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How to Create a Powerful New Kind of Sales Incentive Plan

How to Create a Powerful New Kind of Sales Incentive Plan

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Page 1: How to Create a Powerful New Kind of Sales Incentive Plan

How to Create a Powerful New Kind

of Sales Incentive Plan

Page 2: How to Create a Powerful New Kind of Sales Incentive Plan

Three-Part Series on CompFundamentals and PlanningPlan MechanicsBuilding Your Own Plan

Page 3: How to Create a Powerful New Kind of Sales Incentive Plan

Five Principles of a Good Planpay for persuasionprotect the best repsprevent runaway earningsoperate within budgetprovide performance insurance

Page 4: How to Create a Powerful New Kind of Sales Incentive Plan

Timelinedesign plantestdocumentlaunchpay calculation

Page 5: How to Create a Powerful New Kind of Sales Incentive Plan

Customer Segmentation

Page 6: How to Create a Powerful New Kind of Sales Incentive Plan

Whale Curve

Page 7: How to Create a Powerful New Kind of Sales Incentive Plan

The Sales Comp P&LMost Common+ Revenue- Cost of Goods= Gross Profit- Commissions- Expenses= Profit (hopefully)

The QPM Way+ Revenue- Cost of Goods= Gross Profit- Expenses= NBC (Net Before

Comp)- Commissions= Profit

Page 8: How to Create a Powerful New Kind of Sales Incentive Plan

Plan rewards unprofitable

sales

GP Commission Plan

Page 9: How to Create a Powerful New Kind of Sales Incentive Plan

NBC Commission Plan

Page 10: How to Create a Powerful New Kind of Sales Incentive Plan

next time…

Plan Mechanics