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Sales Strategies

#1 Sales Management Secret for Increasing Sales Revenue

Every business owner wants to expand their enterprise to boost profits, but it’s common for growth to plateau over time. Still, learning how to increase sales revenue involves more than pushing products and services to everyone. When you’re ready to uncover effective strategies to increase sales revenue, even during your company’s downtime, you should consider everything from forming the ideal sales team to building sales funnels to boost revenue. We’ll show you how below. How Do You Grow Sales? There is not a business owner or manager who does not ask this question every single day. You can then Google
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The Art of Sales Planning
Sales Strategies

The Art of Sales Planning – Mastering the Key Strategies for Success

Sales planning is simple to understand but complex to execute. The main thought in the sales planning process is how much effort you need to spend to sell your product. The sales planning process consists of two key factors, selling activity and forecasting yield.  For example, a salesperson must understand how expensive it is to convert one prospect into a buyer. Generally, this means understanding the marketing costs and human resources associated with bringing in a customer.  Plenty goes into a sales plan creation, but not many understand how fundamentally important it is for the success of a business or
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Sales Interviewing & Hiring

9 Types of Sales Compensation Plans

There are many different types of sales compensation plans to choose from; each one is designed to motivate salespeople differently. In the US, sales performance management is a 3.4 billion-dollar-a-year industry that impacts every company worldwide. But it is not just in the US – sales compensation plans are all over the world and are used widely by companies of all types and sizes. What is a Sales Compensation Plan? Compensation planning is a function of sales performance management to measure, manage and optimize sales results. A compensation plan is a set of rules and procedures for paying employees. The
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Business people cheering with hands together
Sales Management

How to Retain the Top Sales Talent on Your Team

Did you know that on average, 8% of salespeople are responsible for 80% of the sales at your company? Obviously, those salespeople are your top performers – the ones who consistently generate the most revenue and help the business thrive. Since top performers can be difficult to find and hire, it is easy to understand how losing even one of them from your sales team could have a significant effect on your sales department and the company as a whole. Fortunately, there are several steps you can take to keep your top performers around. Check out the following list of
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Sales Team Incentives - Cash
Sales Management

The Best Sales Incentives to Motivate Salespeople

To optimize profits within your organization, you need to keep your sales team motivated to keep closing new business deals. Competent sales managers understand that continually using the same incentives to rally the troops doesn’t work in the long run. Sales reps are often dynamic individuals in need of new challenges to pursue. The best managers are continually figuring out how to motivate sales teams. Offering a robust commission plan will keep your reps happy and productive, but what happens when they hit a comfortable stride?  The allure of special sales incentives programs keeps reps hungry and excited about coming
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Sales Strategies

The Difference Between Business Development and Sales

While often thought of as similar company segments, the business development vs. sales consideration is much larger and more complicated than it first appears. Here is what you should know about how these areas resemble and differ from each other.
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