Webspiff noun [ C ] COMMERCE informal (also spif) uk / spɪf / us an amount of money paid by an employer or the manufacturer of a product to a sales person for selling a particular … WebDec 22, 2024 · A SPIFF is a short-term incentive that sales reps get immediately after making a sale. Sometimes, it can be vacations, prizes, or recognition in the organization. …
SPIFF in Sales: How to Manage it Correctly - Selling Revolution
WebSep 14, 2024 · Spiff stands for sales performance incentive fund, also known as a special performance incentive fund. While it isn’t completely clear where the term comes from, it … WebOct 20, 2024 · An early reference to “spiff” can be found in a slang dictionary of 1859, referring to “The percentage allowed by drapers to their young men when they effect sale … bourasse tosse
Sales Commission – Key Terminology And Definitions
WebFeb 9, 2024 · Refers to the real value of a trade-in. Ad-Buyer, Paperboy – Lingo used to describe a car buyer who walks into a car dealership with a print copy of the latest car advertisement and is looking to buy a car at the price advertised. Addendum – An addendum is a sticker is an additional sticker posted near the manufacturer’s label (Monroney or … WebNov 10, 2024 · SPIFF stands for Sales Performance Incentive Fund and is a cash or non-cash incentive, with the purpose of motivating sales reps for short-term sales goals. It is not the same as commission, which is a permanent incentive for sales performance over time. Instead, a SPIFF is a one-time bonus performance payment for selling a particular product ... WebMar 25, 2024 · Spiff is a sales tactic used to make the sale more exciting and enticing. In order to understand what spiff stands for, we need to first understand the meaning of spiff in slang. In slang, spiff is an old-fashioned word that means something that has been done with extra care or effort. It can also mean anything done with style and flair. bourassia bengrine