Dan DiLoreto, co-founder of UBI Web, argues to Nathan Latka that percentage-based sales incentives encourage bad sales behavior and increase customer churn.
0:00 / 0:06exact quote · 6.4s
720p mp4 · rendered on demand · StarZero watermark
“If we remunerate them too much based on dollars sold, then they're going to force packages that clients don't need.”
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More from Dan DiLoreto
Insight
DiLoreto: High-Spending Ad Clients Are More Easily Poached by Competitors
“And the more they spend, the higher, they become a, they become more poachable. We're a very competitive industry. So we don't like the big spenders. I know that's interesting, but the least you spend, the harder it is to poach that person.”
Dan DiLoretoOct 17, 2020▶ 6:12UBIweb Makes $1.7m/year Helping Plumbers Launch Websites
Disclosure
UBIweb Funds Sales Commissions With a Two-Month Client Security Deposit
“So our secret sauce, I guess, for a commission is we take a two month security deposit when we sign an agreement. And that's the last two months of your last year with us. So that we use that, that is straight up used to pay the sales reps commissions. It basi…”
Dan DiLoretoOct 17, 2020▶ 14:56UBIweb Makes $1.7m/year Helping Plumbers Launch Websites
Disclosure
DiLoreto: UBI Web Relies Entirely on Outbound Leads
“All of our leads are outbound.
There's no inbound leads here.”
Dan DiLoretoOct 17, 2020▶ 16:40UBIweb Makes $1.7m/year Helping Plumbers Launch Websites
Disclosure
DiLoreto: UBI Web Pays Flat Annual Residuals on Client Renewals
“We do a residual, we offer a residual program. So every unit that you bring in the next year that they renew, you get a flat commission per year.”
Dan DiLoretoOct 17, 2020▶ 17:13UBIweb Makes $1.7m/year Helping Plumbers Launch Websites
AssertionNot checkable as stated
DiLoreto: UBI Web Has 550 Live Customers and 150-200 Signed
“We're about 700. We have about five 50 live and one of the 150 to 200 signed that are going live in the next three or four months. Cause we're always signing three, six months ahead of time.”
Dan DiLoretoOct 17, 2020▶ 3:31UBIweb Makes $1.7m/year Helping Plumbers Launch Websites
AssertionNot checkable as stated
DiLoreto: UBI Web ARPA is about $265 per month
“The ARPA right now is at about two 65 months.”
Dan DiLoretoOct 17, 2020▶ 4:23UBIweb Makes $1.7m/year Helping Plumbers Launch Websites
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