What Is The Role Of Sales Commissions In Your Company?
If I Were a Customer and You Were My Sales Rep ...
... Here's How I'd Like You to be Paid
How
do you feel when your sales rep earns a commission or wins a trip when you
buy from them?
How does the customer win?
- Does the sales rep understand your needs and interests?
- Will they navigate your buying cycle so that you can do things at your pace?
- Are they concerned about your entire experience before, during and after the sale?
- How do you know what's behind their recommendation? Is it truly your best interests, or an internal SPIF, or selling what's in stock, or inventory liquidation, etc.? Do they need this sale in order to make quota?
I'd
prefer to know that the sales rep is being compensated based [to a large
degree] on my level of satisfaction. If the entire team that is involved
in designing and delivering my solution also shares in the rewards and
recognition, then, I'll know they have a vested interest in my satisfaction and
I'm not doing all the work.
Does anyone other than the sales rep win?
- How does the account team or project team win?
- Does their company win?
Companies
can differentiate themselves by taking a fresh look at their compensation
programs. They need to be designed so that the degree of customer
satisfaction and the degree to which their company wins determines the degree
to which sales team members become eligible to win. Earned deal or project
compensation can be shared among team members depending on individual roles and
contribution.
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