article thumbnail

Sales spiff – an easy guide to motivating your teams with examples & ideas

PandaDoc

Launching a new product can necessitate an overnight shift in objectives and strategy, which often damages morale and causes high staff turnover. Key takeaways: Spiffs are a great way to reward staff for their hard work. What is a spiff in sales A spiff in sales means a strategy for motivating teams. So, let’s break it down.

article thumbnail

What Are Sales Objectives? Everything You Need to Know

Gong.io

It’s not hard to set sales objectives. A great sales objective doesn’t just give your team direction or motivate them to sell more — it also improves a portion of your sales funnel and keeps the company moving forward. . Setting these kinds of sales objectives can be hard, especially when you do it for the first time.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Sales Targets – Driving Business Success

The 5% Institute

Sales targets serve as the guiding light for sales teams, motivating them to perform at their best and contribute to the company’s overall objectives. Understanding Sales Targets Setting sales targets involves a comprehensive understanding of the organization’s sales goals and objectives.

article thumbnail

How to Compensate Structure Real Estate Teams Effectively

Lead Fuze

A successful real estate agency requires a well-conceived compensation structure to attract the top talent and motivate them to do their best, resulting in increased profitability. Gotta keep those agents motivated and the profit margins protected. Transparency is key here. Sharing is caring, right?

article thumbnail

How Consumer Spending Trends Impact Your Recession Sales Strategy [Data + Insights]

Hubspot

Here, we cover the top consumer spending trends in 2023, along with five key strategies for selling during an economic downturn. As a result, sales cycles tend to get longer. It's also common for consumers to have less confidence in their decisions, so expect to face more objections in the process. Let's dive in.

article thumbnail

What Is Sales Commission? Formulas, Examples, and Best Practices

Salesforce

To keep your sales team motivated when things are tough, you need to reward them for their victories. Top salespeople can earn high commissions, and this high-earning potential is often a huge motivator for many sales professionals. Reward performance: Commissions are directly tied to sales results, so they reward high performers.

article thumbnail

What Is Value Through Purpose? Defining Business Impact

Lead Fuze

The Essence of Value Through Purpose A company thrives when its heartbeat is synced with a purpose that goes beyond profit margins. Embedding purpose in day-to-day operations isn’t about plastering motivational quotes on walls; it involves weaving your organization’s reason for being into everything you do.