Sales and Marketing Management

OCTOBER 29, 2018

You said you’ve built a lot of sales incentive programs as a manager, and, not to toot your own horn, but they have worked pretty darn well. With 20-plus years and more than 1,500 sales incentive programs under my belt, I’ve got some experience to share. Stop reps from coasting on their big accounts?

Incentives 136

Incentives Incentive Lead Rank Lead Scoring 136

SBI Growth

OCTOBER 29, 2012

Let’s suppose HR is fully engaged for redesign of a 2013 Sales Compensation plan. The plan looks great – equitable, in line with competition, attractive to sales. But wait – this new incentive compensation plan could flop. So, he commissioned HR to design a new incentive compensation plan (IC Plan.) What can be done?

Compensation 253

Compensation Hiring Incentives Incentive 253

No More Cold Calling

AUGUST 1, 2019

The problem is with typical sales metrics. 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.

Referrals 289

Referrals System Cold Calling Social Media 289

Steven Rosen

JANUARY 26, 2014

Sales leaders agree that a highly motivated and engaged sales force drives greater performance. So one would naturally ask the question “how do I motivate and engage my sales force?” Many sales managers ask me how to ensure that they have a highly motivated and engaged team. I usually ask them “WHY”?

Motivation 288

Motivation Commission Incentives Incentive 288

SBI Growth

SEPTEMBER 20, 2012

As the leader of sales operations, I am sure you are working on: Updating CRM systems with new product information. Revising or building a new sales process to enable sales reps. Modifying sales reports and dashboards to enable sales managers to track new product sales. How do we drive change?

Compensation 244

Compensation Incentives Incentive Quota 244

SBI Growth

MARCH 4, 2013

Dig in to these questions to be sure: Process issues: Do recruiter incentives include speed to fill or low vacancy metrics? Profile issues: Does the profile for this Rep position include expected accountabilities AND required competencies? Has the profile been reviewed by Sales personnel (both Rep and Management) before use?

Outsourcing Services 326

Outsourcing Services Hiring Lead Nurturing Demand Generation 326

The Pipeline

AUGUST 14, 2014

Examples in sales may be lead to opportunity conversions, or proposals to close. You often hear sales managers and director speak of how they are doing against their KPI’s. Or “what do you want me to do, get sales or complete the KPI’s you gave me?” Looking at it that way can be a part of potential problems.

Workbooks 288

Workbooks Incentives Incentive Distribution 288

Partners in Excellence

OCTOBER 8, 2014

There’s a lot of stuff written about what sales managers have to do and their key job responsibilities. Some of the laundry list items include: Make sure the team makes the number, develop the strategy, manage the forecast/pipeline, manage performance, recruit, train, coach, and on and on. No related posts.

Sales Management 132

Sales Management Territories Incentives Incentive 132

No More Cold Calling

SEPTEMBER 6, 2018

I worked there for eight years in sales and sales management positions. Companies spend embarrassing amounts of money on client events, company celebrations, sales incentives, and work-life balance perks like childcare, but then they skimp on investing in building permanent, repeatable sales skills for their teams.

Referrals 320

Referrals Ideal Customer Profile Banking Lead Generation 320

Understanding the Sales Force

JUNE 11, 2012

New Sales Talent? Accountability? Buying Incentives? Performance Incentives? Optimized Sales Process? Better Sales Methodology? Improved Sales Model? Effective Sales Management? It doesn't have to be a VP, Director or Sales Manager. More Determination? Assessments?

Lead Rank 193

Lead Rank Incentives Incentive Sports 193

Salesmate

JUNE 4, 2021

Similarly, many other practices in sales have changed with the changing world around. One such practice is that of providing sales incentives to the salespeople. What are sales incentives? Call it what you will, incentives are what get people to work harder.” – Nikita Khrushchev . Split incentives .

Incentives 105

Incentives Incentive Compensation Motivation 105

Sales and Marketing Management

MARCH 5, 2020

Author: Leeatt Rothschild Sales managers are racing to hit their 2020 goals, which are likely higher than last year’s. It’s no secret that by setting effective sales incentives and pay structures you can dramatically increase your team’s success rate. Treat your sales team. The takeaway here? 18 percent lower.

Incentives 204

Incentives Incentive Commission How To 204

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. Sales training. How should we be using social media?

Compensation 325

Compensation Social Media Incentives Incentive 325

Sales and Marketing Management

DECEMBER 26, 2018

In my work with sales executives from corporations large and small, I repeatedly see that team rewards are easily overlooked in favor of individual incentives. And while individual incentives are critical to the success of any sales organization, most companies are not fully invested in supporting the team environment.

Incentives 191

Incentives Incentive Google Account 191

No More Cold Calling

SEPTEMBER 21, 2017

It’s sneakier than gender discrimination or racial prejudice of old, but just as damaging for careers, relationship-building opportunities, and account based sales teams. What moved me the most were the comments from immigrants and minorities, who wrote about how they experienced the same biases as women in sales.

Cold Calling 266

Cold Calling Loyalty Account Intent 266

Partners in Excellence

SEPTEMBER 29, 2013

We have to have a Sales Management Operating System. The Sales Management Operating System has dozens or interrelated components, ideally meshing like the teeth of gears. So we believe it’s one of the pillars to the sales management operating system.

System 115

System Sales Management Hiring Compensation 115

Vengreso

DECEMBER 20, 2024

Today more than ever sales managers encounter both unique challenges and remarkable opportunities. As technology continues to reshape the sales landscape, to learn how to be a good sales manager, one must adapt to new demands and expectations.

Sales Management 58

Sales Management Forecasting Face-to-face How To 58

Xactly

OCTOBER 18, 2018

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.

Incentives 78

Incentives Incentive Compensation Webinar Metrics 78

MTD Sales Training

DECEMBER 15, 2011

Here’s an example: In your one to one meeting with Steve, you noted that at least twice, he lost sales you think he should have closed. You ask some questions of Steve and find that he is not correctly demonstrating how to run the Profit & Loss Reports of the accounting software. Three Approaches. You blew it!”

Sales Meeting 263

Sales Meeting Meeting Education Motivation 263

Understanding the Sales Force

APRIL 19, 2012

Their ability to make the transition from transactional to consultative selling will depend on several factors: how many salespeople have the incentive to change. whether their sales management team can drive that change. whether they are willing to abandon their current set of non-sales specific competencies.

Hiring 185

Hiring Consultative Selling Incentives Incentive 185

Xactly

NOVEMBER 15, 2018

One of the most important things to consider when designing plans are the different roles on your sales team. Sales managers and their reporting reps will have responsibilities in their roles, which means your compensation plans should be tailored to different roles. Constructing Commissions in a Sales Manager Compensation Plan.

Compensation 87

Compensation Examples Sales Management Incentives 87

Hubspot Sales

MAY 29, 2019

So you’ve just been promoted to sales manager -- congratulations! In your first three months as a manager, you’ll have to learn an entirely new set of processes -- some related to sales, some not. Assess your strengths as a manager. Understand how your team wants to be managed. Meetings booked per week.

Sales Management 141

Sales Management Hiring Forecasting Pipeline 141

Understanding the Sales Force

FEBRUARY 8, 2012

They must be trainable (incentive to change) and coachable (not resistant to change). The fourth event rarely occurs unless your sales trainer knows how to accomplish it: 4. In most cases, this is why the majority of sales training program fail to help most companies. Review and Repeat.

Training 207

Training Sales Methodology Face-to-face Cold Calling 207

Close.io

OCTOBER 1, 2018

So you want to become a sales manager ? First you’ll need to make sure you’ve got the right skills, experience, drive and track record at the helm in both selling and at managing others—in order to back yourself up. Want to get a ready-made set of resources to manage a sales team effectively?

Sales Management 115

Sales Management Hiring Lead Rank Forecasting 115

Openview

SEPTEMBER 21, 2017

When that transition is from an individual contributor to manager, that adjustment can be even more jarring. We all know the typical story with sales managers – they were a top performing salesperson, had ambitions to move up in their career, and then a position opens up and they are managing a group of salespeople.

Sales Management 96

Sales Management Hiring Sales Qualified Lead Pipeline 96

Miller Heiman Group

APRIL 9, 2019

According to CSO Insights research , only 29 percent of organizations report being effective at using a formal process for account engagement and development of relationships with key stakeholders. When managing large accounts, many sales teams struggle to access diverse stakeholders. Develop a Situation Appraisal.

Account 92

Account Incentives Incentive Decision Maker 92

Your Sales Management Guru

DECEMBER 26, 2017

The Sales Manager Boot Camp. Becoming a new sales leader is overwhelming. Suddenly you go from having a quota to managing the quotas of multiple people. Improving your professionalism as an experienced Sales Manager is just as hard. This is what New Sales Manager Boot Camp is all about.

Sales Management 78

Sales Management Hiring Sales Leadership Quota 78

Sales Hacker

AUGUST 20, 2020

If you’re managing a remote team, now is not the time to sell your sales contests short. Why Sales Contests? Sales contests are a tried-and-true tool in most sales managers’ arsenals and for good reason. Instill accountability. Create visibility for reps and managers. Nail Down Incentives.

Incentive 130

Incentive Incentives Competition Distribution 130

Sales Hacker

DECEMBER 13, 2018

Imagine similar spikes in your sales metrics and you’ll see the glaring imperative for setting goals. So yes — there are few things more important to you as sales manager than to set goals. Skip right to the 6 steps to influence outcomes as a sales manager >>> Having Goals is NOT Enough to Break Through.

Sales Management 93

Sales Management Revenue Incentive Incentives 93

Partners in Excellence

JANUARY 17, 2014

As is usual this time of year, I’ve been involved in lots of discussions of incentive and commission plans–both last quarter as people plan for the new year, and now as these plans are being introduced at Sales Kick Off Meetings. and the lists go on and on.

Incentives 107

Incentives Incentive Commission Maximizer 107

Sales and Marketing Management

MAY 7, 2018

Although the group included many of those factors, I respectfully submit that others need to be accounted for. For example, a supporting framework is required where executives drive sales enablement efforts top-down and sellers receive consistent, proactive coaching from sales managers.

Sales Enablement 192

Sales Enablement Hiring Compensation Buyer 192

Sales Hacker

AUGUST 21, 2018

Imagine similar spikes in your sales metrics and you’ll see the glaring imperative for setting goals. So yes — there are few things more important to you as sales manager than to set goals. Skip right to the 6 steps to influence outcomes as a sales manager >>> Having Goals is NOT Enough to Break Through.

Sales Management 88

Sales Management Revenue Incentive Incentives 88

Zoominfo

MAY 13, 2018

It’s common knowledge that working in sales is hard. Yet—what most people don’t understand is the extent to which sales pressure can negatively impact an organization. In today’s post we explain the effects of sales pressure and provide ways to mitigate this stress productively. ” ( source ). Incentivize. Communicate.

Hiring 258

Hiring Sales Qualified Lead Lead Rank Lead Scoring 258

Partners in Excellence

FEBRUARY 8, 2022

” There are surveys asking for the one area sales managers should focus on. There are surveys for sellers covering things like prospecting, pipeline management, closing, sales process. ” If sales management and selling were that easy… The problem is, these are false choices.

Survey 132

Survey Territories Hiring Incentives 132

Anthony Cole Training

FEBRUARY 7, 2013

Yes, companies set metrics/KPIs - Key Performance Indicators - but are they the right ones to help a sales leader effectively monitor, coach, mentor, motivate a sales person to success? The typical metrics for success used are: retained revenue, retained accounts, customer service scores, new business sales, book of business growth.

Hiring 182

Hiring Lead Rank Lead Scoring Incentives 182

Sales and Marketing Management

JULY 21, 2019

CSO Insights reports that implementing formalized sales coaching leads to double-digit improvements in win-rates and quota attainment. But despite all this, 76% of organizations don’t provide enough sales coaching ( Sales Management Association ). Coaches can attach rewards and incentives (e.g., Host contests.

Coaching 241

Coaching Video Hiring Trade Show 241

Zoominfo

OCTOBER 6, 2020

Before jumping the gun and hiring a seasoned veteran or promoting a rep from your (relatively) green team to Sales Manager, you should consider a middle ground: a team lead role for the inbound crew. But we have to warn you, there are sales leaders who will advise otherwise. When They Ask About Expectations and Incentives.

Lead Rank 169

Lead Rank Lead Scoring Leads Marketing Qualified Lead 169