What are the types of sales quotas - PowerPoint PPT Presentation

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What are the types of sales quotas

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Your sales team are responsible for generating much of the revenue for the company. While they work dedicatedly to contact customers, find opportunities, and close more deals, setting a quota or target helps keeping everything in order and motivating the sales reps. There are different types of sales quotas with different target but having the same objective – do more sales. – PowerPoint PPT presentation

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Title: What are the types of sales quotas


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What are the Types of Sales Quotas
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1.
Revenue Quota
  • One of the most basic sales quotas and is set for
    every quarter or a month.
  • It reflects the products or services a sales rep
    needs to sell to achieve a certain revenue.

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2. Activity Quota
  • Activity quota ensures that the sales reps are
    communicating with the customers.
  • It can include making a certain number of calls,
    sending emails, closing deals, and more.

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3. Forecast Quota
  • The forecast quota is set up based on past
    results.
  • Sales team performance, market share growth,
    previous strategies, and more are the factors.

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4. Volume-Based Quota
  • Sales reps are expected to close a certain number
    of deals in a given period.
  • This quota comes in handy when market presence
    becomes the priority.

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5. Profit Quota
  • Profit quota helps in pushing your sales team in
    the right direction.
  • It replaces revenue with profit and is ideal for
    achieving various target markets.

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6. Expense Quota
  • The expense quota assigns a certain budget to the
    sales reps.
  • This helps in cutting down costs by the sales
    department.

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7.
Combination Quota
  • It combines more than one sales metric in
    determining the goal or target.
  • It improves various skills of the sales reps and
    enhances their performance.

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