Wednesday, 18 September 2019

Want to optimize sales performance? Reduce commissions on sales of popular items and provide sales incentives

According to new research published in the INFORMS journal Marketing Science, companies can improve sales performance when they adjust sales commissions for the sale of more popular items. Further, the researchers found that when companies provide incentives to the sales force, that is more cost-effective than offering consumers discount pricing. The research centered on automotive sales at the dealership level.