The Spiff Blog

AUGUST 19, 2022

Reps spend just 33% of their day talking to prospects, while the rest is devoted to internal or administrative tasks ( source ). The only remedy is a formal incentive communication strategy. Map out an incentive communication step to align with each step of your sales comp process. Let’s dive in!

Incentives 81

Incentives Incentive Compensation Commission 81

Anthony Cole Training

OCTOBER 13, 2014

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. I have inquired about incentives and changes in overall production of a sales team. Resources: Personal Goal Setting Workshop.

Sales Management 203

Sales Management SME Incentives Incentive 203

Sales and Marketing Management

SEPTEMBER 14, 2020

Sales resources became more involved in serving customers, while service resources create more value from customer relationships. . 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. Adapting and Shifting with New Processes.

SAP 207

SAP Compensation Face-to-face Analytics 207

Nutshell

AUGUST 27, 2018

There are hundreds of different sales tactics that you can use to find prospects, qualify leads, and make a sale. Prospecting. What is prospecting? What is prospecting? Prospecting is the process of finding and reaching out to potential customers for your business. Scour Yelp for potential prospects.

Sales Qualified Lead 126

Sales Qualified Lead Closing Lead Rank Lead Scoring 126

Anthony Cole Training

JANUARY 13, 2014

It caught my attention because 1) the use of a number , the use of the word improve and the phrase reduce revenue risk and 2) I’m constantly on the look out for information that may be of help to my clients and prospects. Additional Resources: Success Tracker (Sales Activity Tracker) – Call Jeni at 513.791.3458.

Sales Forecasts 186

Sales Forecasts Forecasting Margin Incentives 186

Zoominfo

MARCH 6, 2019

You may be asking: “Why should I allocate time and resources to referral marketing when I have so many channels to reach potential customers directly?” 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.

Referrals 197

Referrals Ideal Customer Profile Marketing Incentives 197

Sales and Marketing Management

OCTOBER 15, 2020

Phone2Action hired a new head of human resources just a few weeks before the pandemic hit. Lee Burbage, a human resources manager at The Motley Fool, says his HR team has tried to keep the “surprise and delight” aspects of office life at the online financial and investment advice company going in the COVID-19 WFH era.

Incentives 227

Incentives Incentive Face-to-face Survey 227

criteria for success

FEBRUARY 8, 2022

If you’ve been a sales manager for a while, it's inevitable that one or more people – or even your entire sales team – will get into a prospecting or selling slump. 7 Sales & Prospecting Slump-Busters. Have everyone set an individual weekly goal for how many prospecting activities they will perform. An Original CFS Resource.

Prospecting 105

Prospecting eBook Lead Rank Lead Scoring 105

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. Use your own voice to share high-quality resources that offer real value to your network.

Buyer 190

Buyer Social Media Social Selling Incentives 190

No More Cold Calling

SEPTEMBER 21, 2017

She’d been there … as a customer of incentive compensation and a lover of performance management. ” That bulldog-like tenacity and loyalty make women in sales trusted resources for their customers. This doesn’t just make us great at winning over prospects. Women in Sales: The Challenges That Remain.

Cold Calling 266

Cold Calling Loyalty Account Intent 266

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. Find look-alike companies.

Lead Rank 196

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

The Sales Hunter

FEBRUARY 20, 2012

FREE Resources. Mark’s Insights on PROSPECTING. Mark’s Insights on PROSPECTING. FREE Resources. He eventually lost a great job and thousands of dollars in incentive bonus because instead of helping his people succeed, he became a roadblock to success. prospecting. Client List. Testimonials.

Motivation 220

Motivation Sales Management Hiring Negotiation 220

Zoominfo

SEPTEMBER 1, 2019

The chatbot responds to the customer’s inquiry with personalized messages, analyzes their responses, and points the customer to the helpful resources they’re looking for. It may seem anxiety-inducing, particularly if your social team is lacking in resources and bandwidth. Establish an Incentive-Based Customer Loyalty Program.

Loyalty 130

Loyalty Customer Incentives Incentive 130

Sales and Marketing Management

JUNE 22, 2020

Here are the red flags to watch out for: Mediocre first experience – During the pre-sales process, software companies bring out an army of experts across sales, support and engineering to wow the prospect and seal the deal. Too often, the initial implementation cycle takes too long.

B2B 207

B2B Customer Vendor Enterprise 207

Nutshell

MARCH 17, 2023

Welcome email templates Welcome emails are an effective means of connecting with consumers transitioning from prospect to interested customer. Resources: Sharing additional resources about your product or service will help the reader feel prepared to use the trial. You have an opportunity to capitalize on this relationship.

Customer 154

Customer Discount Incentives Incentive 154

Hubspot Sales

MAY 26, 2023

In real estate, you have to understand that prospects aren't going to appear out of thin air. This is a concept known as real estate prospecting. And in the highly competitive world of real estate, prospecting can be challenging. Prospecting should be a fundamental part of your business strategy as a real estate professional.

Real Estate 105

Real Estate Prospecting Ideal Customer Profile Social Media 105

Hubspot Sales

MARCH 25, 2024

Here it is: Prospects aren't always easy to deal with. So to help you get a sense of the kinds of buyers you need to look out for (and what to do when you‘re dealing with them), we asked some sales leaders for their takes on the most difficult types of prospects to work with and how to engage with them effectively. You're welcome.

Prospecting 111

Prospecting Cancellation How To Revelation 111

Hubspot Sales

JUNE 2, 2021

That's why word-of-mouth and recommendations from prospects' networks are so valuable — and it serves companies to know how to tap into those. Your customers can be as effective a sales resource as virtually any other. Sales is, in large part, the process of cultivating and capitalizing on prospects' trust.

Social Media 119

Social Media Construction Incentives Incentive 119

Hubspot Sales

FEBRUARY 17, 2020

Let the answers to those questions guide how you describe your product to prospective customers. Thoroughly qualify your prospects. Are you sure you’re selling to the right prospects to begin with? When qualifying prospects, you want to reach those who are the best fit for your product, and are most likely to make a purchase.

Territories 138

Territories Incentives Incentive Sales Qualified Lead 138

Hubspot Sales

DECEMBER 2, 2024

As someone with extensive experience leading teams of SDRs, I'll be the first to tell you that keeping both reps and prospects engaged with the holidays on the horizon is every bit as tricky as it is essential. Other incentive programs, like SPIFs , can also help your reps keep their foot on the gas through the end of Q4. NONE AT ALL!

Incentives 98

Incentives Incentive Intent Closing 98

Zoominfo

OCTOBER 6, 2020

Reps can take on too much, too fast and burn out — suddenly, not only do you find yourself drowning in work, but one of your top performers is reconsidering long-term prospects at your company, or at the very least, they’ve lost confidence. For instance, do peers use the person in question as a resource? And work well.

Lead Rank 169

Lead Rank Lead Scoring Marketing Qualified Lead Leads 169

The Pipeline

DECEMBER 16, 2011

Free Resources. I would add another disconnect that prevents sales training from achieving a positive return on investment is a lack of alignment between the organization’s strategies, structure, processes/operations, incentives and people. Prospecting. 3 R’s of Prospecting Success. Free Resources.

Pipeline 230

Pipeline Training Twitter Hiring 230

Sales and Marketing Management

AUGUST 3, 2020

Here are the red flags to watch for: Mediocre first experience – During the pre-sales process, software companies bring out an army of experts across sales, support and engineering to wow the prospect and seal the deal. Too often, the initial implementation cycle takes too long.

B2B 177

B2B Customer Vendor Enterprise 177

DiscoverOrg Sales

JANUARY 29, 2016

Their selling powers rely on their energy, enthusiasm, and attitude in every conversation with every prospective client. The staffing industry is a well-established one in the business world, and money-based incentives have long been the primary mode of motivation. Is Money Really the Best Motivation?

Motivation 120

Motivation Incentives Incentive Commission 120

The Sales Developers

DECEMBER 6, 2019

Sales teams have everything needed for outbound prospecting activities. And every phone number was attempted to reach the prospect live, their direct voicemail, or their admin who confirms the best number and phone path to reach them on. This process eliminates the minutes that add up significantly when trying to reach your prospects.

Top of Funnel 81

Top of Funnel Outsourcing Services Funnel Outbound 81

Hubspot Sales

JANUARY 9, 2018

Factor in your product’s price, total addressable market (TAM), market penetration, and resources (including your sales headcount and Marketing support). Identify 100 potential prospects and assign tiger team to each. Team structure/resources. You should also include a description of your resources. Revenue targets.

Buyer Persona 145

Buyer Persona Referrals How To Commission 145

Hubspot Sales

OCTOBER 20, 2020

You want your reps to be ambitious and dedicated — willing to do that much more to book an extra meeting or keep a prospect with waning interest in your pipeline. By ramping quickly and effectively, an excellent rep spares your company time, effort, energy, and resources. Truly excellent reps are willing to lock in and take initiative.

Commission 135

Commission Incentives Incentive How To 135

Zoominfo

MARCH 6, 2019

You may be asking: “Why should I allocate time and resources to referral marketing when I have so many channels to reach potential customers directly?” 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.

Referrals 130

Referrals Marketing Incentives Incentive 130

Hubspot Sales

OCTOBER 26, 2020

It lets a company interact with a prospect more pointedly — foregoing more indirect communication and interest-building in favor of straight-up sales engagement. If a sales rep has a permissive in with a prospect, then their call, email, or engagement is much more welcome than it would be otherwise.

Sales Qualified Lead 140

Sales Qualified Lead Remedy Consultative Selling Lead Rank 140

Zoominfo

MARCH 10, 2021

An active sales team can help educate your prospects and sell at non-discount rates. Consequently, B2B startups sometimes offer customer support and training for free to those who need it as an incentive to buy. ‘You’ll eliminate time- and resource-wasting users that never provide you with actual revenues.’

Hiring 162

Hiring Company Enterprise Enterprise 162

Hubspot Sales

FEBRUARY 9, 2022

Merchants who offer a variety of pricing plans or packages to their prospects are likely operating on a tiered pricing model. These tiers allow customers to choose the option that best accommodates their needs and often incentives them to move up in tiers over time. Image Source: SproutSocial. Rent the Runway Price Tiering.

Lead Rank 122

Lead Rank Incentives Incentive Hubspot 122

Hubspot Sales

MARCH 21, 2019

Have you been in an interview and asked your prospective employer which sales metrics they value most? Improve your win rate by capturing and nurturing high-quality opportunities like referrals or prospects who’ve already demonstrated high intent to buy. That answer is probably, " Yes. How Discounts Affect Sales Velocity.

How To 138

How To Sales Cycle Discount Lead Rank 138

Sales Hacker

JULY 14, 2023

Share The GTM Newsletter “I’m an early stage founder looking for resources / templates / examples of SDR and AE enterprise commission and bonus structures that have successfully worked. Spiff budget for monthly incentives/contests (keeps it fun). Cost of living limits incentive %. Measured by qual opportunities per month.

Incentives 52

Incentives Incentive Compensation Hiring 52

Hubspot Sales

OCTOBER 2, 2019

Having clear, visible goals and incentives builds well-rounded sales professionals. Keeping track of this metric for each rep (along with an average for your team) can provide valuable data about the quality of your leads and if your team has the resources to properly nurture them for the sale. Performance-based compensation.

SAP 142

SAP Oracle Compensation Territories 142

Hubspot Sales

JUNE 29, 2020

Gamify it with financial incentives. Let’s discuss what it means to be money motivated, and if financial incentives are truly the best way to foster an engaged, motivated sales team. However, it is important for sales leaders to consider other sources of motivation for their sales teams in addition to financial incentives.

Motivation 124

Motivation Compensation Commission Incentives 124

Hubspot Sales

NOVEMBER 28, 2023

A joint effort attracts the right kind of leads, with the sales team focusing its energy on prospects with the highest likelihood of conversion. A joint strategy streamlines operations, reduces resource waste, and boosts the overall efficiency of the sales funnel.

Lead Rank 111

Lead Rank Top of Funnel Marketing Qualified Lead Ideal Customer Profile 111

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. Find look-alike companies.

Lead Rank 133

Lead Rank Marketing Qualified Lead Sales Qualified Lead Top of Funnel 133