Collection of Insights, Advice & Learnings on Life Sciences Commercial Strategy
Four Reasons Forced Rank Sales Compensation Plans Cost You Sales
Although rank order sales compensation plans are easy to implement and provide the ability to control the sales compensation budget, they suffer from a number of limitations that ultimately cost the company sales. In this blog post, we explore four limitations of rank order and why it leaves sales on the table.
When Simple Isn’t Simple: Why Your Sales Compensation Plan is Not as Simple as You Think
In the complex healthcare industry, it has become increasingly more critical for a biopharma sales compensation plan to be as simple for the sales force as possible. In this blog post, we explore why the simplicity of a sales compensation plan is actually not as simple as it is thought to be.
The Real Reason Your Sales Force is Leaving and How to Fix It
Demand for top biopharma sales representatives is high even in a poor job market. Learn how to determine the real reason your sales force is leaving, and what you can do to reduce turnover and encourage retention.
Does Your Sales Compensation Plan Really Pay for Performance?
Though biopharma sales compensation plans place a great deal of emphasis on paying for performance, too often they fall short. Explore what it means for a sales compensation plan to truly pay for performance.
What Percent of the Sales Force Should Be Out of the Money? The Answer Might Surprise You
Many sales compensation plan designers advocate for a portion of your sales force to finish the plan period without having earned a bonus, but what should this portion actually be in practice? Let’s explore this question and why the answer might surprise you.
How to Set Territory Goals in COVID-19 Recovery
The continuing uncertainty of COVID-19 presents an ongoing challenge to creating sales compensation goals. Let’s outline three major ways to tackle the approaching uncertainty of territory goal setting.
Three Steps to Check How Accurate Your Goals are Before Implementation
Accurate and equitable territory-level goals are critical to driving sales force motivation and sales. Let’s explore a three-step analysis you can conduct to examine how accurate your goals are before they’re implemented.
How to Drive Superior Field Performance with MBOs
Let’s investigate the limitations of the most common way to score MBOs as well as two innovative scoring strategies that drive superior accountability and performance.
Navigating Differing COVID-19 Recovery Rates in Sales Compensation Design
Here's how to design a sales compensation plan for COVID-19 reopening that will mitigate territory differences and drive motivation.
Factors Affecting Sales Compensation Planning for the COVID-19 Road to Recovery
COVID-19 recovery rates will vary not just for different life sciences products, but across territories as well. Here’s what this means for sales compensation planning.
Why Life Sciences Sales Compensation Plans Must Change to Address COVID-19
These difficult times in the midst of COVID-19 are so unprecedented that sales compensation plans must change drastically in order to mitigate the impact on sales forces.
How to Design an Effective Sales Compensation Plan in the Midst of COVID-19
Designing an effective sales compensation plan can be difficult even when not facing times of crisis. Let's explore how to design a sales compensation plan for COVID-19.
Pitfalls to Avoid When Designing Your Sales Compensation Plan for COVID-19
When designing your sales compensation plan in response to COVID-19, there are three pitfalls you should avoid.
How Not to Approach Product Launch Sales Compensation Challenges
A successful launch is critical to ensuring a product’s longevity in the marketplace. Let’s explore why you shouldn’t adopt some of most common solutions to three sales compensation challenges for product launches.
Pharma Sales Incentive Payout Curve Pitfalls to be Aware of and Avoid
Let’s explore three common pitfalls in designing goal-based payout curves and how they can undermine a company’s budget.
Post-Plan Sales Compensation Adjustments: The Wrong Action Too Late
Sales compensation corrections are often made after the plan period has ended in order to address unforeseen circumstances, but does this actually motivate?
Clients We’ve Served
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Additional Tools & Resources
Case Studies
Read some case studies with real biopharma companies that showcase the power of our sales compensation and sales optimization solutions.
Tips
Explore a variety of tips dedicated exclusively to life sciences sales compensation based on our over 30 years of experience in the industry.
Books
See what publications we’ve released over the years on pharma, biotech and medical device sales compensation and sales optimization.