What is a Sales target?

Sales target helps businesses to give target-based incentives/commissions to their employees or staff.

Using this business can define a different range or slab-based incentives.

For example:

For sales from Rs.0 to Rs.1000, the commission percentage is 5%

from Rs.1001 to Rs.5000, commission percentage is 7%

from Rs.5001 to Rs.10,000, commission percentage is 9%

from Rs.10,000 to Rs.10000000, commission percentage is 12%

This helps businesses to boost sales because employees or salespeople work hard to achieve a much higher percentage of commission.