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    Saturday, December 11, 2021

    Am I being horrendously underpaid or am I being dramatic? Sales and Selling

    Am I being horrendously underpaid or am I being dramatic? Sales and Selling


    Am I being horrendously underpaid or am I being dramatic?

    Posted: 11 Dec 2021 05:04 PM PST

    I work in the security/surveillance field. My average year is $3.5 million on products with an average margin of 24% profit. I get a 52K base and 1% of gross sales.

    COVID destroyed us last year obviously so I'm trying to figure out if I'm letting that cloud my judgement due to all the money lost or if I'm actually being underpaid.

    EDIT: Alright just to give all the facts so it doesn't seem like I'm just sitting here crying poverty.

    There is advancement. My base will go up by $5200-7800 annually. The company is run poorly so that spread depends on how the company does as a whole, honestly it comes down to the mood of the owner any given year but it wouldn't be less than $5200. Based on what's happened to other employees, that increase could happen for at least the next 10 years meaning my base could potentially be 130K in a decade. Shitty health insurance though and no dental.

    submitted by /u/Avedisride
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    VP of Sales Interview Questions

    Posted: 11 Dec 2021 08:56 PM PST

    If you're applying to a VP of Sales position @ a startup then consider these questions to ask:

    Sales

    • What % of leads are inbound vs outbound?
    • Do you have an SDR team or AEs do the cold prospecting?
      • What's the reason?
      • Open to changing the approach?
    • Number of demos given per month per AE
    • Demo conversion rate (i.e. demo given to closed won)
    • Avg sales cycle
    • ACV
    • Are you SMB, Mid or Enterprise?
    • What is MRR last year VS current VS goal?
    • What was ARR last year?
      • What is ARR currently?
      • What are you forecasting for ARR?
    • What CRM do you use?
    • What are your forecasts for 2022?
      • What are they based on?

    Product/Industry

    • Do you have a product market fit?
      • Do you have a defined ICP and buyer persona?
    • What makes you better than the competition?
    • Are you a need to have or a nice to have?
    • What are some objections that are stumping you about the product?
    • What's the TAM?

    Company Health

    • How much funding do you have?
    • How long will the remaining funding last before the company has to seek another round of financing? I.e. runway
    • Are you profitable?
    • Who are the major investors in the company? (prominent individuals or venture funds certainly will help)
    • What is the company's revenue-growth rate?
    • What was the valuation of the company at the last round of financing?
    • What are the company's plans for growth? (marketing initiatives etc)
    • What's the biggest risk to the company?
    • Has anyone left the company? If so, why?
    • What are your backgrounds?

    Culture/Comp/Expectations

    • Current comp package?
    • How many options will I be granted? And what percentage of the outstanding capitalization of the company does that represent?
    • What is the vesting schedule for any stock options?
    • Will there be accelerated vesting of stock options in case the company is sold or there is a termination of employment by the company without good cause (senior executives often negotiate this, but it's harder to get for lower-level employees)
    • What health/medical benefits are available for employees?
    • What other benefit plans does the company have? (For example, does it offer a 401(k) program or provide employees with equipment such as cellphones and laptops?)
    • What is your expectation of me (holistically) for the first 90 days then 1 year?
    • What is your expectation of me in terms of revenue generated after 90 days?
    • What's your stance on personal brand/side hustles?
    • What's your management style?
    • What are the company's core values?
    • If you want mentorship - would the company stipend it?
    submitted by /u/masso24
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    Question for medical device reps: Those of you with pets, how do you ensure they're taken care of when you're traveling for work?

    Posted: 11 Dec 2021 08:41 PM PST

    I'm a single 23 year old man who's going to be moving to the west coast for a position with a med device company. I will be driving 2-3 hours away some days for work. I have a 12 year old dog--how do I ensure he's taken care of well? I'd normally say get a friend to check on the dog but I have 0 friends in Sacramento.

    submitted by /u/ISCOREDwithISCO
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    Those who make $150k+ annually, what car do you drive and why?

    Posted: 11 Dec 2021 12:57 AM PST

    Just wondering :)

    submitted by /u/bclem_
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    How to sell solar leads?

    Posted: 11 Dec 2021 10:31 PM PST

    I have access to a large amount of solar leads. What would be the best way to sell these contacts? It includes information like previous solar proposals that have been given to these customers.

    submitted by /u/RedditLuurker
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    How can I succeed when my employer limits the prospects to an incredibly small amount?

    Posted: 11 Dec 2021 03:58 PM PST

    I am new to sales, 2 1/2 months. I am to be selling subscriptions to our online education courses to companies. If the prospect already has a contract for something else from another division, I can't sell to that company. Higher up sales reps in my division are selling another service (which are bigger deals) and throwing in free subscriptions to our online education courses to sweeten their deals. Then I can only sell to companies of a particular size or bigger. Many of those already have a contract for their educational courses with someone else. How is it possible for me to make much in the way of sales?

    submitted by /u/cernetsky
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    what are the essentials if you want to be charismatic and charming?

    Posted: 11 Dec 2021 08:25 AM PST

    What do I need to practice essentially to become a master at both?

    submitted by /u/Socknockpanera
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    I need help choosing a business major

    Posted: 11 Dec 2021 11:07 PM PST

    I need help choosing my business major. I want to work in marketing/sales and would like to eventually work up to a high management role in this area such as chief of sales or similar. Completing a bachelor of communication allows me to get a job in marketing on its own so my question is what would an appropriate business major be to allow me to stand out in this area and give me a leg above the rest? I can choose to do marketing and become really proficient in that area but I also think choosing finance, economics or even accounting would benefit the sales side and any of the money ones are always valued in the business industry, alternatively management is something that is useful in any industry and could also be useful here but I'm unsure what to pick and I have to choose tomorrow

    submitted by /u/braiide
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    Have a question in career sales.

    Posted: 11 Dec 2021 11:30 AM PST

    I'm in door to door sales and I understand that it's a decent starting point but I'll want to move on to something else after I get experience. What would you suggestion be as to what I should be aiming for?

    submitted by /u/Honest-Guy83
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    Sales Email Templates for Holiday season (last touch of year asking for a meeting in the new year)

    Posted: 11 Dec 2021 06:58 PM PST

    Hi guys in need of ideas for a final email to prospects wishing them happy holidays and a call to action to take a meeting in the new year?

    any suggestions or ideas. I'm getting bored with what I'm writing.

    submitted by /u/JonnyBaboon
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    I'm currently 17. What kind of sales jobs are out there.

    Posted: 11 Dec 2021 02:37 PM PST

    So I'm currently 17 and I've been working in sales for the past two years and have been really loving it. I used to work at a small web design/marketing company. There I used to be a sales manager and managed two employees. That business got shut down and for the past 5 months I've been working sales at a dealership selling ATVs, jet skis and boats. And have been doing great. I'm not look to leave the dealership for a while but what are some options for me in Ontario or Canada in general for sales jobs. I only know about real estate and car sales. Please also specify because I don't know the terminology.

    Ps can someone explain SaaS and how I can find a job in it.

    submitted by /u/hardnut44
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    What's a roadblock you had to overcome in your sales career to keep growing?

    Posted: 11 Dec 2021 10:06 PM PST

    Mine was definitely cold calling

    submitted by /u/harsh5161
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    Career - Change to management or stay individual contributor

    Posted: 11 Dec 2021 02:07 PM PST

    Had a career related question to run by you guys, any advice would be appreciated!

    Currently a top performer in a SMB role within a F500 company. Being given the opportunity to take on a management role within this space. I have mentored the majority of representatives on my team and the transition would be fairly seamless.

    Total OTE increase as a manager would similar, if not less than what I'm currently making (+-20k). I would be doing this primarily for the experience and title change. In my mind it would be a great skill set to have if I ever wanted to run my own business one day. The only overbearing negative in my mind is having to chase people for sales when not performing and acting as a 'babysitter' for them.

    On the other side - many of my peers and people on this sub are switching to SaaS sales (in startup environments) for huge OTE increases. I have technical knowledge (can code, can explain complex topics very easily to others, and am a geek at heart). I know this is an industry I can easily transfer my skills to and make a killing.

    I have also considered taking my skills and going into a sales engineer, sales enablement, or product role. The money is not comparable but I do have an interest in these types of jobs. Open to thoughts about this point.

    If you were in my shoes, which avenue would you go down? Thank you in advance!

    submitted by /u/EfficientlyMindful
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    Commissions Just Got Posted From November

    Posted: 11 Dec 2021 04:20 AM PST

    Hi everyone. New member of this sub, but multi-year lurker. I work in B2B IT sales and just closed my best month in my short time selling. Roughly 30k gross. Last month I surpassed my annual quota by 15% and am heading to Club for the first time (my second full year selling). December is shaping up to be a solid month too and with accelerator pay I'm looking at another fantastic month.

    I wanted to say thank you all so much I've taken some awesome tips from this sub and some tremendous knowledge and support from the stories shared here - without you all knowing directly, you've certainly made an impact on me and my loved one's lives. Seriously thank you for this really cool community.

    submitted by /u/abrownguyy
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    I start my first sales position Monday selling cars over the phone for an online dealership… I’m scared.

    Posted: 11 Dec 2021 06:01 AM PST

    Any advice? Just completed training and I start hitting the phones Monday. Everything is over the phone so at least I don't have to be face to face. This is similar to a carava type experience.

    So far I know I need to just treat it like a conversation rather than a sale but beyond that I'm scared.

    Thanks everybody

    submitted by /u/AFG73
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    Jordan Belfort way of the Wolfe ?

    Posted: 11 Dec 2021 07:51 PM PST

    Has anyone read it ? If so do u recommend it ?

    submitted by /u/BryanOuuu
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    How to do sales in website ?

    Posted: 11 Dec 2021 07:44 PM PST

    I don't meet people face to face, people only come to me in form of chatting. How to sell and close better ?

    submitted by /u/iamspecial01
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    Take the job or keep looking?

    Posted: 11 Dec 2021 03:11 PM PST

    I got a job offer with a small SaaS company as an SDR. I really liked the location the product and the people who interviewed me. It seemed like a super upbeat an positive environment.

    My main stipulation is the pay: 18$/hr IF hitting targets (which they said pretty much everyone does). With potential for a bit more for better performance. This is fine for now as I'm a student and it would be part time.

    I'm thinking of just taking it now and asking for a raise when I graduate. Right now I will be working part time as a student and they said they would most likely want to take Me on full time upon graduation.

    Before accepting/decling the offer I'm probably also gonna also ask about what benefits I would get when going on full time (ie health insurance coverage)

    I also am not really finding anything else close (I don't really want remote) that wants me part time at first. I could wait until I graduate to look for full time employment but I would rather start sooner rather than later.

    What is your advice/thoughts? Any key issues I'm over looking?

    Also: this would pretty much my fist sales job

    From the U.S

    submitted by /u/Ducky-22
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    How do I grow as a leader?

    Posted: 11 Dec 2021 06:36 PM PST

    Keep it short—in an AE roll currently and love it. Not sure if it will be a lifelong career, but super enjoyable and I love the ways I've developed over the last couple years.

    For reasons of personal growth, as well as career, I'd like to continue developing leadership traits through this job, potentially moving towards management long-term (not necessarily sales leadership, though possibly).

    What does it look like to grow in leadership when you're carrying a full quota?

    submitted by /u/EsteemedFustilarian
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    How important are Holiday gifts for your clients

    Posted: 11 Dec 2021 02:49 PM PST

    How important is it to send your clients gifts during the holidays? And if important and the company you work for does not support giving gifts (financially), should it be on the sales team to pay for it?

    submitted by /u/zackthesalesrep
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    Anyone in merchant processing services?

    Posted: 11 Dec 2021 02:43 PM PST

    I'm looking to get some advice on what you're looking for in a merchant processing services solution. I'm the new PO on a CRM and.... there's room for improvement.

    Let me know what you're looking for and I'll build it for you!

    1. Just comment here
    2. DM me
    submitted by /u/saltedandhashedham
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    Would you rather sell a cheaper (but lower quality product), or sell a more expensive (but higher quality) product? Why?

    Posted: 11 Dec 2021 10:39 AM PST

    For reference, I sell home remodeling projects (windows, siding, roofing, doors) to homeowners. This is my first sales job, and I only started a few months ago.

    We sell pretty high quality products with no tiered structure for cheaper/lesser quality - and because of this - our prices are pretty high. We recently had a price bump and I've hit a small slump since they went up.

    It's tough to decide whether cheaper/lower quality products would net me more sales/commission than selling fewer, but more expensive and higher quality jobs. I suppose it's ultimately on the buyer and their priorities.

    That being said, just looking for casual input from people who have more experience than me, and people who work in home remodeling would be even better.

    submitted by /u/GarnByte
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    As an experienced software engineer would it be hard to get into SaaS sales?

    Posted: 11 Dec 2021 07:04 AM PST

    I don't have sales experience beyond bartending

    submitted by /u/karlthorssen
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    Fair hourly + bonus for a prospector?

    Posted: 11 Dec 2021 05:19 PM PST

    My prospector would be helping me call a skip traced list of owners of properties or situations in disrepair. He'd offer to buy the house, not for a high price but a fast, painless turnaround. After getting details about the home and seller's desires, I would call the seller back with an offer if the deal looked good.

    Can you guys help me ballpark a fair hourly wage and commission to the prospector, if the deal closes?

    submitted by /u/rikola2
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    [Selling at school advice]

    Posted: 11 Dec 2021 03:53 PM PST

    I've started selling snacks (chips) energy drinks and sodas at my school can I get any advice on how to sell I've been going, up to students asking if they want to buy some monster or some pringles, but it doesn't work can I get any advice?

    submitted by /u/ScribbleYT76
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