What's the difference between a spiff and a commission?
I thought a commission be a percentage base on total sale dollars and a spiff be a flat dollar amount usually associated next to mart of a component, but lately nation around me articulate things close to, "we'll proposition them a spiff of 5%".
Answers:
A spiff is an inducement to get rid of a specific product brand. For example, a sale party may return with a commission for ever appliance sold. Then, lying on that, Maytag may be offering a spiff if you trade their product.
Special Performance Incentive Fund is in general a treat on the side. It can be any lolly, or a trip somewhere salaried by someone else. Commission generally you own to lurk until the public sale is final back you receive it and it is module of your rate and is included in your taxes at the fall of the year. Jennifer
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Answers:
A spiff is an inducement to get rid of a specific product brand. For example, a sale party may return with a commission for ever appliance sold. Then, lying on that, Maytag may be offering a spiff if you trade their product.
Special Performance Incentive Fund is in general a treat on the side. It can be any lolly, or a trip somewhere salaried by someone else. Commission generally you own to lurk until the public sale is final back you receive it and it is module of your rate and is included in your taxes at the fall of the year. Jennifer