the industries around it, need to lighten up a bit. I know sales is a high-stake endeavour, but it gets that much more difficult if you forget to laugh. But seeing some of the pundits talk about sales one does have to ask: has sales lost its sense of humor? The Sales Scrum Podcast.

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ACT Face-to-face Buyer Compensation 335

Understanding the Sales Force

JULY 6, 2022

The first page of results was filled with self-serving articles from companies like Gong (artificial intelligence for digital prospecting), Hubspot (marketing platform) and more urging you to leverage their platforms so that you don't have to rely on salespeople.

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Retention Customer Hubspot Compensation 193

Hubspot Sales

OCTOBER 25, 2023

The piece got decent traction, was fun to write, and produced some interesting perspectives on both sides of the argument — so I figured it might be worth it to try the process again with another hot-button sales issue. Argue from the perspective of 'sales commissions are ineffective and should be done away with.'

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Commission Compensation Retention Salary 95

Understanding the Sales Force

JANUARY 27, 2024

Wouldn’t it be cool if, instead of the news that currently appears in your feed, or the sports analysis you just heard, you could read the news of your last few days of selling, or hear the play-by-play analysis of your sales call from earlier today? Example One: Dave had a tough few days on the sales trail. Great move by Dave!

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The Sales Hunter

JANUARY 3, 2013

Salespeople tend to believe they need to spend more time with major accounts, while Marketing will always argue more time should be spent prospecting. ” Salespeople love to spend time with major accounts, because I believe they would rather do that with their time instead of sales prospecting. Who is right?

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Account Prospecting Guidelines Compensation 204