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commission Tagged Articles



Salespeople: What Works - Commission or Retainer
One of our coaching clients asked for some thoughts on structuring rewards for their sales people, and the following notes arose from our thinking on the subject. On reflection, even though it's just an outline, I thought it may be relevant to some of you, so here you go:

NY Times Article Hits Then Misses the Mark on Sales
A New York Times article on compensating your sales force which gets part of the formula right, but neglects the fact that the most important aspect to consider when putting together a compensation package is who you are compensating!

When it Comes to Compensation Sales is NOT like Baseball
So, the Red Sox have made some big moves in the past week, culminating with the monster signing of Carl Crawford for $142 million. The comparison between baseball and sales is the basis of my Baseline Selling method, but when it comes to compensation the two honestly don't have a lot of common ground.

Sales motivation and Compensation Planning
Performance based compensation works very well as a means of motivating sales people. Sales people who are paid commission, tend to be guided by their compensation plan. Read this before you redesign your sales compensation plan.
What did you learn from the last sale you lost?
Your ability to be professional and appreciative in listening to what the customer shares with you will help ensure you have a good relationship going forward with that person.

Go Ahead and Fire Your Customer
We wind up with unprofitable customers not because of the price we're charging them, but because of the intensity of their demands and requests. To be able to determine which customers need to be "fired," you must become more discerning of customers who place too many demands on you and/or other people in your company.

2.6 References: Economic Report on Africa 2007
References
Why You Should Promote Residual Affiliate Programs
Affiliate Marketing is a wildly popular way to make a home based business income. But do you know how affiliate marketing really works and the different ways merchants pay your commission? In affiliate marketing, a merchant can offer a one-time payment program or a residual (recurring income) program to its affiliates. At first glance, you may think the one-time payment program is what you should promote all the time, but, after reading this article you may think otherwise.
Where to draw the line in selling
Do you want a quick sale or to build long term relationships with profitable customers? The choice is yours.
It’s all about William
Have you ever wondered why some sales people sell well and others don't? This article may give you a clue.
It’s all about William
Have you ever wondered why some sales people sell well and others don't? This article may give you a clue.

Other commission Related Articles

Briefing: Investing in People
Mamphela Ramphele, Co Chair, Global Commission on International Migration (GCIM), Geneva, introduced the session by asking the Commission for Africa to outline its central message regarding investment in Africa s human resources, and what recommendations it has made to promote such investmen
Revealed: Secrets That Most Advertising Agencies And Sale Reps Hope You Never Discover
Most businesses choose advertising venues recommended by their advertising agency, or base their decision on which media representative shows up on that day. They are often sold the worst kind of advertising because it matters more to the agency how much the seller will get in commission, not how effective the ad is for the buyer. If you are looking for fast food readily available over the counter, there is always a McDonalds or KFC just around the corner. Like the truly great restaurants, you will need some skills and guidance to find the most effective and affordable advertising venues. These venues aren’t openly promoted, no commission is paid out, and there are no sale representatives.

The "100% Commissions Motivate" Myth
There's a good reason why over 97 percent of progressive companies and service industry firms that I've consulted, use a form of a "hungry base plus commission" compensation plan for their sales professionals, rather than employing a straight commission pay structure. The reason is simple, straight commission pay plans demotivate many more sales professionals than they motivate. Straight commissions reward a specific type of sales professional--the top three to five percent of the sales professionals in the top 20 percent bracket.

Recession Proof Your Interior Design or Decorating Business
Maybe you’re one of the many trained interior decorators who have ended up working in retail for a 100% commission. If the economy gets worse and you’re working purely on commission, where does that leave you? Even in good times, if you work for 100% commission you might as well be your own boss and have the freedom to market yourself to new clients rather than being tied to any one store.
High Commissions for Affiliates-Good Marketing or Poor
Why is it that some affiliate programs offer you 50% commission or greater to promote their products or services and others give you a meager 5% affiliate commission? As an affiliate marketer you're always on the hunt for the best products with high commissions for affiliates. But can you guarantee the product is high quality just because the commission is great?

Affiliate Marketing Online: A Starting Point
Aspiring entrepreneurs know the sales and income potential of the Internet. The challenge for many is getting started and learning web biz marketing basics. For newcomers, Affiliate Marketing online is the perfect platform for gaining the knowledge and experience necessary to build a successful Internet business. With Affiliate Marketing, companies or individuals with proprietary products or services make these marketable items available to online marketers, known as affiliates, to promote and sell on their behalf. In exchange, the marketers receive a specified affiliate commission. The marketing process and commission structure may vary from company to company.

Brokers, Dealers, Private Lenders, and Venture Capital
A broker is defined as anyone who makes securities transactions for others. (The exception to this is a bank.) A dealer is defined as someone who buys and sells securities for their own account, through a broker or otherwise. Most entrepreneurs are looking for start-up capital and for someone else to raise capital for them on a straight commission, with no up-front fees. Only registered broker dealers, and Bona Fide employees, can legally solicit/sell securities for a company on straight commission, with no up-front fees. They always charge an up-front retainer, sometimes called due-diligence fees, before commencing. This fluctuates depending on the complexity of the transactions. Most brokers/dealers avoid startup and early stage companies. A Bona Fide employee cannot be paid commission from the sale of securities.
Sustainable Business Development - Benefiting your Community
Sustainable Business Development was popularized just over 22 years ago by a report put out by the Brundtland Commission. The world economy was growing and throughout the late 60’s and into the 80’s world development advanced rapidly with little regard to the environment and the Brundtland Commission, which came out of the United Nations World Commission on Environment and Development, characterized ‘sustainable development’ as: “Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” As a business leader and entrepreneur, we can benefit from the agenda established as a result of these United Nation Conferences in order to combat Poverty, Change Unsustainable Patterns of Consumption and Protect Bio-Diversity and Natural Resources.
Best Way To Make Money Using Two Tier Affiliate Programs to Your Advantage
For those who are not familiar with affiliate marketing, two-tier could be a new term to you but to those who are involved in this kind of money-making experience; it could mean a stream of income. Two-tier is an enticing feature of a particular affiliate program wherein, affiliates are allowed to sign-up additional affiliates below them. So that when the sub-affiliates otherwise known as second tier affiliates, earns a commission, the affiliate above receives a commission too.

Hey New Guy Overachieving Your Way to Super Affiliate Stardom
In this type of online business, you don't have to take any risk because you only have to pay the affiliate once the result is achieved. Once a customer is gained, a portion of the profit from that customer will be given to the affiliate as commission. Usually, an affiliate gets a commission for referring clicks, leads or sales to the merchant's website. The said affiliate income can be a fixed dollar amount or a fixed percentage.
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