Remove Closing Remove Incentives Remove Training
article thumbnail

The Psychology Behind Unexpected Rewards

Sales and Marketing Management

Scientific studies show that unexpected incentive rewards stimulate areas of the brain connected to behavior development and learning. Let’s take a closer look into the psychology behind the element of surprise and how it can be used as part of a larger sales incentive strategy. Defining the unexpected reward.

Incentive 394
article thumbnail

Incentive Gift Cards Continue to Delight

Sales and Marketing Management

Author: SMM Research from the Incentive Gift Card Council (IGCC) and the Incentive Research Foundation (IRF) shows the majority of U.S. they can be used for both short-term and long-term incentive efforts?—?adds Open-loop cards can be reloaded, whereas closed-loop generally have a fixed value. “A businesses?—?fully

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Incentive Travel Facts You Can Put To Good Use

Sales and Marketing Management

The Incentive Research Foundation (IRF), a private not-for-profit foundation that focuses its initiatives on pragmatic research highlighting the premise and the power of incentive and motivational programs, issued a list of 10 incentive travel facts to commemorate Global Meetings Industry Day. 38 percent of all U.S.

Travel 205
article thumbnail

Sales Incentives, Awards, Lead Follow Up and Sales Effectiveness

Understanding the Sales Force

The appointment setters are upset, blaming the low closing percentage on the salespeople. We have the sales process dialed in and we are training on it now. Dave Kurlan wrote: They should receive the incentive only if the opportunity makes it as far as 2 nd base in the sales process. Sales complains that the leads suck.

Follow-up 235
article thumbnail

Are You Really Asking For The Order?

MTD Sales Training

One of the most popular closes, (or should I say anti-closes), is when the sales person presents the offer and waits for the prospect to say something. The sales person does indeed accomplish something with this close…they make the whole situation much worse. The Incentive Close. MTD Sales Training.

article thumbnail

G.I. Joe and your sales incentive

Sales and Marketing Management

Simply sending an email announcement of your next incentive to make the reps aware of the program will not maximize results. Effective incentives are more than awareness. Sales managers are wise to use incentives to improve their results. Incentives stimulate the parts of the brain that respond to happy emotions.

article thumbnail

2 Ways to Turbocharge Your Sales Strategy

SBI Growth

If you formalize them into your sales process, training and measurement, revenue will grow. The two elements to formalize into your sales process, training and measurement are: Referral Sales. Reps aren’t trained to these activities and very few track success. Now is the time to get ahead - the window is closing.

Strategy 310