Very good question insofar commissions are the reasons that attract us in business.
Michael LeBeouf, in his book The Greatest Management Principle in the World, contends that "Any behavior which gets rewarded will tend to be repeated." He advocates paying close attention to how employees get rewarded for performing (or not performing) the various aspects of their jobs.
Incentive, or performance based compensation, is nothing new. Commission plans for salespeople are common because their productivity is so easy to document. But small businesses tend to eschew these compensations plans thinking that "we're mom & pop; we're different." In the competitive environment we're faced with today, you have no choice; you must use every management tool available to maximize your marketing firepower.
Guerrillas are not only intolerant of non-performers, but they lavishly reward their stars, setting a higher standard of excellence for the whole organization. The problem is how to reward your people appropriately, particularly if they're not directly responsible for easy-to-measure activities like sales revenue.
For a good overview of the compensation plan, it will bring affiliated to read the article on the subject.
To do this go to: https://www.sfimg.com/Reference/CompPlan
And especially insist on the sfi 11 Reasons Why Compenstion Plan rocks!
1. Clean, simple, generous, and fair!
2. No purchase requirements ... ever!
3. Start earning income IMMEDIATELY just by doing a simple free actions!
4. Earn up to six different ways: Direct Commissions, TripleClicks Executive Pool, Co-Sponsor Commissions Bonus TCredits, ECA Royalties, and SFI Pay-Per-Action!
5. Qualify for EVERY kind of compensation with as little as 1500 VP month!
6. All qualifying VP can be generated with just actions or combinations of action and dirty!
7. A huge 40% of the Commission Volume (CV) on EVERY sale at TripleClicks.com goes into the TripleClicks Executive Pool. Share in this big, companywide pool with a minimum of just 1500 VP a month!
8. With OVER 70,000 products available from more than 95 countries, TripleClicks.com HAS something for everyone. This makes selling products online Both fun and lucrative. And it's even Easier To earn VP with Transfer Buying (buying products from the You Already TripleClicks.com buy elsewhere)!
9. Fast upfront compensation and great long-term residual income potential too!
10. There's no limit to how much you can earn. Go as wide as you want while earning aussi deep into your organization via the TripleClicks Executive Pool!
11. Get paid in your country's currency via our Payoneer ™ MasterCard or via check, PayPal, AlertPay or
Finally, never argue with results. If a team member goes about Achieving Their objective in year unconventional way, reward 'em anyway. What works for you may not work for them. Encourage your affiliates to take responsibility for Achieving Their objectives reward them Progressively, and stand back. They will amaze you!
less
Very good question insofar commissions are the reasons that attract us in business.
Michael LeBeouf, in his book The Greatest Management Principle in the World, contends that "Any behavior which gets rewarded will tend to be repeated." He advocates paying close attention to how employees get rewarded for performing (or not performing) the various aspects of their jobs.
Incentive, or performance based compensation, is nothing new. Commission plans for salespeople are
...
more
