Best Approach to Incentivize your Team
Need a Funder or Vendor? START HERE

Results 1 to 4 of 4
  1. #1
    Senior Member Reputation points: 11887 KINGCASH's Avatar
    Join Date
    Jan 2017
    Posts
    190

    Best Approach to Incentivize your Team

    ..
    Last edited by KINGCASH; 08-15-2019 at 09:02 PM.

  2. #2
    Try getting them a reservation at Dorsia? Great sea urchin ceviche!

    Sometimes killers are motivated eating something someone else kills!

  3. #3
    Seriously, start eating 5 star food, regular food isn't as appetizing. Start drinking top shelf liquor, bottom shelf isn't as palatable. Start sipping on Lafite Rothschild, wine in a box, well I never recommend going there, lol. Keep introducing them to new things and it keeps them hungry for more. Discover Victoria's secret, runaway from the Lincoln tunnel's.

  4. #4
    Senior Member Reputation points: 158630
    Join Date
    Jul 2015
    Posts
    1,202

    Quote Originally Posted by KINGCASH View Post
    I'm trying to find ideas on how to better incentivize my team.
    Starting off, we give big splits on CM.
    In addition, we give bonus's on x amount of apps for each rep each week/most apps for the rep per week.
    We give bonus's on total funding amounts reached per rep for the month (must hit certain numbers).

    However, we have our managers who have a large split, and split that with new reps coming in.

    What's the best way to give incentive for future growth with new reps, or reward managers on performance?

    Everyone rep wants to know there is more room for future growth. Problem is, on offering big splits to compensate no base, there is no more room to offer higher splits.

    I think we have a good structure thus far, but would love some other ideas that might work.

    Your feedback is important, thank you!
    Consider sending them home, reduce overhead to pennies and let them eat what they kill on a negotiated split. Don't pay anyone for apps in. Surprise them with bonuses and respect them. Educate via conference call weekly. To start.

Similar Threads

  1. Replies: 0
    Last Post: 08-16-2016, 09:53 AM
  2. Let's TEAM UP!
    By vucapitalseven in forum Promotions
    Replies: 21
    Last Post: 08-09-2016, 07:30 PM
  3. Replies: 0
    Last Post: 10-07-2015, 10:48 AM
  4. Replies: 11
    Last Post: 07-02-2014, 09:07 AM
  5. #team
    By JayBallentine in forum Merchant Cash Advance
    Replies: 0
    Last Post: 10-16-2013, 08:23 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY