The right sales incentive scheme is a must for any business that relies on sales people. Finding the right scheme means rewarding employees in ways that encourage them to achieve more and sell more. You might opt for a commission based scheme, or reward yearly bonus pay based on performance, for example. For some businesses, … Read more Do Team Commissions Work?
The vast majority of organizations dedicated to sell either products or services through their sales-force employ a sales compensation scheme in order to stimulate salespeople and keep them motivated to perform at their highest levels. Financial means are required as these compensation schemes consist mostly of a monetary reward for successful actions such as closing … Read more The importance of stress testing the commission system
Introduction When is a sale deemed to be finalised, and at what stage of completion of the sale does the sales agent get paid their commission? Not every sales transaction is a simple process of handing over money in exchange for the supply of goods or services such as would be found at a car … Read more Sales Credit Timing – When Do You Pay Your Sales People?