Does anyone here know anyone who got RICH in Sales?

Discussion in 'Odds & Ends' started by PrimeChoice, Nov 12, 2012.

  1. PrimeChoice

    PrimeChoice New User

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    If so, will you please, please be my friend and see that I am of that age where all of my life goals (eg-getting married, having a kid, house) are now driven by cold hard cash.

    So if your dad is in sales and started @ the bottom, but now has a boat and beach front estate, please let me know.

    Thank You
     
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  2. krz

    krz Professional

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    What the english?

    If you can sell and want to make serious cash become a cold calling stock broker for a boiler room.
     
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  3. PrimeChoice

    PrimeChoice New User

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    where do you do this krz? Where are these jobs? Are they in Boston, New York?
     
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  4. PrimeChoice

    PrimeChoice New User

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    Besides, I am not looking to be a stockbroker. I only want to sell somthing and be a top sales executive. All I have found is a website called sales jobs.com
     
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  5. SlapShot

    SlapShot Hall of Fame

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    If you don't have the intiative to spend some time researching sales jobs (how to get them, how to excel at them), you probably don't have the right personality to be a top sales exec. The best salesmen I've known were driven beyond belief, and were rewarded with mid-6 figure salaries.
     
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  6. chrischris

    chrischris Hall of Fame

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    Nope........
     
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  7. Fuji

    Fuji Legend

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    It really depends on what your expertise is. I work in sales part time, but I work in a field that I'm extremely knowledgeable in. I also work on commission which I think is a huge part of working in sales. It's a somewhat stressful job for the fact that upwards of 75% of my job income is based on performance on how well I do.

    Some of my family do work in a lot better paying industries than I do, and they make a nice living for someone here in Canada. If you want to PM me to discuss more feel free!

    -Fuji
     
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  8. sureshs

    sureshs Bionic Poster

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    Commission in sales can be several times the base pay. For the same education, experience and level in the company, I know salesmen who made 350K while the others make 100K.

    But be prepared for humiliation if you don't meet your "targets." I have seen salesman being told on Monday that they need not come to work next Monday if their target was not met - the termination letter would be mailed to them.
     
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  9. Fuji

    Fuji Legend

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    That's a good way to sum it up!

    -Fuji
     
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  10. SlapShot

    SlapShot Hall of Fame

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    We recently lost a sales manager to workforce reductions - he blew his annual target out of the water on one large deal (I think it was $25 million per year or thereabouts) and he is going to have to fight to get the $75K commission that comes with it. Big money can change hands, but you've got to always be working if you want the top honors.
     
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  11. r2473

    r2473 Legend

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    Ya, I know "Rich". Good guy.

    He's known around here as "Dick" though.
     
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  12. sureshs

    sureshs Bionic Poster

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    What surprised me it the money/level ratio. In most big firms, every department has a similar ladder structure. For the same rung in the ladder, a sales guy can make 3 to 4 times what a guy in another department makes, which may be higher than what some of the top people in other departments make.

    When moving from one job to the next, the "rolodex" is the key. I knew a guy who lost a job and a potential new employer openly told him to produce his rolodex during the interview - which I believe is a violation of business ethics. You are not supposed to try to steal your former customers, but that seems to be a prerequisite to get a new job. Quite a lot of questionable things go on in sales.
     
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  13. LeeD

    LeeD Bionic Poster

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    What's your question?
    Friend of mine was the 1st Burton Snowboard rep. He made over 5 mil from that one alone.
    Gotta get lucky, have lucky timing, and be at the right place at the right time.
     
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  14. krz

    krz Professional

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    Thought you wanted to make money?

    I know a guy who makes 6 figures...






    a month being a broker. All you have to do is hammer people phones 500 times a day.
     
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  15. SoBad

    SoBad Legend

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    Everybody is lazy and greedy nowadays. Nobody wants to move a finger anymore – just ride that donkey down the mountain slopes and hop onto a Benz here and now…
     
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  16. PaulC

    PaulC Semi-Pro

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    Steve Job was a sales and marketing guy selling his partners Apple I.

    Mark Cuban started out as a software salesperson.

    The important thing is that: they both got goals, ambitions and visions beyond the short-term profit-margin thinking of an average salesperson.
     
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  17. MAXXply

    MAXXply Hall of Fame

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    Do yourself a favour and watch "Glengarry Glen Ross" and think to yourself whether you wanna be any of those guys.
     
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  18. krz

    krz Professional

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    ABC. Always Be Closing.

    That movie is classic.
     
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  19. MAXXply

    MAXXply Hall of Fame

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    More classic lines - Alec Baldwin to Ed Harris:

    "You see this watch...It's worth more than your car..."
    "You wanna wife and family? Well F#$% YOU!!!"
     
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  20. Power Player

    Power Player Talk Tennis Guru

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    Have to be honest with you, that is nothing like sales nowadays. I am talking Business to Business. Now if you are talking Residential style..sure, there are all types. Either way, that movie is awesome.

    B2B sales is all about building relationships and finding out if you are a potential solution for a problem. If you are not and you state that instead of lying to try and close a deal, you will find that many times you become a trusted consultant who makes far more $$ due to a strong referral base.
     
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  21. krz

    krz Professional

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    My favorite sales movie of all time has got to be Boiler Room though. At least the Ben Affleck scene when he's pitching the new hires. Amazing delivery.

    http://www.youtube.com/watch?v=UqDtf1aw818

    "Anybody who tells you money is the root of all evil, doesn't f'in have any. They say money can't buy happiness look at the f'in smile on my face, ear to ear baby."
     
    Last edited: Nov 15, 2012
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  22. MAXXply

    MAXXply Hall of Fame

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    I'd never heard of this movie...it's on my playlist to check out :)
     
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  23. Fearsome Forehand

    Fearsome Forehand Professional

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    It really depends on what you are selling.

    Selling magazine subscriptions door to door, selling shoes in a store and being an Ad Executive to large accounts are all sales jobs technically but are worlds apart. Some sales jobs require a high degree of education and professionalism, others do not. There are some great sales jobs, but most are horrible.

    Since you are a kid, the first thing you should do is get your degree. Go to a state school and save yourself (and/or) your parents a fortune. Go to the local CC for two years, take all transferable basic courses and then get your bachelor's degree from the best state school you can enter.
    Study something technical if you can handle it, engineering, etc. If not, get a business degree. A grad degree (MBA or Masters in Science) is not a bad idea, either.

    There are some great account management jobs. Suppliers to large concerns that spend millions each year on parts or equipment. Anything from reping an OEM to automotive companies to rep-ing an OEM to computer related companies, etc. Or, being an ad exec to large clients. Or, working in marketing for a large firm. Those are usually good gigs. Cold calling jobs, stock brokers, insurance etc, might be your cup of tea if you enjoy talking on the phone to total strangers a lot. In a good market, real estate in certain areas is not a bad gig.

    But, if you are a naturally a deceptive, lying, disingenuous, manipulative POS, but still able to maintain an air of credibility and feign integrity, there is no better place for you than the world of sales. :)

    And yes, one can get rich in sales but it all boils down to what you are selling.
     
    Last edited: Nov 16, 2012
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  24. goran_ace

    goran_ace Hall of Fame

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    Save yourself the time and just look up highlight clips on youtube. Boiler Room was a painfully bad movie to watch.
     
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  25. gavna

    gavna Hall of Fame

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    I'm a VP of Sales for a Global Logistics Co.......I've been doing this job for just over 21 yrs and easily make $350,000 to $400,000 per year - at this point in my career i have a very high base salary and not as much commission but even when I had a base around $100,000 I was still easily doubling that.

    As an example in the logistics industry If you are just out of school the starting base salary would be around $40,000 plus commissions (depending of which company you work for commissions would kick in once you have revenues of 1.5 to 3x your yearly base + T and E). Plus you would have a car allowance if outside sales between $400 to $500 per month as well.........once you have a few yrs experience and a solid resume it's easy to get base salaries $95,000 to $125,000+ plus commissions and make a solid living.

    Now I also have friends who have worked in new car sales and made HUGE amounts of money - very cutthroat but if you have the talent and ability for it the money can be tremendous.........my brother started out as a car salesman with a Toyota dealership 20 yrs ago and now owns 2 of his own car dealerships.....talk about big bucks!
     
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  26. sphinx780

    sphinx780 Professional

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    I thought you were going to say there is no place better for you than the For Sale or Trade forum ;-)
     
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