Finesy
When and why do you ask for a signing bonus?
7
During salary negotiations. I've gotten two major signing bonuses negotiated in the past:
1) the first was a performance based bonus. If I hit quota at either 6 or 12 months I want a $30,000 bonus check. I knew the startup was just fluffing the quota so I told them the signing bonus comes out of future revenue that you can only dream of today. They agreed and I hit it at 6 months
2) I told the company that the offer was too low. They wouldn't budge on base. I explained that the benefits weren't that good and they needed to offset the poorer plan options with cash. I told them a signing bonus would do that for years one and we agreed to $3,000.
If you don't ask, you'll never receive.
1) the first was a performance based bonus. If I hit quota at either 6 or 12 months I want a $30,000 bonus check. I knew the startup was just fluffing the quota so I told them the signing bonus comes out of future revenue that you can only dream of today. They agreed and I hit it at 6 months
2) I told the company that the offer was too low. They wouldn't budge on base. I explained that the benefits weren't that good and they needed to offset the poorer plan options with cash. I told them a signing bonus would do that for years one and we agreed to $3,000.
If you don't ask, you'll never receive.
Always, and to make more money. Worse they can say is "no".
Best to ask after you provided value whether that be for a big closed-won, taking on more responsibility, getting a better offer you can leverage, you name it
Always, and to make more money. Worse they can say is "no".
Quick swift money ๐ธ
With worst taken in
With worst taken in
Best to ask after you provided value whether that be for a big closed-won, taking on more responsibility, getting a better offer you can leverage, you name it
The why is easy to explain: "Hey, I'm leaving deals on the table that are soon to close and that means commission. It'd be nice to offset that loss." Given that you're realistically doing that every time you leave, you should be asking for that offset every time as well.
Quick swift money
I do it a fair amount. A lot of sales teams use our product to entertain prospects/clients.
Definitely. It can be an absolute blast and can make getting the deal done a lot easier when you have a salesperson trying to get approvals from higher ups
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