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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
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Maximizing Motivation: Why Well-Intentioned Incentive Programs Don’t Work and How to Improve Them

Sales and Marketing Management

While on the surface, this incentive strategy had some validity, the results were not what the company predicted, or wanted. Second, many of these performers were married and the idea of travel, even incentive travel, meant their families would be on their own for a few days.

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Incentive Compensation: What It Is & How to Structure a Plan

Hubspot Sales

Incentives are natural motivators — and sometimes, some "natural motivation" is exactly what your salespeople need to perform to the best of their abilities. That's why several companies leverage something known as incentive compensation : the practice of offering financial rewards for professional excellence. Annual Incentives.

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Demystifying Buyer Intent Data: 3 Tiers of Actionable Insights

Zoominfo

At its core, intent data helps marketing and sales teams identify the companies and individuals most likely to make a purchase, especially in the near future. But not all intent data is created equal. There are many types of intent data, and an array of providers. How Do I Know Which Intent Data is Trustworthy?

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Top 20 Reasons Why Sales Managers Suck at Coaching

Understanding the Sales Force

Trust - Salespeople don''t trust their intentions. Motivation - They don''t have the incentive (compensation) to justify the effort. Skills - They have not been trained in the fine art and science of sales coaching. DNA - They don''t have the DNA to support effective sales coaching. Respect - Salespeople don''t respect their talent.

Coaching 227
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KPI’s – What Are They To You?

The Pipeline

In the wrong hands, with wrong intents, the best concepts can come back to bite you; in sales it is usually the disconnect between what’s being measured and the desired results. ” It doesn’t help when sales leaders are incented on meeting KPI’s rather than result. Looking at it that way can be a part of potential problems.

Workbooks 288
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5 Proven Ways to Build Customer Loyalty

Zoominfo

Establish an incentive-based customer loyalty program. While there are many different forms of incentives you can offer within your program, here are a few recommendations: Create a tiered incentive program. Offer incentives that speak to your customers’ values. Personalize your incentives.

Loyalty 206