Remove Incentives Remove Penetration Remove Training
article thumbnail

10 Ways To Boost Your Sales Incentive Strategy

Sales and Marketing Management

Author: George Kriza, CEO, MTCPerformance Your organization wants to drive sales with an incentive program. Here are 10 of the most important elements in designing and deploying your next incentive campaign. Here are 10 of the most important elements in designing and deploying your next incentive campaign. Gen X, Y or Boomer?

article thumbnail

How to Compensate the Overlay Sales Specialist

SBI Growth

Market Specialist – penetrates new or divergent vertical markets. Ideally, the overlay specialist should eliminate their own role by training their sales people how to sell the new product or penetrate the new market without assistance. The most common varieties include: Product Specialist – promotes new or complex products.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

SBI Growth

Caliber’s growth depended on retaining and penetrating top clients while converting relationships with key accounts. 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.”. Build the Roadmap. Execute the Plan.

Hiring 297
article thumbnail

Hiring Sales Talent: A Tool to Help CEOs Get It Right the First Time

SBI Growth

Penetrating new markets. Help prevent thrashing early on by providing them with focused training. C ompensation – Your incentive plan will help you attract the best talent. Effective growth CEOs can balance working on short-term sales tactics and long-term business strategies. Developing new products. Raising additional capital.

Hiring 303
article thumbnail

New Product? Don’t Forget to Update the Sales Compensation Plan

SBI Growth

Organizing and scheduling product training sessions. Obtain market penetration projections. So how do we incent this behavior? If the product doesn’t make up a minimum of 15% of the overall quota, there won’t be enough incentive for the sales rep to focus on it. What about the sales compensation plan?

article thumbnail

5 Tips for Designing Successful Sales Incentive Compensation Plans

Xactly

Few leading indicators are more predictive of a company’s future sales performance than its incentive compensation plans. While multiple factors influence the effectiveness of your sales incentive compensation plans, 5 tips stand out: 1. Creating incentive programs that work require balancing multiple design choices.

article thumbnail

The Sales Coach - Lessons from Lincoln (Part I)

Anthony Cole Training

You could say it is something I've been cursed with, or blessed with, over my last 20 years with Anthony Cole Training Group - to see sales lessons in the most unusual places. In our world today, we would call that incentive compensation. And so it is when you attempt to convince someone to buy.