
By a wide margin, sales-force compensation ranked as the top sales and marketing expense among this year's Inc. 500 (featured last month in our special issue). There's hope, however, for entrepreneurs possessing a smart idea and savvy marketing instincts: 135 companies on the list achieved success without spending a lot on sales salaries.
Expense | Percentage of companies that ranked it as the number one or number two expense |
Market research | 4% |
Public relations | 8% |
Promotional material | 23% |
Advertising | 31% |
Customer service | 42% |
Sales-force compensation | 67% |
Source: Inc. survey of the 500 fastest-growing small companies, 1995. * * * |
Nov 1, 1995