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How much are your salespeople really worth?
Written by: Trent LeyshanArticle Overview: Commission only salespeople can be effective - however one of the major problems with a comm-only sales strategy is that salespeople in these roles, more often than not, become all about 'the sell' for obvious reasons: no sale -no pay -no eat!
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Free Download - Find fear before it finds you By Trent Leyshan |
How much are your salespeople really worth?
Commission only salespeople can be effective - however one of the major problems with a comm-only sales strategy is that salespeople in these roles, more often than not, become all about 'the sell' for obvious reasons: no sale -no pay -no eat!
Traditionally, comm-only sales-models promote a 'hunter' as opposed to 'gatherer' mentality, with many salespeople willinglyspearing anything that moves in order to get paid, irrespective of the value being created for the customer, and oftentimes at the detriment of any genuine long term relationship.
A gun salesperson can take up to six months to get into the sales groove in a new organisation. I have seen a number of exceptional salespeople take even longer, but once a tipping-point in confidence is reached they then take-off exponentially.
A comm-only salesperson is not likely to be given the opportunity to accumulate a large amount of time to build confidence due to commercial pressures, nor are they likely to be able to personally survive financially during this time to reach such a point in their skill development.
This all makes creating a comm-only sales-model trickly to get right, not to say impossible. It can be done, but if you want great salespeople they generally value their skills and time, and won't go anywhere near comm-only based on principle.
I have found over the years, having hired and trained countless great salespeople, across industries, that a combination of a reasonable base salary (to keep their cash flow moving) and a generous commission and bonus structure that promotes the development of customer relationships over time - to be the most effective sales strategy
Article Tags: amount of time, anything that moves, base salary, bonus structure, cash flow, commercial pressures, customer relationships, detriment, effective sales, generous commission, groove, long term relationship, mentality, sales model, sales strategy, salespeople, salesperson, six months, skill development, tipping point
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About the Author: Trent Leyshan RSS for Trent's articles - Visit Trent's website Trent Leyshan is founder, CEO of BOOM! A leading international sales training company that specialises in the development of inspirational sales cultures, leaders and salespeople. Early in his career Trent was head tradeshow spruiker and sales manager for Australia's most flamboyant TV salesman, Big Kev. He has since driven two of his own companies from lounge room operations into market leaders. And led sales teams in leading new media and advertising agencies. Trent is a sought after expert and facilitator on sales performance and strategy. He is the Author of sales book, The Naked Salesman: How to walk the talk and sell your way to success! BOOM! develops sales training strategies and delivers inspiring learning experiences for some of the world's most successful and demanding sales driven organisations. Empowering them with modern skills and tools to effectively engage with customers and build stronger and more valuable relationships.
Click here to visit Trent's website When does no mean no EMPATHY SELLING Making emotive connections Addicted to leads Whats under your salesbonnet Part 3 |
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