EducationTips

My sales team is on an incentivized pay system. Should I offer the same commission rate for every type of product?

If there is a significant difference in the profitability of your core bread-and-butter offerings and that of smaller markets like promotional products, be certain not to pay the same commission rate on sales of both. Have one commission rate for high-profit goods and another for lower ones.

However, it is important to impress upon your sales team the reasons you are offering those lower-profit goods – one of them being to improve the sales revenue stream for your business. Failing to do so may result in a lack of motivation to push those items.

-Vince DiCecco, Your Personal Business Trainer

vince dicecco

Vince DiCecco

Your Personal Business Trainer

Vince is a dynamic seminar speaker and author with a unique perspective on business development and management subjects, primarily in the decorated- and promotional-apparel industries. With 20+ years of experience in sales, marketing and training, he is an independent consultant to businesses looking to profit and sharpen their competitive edge.

View all articles by Vince DiCecco   Visit Website

Related Articles

Back to top button