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    Sunday, October 4, 2020

    Does Jordan Belfort really owe $100 million or he just hid it in a trust fund somewhere in Caiman Islands? Sales and Selling

    Does Jordan Belfort really owe $100 million or he just hid it in a trust fund somewhere in Caiman Islands? Sales and Selling


    Does Jordan Belfort really owe $100 million or he just hid it in a trust fund somewhere in Caiman Islands?

    Posted: 04 Oct 2020 06:23 AM PDT

    I just don't understand how can someone continue living knowing they'll die repaying their debt. It doesn't make sense to me. There's people that lost less than $100k who end their lives. How can someone that wakes up with $-100 million on their bank account go to sleep peacefully and wake up like if everything is going well?...Oh, another question. How can someone with that amount of debt afford to still live decently and not end homeless?

    submitted by /u/Trainer_Red99
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    Interviewing for promotion - What are salary expectations?

    Posted: 04 Oct 2020 05:54 AM PDT

    Background: I work as a Business Development Executive for a product in use in commercial construction. My base salary is $65k, and I'm on track to make about $145k this year after commission/bonus.

    The Director position in my market (Greater DC Metro) has been open for a few months, and leadership is finally beginning the process of interviews. I've had two so far, think I'm in a good position, and I'm expecting to receive an offer early this week.

    I have remained friendly with the former person in the position, and I asked him to share what his salary was, and his response was "the average BDD salary is around $120k" which I take as an indirect way of not exact telling me what he made, but what he thinks I can expect.

    My question is, is it typical for Directors to make less than the people working for them? If I continue to exceed my yearly targets as a BDE, by year 5, I'd be on track to make over $200k. Does it really makes sense for a Director of 4-5 BDE's to be making less than all of them individually? To be fair, I don't know the exact commission/bonus structure for the Director position yet, but my understanding is that it's a very small amount relative to the BDE.

    submitted by /u/DPFanMH
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    Need advice on organizational tools for sales

    Posted: 04 Oct 2020 08:34 AM PDT

    I'm hoping someone can help me..

    I'm in wine sales and last week my sales territory expanded five times it's sales. So I'm going from calling on twenty accounts to 100 accounts.

    I'm psyched for the opportunity, but it's a little overwhelming. I'm good at the sales side, but the organizational side is hard for me.

    I need some kind of visual system to keep track on my major accounts (who they are, what wine they are currently buying, what days I'm visiting them, etc) maybe a map too so i can see who it makes sense to visit on what route.

    The thing with wine is you have visit your customers often (once a week ideally) restaurants don't typical have a ton of storage so they order often, but they order from the reps who visit them most.

    submitted by /u/FFEmom
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    Sales Resume Help!

    Posted: 04 Oct 2020 08:32 AM PDT

    Hello Sales,

    I'm preparing my resume to be sent out for BDR positions in the tech industry and figured there is no better place to get some feedback than this reddit.

    Should I be using the classic resume with experience, education, skills, hobbies etc. with the classic formatting?

    Or do recruiters and HR actually appreciate more novel, new era looking resumes?

    I know in finance the technical stuff is king and classic resumes are better, but in sales, where the goal is to catch the attention of a prospect, does a more elaborate or creative resume work better?

    I would also like to know if anyone could recommend resume help services or something of the sort. I used to think I could write the best resume ever by myself but why not utilize some professional expertise if I can.

    Thanks for the advice,

    BW100

    submitted by /u/bigwangwunhunnit
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    I own a gaming website and am looking for some advice

    Posted: 04 Oct 2020 12:34 PM PDT

    Hi! Just for a bit of context, I own a gaming website with around 200k monthly visitors. Currently, the site is only monetized through display ads that are handled solely through a third party. I'm very happy with my partner, but don't want to rely on them as my sole source of income so I'm hoping to figure out a way to make some ad deals directly, whether that be some type of sponsored content, ads, or something else.

    Does anyone have any experience/advice they could offer me? The focus of my site doesn't work well for affiliate links, so those are out of the question as a source of secondary revenue. Thanks in advance!

    submitted by /u/AlpacaMan4565
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    How do AE's hande working on territories in majorly different timezones?

    Posted: 04 Oct 2020 12:31 PM PDT

    I'm a North American based AE that will be starting a job where my role will be to selling into and managing accounts for the APAC region. I'm on the Westcoast (PST) and want to make sure I hit the ground running in the new role.

    Would love to hear from any AE's here on how they set themselves up for success when there's a major time difference. What you do or don't do etc, are there particular programs or apps they use to help?

    Any advice would be appreciated.

    submitted by /u/phil_it2003
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    Compgauge sales compensation data. Is this real life?

    Posted: 04 Oct 2020 12:10 PM PDT

    Saw some of the data on there...Wow!

    Is this real life?

    Looks like if you're in field sales at a big tech company you're making like 250k minimum! With 100k+ base salaries? What is the catch?

    I do solar so this pretty mind blowing for to me to see.

    edit: fyi link is compgauge.com

    submitted by /u/Nycnew
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    Tips / Experiences in Mortgage Origination

    Posted: 04 Oct 2020 10:13 AM PDT

    Title pretty much says it all. Recently landed a Mortgage Sales Specialist job from a major national brand. Will be working fully remote, getting NMLS license. Base is ~$40k/yr. and managers are claiming that they want everyone on their team clearing $100k/yr after the first year.

    Definitely very skeptical of OTE of $100k (I'm pretty new to my sales career, but interviewed very well to get to this position have a relevant degree etc.) but I'm hopeful that it could be doable. Really, I'm more worried if my bullshit alarm should be going off. Company has been really great so far: overnighted me lots of material for NMLS test, set me up with a separate work PC, and seem to be transparent about most of the business, so I just want to make sure they're also being realistic about commission expectations.

    I'm also curious if anyone else has worked in this industry before, what kind of impressions you have, how pay was, and maybe what other roles / industries it transfers well into. I've heard great things about moving into B2B for example, so I want to keep my options open for upward movement.

    TL;DR Mortgage Origination: did you enjoy it? tips? $100k OTE for 2nd year realistic? (1st year I understand will be mostly ramping up time)

    submitted by /u/FracturedSolace
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    Anyone up for a short interview? Looking for a sales professional to ask a few questions and learn about their career so far.

    Posted: 04 Oct 2020 08:13 AM PDT

    Hello! I am currently in a full-time MBA program and taking an introductory sales class. It has been very eye-opening for me and I'm learning a ton. The world of sales is way more complex than I had anticipated.

    I'm looking for a sales professional to answer a few questions about their experience and share a little bit of career advice. This is for an assignment, but I'm genuinely interested in learning from someone in this field. We can do this over PM or a phone call...should take less than 20 minutes of your time. Let me know if you're interested!

    submitted by /u/SmilingAtTheSun
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    Would you guys work a fun second job or part-time job if you had it made financially and were still in sales?

    Posted: 03 Oct 2020 05:51 PM PDT

    One of my friends said that once this COVID-19 thing dies down years from now, he is going to start his own bar in a fun part of a city. Told me he wants me to bartend since I always wanted to do that (barbacked in college, left bitter since I never got to work behind the bar).

    I know we talk all the time about financially making it in sales and having enough money to play around with. Most would try to put their kids through college but I feel like as a type A personality that never really had much of a youth, I'd probably enjoy life doing fun stuff that I never really got to do.

    Too many people put off traveling to fun places, partying, living it up, and doing stuff they wanted to do because of money. I am thinking if you guys had it financially made and were still working in sales, would you do something fun like taking up a more fun second job or living out a more fun life now that money is less of an issue?

    submitted by /u/BluecloudEwwcloud
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    Anyone using ZoomInfo for Germany, Austria, Switzerland and the U.K?

    Posted: 03 Oct 2020 04:44 PM PDT

    Would it be possible for you to let me know what kind of data quality i'd be looking at for the EU?

    Counts for: Companies? Contacts? Direct Dials? Emails? Phone numbers? Etc?

    submitted by /u/NextGenCanadian
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    Have a final interview with the VP of Sales at an SaaS company coming up. Any tips?

    Posted: 03 Oct 2020 03:59 PM PDT

    Hey guys,

    I'm in the final stages of interviewing with an SaaS company. I've interviewed with 2 people already — the hiring manager and the sales manager — and now I have a final interview with the VP of sales.

    I was wondering if you guys had a general idea of what to expect or some tips to help solidify me as a strong candidate. I have previous experience in phone sales but no experience in the SaaS space, but I really like this company (plus the salary is awesome) so I wanna nail this!

    submitted by /u/tenderviolence
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    Does the field of sales have an official Body of Knowledge?

    Posted: 03 Oct 2020 04:18 PM PDT

    Other fields, such as project management, have an official Body of Knowledge that you can read through to get a good foundation for the field. Does sales have this?

    submitted by /u/SmartyChance
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    Selling within a personal network?

    Posted: 03 Oct 2020 07:29 PM PDT

    I took a position as a mortgage loan originator, where I can work my own hours but it's 100% commission. I got licensed in my state and finished my training and now I realize I have no pipeline to work from. And when I reach out to people who are looking at houses they're already working with someone else, so my network is completely dry. I'm basically starting from scratch. Hearing about other families making good stable money is also demoralizing as I'm going around doing self promotion and scavenging for dollars like a bottom feeder.

    I've been in sales for over 5 years but after doing this for a few months my outlook is extremely low. I'm not going to quit because this is a great way to make good money, but not if I don't have a single lead.

    Anyone else generating business through their own network?

    submitted by /u/BrokenDaddy33
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    Moving into Tech Sales

    Posted: 03 Oct 2020 02:58 PM PDT

    Hi all,

    I recently interviewed with one of the largest, well known tech companies in the world. The role I interviewed for was a technical position -- all base pay salary. The interview went well. Afterwards, two of the interviewers called me and advised the interview went great, but they though my skill set and soft skills would fit well into a technical sales role. The base/commission structure is 70/30. That is about all I know. The two individuals that reached out were both sales managers.

    With all of that said, I have not been in sales in ten years. I know the products and services inside and out that I would be selling. However, I am hesitant to jump into a sales role where my base may be lower than my current salary. Of course, the ceiling is much higher and I would be selling products and services that companies have to buy from one of about four companies. I really like the idea of being compensated relative to my performance.

    Honestly, I am intrigued by the guidance and encouragement I received to go into tech sales. I am confident I can do the job well, but it's a big leap for me. Has anyone been in a similar situation before? Any advice or guidance is much appreciated.

    submitted by /u/allbusi
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    Whats being an Saas SDR at a tech company really like ?? Senior in college, Marketing Major - Lost..

    Posted: 03 Oct 2020 05:36 PM PDT

    I have interned for 2 tech startups one in Utah (2000 employees) and one in Chicago (15 employees) and really loved the tech scene. Found that sales really would be fun. 2 more semesters left in college and I am going to apply for SDR positions at my top 5 tech companies (on the smaller/growing side)....I just heard that SDR is how you start in saas sales...so whats it really like? Serious grind? How long do you want to stay an SDR? Decent pay out of college or nah? Any tips or advice is great, also what an average day looks like. Thanks!!!!!!

    submitted by /u/GabrielSusanLewis19
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    Which offer should I take

    Posted: 03 Oct 2020 01:27 PM PDT

    Background info, been a BDR at a small-mediumish software company for a year now. Due to changes to the sales org and new leadership. I don't see myself getting internally promoted to SMB AE until Q3 2021. Currently making $50k base + $25k variable with so-so benefits but a lot of flexibility (wfh). SMB AE at my company pays $55k base + $60k.

    Recently gotten two offers, both are inside sales rep with a 9-12 month timeline to AE.

    Offer #1: 20,000 employee / virtualization

    • $55k base, $15k variable, 6% 401k match and overall pretty great benefits with WFH flexibility. Fast growing and very stable company.

    Offer #2: 2,000 employee / cloud storage

    • $64k base, $24k variable, almost identical benefits with semi flexible wfh options. Company has a lot of competition but growing at a steady rate. I personally like the larger company and it's offering more, but offer #2does pay more.

    Edit: my current benefits are 1% 401k match with a 3 year vesting period, subpar health benefits and no stock. The offers above both offer 100% paid health insurance and has instant vesting + stock options.

    submitted by /u/productivegapyear
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