Search results
People also ask
What is a Spiff bonus?
What does Spiff mean?
What is a SPIFF program?
What is a Spiff & spiv?
A spiff, or spiv, is slang for an immediate bonus for a sale. Typically, spiffs are paid, either by a manufacturer or employer, directly to a salesperson for selling a specific product. It is sometimes given as SPIF or SPIFF, a backronym, with invented words to fit the letters, but these are not the origin (see below).
SPIFF definition: an amount of money paid by an employer or the manufacturer of a product to a sales person for…. Learn more.
SPIFFs: A SPIFF is a short-term incentive program designed to drive immediate sales results. It's typically used to promote specific products, clear inventory, or boost sales during a particular period.
SPIFFs, or Sales Performance Incentive Funds, are short-term sales incentives used to motivate salespeople to achieve goals or sales targets within a set timeframe.
Apr 12, 2018 · Spiff stands for Sales Program Incentive Funds. It is incentive program companies and businesses use to drive sales. When merchandise is not selling well, or if inventory items need to be sold or cleared, the company runs a campaign.
The meaning of SPIFF is spruce —usually used with up. How to use spiff in a sentence. titivate, spruce up, smarten up, or spiff up?
Mar 18, 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. It gives sales reps the extra push they need to perform better at the workplace. Benefits of SPIFF: With good incentives, you can manage additional sales from the same resources.
