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Sales & Retail vocabulary · Targets, Metrics & Commission

SPIF

Meaning in sales & retail, with examples

nounAdvanced term

In sales & retail, SPIF means: A short-term sales incentive offered to encourage a specific selling activity or result.

In Turkish: kısa süreli satış teşvik primi

How it is used

Use for a temporary incentive, also written SPIFF; spell out the reward and qualifying conditions.

Example sentences

  1. The SPIF offers an extra fifty euros for each qualifying service contract sold this month.

    A time-limited reward encourages a specified selling result.

  2. We excluded cancelled orders when calculating the SPIF payments.

    Eligibility rules determine which transactions earn the temporary reward.

Common collocations

  • launch a SPIF
  • SPIF eligibility
  • commissionMoney paid to a salesperson based on the sales they make, usually a percentage of the value of each sale or of total revenue.
  • sales targetThe amount of sales, in money or units, that a person, team or store is expected to reach in a given period.

More terms: Targets, Metrics & Commission

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