Gong.io

FEBRUARY 1, 2019

Pretend you’re a sales rep pitching a politician on building a new city on top of an empty plot of land in South Dakota. It looked like this: Mr. Politician, we can build a new city in South Dakota. People are more motivated to NOT lose $25,000 they already have than they are motivated to earn an extra $25,000.

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Gong.io

NOVEMBER 1, 2021

Example #2: People are more motivated to NOT lose $25,000 (loss aversion) than they are to earn $25,000. In this blog post , we share an example of a sales rep pitching a politician on building a new city on top of an empty plot of land in South Dakota. We will undergo 2x more effort to avoid a loss than to incur a gain. .

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Salesforce

MARCH 1, 2024

Your reps just need a push to stay motivated. SPIFFs, or S ales P erformance I ncentive F unds, are short-term sales incentives used to motivate salespeople to achieve goals or sales targets within a set timeframe. If you’re looking for long-term, structured motivation, focus on commissions.

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Salesforce

MARCH 8, 2024

A well-designed sales compensation plan — with OTE as an earnings guide — can keep your team excited and motivated. Set commissions: The reason for including commissions in the OTE is to increase the potential earnings, motivating reps to achieve their sales goals. Back to top ) How does OTE work?

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Salesforce

MARCH 7, 2024

Offer a money-back guarantee or a risk-free trial period: This can help provide a safety net for the deal that can ease customers’ minds and motivate them to make a purchase. This way, no one feels slighted or out of the loop when it’s time to draft contracts.

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Salesforce

MARCH 7, 2024

3 types of clawback clauses #h-3-types-of-clawback-clauses 5 best practices for navigating clawback clauses Motivate sellers with impactful commissions Use a single platform to give sellers access to commission statements and track progress against goals and potential earnings, all while aligning organizational priorities to seller motivations.

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