SBI Growth

JUNE 29, 2013

Sales leaders will not Make the Number if they fail to rapidly onboard new talent. The sales environment is uniquely suited to take advantage of an innovation called “ gamification.” This post is for HR and Sales leaders who ask, "How can we accelerate the productivity of our new hires?". The Game: A Great Match for Sales?

Hiring 326

Hiring Case Study Lead Scoring Lead Rank 326

No More Cold Calling

JULY 25, 2024

Rusty sales skills won’t win the gold. It’s the same for your sales team. If you want this to be a game-changing year, it’s up to the CRO to make skills-building and practice a requirement, an integral part of your culture, and a major component of your sales strategy. What sales lessons can we learn from them?

Referrals 334

Referrals Cold Calling Coaching Incentives 334

Sales Gravy

OCTOBER 10, 2024

On this episode of The Sales Gravy Podcast, Lucy Beth Adams sits down with Master Sales Trainer, Jessica Stokes to discuss her journey in sales, from her early days in cold calling to becoming a top trainer. link] Diverse Life Experiences Diverse experiences before entering sales can provide valuable perspectives.

Cold Calling 96

Cold Calling Face-to-face Commission Incentives 96

SBI Growth

OCTOBER 17, 2012

You need to improve your ability to accurately forecast so the VP of Sales can make the number. One way is to control the top of the sales funnel. In a study released by eMarketer, “US online ad spending will post growth well above 20% this year to reach nearly $40 billion.” This is the very top of the sales funnel.

Top of Funnel 293

Top of Funnel Funnel Sales Operations Ideal Customer Profile 293

Sales and Marketing Management

DECEMBER 17, 2018

Author: TIM HOULIHAN Do you avoid team incentives because you are worried about being fair? Teams perform better than individuals [ Kuhn, “Experiments on Motivation, Incentives and Rationality” 2007 ], and you and your bottom line can benefit from rewarding teams. Worry no more. Don’t ask team members to rate each other. Online Bonus:?Google

Incentives 149

Incentives Incentive Compensation ROI 149

No More Cold Calling

MARCH 7, 2013

Should you offer incentives to Referral Sources? For a 2010 report from the Wharton School of Business, researchers Christophe Van den Bulte, Bernd Skiera, and Philipp Schmitt studied data that an anonymous German bank gathered on nearly 10,000 of its customers over 33 months. Incent or not. The short answer is NO. Comment Here.

Referrals 245

Referrals Incentives Incentive Banking 245

SBI Growth

OCTOBER 20, 2012

HR leaders, get ready for the 2013 Sales Kickoff by fixing the flaws in your compensation plan today. Rinse and Repeat: The Annual Comp Study. The standard comp study may be dangerously inadequate. Technology Company: More than 60% of the sales force are on a trajectory to miss their number. Compensation Study ?

Compensation 267

Compensation Incentives Incentive Lead Rank 267

SBI Growth

SEPTEMBER 26, 2012

You need to close a few of the big ones in the late stages of your sales process to hit your number this year. Early stage sales activity won’t get you to the number. Neither will your efforts to move deals from stage 1 to stage 2 in the sales process. The deals you care about are the ones in latter half of the sales cycle.

Closing 303

Closing Lead Scoring Lead Rank Customer 303

SBI Growth

FEBRUARY 5, 2014

The first monthly commission statements will soon be in your sales reps'' hands. This post is for Sales leaders and HR business partners. Read on to understand the mechanics of effective sales compensation. Erik Charles is the Principal Incentive Strategist at Xactly Corp. It answers a fundamental question.

Compensation 288

Compensation Territories Hiring Commission 288

Sales and Marketing Management

MAY 20, 2019

The company, which has been named one of the best places to work in Georgia by Georgia Trend Magazine, incorporates education, contests and incentives into its benefits program, adopting a holistic approach to helping workers be happier and healthier. Numerous studies report the return on investment for employers is significant and clear.

ROI 257

ROI Incentives Incentive Study 257

Sales and Marketing Management

MARCH 5, 2020

Author: Leeatt Rothschild Sales managers are racing to hit their 2020 goals, which are likely higher than last year’s. It’s no secret that by setting effective sales incentives and pay structures you can dramatically increase your team’s success rate. Giving bonuses based on sales achievements is the standard for most companies.

Incentives 204

Incentives Incentive Commission How To 204

Anthony Cole Training

OCTOBER 13, 2014

I was first introduced to goal setting in sales when I was an insurance agent with National Life of Vermont. I never did write 100 lives but, based on the sales activity reporting I did every week, I should have. Towards the end of my career, I contracted with a sales trainer, Tom. You do the math. You do the math.

Sales Management 204

Sales Management SME Incentives Incentive 204

Salesmate

JUNE 4, 2021

Sales isn’t the same as it used to be. And with this change in technology, advancements in sales methodologies have also taken place. Similarly, many other practices in sales have changed with the changing world around. One such practice is that of providing sales incentives to the salespeople.

Incentives 105

Incentives Incentive Compensation Motivation 105

SBI Growth

OCTOBER 21, 2013

Sales Operations is responsible for creating that winning environment. Performance culture is studied in depth in our 2014 Research Tour. 80% of its sales team was outside sales reps. The Sales Operations team moved to reorganize the group. Incentive Programs. Resource Allocation. Talent Management.

Hiring 293

Hiring Ideal Customer Profile Margin Face-to-face 293

Sales and Marketing Management

MARCH 27, 2019

Author: Mike DeLeonardis, President, North America at beqom Seventy-nine percent of companies say that increasing sales productivity is a strategy they’re using to reach growth targets in 2019, but actually meeting this goal may be a challenge as only 35 percent of average-performing sales reps’ time actually goes to selling.

Strategy 223

Strategy Compensation Commission Incentives 223

Crunchbase

APRIL 6, 2023

During the past two years, sales professionals have faced budget and hiring freezes along with multiple bouts of layoffs across industries — especially in tech. It’s less than ideal that the average sales turnover rate is 35%, compared to a 13% average turnover rate for all other roles. Why the disparity?

Incentives 98

Incentives Incentive Hiring Top of Funnel 98

Lead411

DECEMBER 19, 2024

10 Tips for Closing B2B Deals Before Year-End: Last-Minute Strategies and Incentives Tips for Closing B2B Deals Before Year-End: Last-Minute Strategies and Incentives As the year winds down, sales teams often face the challenge of closing deals before the clock strikes midnight on December 31.

Ideal Customer Profile 40

Ideal Customer Profile Incentives Incentive B2B 40

The Pipeline

MARCH 12, 2021

Sales like most tribes being a bit more civil than antelopes, prefers the 80/20 rule, over herd mentality. I have always been fascinated by how willing sales types are to accept the 80/20. As has been the case through the ages (I’m old enough), sales leaders look for “solutions” to fix their problems. A Herd By Any Other Name.

Sales Leadership 386

Sales Leadership Quota Data Sports 386

Sales and Marketing Management

FEBRUARY 24, 2021

If one of your goals in 2021 is to grow your online sales, you’re not alone. According to a Hubspot study : 39% of people will stop engaging with a website if images won’t load or take too long to load. Make each piece of content valuable to your audience (read: not just sales copy). , and businesses were no exception.

Top of Funnel 301

Top of Funnel Social Media Google Analytics Scale 301

Hubspot Sales

JULY 30, 2024

Then, the game changed when I leveled up my sales email writing game with curiosity-provoking subject lines, strong body text, and compelling closing statements. Read on to hear my tactics for ending a sales email.e From there, initiating conversations and strengthening relationships with business buyers and influencers got easier.

Closing 122

Closing Quota How To Webinar Metrics 122

SBI Growth

NOVEMBER 18, 2013

In B2B sales environments, it’s easy to become a commodity. From a B2B Sales point-of-view, Social Sharing is beneficial for 4 reasons: 1. Clive Thompson points to several research studies that demonstrate this effect. One research study focused on college students. It is behavior that must be reinforced and incented.

Twitter 276

Twitter Influencer Networking Social Media 276

Sales and Marketing Management

NOVEMBER 22, 2017

Sales manager: I’d like to know what rewards the reps would like for our next incentive. Sales rep: Cash! Sales manager: Sounds good. You may be a seasoned sales manager, fatigued by trying to come up with innovative ways to motivate your reps. Are incentives obsolete? I’ve got bills to pay! Don’t do it.

Motivation 191

Motivation Incentives Incentive Lead Rank 191

Zoominfo

JUNE 10, 2018

As a B2B sales rep, you already know objections are an unavoidable part of your job. Yet, as we explained in a recent blog post , there are many tips and tricks sales reps can use to bypass common objections during the sales cycle. This removes a huge barrier between the sales rep and the prospect and puts you on the same team.

Objections 239

Objections Case Study Face-to-face Study 239

Zoominfo

SEPTEMBER 4, 2019

Their sales reps get super hands-on with prospects during the buying journey — they provide demos, answer questions, ask for feedback, etc. But, featuring a customer in a case study will also make them feel important, valued, and more connected to your brand. Establish an incentive-based customer loyalty program.

Loyalty 206

Loyalty Customer Incentives Incentive 206

Vengreso

JANUARY 9, 2025

Sales contests are a powerful tool to boost motivation, improve performance, and increase revenue. However, designing a sales contest or sales game that delivers tangible results requires careful planning and execution from your sales enablement team. But what exactly is the endgame?

Incentives 65

Incentives Incentive How To Sales Qualified Lead 65

Hubspot Sales

JULY 22, 2024

I'm always saying, “Sound, well-structured business email templates are central to effective sales communication, initiating productive sales conversations, and sustaining relationships with prospects and customers.” Referral Request Emails Happy customers are some of the most lucrative resources any sales org has at its disposal.

Ideal Customer Profile 111

Ideal Customer Profile Proposal Lead Rank Referrals 111

Jeffrey Gitomer

OCTOBER 10, 2018

Where will your sales be? These reasons seem pretty easy to overcome, yet studies show that more than 70% of our adult society does not even set goals in writing. What's my incentive? Is my incentive strong enough to ensure achievement? Sales note.Don't confuse goals with quotas. How will you get there? Here are 7.5

Sales Goal 190

Sales Goal Hiring Incentives Incentive 190

Zoominfo

OCTOBER 18, 2018

A good product page encourages each visitor to take a specific action—submit a form, call a sales representative, or even make a purchase. This requires some sort of incentive. In this instance, the incentive must be the value of your product. Here’s why: Case studies and testimonials promote trust.

B2B 203

B2B Case Study Ideal Customer Profile Study 203

Sales and Marketing Management

DECEMBER 26, 2018

In my work with sales executives from corporations large and small, I repeatedly see that team rewards are easily overlooked in favor of individual incentives. And while individual incentives are critical to the success of any sales organization, most companies are not fully invested in supporting the team environment.

Incentives 191

Incentives Incentive Google Account 191

Sales and Marketing Management

JANUARY 23, 2019

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.

Incentives 159

Incentives Incentive Travel Nonprofit 159

SBI Growth

OCTOBER 5, 2012

This post is for Small Company CSOs and VPs of Sales. Despite this luxury, the small company sales compensation plan is usually left on the backburner. To drive the right behavior and hit your targets, your sales compensation must evolve at the same pace as your company. Are you clinging to a legacy Sales Compensation model?

Compensation 257

Compensation Company Hiring Salary 257

Hubspot Sales

MAY 18, 2018

Sales Goals. Monthly sales goals. A Harvard University study found setting specific goals increases motivation beyond simply telling yourself, “ I’ll just do my best. ”. The study ultimately reported students who stuck to a goal-oriented plan performed 30% better than those who didn’t. How to Set Sales Goals.

Sales Goal 145

Sales Goal Incentives Incentive Quota 145

Sales and Marketing Management

FEBRUARY 3, 2020

Although company websites, content and sales presentations are highly used assets when evaluating an organization and its products, a Harvard Business Review study determined that customer references are an influential decision support tool too. However, things can get complicated when these two groups have conflicting viewpoints.

Ideal Customer Profile 248

Ideal Customer Profile Customer Policies Promotion 248

The Spiff Blog

NOVEMBER 17, 2023

As an incentive compensation manager, you hold a critical role that keeps your organization running. In this day and age, no one doubts the importance of sales compensation when it comes to driving growth for a business. What does an incentive compensation manager do? The same goes for your relationships with sales leadership.

Incentives 81

Incentives Incentive Compensation Commission 81

Zoominfo

MAY 13, 2018

It’s common knowledge that working in sales is hard. Yet—what most people don’t understand is the extent to which sales pressure can negatively impact an organization. In today’s post we explain the effects of sales pressure and provide ways to mitigate this stress productively. ” ( source ). ” ( source ).

Hiring 258

Hiring Sales Qualified Lead Lead Rank Lead Scoring 258

Hubspot Sales

NOVEMBER 10, 2020

Studies have shown that happy, motivated people work harder, stay in their jobs longer, and make their companies more successful. In your sales organization, this starts with your sales environment. A sales environment is a vague, intangible concept. You want your sales team to feel encouraged, driven, and supported.

B2C 136

B2C Incentives Incentive How To 136

Sales and Marketing Management

JUNE 28, 2017

Author: Galina Sheveleva The ‘ABC: Always be Closing’ mantra has been drilled into the minds of sales teams. However, a lot has changed in the business world since 1992, and a different kind of sales strategy has emerged – one that can help you close more deals AND benefit your organization as a whole: ABC.Always Be Collaborating.

Hiring 180

Hiring Incentives Incentive Compensation 180