Sales Performance Incentive Fund

The Sales Performance Incentive Fund (SPIF) is a financial reward given by a company to its salespeople or channels for reaching specific sales targets or selling certain products within a set period. It serves as an extra motivation to boost sales efforts beyond regular commissions. SPIFs are usually a one-time bonus, paid directly for achieving particular goals, and are meant to encourage focus on strategic products or markets. They help companies quickly increase sales, introduce new products, or gain market share by incentivizing the sales team in a targeted manner.