Question & Answer: Fair Pay Plan Is my compensation plan fair?

Question & Answer: Fair Pay Plan Is my compensation plan fair?

I sell advertising for a local newspaper. In our pay plan, we compete with our revenue numbers from the previous year, and approximately 6% is added to the previous year’s revenue number.  That becomes your goal for that particular month.  We get a salary plus...
Sales Q&A – My Customer Uses Multiple Vendors

Sales Q&A – My Customer Uses Multiple Vendors

What do we do when a customer wants to spread the business between multiple vendors, even though I know we can provide better service?          If you are looking for a short, easy solution, there isn’t any. The solution to this, like so many sales problems, is a...
8 Steps to Prioritize Customers and Prospects

8 Steps to Prioritize Customers and Prospects

One area of business that is important to manage is prioritizing customers and prospects.  Fortunately, it’s also the area of a sales job that will make the biggest impact on sales performance. From my personal experience as a salesperson for 30+ years, plus my...
Building Your Business With The 5% Principle

Building Your Business With The 5% Principle

In the 1990’s I came across a book titled, “Everything I Needed to Know About Success I found in the Bible,” by Richard Gaylord Briley. In it, the author put forward an observation that was, at the time, radical for me.  It’s called the “Five Percent Principle.’ We...
Measuring Sales Potential in Accounts

Measuring Sales Potential in Accounts

Effective salespeople and sales organizations understand the value of collecting good information about their prospects and customers.  Good information leads to good decisions. Measuring sales potential in each account is something the most effective salesperson will...