Listen "Pay plans to drive performance when marching toward a sale. | ft. Tom Howard | Ep.433"
Episode Synopsis
Are complicated pay plans hurting your business? The truth is, simple pay plans work better! In this episode, we break down how performance-based pay and the right contractor pay structure can motivate employees and drive business growth.Watch the video version of this podcast at https://youtu.be/9yrbSvGMWfsDiscussion Points: 00:00 Episode Highlight05:10 Australia, California, Las Vegas Pay Differences08:30 Effective Incentive-Based Pay Plans11:29 Top Salesperson Shares Success Secrets15:31 Complicated Technician Pay System16:52 Efficient Pay Plan Increases Productivity20:14 Leadership Accountability in Sales Misconduct23:51 Pricing Framework for Service Markets26:33 Calculating Sale Price Breakdown32:38 Pricing and Performance Pay Calculation33:25 Job Cost and Pricing Basics37:30 Optimising Pricing for Profitability40:44 Salesperson vs. Order Taker: Distinction43:59 Free College Tuition as Employee Perk48:00 "Balancing Fairness: Customers vs. Employees"49:49 Balancing Life and Financial StabilityResources:Get the Acquisition Guide for FREE at https://www.howarddeals.comWebsite: https://www.howarddeals.comSocial: https://www.instagram.com/howarddealsEmail: [email protected] Don't let your business fall behind—explore the power of AI with Tradie Hub. Visit tradiehub.net to see the innovative AI tools crafted just for tradies. Discover how you can stay ahead and transform your business with cutting-edge technology! 🧰 Want Access To Tools & Training from Industry Leaders? Join Tradie Academy, our free community packed with templates, checklists, and resources shared by podcast guests, coaches, and successful tradies.👉 Join free and grab your next growth tool. 📲 Stay Connected: Facebook: The Site Shed Instagram: @thesiteshed LinkedIn: The Site Shed Website: thesiteshed.com Join a global community of 6000+ trade professionals https://www.facebook.com/groups/TheSiteShed ⭐ Enjoyed This Episode? Leave us a review here! Google Facebook Spotify/Apple
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