article thumbnail

Eyes On the Prize

Sales and Marketing Management

Teaser: Companies frequently run into trouble by failing to create the right balance between sales goals and the actions they tie incentives to. Insurance giant Aflac follows these four guidelines as it builds and refines a wide variety of incentives, contests and prizes to capture the attention of a sales force more than 60,000 strong.

Insurance 191
article thumbnail

No Product Differentiation? No Problem. A CEO Who Found Another Way to Grow

SBI Growth

The majority of our volume comes from direct repair programs (DRP) that requires you be on the insurance company’s preferred list. We partnered with a consulting firm to help us identify the right sales resources, define the sales processes, and determine the proper metrics and sales incentives.”.

Hiring 297
Insiders

Sign Up for our Newsletter

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

article thumbnail

Sales Managers – Why Isn’t Goal Setting Easy?

Anthony Cole Training

I was first introduced to goal setting in sales when I was an insurance agent with National Life of Vermont. I failed in the life insurance business. Or, if you want to use incentive travel/excursions to motivate people to higher levels of performance, you raise the bar required for people to qualify for the “President’s Club” trip.

article thumbnail

How? ?Insurance? ?Incentive? ?Commissions? ?Management? ?Software? ?Helps? ?Agents

Canidium

Insurance carriers are always trying to reduce costs and streamline their business processes, from on-boarding producers through compensation. However, they usually have silos of legacy business applications with multiple databases that increase operating costs.

article thumbnail

Serving Others Never Goes Out of Style

Sales and Marketing Management

Helping others as a team is invigorating and bonding, which is why corporate social responsibility (CSR) continues to be a popular component of offsite meetings and incentive travel programs. Comparing the results from 2015/2016 with 2017/2018, CSR is actually up two points across all regions.

Incentive 159
article thumbnail

Burnout Becomes a Bigger Fear in WFH Environments

Sales and Marketing Management

Companies are stepping up their health insurance programs’ mental health offerings, and employees are taking advantage of it. “We at least part time?—?but but many are not comfortable with the idea of full-time work-from-home arrangements. Workers’ mental health is a chief concern. We are social animals?—?it’s Accept this without judgement.

article thumbnail

5 Keys to Building Successful Sales Teams – Let’s Talk Motivation

Anthony Cole Training

In 1989, while I was in Cincinnati working as an insurance agent for David Zimmerman (who actually recruited me to play at UCONN), I attended a life insurance conference. You can create a recognition program (or incentive process) that recognizes the things that are important to them. I was my own motivator.