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Carrots and Sticks
The Right Incentives for Local Media Sales
February 28, 2017
INTRODUCTION
2
Moderated by:
Gregg Nell, Director of Digital Marketing Services
 tronc, inc. (Tribune Online Content)
 15 years of media sales experience
 13 years of sales management/leadership experience
• Managed teams of 6-36 across various print/digital products
Open Forum – Feel free to ask questions and
be part of the conversation!
TODAY’S DISCUSSION
3
Carrots – How do you motivate your team to succeed?
2 levers available: Reward and Recognition
Main Reward – Compensation Plan
 Ask yourself – does our comp plan reward the right activities?
 Is it clear, fair and motivate top performers to achieve best results?
 Will it drive results for company initiatives?
 Most importantly, will a rep know what a sale means to them?
TODAY’S DISCUSSION
4
Carrots – How do you motivate your team to succeed?
2 levers available: Reward and Recognition
Recognition – Almost as important as $$
 Keep success visible in the office and via team emails
 High-Fives, spot rewards, even a plastic trophy can create revenue!
TODAY’S DISCUSSION
5
Sticks – Ideas to keep the pressure on the team
My Preference – Indirect Pressure…
What is indirect pressure?
 Weekly Sales Meeting – first item, cover revenue results
 Reverse 80/20 Rule
 Lead by example – in the field training is everything
 “Praise in public, correct in private”
SALES CONTESTS
6
“Significant Others” Contest
The greatest contest that you cannot win.
Idea: Each rep provided an email address to receive weekly contest updates
Points based on many sales activities along with new business wins
Gift Card to winner and runner-ups significant other, they choose!
Share a Successful Sales Contest - I’ll go first:
Any creative/successful ideas to share?
QUESTIONS &
DISCUSSION

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  • 2. INTRODUCTION 2 Moderated by: Gregg Nell, Director of Digital Marketing Services  tronc, inc. (Tribune Online Content)  15 years of media sales experience  13 years of sales management/leadership experience • Managed teams of 6-36 across various print/digital products Open Forum – Feel free to ask questions and be part of the conversation!
  • 3. TODAY’S DISCUSSION 3 Carrots – How do you motivate your team to succeed? 2 levers available: Reward and Recognition Main Reward – Compensation Plan  Ask yourself – does our comp plan reward the right activities?  Is it clear, fair and motivate top performers to achieve best results?  Will it drive results for company initiatives?  Most importantly, will a rep know what a sale means to them?
  • 4. TODAY’S DISCUSSION 4 Carrots – How do you motivate your team to succeed? 2 levers available: Reward and Recognition Recognition – Almost as important as $$  Keep success visible in the office and via team emails  High-Fives, spot rewards, even a plastic trophy can create revenue!
  • 5. TODAY’S DISCUSSION 5 Sticks – Ideas to keep the pressure on the team My Preference – Indirect Pressure… What is indirect pressure?  Weekly Sales Meeting – first item, cover revenue results  Reverse 80/20 Rule  Lead by example – in the field training is everything  “Praise in public, correct in private”
  • 6. SALES CONTESTS 6 “Significant Others” Contest The greatest contest that you cannot win. Idea: Each rep provided an email address to receive weekly contest updates Points based on many sales activities along with new business wins Gift Card to winner and runner-ups significant other, they choose! Share a Successful Sales Contest - I’ll go first: Any creative/successful ideas to share?