A far better approach to the problem would be to use a process that takes all the variables into account and births a compensation plan that was fully researched and vetted. It takes longer, but the end result will be far superior.
Here’s another example. I am often approached by salespeople who tell me about a situation and ask for a solution. They have made a big proposal in one of their customer accounts, for example, and can’t seem to get any resolution. “What can I do?” they will ask in varying ways.
My response is always to question the process that led up to the situation.
* “Have you identified the key decision makers?”
* “Have you created
trusting relationships with them?”
* “Have you completely identified the customer’s needs and interests? “
* “Have you uncovered any concerns from their side?”
Almost always I am answered with some “no’s”. In sales, as in most other human endeavors, you can’t expect a satisfactory conclusion unless you’ve done the necessary work. Just like most other people, the salesperson at my side found an opportunity and jumped right to a solution without doing the necessary leg work that the process requires. As a
result, he’s stuck at a dead end.
I just finished a module in our Sales Leader’s Excellence and Influence course. The module dealt with hiring new salespeople. My recommendation: Create a process and stick to the process.
When you shortcut the process to jump to a conclusion, you are much more likely to make a costly hiring mistake.