Finally, a good sales performance management system includes incentives and rewards; those include commission / bonuses, financial incentives as well as recognition programs. Many companies fail to recognize the power of non-cash incentives when it comes to motivating their sales team. Sales people come to work just like everybody else, for both financial wages as well as psychic wages. It’s important to recognize the non-cash component when it comes to recognition. It’s easy to recognize the efforts of your sales team through contests, awards, atta-boy’s, regular hi-fives with people who’ve just closed deals, recognition in front of company meetings, all of those things can add a powerful component of recognition and incentives to your overall incentive program. So, if your company is interested in accelerating its sales and taking its sales team’s performance to the next level, consider building a formalized sales performance management system that includes all of the elements that I’ve just mentioned about.
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