Spiff - Wikipedia 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
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What is a Spiff in Sales? Understanding the Basics A SPIFF, short for Sales Performance Incentive Fund, is a short-term bonus or incentive program designed to encourage sales representatives to achieve specific goals or targets Understanding SPIFFs is important for sales representatives as well as sales managers
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SPIF vs. SPIFF: Which Sales Term Is Correct and What’s the Difference? In this article, we’ll clear up the confusion around SPIF vs SPIFF, explain the real SPIF meaning, and break down how SPIF incentives are used in modern sales teams We'll also explore the origin of the term and provide sales SPIFF examples you can learn from
What is a SPIFF and How Do They Work? | Gapp Group A SPIFF (Sales Performance Incentive Fund) is a short-term incentive used to motivate sales representatives to achieve specific goals within a brief period SPIFFs are typically structured as one-time bonuses or cash rewards given upon the achievement of a targeted sales