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Sales Force How Much Should I Pay? odeela.com

How Much Should I Pay My Sales Force? | Odeela

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Page 1: How Much Should I Pay My Sales Force? | Odeela

Sales ForceHow Much Should I Pay?

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Page 2: How Much Should I Pay My Sales Force? | Odeela

Agenda

● Salespeople Income Median● Competitive Market● Hunter Mode● Large Sales Territory● Need Of Knowledge And Skills● Lack Of Franchise Benefit● Difficulty Of The Selling Process

Powerful Business Management Software Made Simple | odeela.com

Page 3: How Much Should I Pay My Sales Force? | Odeela

Agenda

● Salespeople Income Median● Competitive Market● Hunter Mode● Large Sales Territory● Need Of Knowledge And Skills● Lack Of Franchise Benefit● Difficulty Of The Selling Process

Powerful Business Management Software Made Simple | odeela.com

Page 4: How Much Should I Pay My Sales Force? | Odeela

You should not fully rely on the statistics while estimating your sales team's future salary.

Salespeople Income Median

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Powerful Business Management Software Made Simple | odeela.com

Page 5: How Much Should I Pay My Sales Force? | Odeela

While knowing the average range of income, aim for its higher end.

Salespeople Income Median

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Powerful Business Management Software Made Simple | odeela.com

Page 6: How Much Should I Pay My Sales Force? | Odeela

With that in mind, analyse the rest of six crucial factors.

Salespeople Income Median

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Powerful Business Management Software Made Simple | odeela.com

Page 7: How Much Should I Pay My Sales Force? | Odeela

Agenda

● Salespeople Income Median● Competitive Market● Hunter Mode● Large Sales Territory● Need Of Knowledge And Skills● Lack Of Franchise Benefit● Difficulty Of The Selling Process

Powerful Business Management Software Made Simple | odeela.com

Page 8: How Much Should I Pay My Sales Force? | Odeela

Likely, you tell no difference between printer paper brands.

Competitive Market

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Powerful Business Management Software Made Simple | odeela.com

Page 9: How Much Should I Pay My Sales Force? | Odeela

It’s an example of a limited market where beating the competitors is a real challenge.

Competitive Market

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Powerful Business Management Software Made Simple | odeela.com

Page 10: How Much Should I Pay My Sales Force? | Odeela

If your market is small or very competitive, your sales team deserves higher salaries.

Competitive Market

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Powerful Business Management Software Made Simple | odeela.com

Page 11: How Much Should I Pay My Sales Force? | Odeela

Agenda

● Salespeople Income Median● Competitive Market● Hunter Mode● Large Sales Territory● Need Of Knowledge And Skills● Lack Of Franchise Benefit● Difficulty Of The Selling Process

Powerful Business Management Software Made Simple | odeela.com

Page 12: How Much Should I Pay My Sales Force? | Odeela

Your sales force deserve more if they’re job is based on regular, “farming” activities.

Hunter Mode

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Powerful Business Management Software Made Simple | odeela.com

Page 13: How Much Should I Pay My Sales Force? | Odeela

Do they spend most of their time on supporting your customer, stocking and servicing?

Hunter Mode

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Powerful Business Management Software Made Simple | odeela.com

Page 14: How Much Should I Pay My Sales Force? | Odeela

Raise their salaries.

Hunter Mode

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Powerful Business Management Software Made Simple | odeela.com

Page 15: How Much Should I Pay My Sales Force? | Odeela

Agenda

● Salespeople Income Median● Competitive Market● Hunter Mode● Large Sales Territory● Need Of Knowledge And Skills● Lack Of Franchise Benefit● Difficulty Of The Selling Process

Powerful Business Management Software Made Simple | odeela.com

Page 16: How Much Should I Pay My Sales Force? | Odeela

Do your salespeople work with customers from different time zones?

Large Sales Territory

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Powerful Business Management Software Made Simple | odeela.com

Page 17: How Much Should I Pay My Sales Force? | Odeela

Are they responsible for large accounts?

Large Sales Territory

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Powerful Business Management Software Made Simple | odeela.com

Page 18: How Much Should I Pay My Sales Force? | Odeela

Pay them more.

You reward their stressful responsibilities.

Large Sales Territory

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Powerful Business Management Software Made Simple | odeela.com

Page 19: How Much Should I Pay My Sales Force? | Odeela

Agenda

● Salespeople Income Median● Competitive Market● Hunter Mode● Large Sales Territory● Need Of Knowledge And Skills● Lack Of Franchise Benefit● Difficulty Of The Selling Process

Powerful Business Management Software Made Simple | odeela.com

Page 20: How Much Should I Pay My Sales Force? | Odeela

Does selling your product require a lot of technical knowledge about it?

Need Of Knowledge And Skills

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Powerful Business Management Software Made Simple | odeela.com

Page 21: How Much Should I Pay My Sales Force? | Odeela

Increase their earnings.

Need Of Knowledge And Skills

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Powerful Business Management Software Made Simple | odeela.com

Page 22: How Much Should I Pay My Sales Force? | Odeela

You don’t pay them for selling only.

They’re the technicians and advisors, too.

Need Of Knowledge And Skills

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Powerful Business Management Software Made Simple | odeela.com

Page 23: How Much Should I Pay My Sales Force? | Odeela

Agenda

● Salespeople Income Median● Competitive Market● Hunter Mode● Large Sales Territory● Need Of Knowledge And Skills● Lack Of Franchise Benefit● Difficulty Of The Selling Process

Powerful Business Management Software Made Simple | odeela.com

Page 24: How Much Should I Pay My Sales Force? | Odeela

If you are new to the local market, your salespeople have it harder to sell your product.

Lack Of Franchise Benefit

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Page 25: How Much Should I Pay My Sales Force? | Odeela

They must make your presence and educate the customers about why they should choose you.

Lack Of Franchise Benefit

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Powerful Business Management Software Made Simple | odeela.com

Page 26: How Much Should I Pay My Sales Force? | Odeela

It’s hard and it deserves a higher salary.

Lack Of Franchise Benefit

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Powerful Business Management Software Made Simple | odeela.com

Page 27: How Much Should I Pay My Sales Force? | Odeela

Agenda

● Salespeople Income Median● Competitive Market● Hunter Mode● Large Sales Territory● Need Of Knowledge And Skills● Lack Of Franchise Benefit● Difficulty Of The Selling Process

Powerful Business Management Software Made Simple | odeela.com

Page 28: How Much Should I Pay My Sales Force? | Odeela

Are your sales operating within a restricted legal regulations?

Difficulty Of The Selling Process

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Powerful Business Management Software Made Simple | odeela.com

Page 29: How Much Should I Pay My Sales Force? | Odeela

Do they demand a lot of technical or industry specific knowledge?

Difficulty Of The Selling Process

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Powerful Business Management Software Made Simple | odeela.com

Page 30: How Much Should I Pay My Sales Force? | Odeela

Consider if making sales in your industry is complex and time taking.

Difficulty Of The Selling Process

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Powerful Business Management Software Made Simple | odeela.com

Page 31: How Much Should I Pay My Sales Force? | Odeela

If so, you better appreciate your current team’s effort and pay them more.

Difficulty Of The Selling Process

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Powerful Business Management Software Made Simple | odeela.com

Page 32: How Much Should I Pay My Sales Force? | Odeela

Value your salespeople.

Use our tips to pay them as you should!

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Powerful Business Management Software Made Simple | odeela.com

Page 33: How Much Should I Pay My Sales Force? | Odeela

Want to know more?

Sales force incentives: do you do it for the Team?

Hiring the Right, Firing the Wrong: How to Fire an Employee

Sales Force: How Much Should I Pay?

Select the article you want to read in full!

Salary vs. Incentives: How to create the right mix

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