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re: People who work in sales: how do you like it?
Posted on 7/30/21 at 8:07 am to thunderbird1100
Posted on 7/30/21 at 8:07 am to thunderbird1100
Dont overcomplicate the base salary though.
The best compensation plans have little to no base salary. If you see a longterm fit with a company and culture, you probably are better off without the 70k base.
If you are unsure (even of your skills), then the base is a great start and maybe you can move off it later. A lot of sales reps dont work out, and hindsight shows that they may have been better compensated with stronger guarantees.
Ive generally been 100% commission. This months budget is based on 1 to 2 months ago commissions is how i lived my 20s. Annual personal budget is based on 2 year commission averages (same as a lender would grade me)
Right now, i get a $16k base and overtime (sounds stupid to me but i will take free money). But im at my place of employment because of the commission comp plan, belief in what i sell, and benefits.
The best compensation plans have little to no base salary. If you see a longterm fit with a company and culture, you probably are better off without the 70k base.
If you are unsure (even of your skills), then the base is a great start and maybe you can move off it later. A lot of sales reps dont work out, and hindsight shows that they may have been better compensated with stronger guarantees.
Ive generally been 100% commission. This months budget is based on 1 to 2 months ago commissions is how i lived my 20s. Annual personal budget is based on 2 year commission averages (same as a lender would grade me)
Right now, i get a $16k base and overtime (sounds stupid to me but i will take free money). But im at my place of employment because of the commission comp plan, belief in what i sell, and benefits.
Posted on 7/30/21 at 8:24 am to meansonny
For a newbie I'd definitely get a healthy base pay a s safety net, everyone thinks they are good salespeople until they arent or times get tough. I'd honestly say maybe 1 in 4 or 1 in 5 salespeople at our company would last long term on a low to no salary plan. We've taken a few salespeople on those types of plans, and for them it never worked out, but those people were mostly unproductive for a period of time and getting "nudged" to do better. We actually had 1 salesperson who had a $100k base, and he sold 1 really big fairly long term deal he would get commission on (2-3 years). He basically sold nothing for almost a year after that, and we moved him to $50k base from $100k to motivate him more, still nothing after another 6 months and he got taken to $0 salary after that, and he still sold nothing for another 6 months, and then got let go. This was all just due to laziness though on his part, not because things got dried up for 2 years in a row. He was sitting happy making $100k base and another $100k/yr from that big deal he booked.
This post was edited on 7/30/21 at 8:27 am
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