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It’s not very often when an article gets me so agitated that I feel that I have to respond but, this one did … No Commissions, No Quota: the Future Model for Sales? My impression is that he has chosen to paint all commissioned reps with a broad, not so complimentary, brush. I hope that I have misinterpreted his intentions!
As a commission-only independent contractor, I was starting from scratch (no accounts or even leads), I needed to formulate a plan. Folks had always been happy to refer me to potential clients and I was most appreciative of those referrals! Becoming referral worthy. You keep the referrer informed of your progress.
ReferralCommission Offer! I always love and appreciate your referrals! If you refer me, and these folks contract for my services , I will pay you a 20% commission on that full contract value. This commission applies to the original training contract only. Now I’m going to PAY you for them! Cold hard cash.
Additionally, I wanted to work on a commission only program. They are in the unique position to introduce you to others who might need your services. These are at the very least warm calls and are more likely referrals. More importantly, they had no fear that this referral would come back to bite them in the butt.
Set aside time each day to prospect – Not doing so is the most common reason behind the commission roller coaster. I prefer warm calls (having names, a feeling for them and their company, or a known need) and referrals and we will talk much more about this topic! Squandered opportunity. How about your website? Create the deals!
Particularly with commission salespeople, their paychecks look like a rollercoaster ride. A good salesperson not only needs to build new relationships, they need to maintain and strengthen relationships with existing clients who are their best sources for repeat business and referrals. Build relationships. Reminders and tasks.
Networking groups have fed me consistently throughout the years and they have yielded several million dollars in sales as a direct result of referrals and that is the magic word. Would you rather make cold calls or follow-up on a referral? I wanted to sell and I wanted to do so as an independent contractor on a commission only basis.
Other businesses, such as those that provide business-to-businessservices, may schedule a meeting with clients in order to make a formal presentation. 20 Don’t overlook referrals . Typically, the salesman earns a higher commission and the firm has the opportunity to enhance earnings. Setting Qualification.
This meant straight commission without any sort of a base, draw, reimbursements, leads, or benefits. I quickly decided that power partners, those who would be in the best position to refer me to those who needed my services, would be my meal tickets. Today we call these folks influencers and I was very good at earning their referrals.
Despite my concerns, I made the decision that I only wanted to work on straight commission and without even a draw. While some might view straight commission as being too much pressure, to me it was pure freedom. I was a great networker who earned a lot of excellent referrals. Exceeding expectations consistently was the key.
I ran their web businessservice unit which hit $180 million in ARR last quarter. That’s great, we get the brand and we get second order revenue and referrals, we should do that. They say — I’ll help you close some customers, I’ll do it 100 percent on commission. That’s my background.
While I spent the majority of my career in B2B management positions, I spent my later years in commission sales, by choice. I networked extensively and worked strictly on referrals. In General … Follow all of these rules for both traditional and social networking … Provide introductions and referrals to others you trust.
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