Sales force compensation takes up the
single biggest portion of marketing spend for most B2B companies, according
to the HBR.
Together, US corporates spend more than $800 billion on
motivating their sales teams each year – that’s three times their advertising
spend. Contests buck that trend by offering tangible, meaningful rewards that
may, in some cases, beat cold hard cash.
Whether it’s simply to drive revenue
growth, encouraging new software adoption, or getting buy-in on changing
processes, competition always breeds results. But the world of sales is
changing. Now, managers need to look beyond motivating the individual, and
devise contests that boost problem-solving and collaboration: the hallmarks of
modern sales representatives.
Keeping sales teams inspired, not just informed
Where do you rank motivation in your list
of factors that impact sales? Are raw sales skills more important?
The truth is, motivation is the driving
force behind all of your team’s wider skills. Core sales techniques – whatever
an individual’s processes, approaches and selling styles – remain the same.
Keeping them inspired, engaged and uplifted takes far more effort than teaching
them about product developments, or coaching their communications with
customers. That’s what makes sales contests so powerful.
How they work
There are plenty of examples of this in
action. Global consultancy PwC ran a ‘fantasy football’-style contest among
their North American sales staff, dubbed the ‘Culture of Hustle’. By combining
some of the traditional elements of game-playing (such as point-scoring,
levels, intermediate rewards and leaderboards), they were able to incorporate
wider elements, including urgency, a sense of autonomy and the element of
surprise. The result: a highly psychologically and physically rewarding,
engaging contest that drove sales and changed behavior.
Doing them well
A well-run, immersive contest can make all
the difference.
Aimed at IT providers, sales professionals
and their customers, Simulcation Datacenter provides a way to experience
leading architecture, software and services in action – all in a highly
engaging, competitive, fun environment. We’re also running sales contests to
encourage users to start and continue their journey, through ten weeks of
exciting prizes centered around a ‘mission’ – where users compete to achieve a
specific goal.
We’ve been running contests as part of IBM
TSS Champion education to great success with Business Partners, where they
empowered collaboration and increased engagement.
Grow
your sales through Simulcation Datacenter – contact us to find out more
about our contests.
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