Remove Incentives Remove Marketing Remove Meeting
article thumbnail

Incentive Travel: The Incomparable Motivator

Sales and Marketing Management

Group incentive travel remains one of the most impactful incentives a company can deploy. Two incentive travel experts talk about making the business case for these programs and meeting participants’ expectations. The post Incentive Travel: The Incomparable Motivator appeared first on Sales & Marketing Management.

Travel 296
article thumbnail

Incentives and Rewards: A Closer Look

Sales and Marketing Management

In short, more precision is better for rewards used with incentives, while less precision is better for rewards used with recognition. Incentives. Good incentives rely on high degrees of precision to generate motivation. This powerful device is optimal for the above-and-beyond incentives that are outside the commission plan.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Meetings and Events Whisperer

Sales and Marketing Management

Teaser: Ray Bloom is the founder and chairman of IMEX Group, which organizes the largest worldwide exhibitions for the incentive travel and meetings industry, including IMEX America, which is scheduled for Oct. Sales & Marketing Management caught up with Bloom recently via email. 18-20 in Las Vegas. 18-20 in Las Vegas.

Meeting 227
article thumbnail

Incentive Program FAQs

Sales and Marketing Management

Q: Why not use quota as a bar to require reps to pass before they’re eligible to earn in the incentive program? Isn’t my objective to grow sales or meet the numbers handed down to me from senior leadership? Whether this is good or bad depends on the availability of talent in your markets.) Q: Why conduct a post-mortem?

Incentive 201
article thumbnail

10 Incentive Travel Facts You Can Put To Good Use

Sales and Marketing Management

Author: SMM On April 6, leaders from across the meetings and events industry came together to support the second annual Global Meetings Industry Day (GMID). GMID events were held across the globe to demonstrate the measurable impact that meetings have on businesses, economies and communities. 38 percent of all U.S.

Travel 205
article thumbnail

New Data: The Top 5 Unacceptable Sales Performance Findings

Understanding the Sales Force

The report says, “87% reported that their sales teams were having difficulty meeting or exceeding quota.” “53% of respondents said that factors, including inflation, market volatility, and sector growth, create a complex environment for sales teams to meet their quotas.”

Data 220
article thumbnail

Is BANT a Sales Process or a Man-Made Disaster?

Understanding the Sales Force

If you enjoy burning through leads because the leads don’t meet the requirements of BANT, then please, go right ahead and use it to score your leads. Until there is an agreed upon compelling to buy, the prospect has no incentive to enter into any qualification conversation. But sure, proceed with four.