A Sales Professional earns money by progressing milestones to completion and closing deals for the vendor companies with their target accounts.
SwarmSales has a provisional patent on a “milestone-based process” by which companies will compensate Sales Professionals. For every engagement between a Company and a Sales Professional, four milestones must be completed before a deal is closed. The 4 milestones are the following:
- Introduction: The Sales Professional must coordinate and complete an introductory meeting between the Company and the target account in order to verify that the sales opportunity is valid. In order for an introductory meeting to be considered complete without the Company representative's presence, this must be approved in writing by the Company prior to the meeting.
- Demo: The sales team and Company have completed a demonstration of the product/service to the target account.
- Pilot or POC: A scenario has been identified by target account to test Company’s product/service.
- Win: Purchase order or Commitment (in writing) has been received from target account
SwarmSales partners with BrainTree (a PayPal company) to process payments from companies.We secure the milestone payments as soon as each engagement begins. When a milestone is completed, the Sales Professional and the Company have to sign-off electronically on the SwarmSales platform. The payment is pulled out of escrow and goes straight to your account. SwarmSales does not store your banking information.