3 mistakes to avoid in your sales incentive program

13
Australia | Canada | China | India | Latin America | United Kingdom | United States limiting Is your incentive program structure your sales growth ?

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BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

Often the tools and tactics

we think help sales, really end up falling flat.

BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

If sales incentive programs are taking up more of your time

and money, while producing fewer results –

+

BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

If sales incentive programs are taking up more of your time

and money, while producing fewer results –

it might be a good time to examine your

design approach.

BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

“We pay our salespeople

to hit their goals.”

BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

Fewer than 50% of sales reps actually hit their numbers. If you only offer awards to those who hit their quota, you’re missing out on a real opportunity to increase sales.

Create award goals that are appropriate

for individuals’ run rates.

“We have an 80/20 rule

in our sales force.”

BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

Many assume that 80% of sales come from

the top 20% of the sales channel.

However, most have never actually measured it.

A major sales lift can be generated across your entire sales force if the opportunity is there from the start of the

incentive program.

BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

“We keep our short-term

incentive growth goals the same

for all reps.”

BIWORLDWIDE.com | Australia | Canada | China | India | Latin America | United Kingdom | United States

The “one size DOESN’T fit all” approach makes the most sense in programs created to to increase results.

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