What Is a SPIFF? SPIFF is simply a variant spelling of SPIF, but the meaning is the same. The spelling “SPIFF” has gained popularity in some industries (especially in retail and tech), but SPIF remains the more correct, formal acronym since it represents Sales Performance Incentive Fund.

A spiff, or spiv, is slang for an immediate bonus for a sale. Typically, spiffs are paid, either by a manufacturer or employer, directly to a salesperson for selling a specific product.

What is a SPIFF in sales? SPIFFs, or Sales Performance Incentive Funds, are short-term sales incentives used to motivate salespeople to achieve goals or sales targets within a set timeframe.

Smarten up and spiff up both mean to improve in appearance often by making more neat or stylish ("the tailor smartened up the suit with minor alterations"; "he needed some time to spiff himself up for the party").

SPIFF definition: an amount of money paid by an employer or the manufacturer of a product to a sales person for…. Learn more.

SPIFF definition: to make spiffy (usually followed byup ). See examples of spiff used in a sentence.

“Spiff” is old-school slang that’s been repurposed in modern internet lingo. Traditionally, to “spiff up” something means to make it look sharp or stylish—like giving your outfit or room a quick glow-up.

The sales SPIFF meaning refers to a "Sales Performance Incentive Fund," which is a short-term, immediate reward used to motivate sales representatives to achieve a specific goal.

A spiff is a small, immediate bonus or incentive, usually given to employees (especially salespeople) to boost performance. “The company offered a spiff for every product sold this week.”

SPIFF meaning: an amount of money paid by an employer or the manufacturer of a product to a sales person for…. Learn more.