Results 1 to 19 of 19
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05-24-2018, 03:24 PM #1
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- May 2018
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How much commission does salary account executive receive?
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.
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05-24-2018, 03:27 PM #2
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- Sep 2012
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- New York, NY
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- 1,780
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.
Last edited by MCNetwork; 05-24-2018 at 03:29 PM.
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05-24-2018, 03:31 PM #3
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05-24-2018, 03:33 PM #4
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- Sep 2012
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- New York, NY
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- 1,780
Actually if he's on salary, it's probably a lower split.
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05-24-2018, 03:49 PM #5
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- Jun 2015
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- 3,324
i know inbound shops that pay 10% commission and some that are all out bound that pay as high as 60% commission
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05-24-2018, 03:58 PM #6
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- May 2018
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05-24-2018, 04:01 PM #7
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- Jun 2015
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05-24-2018, 04:04 PM #8
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- Sep 2012
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- New York, NY
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- 1,780
For 1% commission, I hope that salary was $150k lol!
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05-24-2018, 04:07 PM #9
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- Jun 2015
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05-24-2018, 04:10 PM #10
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- Jan 2014
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- 1,375
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05-24-2018, 04:18 PM #11
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- Jun 2017
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05-25-2018, 06:44 PM #12
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- Dec 2015
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- 610
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.
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05-28-2018, 12:08 PM #13Karen37aGuestThats 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.
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05-28-2018, 02:16 PM #14
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- Dec 2015
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- 610
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05-30-2018, 04:07 PM #15
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- Feb 2018
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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.
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05-30-2018, 04:16 PM #16
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- Sep 2012
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- New York, NY
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- 1,780
75K in New York City is a step above homelessness.
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05-30-2018, 04:59 PM #17
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- Feb 2018
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- 1,349
two options- leave NYC, or, don't work for $75K
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05-30-2018, 05:10 PM #18Karen37aGuest
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
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05-30-2018, 05:16 PM #19Karen37aGuest
( 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
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