SBI Growth

NOVEMBER 15, 2013

Social prospecting, technology proficiency and content production are just a few. Incent them correctly and you get what you want. Mis-align incentives and you get nothing. This requires the ability to perform social prospecting extremely well. Does he or she understand the competencies required to support the new buyer?

Sales Qualified Lead 312

Sales Qualified Lead Ideal Customer Profile Referrals Incentives 312

No More Cold Calling

AUGUST 1, 2019

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. The trust the prospect has for the referral source is transferred to the salesperson. I always advise clients against offering incentives for referral business.

Referrals 289

Referrals System Cold Calling Social Media 289

SBI Growth

OCTOBER 21, 2013

Incentive Programs. Does your comp plan incent behaviors that will get you to your number? A majority of reps focused on margin, and gave up prospecting for new accounts. Systems should be mobile friendly, allowing data to be entered while on the go. If the tools are not enabling selling activity, they are a hindrance.

Hiring 293

Hiring Ideal Customer Profile Margin Face-to-face 293

Zoominfo

SEPTEMBER 4, 2019

Their sales reps get super hands-on with prospects during the buying journey — they provide demos, answer questions, ask for feedback, etc. Then the prospect makes a purchase, and suddenly they’re on their own. Establish an incentive-based customer loyalty program. Offer incentives that speak to your customers’ values.

Loyalty 206

Loyalty Customer Incentives Incentive 206

The Pipeline

JULY 16, 2012

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

Referrals Lead Rank Lead Scoring Territories 324

SBI Growth

MARCH 29, 2013

This Social Selling skill works with your customers and prospects. Incentive Structure. Even when their virtual team has no monetary or organizational incentive to do so. Endorsements, recommendations, mentions, and idea sharing are the currency in social debt economics. When you give, others are more inclined to give back.

B2B 293

B2B Commission Incentives Incentive 293

SBI Growth

JANUARY 5, 2014

A-players – Incent them more and put them in your best territories. PRIORITIZE THE PROSPECT UNIVERSE. Start the year by prioritizing the prospect universe. Here’s a blog post that covers the best practices of how to prioritize the prospect universe. SOCIAL PROSPECTING. Prioritizing leads includes two.

Sales Management 310

Sales Management Face-to-face Decision Maker Travel 310

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? They find leads themselves through prospecting. Some questions to determine if this is a root cause: Do the Sales Reps complain of too much time spent prospecting for leads? That may not be the best option.

Hiring 326

Hiring Outsourcing Services Lead Nurturing Demand Generation 326

Understanding the Sales Force

SEPTEMBER 9, 2013

They tend to pay more than smaller and larger businesses and their recruiting efforts, compensation and incentive plans are designed to attract stronger salespeople. During 2009, only those companies with cash and a willingness to spend it - mostly mid-market companies - were hiring salespeople.

Sales Management 288

Sales Management Hiring Compensation Trends 288

Zoominfo

MARCH 6, 2019

Not every referred prospect will become a customer, but the increased conversation about your company and products will strengthen your brand and help maximize your reach. Choose the right incentives. Plus, incentives motivate customers, as 50% of people say they’re likely to give a referral if offered a reward ( source ).

Referrals 197

Referrals Ideal Customer Profile Marketing Incentives 197

SBI Growth

NOVEMBER 30, 2013

Are they adept at Social Prospecting? Take vacation when your customers and prospects take vacation. Specifically: You tend to offer additional incentives to customers or channel partners. Assess your team regularly, against Competencies that matter today. These competencies correlate to sales success. They are relevant.

Policies 303

Policies Incentives Incentive Channels 303

SBI Growth

SEPTEMBER 23, 2013

Change the compensation plan to incent new logo growth by adding an accelerator. Why are reps not being taught how to generate demand in the new prospects? How was he going to teach his team to generate appointments inside their target prospects? Reduce turnover from 33% to 20% (had an unfortunate spike this year).

Compensation 325

Compensation Social Media Incentives Incentive 325

SBI Growth

NOVEMBER 17, 2013

Link some incentive to making the revenue goal. Conducting predictive analysis to find better prospects. Enable Sales Ops to pay well for their positions. Let them to design the team that’s suited to the challenge. This means hiring hybrids that have great technical ability and business acumen. Valuable resources cost money.

Company 296

Company Hiring Buyer Persona Maximizer 296

Sales and Marketing Management

MAY 31, 2020

Businesses should look for ways to easily re-allocate quotas, based on factors such as how your customers and prospects are impacted by changes in the market. . After all, an incentive plan cannot motivate employees if it is too complex for them to understand. Adapt Compensation Plans to Reflect Reality. Model Costs Accurately.

Motivation 194

Motivation Compensation Commission Incentives 194

The Pipeline

AUGUST 27, 2019

They not only give away their time; they pay the prospect for the privilege of doing so. Buyers know they will be offered price incentives to bring a deal in sooner, like “end of the quarter.” You know what I mean, spending all that valuable time with prospects that you know will never buy. Well you can.

Wireless 264

Wireless Discount Face-to-face Scale 264

Sales and Marketing Management

DECEMBER 14, 2020

Author: Paul Nolan In today’s buyer-centric world, salespeople need to create value more than ever or they won’t get in front of prospects. Georgia-based Incentive Team works primarily with home goods manufacturers who sell through channel partners.

Channels 136

Channels Incentive Incentives Travel 136

The Pipeline

FEBRUARY 6, 2018

No doubt there may be other incentives or ways to prime the pump, be that money or title; but for the most part, those have short-lived impacts, with minor if any lasting change. Walking To Run.

Coaching 247

Coaching Lead Rank Incentives Incentive 247

Sales and Marketing Management

OCTOBER 15, 2020

Use of digital gift cards in the incentive division of Blackhawk Network, a leading gift card provider, is up 200% in 2020, according to Blackhawk’s Vice President of Marketing Theresa McEndree. Companies are also using Tango cards as incentives to complete training. We’re pretty well-known for getting the people the pizza they want.”.

Incentives 227

Incentives Incentive Face-to-face Survey 227

Hubspot Sales

NOVEMBER 16, 2020

The contest's incentive structure is steep and high-stakes. Monetary incentives are probably the most straightforward award you can offer to whip your sales reps into shape. The latest iPhone, a new laptop, or any other fresh electronic commodity can be a powerful incentive to get more out of your team. Cash Bonuses.

Incentives 137

Incentives Incentive Real Estate Film 137

No More Cold Calling

DECEMBER 30, 2014

Here’s a hint: Any sales tactics, activities, or systems that help you build relationships with clients and prospects are worth the time and effort. Think you’re getting away with cold calling and pretending you’re best buddies with your prospect? And which tactics will help us keep our pipelines full in 2015 and beyond? Learn more.)

Referrals 260

Referrals Gatekeeper Cold Calling Networking 260

Sales and Marketing Management

JUNE 26, 2018

Our experience with sales incentive programs demonstrates answering these five questions in a way that satisfies salespeople will not only align their goals to yours, but dramatically increase your sales results. How many prospects will they need to approach? They want to do the right things, but need your help. Want to learn more?

Incentives 174

Incentives Incentive Compensation Lead Rank 174

Zoominfo

JUNE 10, 2018

Most of the time, when a prospect says, “I can’t afford it,” they’re not usually talking about price at all. You can talk until you’re blue in the face, but until your prospect sees your product in action, they won’t truly understand its value. If your prospect seems hesitant, ask questions of your own to get them talking.

Objections 239

Objections Case Study Face-to-face Study 239

Jeffrey Gitomer

DECEMBER 18, 2018

If it's just a callback, make the prospect write it down. Offer incentives and alternatives. Prospect's answer -- "Oh no, no, no.") I'll be your best friend. The success with which this stall is able to be handled is directly related to the quality of the relationship that's been built with your prospect or customer.

Call-back 156

Call-back Incentives Incentive Objections 156

No More Cold Calling

APRIL 20, 2017

Here’s how to cure your prospecting problem. What’s to fear about prospecting? That may seem absurd today, but it was a creative prospecting strategy in 1995. I tried coaching, I tried demonstrating, and I tried setting goals and incentives. Prospecting Creates the Same Fear Today. Surprised? Good question.

Cold Calling 249

Cold Calling Referrals Sales Qualified Lead Promotion 249

Lead411

DECEMBER 19, 2024

10 Tips for Closing B2B Deals Before Year-End: Last-Minute Strategies and Incentives Tips for Closing B2B Deals Before Year-End: Last-Minute Strategies and Incentives As the year winds down, sales teams often face the challenge of closing deals before the clock strikes midnight on December 31.

Ideal Customer Profile 40

Ideal Customer Profile Incentives Incentive B2B 40

Zoominfo

JULY 1, 2018

Social sellers realize a 66% greater quota attainment than those using traditional prospecting techniques ( source ). That way, you’re armed and ready to respond to prospects who may already be influenced by online reviews. Check it out: 78% of salespeople using social media outperform their peers ( source ).

Buyer 190

Buyer Social Media Social Selling Incentives 190

Crunchbase

NOVEMBER 9, 2021

Lead generation is pointless if it doesn’t result in a prospect and a conversion. Before we dive into how to drive conversions, let’s first unpack the difference between a lead and a prospect, and how to turn one into the other. Grow your revenue with all-in-one prospecting solutions powered by the leader in private-company data.

Sales Qualified Lead 111

Sales Qualified Lead Lead Rank Lead Scoring Prospecting 111

Hubspot Sales

NOVEMBER 16, 2020

That's why uncapped commission can be a powerful incentive for sales reps to exceed expectations. If a sales rep's commission is capped at $50,000 for $500,000 worth of sales in a quarter, what incentive do they have to try to go beyond that? As far as mentioning compensation, be frank with candidates.

Commission 135

Commission Incentives Incentive Hiring 135

Pointclear

FEBRUARY 7, 2018

Those who’ve ever called a close friend more than a few times to schedule lunch know why you won’t engage a busy prospect with just a couple of calls.). Check out this video that explains how over-focusing on cost per lead incents lead volume over lead quality. Your comments are welcome.

Cost per Lead 204

Cost per Lead Lead Rank Lead Scoring Leads 204

Understanding the Sales Force

MARCH 14, 2014

Salespeople with a lack of Commitment don''t have the incentive to change. It''s a conversation that different from what most salespeople are having with their prospects and it relies heavily on effective listening and note-taking skills. They are conditionally committed. Not really.

Consultative Selling 257

Consultative Selling Training Conference Coaching 257

Zoominfo

MAY 20, 2021

That statistic alone offers an incentive for brands to take a closer look at their email marketing strategy and to maximize return. You can engage prospects throughout the customer life cycle. At this stage, email is used to welcome new prospects at the beginning of the purchase journey who have filled out a form on your website.

Email Marketing 264

Email Marketing Benefit Webinar Metrics Marketing 264

Zoominfo

OCTOBER 18, 2018

Often, your product pages exist to simply introduce visitors and prospects to your goods and services—enticing them to learn more. If you include too much information at once, you risk losing a prospect’s interest. This requires some sort of incentive. In this instance, the incentive must be the value of your product.

B2B 203

B2B Case Study Ideal Customer Profile Study 203

Sales and Marketing Management

OCTOBER 29, 2018

Companies in industries like healthcare, security, aerospace, technology and finance have long used unbranded content to curate leads while educating prospective clients on what are often complex, highly technical products and services. Companies use webinars to educate prospects, showcase their expertise and get leads. Whitepapers.

Top of Funnel 237

Top of Funnel B2B Webinar Metrics Marketing 237

DiscoverOrg Sales

NOVEMBER 27, 2017

Target your best-fit prospects. In order for your message to be relevant, it has to speak to a prospect’s specific situation. And no one has resources to waste on poor-fit prospects. Engage these good-fit prospects via email, PPC ads, or social media. Engage these good-fit prospects via email, PPC ads, or social media.

Lead Rank 196

Lead Rank Marketing Qualified Lead Sales Qualified Lead Top of Funnel 196

No More Cold Calling

JANUARY 16, 2020

Whether you are a CEO, vice president, or sales manager, you have a central role in your company’s sales process and in the decision to transition from vapid outbound prospecting to selling through referrals. So, your first action is to SHOW your sales team your commitment to prospecting through referrals.

Referrals 328

Referrals Sales Management Hiring Scale 328

Sales and Marketing Management

SEPTEMBER 14, 2020

They were also able to use analytical and predictive tools to determine which clients or prospects were most at risk and better develop mitigation plans. Finally, organizations leveraged customer insights to rapidly create new offerings, product packages and pricing that were more appealing to their clients and prospects.

SAP 207

SAP Compensation Face-to-face Analytics 207

Zoominfo

MARCH 19, 2018

Social selling is a sales technique that leverages social networking sites to identify prospects, build relationships, and ideally, close more deals. Sales Navigator also offers real-time updates on your prospects and customers for improved communication. Social selling generates 38% more new opportunities than traditional sellers.

Social Selling 227

Social Selling Tools Lead Rank Lead Scoring 227