Remove Account Remove Incentives Remove Prospecting
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Getting Salespeople to Prospect When They Aren’t Prospecting

Understanding the Sales Force

I devised an incentive. Incentives work. When prospecting doesn’t take place on a daily basis, salespeople fail to build their pipelines. However, when there is very little incentive for bringing in new business, salespeople whose compensation plans are all or mostly salary, won’t do it for long.

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How to Overcome Inconsistent Sales Rep Performance

SBI Growth

Most sales teams are composed of three groups: The Superstars – These gifted few need little oversight or incentive. Sales Leader Prospecting Account Segmentation Sales Enablement Sales Manager Sales Manager Resources' They are your A-players. They perform year in and year out. They have been blessed with the right DNA.

Segment 267
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The Sales Manager New Year’s Resolution: 3 Do’s & 3 Don'ts

SBI Growth

Resolutions are all about setting challenging goals and holding yourself accountable to achieve them. A-players – Incent them more and put them in your best territories. PRIORITIZE THE PROSPECT UNIVERSE. Are you giving your reps a list of accounts and telling them to ‘have at it’? SOCIAL PROSPECTING.

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Creating the Ideal Performance Culture

SBI Growth

Additional inside sellers were brought in to manage small, transactional accounts. Digging deeper into accounts gets a higher share of wallet. 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?

Hiring 293
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The Value of Cross Referrals – Sales eXchange 158

The Pipeline

Last week I was working with a group, we were looking at more effective prospecting, when we got around to discussing referrals, I got back some familiar comments. The specific comment was that the rep was reluctant to ask prospects/clients for referrals “because what if the person or company they refer are out of my territory?”

Referrals 324
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If Done Right, Your Referral System Won’t Actually Cost a Thing

No More Cold Calling

If sales managers hold their people accountable for the number of phone calls they make, emails they send, and invitations and InMails on LinkedIn, that’s how they’ll prospect. Put a referral system in place, with training, metrics, and accountability for results. Forget about incentives. It’s not the rep’s fault.

Referrals 289
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Will These 6 Tests Save 2013’s Sales Compensation Plan?

SBI Growth

But wait – this new incentive compensation plan could flop. So, he commissioned HR to design a new incentive compensation plan (IC Plan.) Culture at another firm required Sales Reps to do their own prospecting and sales. Most sales were incremental or competitive displacement when prospects were in an active buying cycle.