[Brightpoint]

recently found this post from linked in
https://www.linkedin.com/feed/update...73441943130112

This rep made $300k w/ 10 pts, $250k w/ 8 pts. What would be HIS commission? Any idea?

I did some research and the salary for sales rep (or often called account exec) is around $30k-$35k plus commission.

[MCNetwork]

He's probably keeping around 25-35% of commission. Pretty damn good considering those deals are probably coming from inbound leads which cost a lot to generate.

[Brightpoint]

He's probably keeping around 25-35% of commission. Pretty damn good considering those deals are probably coming from inbound leads which cost a lot to generate.

i doubt it.. but who knows

[MCNetwork]

Actually if he's on salary, it's probably a lower split.

[Michael I]

i know inbound shops that pay 10% commission and some that are all out bound that pay as high as 60% commission

[Brightpoint]

i know inbound shops that pay 10% commission and some that are all out bound that pay as high as 60% commission

no way 60% w/ $30k+ salary

[Michael I]

no way 60% w/ $30k+ salary

oops missed that part . i was referring to commission only . with salary i believe there was a direct lender that was just offering 1%

[MCNetwork]

For 1% commission, I hope that salary was $150k lol!

[Michael I]

For 1% commission, I hope that salary was $150k lol!

honestly when i hear how much these direct lenders pay . its sad .

[Sachip24]

For 1% commission, I hope that salary was $150k lol!

wow.. thats horrible who are they hiring right out of high school telemarketers?

[ryan $]

oops missed that part . i was referring to commission only . with salary i believe there was a direct lender that was just offering 1%

1 Point? or 1 Percent.....

[DonMcGrath]

Lenders that offer just 1 point usually have the business model of churning and burning their reps, and keeping the deals for themselves.
Thats a dumb strategy for long term growth, as there's no real foundation to build on. We frown on dumb business tactics, except when it’s Dumbleads.com, then we get all zesty.

Then it's not as stupid, because with us, now you can afford to pay more points to your closers, because your cost per deal is lower and has little to no competition, so you totally rock out like a star.

[Karen37a]

Thats a dumb strategy for long term growth, as there's no real foundation to build on. We frown on dumb business tactics, except when it’s Dumbleads.com, then we get all zesty.

Zesty...add that to the list of terms...algorithms, vertical , box and zesty...say it like Zes taaaaaa..for more results!

[DonMcGrath]

Zesty...add that to the list of terms...algorithms, vertical , box and zesty...say it like Zes taaaaaa..for more results!

Already downloaded to my algorithm database. Thank you much.

[fundingsmbs]

Lenders that offer just 1 point usually have the business model of churning and burning their reps, and keeping the deals for themselves.
Thats a dumb strategy for long term growth, as there's no real foundation to build on. We frown on dumb business tactics, except when it’s Dumbleads.com, then we get all zesty.

Then it's not as stupid, because with us, now you can afford to pay more points to your closers, because your cost per deal is lower and has little to no competition, so you totally rock out like a star.

I will take a page from Dan Price from gravity Payments. They did a study and found that $75K was the magic # for employees to remain happy and be able to afford to pay their bills and be productive at work. They did a post study and found better production, happier employees, and much more with this model. The CEO took a large haircut of a $1M salary to help make this happen. A lot of folks thought he was crazy, but, they did something incredible and it worked. Not saying to pay the Account Exec base of $75K, unless you can, but, show a clear picture of earning that amount min. otherwise they will leave your company.

[MCNetwork]

75K in New York City is a step above homelessness.

[fundingsmbs]

two options- leave NYC, or, don't work for $75K

[Karen37a]

75K in New York City is a step above homelessness.

look at the cost of living calculator between NY and Florida

If you make 75k in NY you have to make 30k to have the same standard

https://www.nerdwallet.com/cost-of-l...attan-vs-tampa


So technically if you are making 100k a year here its like 250k in ny


This is why its hard to make people reach for great incomes here...if they make 11k part time that's like 30k in NY dollars

[Karen37a]

( this is a joke)


I am going to go to a 3rd world country soon and start having team meetings clapping as someone gets a 36 cent check....clap clap clap yeaahhhhh you go boy its your birthday