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When it comes to activity based rewards, your reps would definitely love to unwind after pushing hard to hit their quotas. The best thing about this strategy is that it has both intrinsic and extrinsic qualities. Extrinsically, employees work towards an arbitrary quota set with the promise of a reward.
People are motivated in one of three ways: Intrinsically. Extrinsically. 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. Altruistically.
The ones she does read need to be instantly applicable to closing more deals or getting closer to quota or she’s not interested. Performance oriented people are motivated by extrinsic drivers. Their motivation is intrinsic, in which solving the problem, improving their skills and accelerating learning is the reward.
If you expect them to stay late at the end of the quarter to catch up on quotas, you’d better stay with them. They’ll be intrinsically motivated to meet your expectations. Extrinsic Motivation. A quota is a good place to start, but you can do better. Rewards should accelerate, not plateau, after quotas.
And most of us could list the benefits of working with a good sales leader — like the fact that their average annual quota attainment sits around 105% or that by offering dynamic training, they can boost their reps’ win rates by 28%. Set inspirational SMART goals and spark intrinsic motivation in their sales reps to achieve those goals.
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