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People are motivated in one of three ways: Intrinsically. Intrinsically Motivated Salespeople. Intrinsic motivation stems from feeling accomplished through personal reward rather than rewarded through external means, like money. How to Recognize Intrinsically Motivated Sales Reps. What Are Motivational Styles?
They’ll be intrinsically motivated to meet your expectations. Especially in today’s rapidly changing technological landscape, it’s important to keep learning in order to keep your edge. Commissions are a classic and effective part of sales compensation, but they leave a lot of room for flexibility. Extrinsic Motivation.
It’s more thrilling to come up with conspiracy theories for why cryptids exist than to admit that even with all our digital cameras and technologies, we still don’t have a Bigfoot selfie. In sellers’ minds, busy work can satisfy an intrinsic bias toward making life a little more chaotic. Sure, we have spotty footage. That’s scant.
Salespeople typically receive a commission, but that alone may not keep them energized or happy with their job. Still others may be more intrinsically motivated, where helping customers and making an impact is enough of a reward. Instead, focus on implementing a sales technology platform that centralizes everything in one place.
Does Bridget believe that you should pay sales rep commissions on services revenue? Should one pay the same or lower commissions on renewals? How does one structure commissions for the sales team with that in mind? Or if you need someone who’s intrinsically motivated. Should multi-year deals be paid upfront?
I’ve found that many people who are drawn to sales are intrinsically motivated to hit high sales numbers because they’re competitive and like to win. Write out your commission plan on paper. A good rule of thumb is to consider whether someone could work out their commission rate with just a calculator.
And in this scenario, do you, do you cap their commission? Like, the more that they do that, clearly, they’re intrinsically motivated to do it to some degree, right? Um, and now we have, you know, technology that can, can help us, um, do that. Scott Barker: Yeah. Joe DiMento: think not necessarily.
Commissions, bonuses, other incentives. The most recent sociological research suggests that the real key to producing better work is to find intrinsic motivation inside of yourself. . I don’t believe we have a professional self from Mondays through Fridays and a real self for the rest of the time.
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