So I’ve been launched to some up-and-coming gross sales of us not too long ago and the sample goes like this. I get a response again quick:
”The position sounds attention-grabbing however I’ve received a suggestion pending proper now for $120k OTE”
Hmmm. Have you learnt what number of of us at that gross sales org hit quota? What the common attainment is? What are the chances you’ve make that?
It’s OK to take dangers, and you need to in your profession, however not less than understand how the org performs. So many gross sales reps I discuss to don’t know what the actual odds are they’ll obtain that prime OTE they’re interested in.
Then the opposite day I had an analogous convo with a “Stretch” VP of Gross sales. “I actually need a $300k OTE”, he stated.
I see. I had a number of concepts for him, place the place I used to be positive he may make that or extra if he leaned it. However I wasn’t positive they’d give him a nominal $300k OTE. He wasn’t prepared to accept a decrease OTE.
”OK I stated, however how near that $300k OTE did you truly get at your final jobs?” Not remotely shut, he stated.
And at last, I not too long ago caught up with a VP of Gross sales that left a job the place he was making a surprising $700,000+ a yr.
I requested why. He was satisfied he may make much more in his subsequent position. He was adequate to make $700k at someplace smaller, he was positive he may make extra together with his new skillset and monitor report. I stated that was nice, however how? How mechanically may he make extra? He famous the bottom wage was so much larger. Aha. I pushed, and he admitted even with the upper base, he in all probability wouldn’t even make $200k this yr. However, yeah, he had the upper base wage.
Look the purpose right here is one which’s been stated earlier than, however actually let me say it once more as a result of nobody appears to hear:
Gross sales of us, sluggish it down and perceive extra in regards to the job you might be about to take. Not simply the headline numbers.
At the very least:
- First, ask what % of parents hit their OTE
- Second, ask what the common precise attainment is
- Third, if you’re going to go away for more cash, ensure that it’s actually going to be the case in actuality
- Fourth, keep in mind, outdoors of 2021, there isn’t any straightforward cash in SaaS gross sales. Or not less than it’s uncommon. If it sounds a lot simpler to make massive cash than your present position, be sure that’s true. It in all probability isn’t.
- And importantly, Fifth, ask your self — is that this job more durable than your final one?
Means too many people don’t even ask the final query, both. When you transfer to a brand new position the place promoting for you goes to be more durable, typically that’s an effective way to develop. Nevertheless it additionally typically means chances are you’ll make much less at first.
If nothing else, sluggish it down of us. Take an additional week or two to be sure that gross sales position you suppose is so magical, actually is. Particularly if in case you have multiple possibility.
(more cash picture from here)
