The Purchasing Power Parity (PPP) economic theory proposes that the cost of goods and services should be the same across different countries. This proposal aims at providing consumers across the world with equal prices of commodities. It seeks to achieve this by accounting for the differences in currency exchange rates.
If your business is keen on growth, you can’t afford to have demoralized salespeople. Your business’ growth is directly proportional to the volume of sales. So, if you have a low-performing sales force, you’ll hardly recoup the money injected into marketing, leave alone make any profits.
Let’s say you’ve enjoyed a steady growth in the local scene. You now feel it’s the right time to spread your wings and taste the international markets for new growth opportunities. This is great news for any business. But, it comes with its own challenges. One of the major headaches in the international marketplace is handling sales commissions in multiple currencies. Fortunately, with good tools such as QCommission, this can be a thing of the past and here is how:
If you want to determine whether your business is doing well or not, look at your sales transactions. Unfortunately, not many businesses track sales transactions effectively. In fact, some businesses still use spreadsheets, cash registers, and paper files to manage their sales records.
Do you want your business to skyrocket to success this year? Begin by investing in the right sales talent. So far, we’ve established that sales reps have a key influence on a business’ bottom line. What’s more, any sales superstar knows their worth in such enterprises and will settle for nothing less than companies whose commission structures compensate them for what they are worth.