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Started By
Message
Advice? Take a paycut and hit the road?
Posted on 4/19/24 at 11:39 am
Posted on 4/19/24 at 11:39 am
I have an opprotunity to take an initial paycut from a salary to a smaller garuntee with a huge commision/bonus upside if I hustle.
I am in a managment, desk job, now and would be going to an outside sales role in a new industry, that has products that are needed and comes with an estabilished client base that i can grow from there.
Pay cut is the only thing holding me back, and making this hard because I have a wife, and two kids that i don't want to put in a bind in any way, but there is a real potential to blow past my current salary in commisions and bonuses.
The freedom of outside sales, schedule and lowered stress level seem to be very high on the pros list..... more like being my own boss.
Thoughts?
I am in a managment, desk job, now and would be going to an outside sales role in a new industry, that has products that are needed and comes with an estabilished client base that i can grow from there.
Pay cut is the only thing holding me back, and making this hard because I have a wife, and two kids that i don't want to put in a bind in any way, but there is a real potential to blow past my current salary in commisions and bonuses.
The freedom of outside sales, schedule and lowered stress level seem to be very high on the pros list..... more like being my own boss.
Thoughts?
This post was edited on 4/19/24 at 11:43 am
13
Posted on 4/19/24 at 11:55 am to LATECHgradLSUfan
quote:
The freedom of outside sales, schedule
I think you need to give good consideration to your assumption that being in outside sales will free up your schedule.
Hustling in outside sales does not usually equate to a wide open schedule.
Posted on 4/19/24 at 12:01 pm to LATECHgradLSUfan
I wouldn't, but I'm a play it safe conservative that hates salesman and not real social with new people.
But I'm not you. So what I'm getting at is its really going to depend on your personality and the jobs, etc.
But I'm not you. So what I'm getting at is its really going to depend on your personality and the jobs, etc.
This post was edited on 4/19/24 at 12:02 pm
Posted on 4/19/24 at 12:17 pm to LATECHgradLSUfan
The economic outlook isn't rosy for sales commissions. At all.
We're not getting a rate cut this year unless the economy falls off a cliff. With the current state of inflation, especially if Q1 GDP comes in as expected (2.9), we're far more likely to get another hike this year than we are a cut.
Real estate foreclosures continue to rise as do bankruptcy filings.
I would stay put for at least another 3-6 months then gauge what's happening then.
We're not getting a rate cut this year unless the economy falls off a cliff. With the current state of inflation, especially if Q1 GDP comes in as expected (2.9), we're far more likely to get another hike this year than we are a cut.
Real estate foreclosures continue to rise as do bankruptcy filings.
I would stay put for at least another 3-6 months then gauge what's happening then.
This post was edited on 4/19/24 at 12:18 pm
Posted on 4/19/24 at 12:39 pm to Bard
quote:
The economic outlook isn't rosy for sales commissions. At all.
We're not getting a rate cut this year unless the economy falls off a cliff. With the current state of inflation, especially if Q1 GDP comes in as expected (2.9), we're far more likely to get another hike this year than we are a cut.
This is true but industry plays a big role here. Public agencies are awash with cash right now - cities, counties, state transportation/water groups - federal dollars from ARPA and BIL, as well as increased property tax revenue thanks to increased valuations over the past 5+ years. No clue what OP would be selling but if you are selling products relevant to public infrastructure improvements, the outlook looks very different than selling to private businesses/consumers having to come up with their own cash.
Posted on 4/19/24 at 12:51 pm to LATECHgradLSUfan
Just some questions for thought.
What makes you think you'll be successful in outside sales?
Is this "needed item" exclusive from your company? If not, then there is competition. Competition with people that have been in the sales game before you. Now with a new gap opportunity to slide into - a great time for your competitors to seize market share of your "established client base".
Why did the prior sales person leave this lucrative opportunity?
Starting out into a sales role and making quota doesn't usually = lower stress. It likely raises it. You live with it. If you have a desk management job, your current position may be a lot easier to close the computer at 5 pm Friday and see it again Monday at 9.
Does your wife work with income? Enough to support your family's life, as-is if things go sideways in this new role? Who's health insurance plan is your family on? Maybe in this new role you don't perform, they may say this isn't working out and part ways with you. Now zero income and no health insurance (Cobra, yeah...).
Depending on these answers (plus many more), your risk tollearance and realistic belief in your sales abilities is where your answer resides.
A successful sales job can be very lucrative, but your assumptions of "freedom of outside sales, schedule and lowered stress level" should be heavily scrutinized.
Dont be scared to bet on yourself, but there are way more questions than answers for what you supplied. Best of luck and update your post with what happens.
What makes you think you'll be successful in outside sales?
Is this "needed item" exclusive from your company? If not, then there is competition. Competition with people that have been in the sales game before you. Now with a new gap opportunity to slide into - a great time for your competitors to seize market share of your "established client base".
Why did the prior sales person leave this lucrative opportunity?
Starting out into a sales role and making quota doesn't usually = lower stress. It likely raises it. You live with it. If you have a desk management job, your current position may be a lot easier to close the computer at 5 pm Friday and see it again Monday at 9.
Does your wife work with income? Enough to support your family's life, as-is if things go sideways in this new role? Who's health insurance plan is your family on? Maybe in this new role you don't perform, they may say this isn't working out and part ways with you. Now zero income and no health insurance (Cobra, yeah...).
Depending on these answers (plus many more), your risk tollearance and realistic belief in your sales abilities is where your answer resides.
A successful sales job can be very lucrative, but your assumptions of "freedom of outside sales, schedule and lowered stress level" should be heavily scrutinized.
Dont be scared to bet on yourself, but there are way more questions than answers for what you supplied. Best of luck and update your post with what happens.
Posted on 4/19/24 at 12:58 pm to LATECHgradLSUfan
quote:
The freedom of outside sales, schedule and lowered stress level seem to be very high on the pros list..... more like being my own boss.
The freedom is a thing but I think you're off base with the lower stress. I find that having a direct and immediate impact on my income very enjoyable and can't imagine going back to a salaried job. Hustle and bring home the big bucks.
Posted on 4/19/24 at 1:02 pm to LATECHgradLSUfan
relying on sales that I dont fully control to make as much money as I do now sounds like an immediate jump in stress levels.
I'd be looking for stress that can be left in the office and not taken home.
I'd be looking for stress that can be left in the office and not taken home.
Posted on 4/19/24 at 1:15 pm to LATECHgradLSUfan
What would you be selling? Like others said, market is all over the place currently. There is a reason for that lucrative position to be open.
Posted on 4/19/24 at 1:25 pm to LATECHgradLSUfan
quote:
The freedom of outside sales, schedule and lowered stress level seem to be very high on the pros list.
I hope you like going to dinner every night away from your family... Kidding of course, but really depends on the sales job
Posted on 4/19/24 at 1:30 pm to UltimaParadox
quote:
I hope you like going to dinner every night away from your family... Kidding of course, but really depends on the sales job
Don't undermine this thought, no matter how much you're joking.
I got the "it's just been a lot lately" talk yesterday. And it has.
I co-founded a company 2.5 years ago. I drive 70% of our sales and new business development. I love it and many times it doesn't feel like work when I'm on the road 2-3 days at a time 2-3 times a month. I would have been home more and far more miserable if I was still working my Fortune 500 sales job. But that shite wears on you at home. And it certainly wears on your wife and kids.
This post was edited on 4/19/24 at 1:31 pm
Posted on 4/19/24 at 2:42 pm to LATECHgradLSUfan
What others have said,
If one of the main Pros for Outside Sales is “freedom of schedule”, then the role is more likely than not, not for you.
If one of the main Pros for Outside Sales is “freedom of schedule”, then the role is more likely than not, not for you.
Posted on 4/19/24 at 5:33 pm to LATECHgradLSUfan
I’d rather work food service or retail than sales
Posted on 4/19/24 at 5:57 pm to LATECHgradLSUfan
Thinking that
A) taking a pay cut
B) hustling and
C) "being your own boss"
is somehow less stressful is absolutely wild to me.
A) taking a pay cut
B) hustling and
C) "being your own boss"
is somehow less stressful is absolutely wild to me.
Posted on 4/19/24 at 5:57 pm to LATECHgradLSUfan
Our sales guys make $150k+ a year and call on 15 people a week. It's the easiest job in our company by far. Keep a good repour with customers, answer when they call, and make shite happen if they get in a bind. Find out their favorite snacks and places to eat, take em once a month on the company's dime, and then enjoy all the golf tournaments and skeet shoots you can enjoy. What a joke.
Posted on 4/19/24 at 8:56 pm to TheWalrus
Sir, both of those are sales roles, just shitty ones.
Posted on 4/19/24 at 9:00 pm to LSUShock
quote:
I co-founded a company 2.5 years ago
quote:
But that shite wears on you at home. And it certainly wears on your wife and kids.
You didnt take a sales role. You took up being an Entrepeneur. There's a massive difference between the two. You may take a client to dinner occasionally, go out of town on a hunting trip or two in sales, but most of these large companies now have rules about what can be accepted during a sales "call". One of our largest customers can no longer accept meals from salesman larger than $35. It's no longer this wine and dine job that takes up 75% of your time.
Posted on 4/19/24 at 9:50 pm to BadatBourre
I'm a co-founder and an "entrepreneur" yes, but I'm in logistics sales. My job is new customer acquisition. My territory is now the whole US vs my region as it used to be, so in that sense you are right,
But, it's very much a who are you eating dinner with or where are you golfing world still.
Global freight with middle market customers, my target market, is very old school. I don't even want the enterprise accounts that suck that type of interaction out of the relationship.
But, it's very much a who are you eating dinner with or where are you golfing world still.
Global freight with middle market customers, my target market, is very old school. I don't even want the enterprise accounts that suck that type of interaction out of the relationship.
Posted on 4/20/24 at 9:11 am to LATECHgradLSUfan
quote:
The freedom of outside sales, schedule and lowered stress level seem to be very high on the pros list..... more like being my own boss.
Not likely. These days your laptop and cell phone usage are monitored by your employer and most sales managers think more meetings and more reporting (versus more marketing and promoting) are the answers to getting more sales, and as cell phones and PC software get "smarter" this is just going to get worse.
Just consider it. In the end, yours, and maybe your wife's, opinion is the only one that matters.
Posted on 4/20/24 at 9:40 am to FinleyStreet
quote:
A) taking a pay cut
B) hustling and
C) "being your own boss"
A) That I make up with commission.
B) I hustle hard now and all I get is a salary. On call 24/7, always need to be by my computer and have internet access even when hunting, fishing, or on remote camping trips, and I even work weekends with no extra pay. No comp time.
C) I'm micromanaged every step of the day and am required to have basic job decisions approved before I implement improvement.
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