Effortlessly manage DSA sales commissions in NBFCs with automation. Simplify unique plans, ensure GST compliance, automate invoices, and integrate systems for accurate, transparent, and efficient financial processes.
Delayed or miscalculated incentives in the BFSI industry can lead to a domino effect—damaging morale, causing retention risks, and low productivity. The blog explores strategies to prevent the domino effect by building a resilient, transparent incentive management system that keeps your team motivated and aligned with company goals.
LIC recently responded to new IRDAI guidelines mandating higher surrender values by reducing agent commission rates. Learn how Incentivate’s dynamic sales commission solution can support compliance, maintain agent motivation, and enhance customer retention.
AI-driven cross-functional integration aligns sales compensation with broader business goals, optimizing strategies by uniting teams and eliminating silos.
AI transforms traditional quota-setting into a dynamic, adaptive process, tailoring goals to sales professionals' strengths and market shifts.
10 Productivity Hacks for Salespeople
- Sujeet Pillai
- Feb 02, 2022
- 4 min read
Every person in the world gets 24 hours a day. The thing that matters most is how the hours of a day are utilized by a person. Salespeople, more than anyone else, must be efficient. They do spend a lot of time travelling, contacting, socializing, and interacting with target buyers, after all. The efficiency and efficacy of a sales representative determine sales productivity. And achieving this can transform a poor performer into a star performer. Productivity hacks are amazing and can help make your teamwork more efficient. Here are some hacks to keep in mind:
1. Use Sales Automation Software
It's a waste of time to spend time on jobs that can be automated. Prospecting for sales is a great example. In general, automating manual, behind-the-scenes activities is a fantastic way to save time. All of the activities are critical, but they may be accomplished in a significantly shorter amount of time with the help of technology. There would be fewer human errors as a result.
2. Time Blocking
Breaking your daily calendar into pre-planned, time-controlled blocks, which further dictate your activities through the day, is how time blocking functions. Setting up a timetable might help you do more tasks in less time. Create calendar blocks dedicated to checking and sorting emails. This way, you won't waste time checking your email in between other duties during the day. Setting aside time for meetings can also help you work more efficiently. Choosing a period and creating an agenda can ensure that you fulfil your goals and keep you motivated.
3. Align the Goals of all Team Members
Making sure that all team members are on the same page is crucial. This would lead to more clarity of individual goals and roles. As a result, any confusion in the future can be avoided if the team members have their objectives aligned. The team members can also help each other out which would make room for more success.
4. Improve Sales Performance with Key Metrics
What you can't measure, you can't manage. When it comes to sales, precise measurements might mean the difference between meeting your target and falling short. Sales analytics enhances productivity by showing individual sales reps' and the sales team's strengths and shortcomings, allowing sales managers to alter behaviours and sales plans to ensure success. A fantastic productivity tip is to identify essential KPIs and use them to increase rep performance.
5. Celebrate Small Wins
It's easy to get caught up in the good figures made by the top performers, the team, or the large worldwide outcomes. It creates greater pressure at best, and despair at worst. No one in a sales team should ever feel insignificant. Small victories serve as daily or weekly reminders. Every manager can utilize them to motivate the team, establish a rhythm, and create exciting dynamics. After completing a tedious task, celebrating a win can also be a great way to provide some time off of work to your phenomenal sales team.
6. Organize your Workspace
Organizing your workspace can provide a level of satisfaction and peace to you. Keeping your workspace in a good shape, and control will help you focus on more important tasks and might also improve employee engagement. It will make room for you to dedicate your efforts to the right projects. Time management will also become easier if you have an organized workspace and an organized workflow.
7. Consistently Follow-up with Customers
Following up with potential clients regularly can help improve the conversion rate. You must devote time and effort to follow up with clients on a constant schedule. Maintain your perseverance and do whatever you can after your initial meeting to keep in touch with the prospect. Spending more time on analysis can help you increase your conversion rate and streamline the sales cycle.
8. Take Time to Qualify Leads
A well-qualified prospect will be inclined to buy and will eventually do so. It's critical to establish what characterizes a lead in your sales plan, from both a marketing and sales standpoint. Forms, behaviour classification, and data enrichment may provide you with all the information you need about leads before you waste time on undesirable leads.
9. Design your Sales Templates Based on Workflow
Using the same template over and over might get monotonous for both you and your clients. Always look for new ways to spice things up and keep the process interesting. Making a follow-up template for each sort of meeting you have is a fantastic example of a workflow-based template design. Make sure to include merging sections and customize all of your messages. Create folders for each stage of the sales process as it will help you stay organized and also save you time when you need to pick a design on the move.
10. Set Short-term and Long-term Goals
Short-term and long-term objectives are equally vital. Setting goals helps the team stay on target. The process can be made more efficient by structuring a strategy and determining which projects require more time and attention. Setting short- and long-term goals is a key step in motivating sales agents and increasing workplace efficiency.
To Conclude
Keeping the sales representatives motivated and productive is important. These were some productivity hacks that can work for your team. Establish a regimen based on what works best for you.
