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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20Sales: Why You Should Not Do PLG and Enterprise Sales at the Same Time | How To Move Into Enterprise Sales Gradually | How To Make a Comp Plan For Sales Teams | Why Discounting is Good and Can Be Used with Stevie Case, CRO @ Vanta

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

NOTE

What's a Spiff?

Spiffs are special incentives outside of the typical compensation plan with a limited timeframe and unique goals. They can be tied to various activities, not just revenue. Cash is a popular choice for spiffs, but recognition-based rewards can be effective too. The goal is to create a fun and competitive atmosphere that motivates employees to come out on top.

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