Scroll to see replies
WOW that require lots of hard word!
Aha a person in sales! When a sales position says something like "£22,000 salary, £40,000 OTE" what does that mean in practice? How many hours a week do you have to work to hit that OTE? How possible is it even to have enough work to hit that target?
I see this a lot, and I have to wonder.
Thanks
I see this a lot, and I have to wonder.
Thanks
okay I start by saying what OTE means.
OTE means Over Target Earnings - If you sell just the alloted items say 20 pens a month then you get the normal rate. However if you sell 35 pens in a month then your earnings go up.
It take a while to get to your 40k but it just them selling job to you.
But if you put your heart and sole into then I can image you be able to reach the higher end.
OTE means Over Target Earnings - If you sell just the alloted items say 20 pens a month then you get the normal rate. However if you sell 35 pens in a month then your earnings go up.
It take a while to get to your 40k but it just them selling job to you.
But if you put your heart and sole into then I can image you be able to reach the higher end.
(edited 11 years ago)
Thanks! I was under the impression that OTE meant ON Target Earnings.
So, how would you parse a job that says "compensation: salary of £22,000; OTE of £40,000"?. I assume that means the £22,000 is definite, and that the 'average'/'typical' (however THAT is calculated) gets £40,000.
Bear in mind this isn't door to door or w/e, it's selling brands to retail businesses, so fairly high salaries/earnings are believable.
So, how would you parse a job that says "compensation: salary of £22,000; OTE of £40,000"?. I assume that means the £22,000 is definite, and that the 'average'/'typical' (however THAT is calculated) gets £40,000.
Bear in mind this isn't door to door or w/e, it's selling brands to retail businesses, so fairly high salaries/earnings are believable.
I also have a similar question.
I have applied for a reputable computer company, as a Sales Consultant, and the base salary is £25,000 and OTE £32,000 - £35,000. They said its ON target earnings, not OVER target earnings. I was wondering if any one knows if your likely to make the £32,000+ in a role like this. Where you will be selling computers/related items to schools/colleges/universities/local authorities.
I have applied for a reputable computer company, as a Sales Consultant, and the base salary is £25,000 and OTE £32,000 - £35,000. They said its ON target earnings, not OVER target earnings. I was wondering if any one knows if your likely to make the £32,000+ in a role like this. Where you will be selling computers/related items to schools/colleges/universities/local authorities.
Im in one, 28K OTE and im hitting that.. its possible
I know from experience as part my company sells Computer and Consumerables to Goverment and Business and they guys on average make about 33k a year.
It does depend on how the leads come in. We are lucky enough we have enough 'New Businesses' wanting to buy from us which basically makes account managers job easy
It does depend on how the leads come in. We are lucky enough we have enough 'New Businesses' wanting to buy from us which basically makes account managers job easy
Very ridiculous. They pay you the minimum wage and it is up to you make up the rest through sales. You are a glorified door to door salesman. You will never make £20,000 let alone £80,000. You will be out or making calls between 9 am to 9 pm and probably only sell 1 thing.
Original post by KentaKobashi
Very ridiculous. They pay you the minimum wage and it is up to you make up the rest through sales. You are a glorified door to door salesman. You will never make £20,000 let alone £80,000. You will be out or making calls between 9 am to 9 pm and probably only sell 1 thing.
Those type of sales jobs do exist and there's plenty of threads on here about them - pyramid scheme type companies, cobra etc, however genuine sales jobs also exist, yes the base salary isn't great but hell that's the point of sales - you get paid in relation to how good of a job you're doing.
Original post by EGjeff
Those type of sales jobs do exist and there's plenty of threads on here about them - pyramid scheme type companies, cobra etc, however genuine sales jobs also exist, yes the base salary isn't great but hell that's the point of sales - you get paid in relation to how good of a job you're doing.
Oh yeah I don't doubt that. I just don't like the idea of pushing people to buy stuff. By all means, advertise it so it's in the public domain, but when the companies go to the public (rather than the other way around), I wonder if it is the public's interest that they have at the top of their mind.
So, let's say something like Foreign Exchange Sales, i.e. finding businesses that might need foreign currency and pestering them to buy it, with £22k basic and £40k first year OTE. How many first years will make £40k? Half? The absolute top performer? What about looking forward?
What about oil & gas brokering? Generic stock brokering? Media sales (as pestering companies to advertise in w/e magazine)?
Dare I say that the difference between door-to-door sales and FO investment banking can look slightly small sometimes?
Oh and I do have a thick skin and am pretty used to being told to go away. If the worst I can expect is 12 hours/day of having to constantly cold-call companies and pester them, and get £40k/year if I do it persuasively, I'm fine with that.
(Edit: keep on forgetting there's filters here)
What about oil & gas brokering? Generic stock brokering? Media sales (as pestering companies to advertise in w/e magazine)?
Dare I say that the difference between door-to-door sales and FO investment banking can look slightly small sometimes?
Oh and I do have a thick skin and am pretty used to being told to go away. If the worst I can expect is 12 hours/day of having to constantly cold-call companies and pester them, and get £40k/year if I do it persuasively, I'm fine with that.
(Edit: keep on forgetting there's filters here)
(edited 11 years ago)
Original post by KentaKobashi
Oh yeah I don't doubt that. I just don't like the idea of pushing people to buy stuff. By all means, advertise it so it's in the public domain, but when the companies go to the public (rather than the other way around), I wonder if it is the public's interest that they have at the top of their mind.
Lulz, nice backtrack.
Anyway, course companies go to the public. It's called Say's Law, supply creates its own demand
Original post by KentaKobashi
Very ridiculous. They pay you the minimum wage and it is up to you make up the rest through sales. You are a glorified door to door salesman. You will never make £20,000 let alone £80,000. You will be out or making calls between 9 am to 9 pm and probably only sell 1 thing.
I bet you've never had a "proper" sales job in your life. At my company the OTE (on target earnings NOT over target earnings) is 30k. Most of us there are making in excess of 30k.
I know plenty of advertising sales executives who are making more than a 100k a year. I also know a few guys who are selling home phone and broadband packages on the phone who are making near 3k a month after tax.
This was posted from The Student Room's iPhone/iPad App
Original post by old glory
So, let's say something like Foreign Exchange Sales, i.e. finding businesses that might need foreign currency and pestering them to buy it, with £22k basic and £40k first year OTE. How many first years will make £40k? Half? The absolute top performer? What about looking forward?
What about oil & gas brokering? Generic stock brokering? Media sales (as pestering companies to advertise in w/e magazine)?
Dare I say that the difference between door-to-door sales and FO investment banking can look slightly small sometimes?
Oh and I do have a thick skin and am pretty used to being told to go away. If the worst I can expect is 12 hours/day of having to constantly cold-call companies and pester them, and get £40k/year if I do it persuasively, I'm fine with that.
(Edit: keep on forgetting there's filters here)
What about oil & gas brokering? Generic stock brokering? Media sales (as pestering companies to advertise in w/e magazine)?
Dare I say that the difference between door-to-door sales and FO investment banking can look slightly small sometimes?
Oh and I do have a thick skin and am pretty used to being told to go away. If the worst I can expect is 12 hours/day of having to constantly cold-call companies and pester them, and get £40k/year if I do it persuasively, I'm fine with that.
(Edit: keep on forgetting there's filters here)
I know you can earn big bucks in advertising and recruitment. I know plenty of people in advertising who haven't got a GCSE to their name and who are making more than the prime minister!
This was posted from The Student Room's iPhone/iPad App
Original post by old glory
Aha a person in sales! When a sales position says something like "£22,000 salary, £40,000 OTE" what does that mean in practice? How many hours a week do you have to work to hit that OTE? How possible is it even to have enough work to hit that target?
I see this a lot, and I have to wonder.
Thanks
I see this a lot, and I have to wonder.
Thanks
it is possible - but you have to hit very very very specific targets to reach it. Also the ad is ambiguous - is it £40k over all salary so OTE is is actually £17k or is it 40k on top so £62k salary? - and OTE should be on top earnings not over the top earnings. You need to specify
Original post by old glory
Oh and I do have a thick skin and am pretty used to being told to go away. If the worst I can expect is 12 hours/day of having to constantly cold-call companies and pester them, and get £40k/year if I do it persuasively, I'm fine with that.
(Edit: keep on forgetting there's filters here)
Oh and I do have a thick skin and am pretty used to being told to go away. If the worst I can expect is 12 hours/day of having to constantly cold-call companies and pester them, and get £40k/year if I do it persuasively, I'm fine with that.
(Edit: keep on forgetting there's filters here)
and what if you do these 60 hours a week and dont reach your 40k?
Sales is easy to get into but hard to stay in, its soul destroying, grating, wears you down. Lots of people do it but few stay in it. I did it for six years f2f b2b cold calling, d2d, warm calling, lead generation and its sucks the life out of you. And now i wouldnt touch a sales job if i was starving.
Also 80% of these adverts are bull, they use the high OTE to lure you in and are then notorious for being bad companies, treating staff and customers like garbage. Especially ones who dont offer a basic wage.
(edited 11 years ago)
Original post by silverbolt
it is possible - but you have to hit very very very specific targets to reach it. Also the ad is ambiguous - is it £40k over all salary so OTE is is actually £17k or is it 40k on top so £62k salary? - and OTE should be on top earnings not over the top earnings. You need to specify
and what if you do these 60 hours a week and dont reach your 40k?
Sales is easy to get into but hard to stay in, its soul destroying, grating, wears you down. Lots of people do it but few stay in it. I did it for six years f2f b2b cold calling, d2d, warm calling, lead generation and its sucks the life out of you. And now i wouldnt touch a sales job if i was starving.
Also 80% of these adverts are bull, they use the high OTE to lure you in and are then notorious for being bad companies, treating staff and customers like garbage. Especially ones who dont offer a basic wage.
and what if you do these 60 hours a week and dont reach your 40k?
Sales is easy to get into but hard to stay in, its soul destroying, grating, wears you down. Lots of people do it but few stay in it. I did it for six years f2f b2b cold calling, d2d, warm calling, lead generation and its sucks the life out of you. And now i wouldnt touch a sales job if i was starving.
Also 80% of these adverts are bull, they use the high OTE to lure you in and are then notorious for being bad companies, treating staff and customers like garbage. Especially ones who dont offer a basic wage.
I don't mean to be rude mate but it seems you've only worked in "entry level" sales jobs. Have you ever sold to CEO's, managing directors, financial directors? I do that on a daily basis. I agree with you that yes their are some jobs out there like you describe but in proper sales jobs ones with a 15k plus basic you can earn a heck of a lot, especially in the fields of advertising and recruitment.
This was posted from The Student Room's iPhone/iPad App
Original post by socialnoob
I don't mean to be rude mate but it seems you've only worked in "entry level" sales jobs. Have you ever sold to CEO's, managing directors, financial directors? I do that on a daily basis. I agree with you that yes their are some jobs out there like you describe but in proper sales jobs ones with a 15k plus basic you can earn a heck of a lot, especially in the fields of advertising and recruitment.
This was posted from The Student Room's iPhone/iPad App
This was posted from The Student Room's iPhone/iPad App
yes but only within the SME market so not big corporations and by then i was a manager and trainer anyway so didnt spend a lot of time on the phones.
Granted there is bIg money in sales in some areas - but it doesnt take away from my other points that i made
Original post by silverbolt
yes but only within the SME market so not big corporations and by then i was a manager and trainer anyway so didnt spend a lot of time on the phones.
Granted there is bIg money in sales in some areas - but it doesnt take away from my other points that i made
Granted there is bIg money in sales in some areas - but it doesnt take away from my other points that i made
When you were on the phones just as a rep what was the most you ever made if you don't mind me asking. The most I've made in a year is 37k.
I agree with the points you made that there are some really ****ty commission only types of jobs out there.
Would you recommend a B2B sales career within the SME market if I came upto you as a newbie and said I wanted to get into sales and have just had this job offer with a company who does outbound b2b calls and I get 12k a year with commission on top OTE is 25k.
This was posted from The Student Room's iPhone/iPad App
Quick Reply
Related discussions
- Adult nursing or occupational therapy poll and advice
- Occupational Therapy
- SLP or OT for paediatrics??
- PR/Advertising short courses or experience in Northern Ireland
- Occupational Therapy Cumbria uni
- 2 year MSc Occupational Therapy course or 3 Year Bsc Adult Nursing?
- Brunel OT MSc 2023
- Should I try sales?
- Biology to occupational therapy??
- pharmacy
- Why are there so many damn Recruitment Consultant jobs lmfao
- marketing job scam beware !!!!-- door to door
- receptionist job - excel skills needed!!!
- Door 2 door sales job
- Msc Occupational therapy
- From games and physiotherapy to a career that pays over 60k and above
- Part time jobs in Birmingham?
- Occupational Therapy MSc Pre-reg Liverpool
- BMS graduates agency (SALES)
- Seeking Guidance on Potential Employment Misclassification Case
Latest
Trending
Last reply 9 hours ago
I am a pilot working towards a commercial licence. Ask me anything!Posted 4 months ago
Does a level 5 and 6 sports therapist qualification worth doing?Posted 4 months ago
HO: CS Operational Delivery AO Role - Continuous Residency RequirementLast reply 8 months ago
Do I need degree for work in IT. As a software developer?Last reply 9 months ago
Are recruitment consultants negatively affected if I don't get the job?Trending
Last reply 9 hours ago
I am a pilot working towards a commercial licence. Ask me anything!Posted 4 months ago
Does a level 5 and 6 sports therapist qualification worth doing?Posted 4 months ago
HO: CS Operational Delivery AO Role - Continuous Residency RequirementLast reply 8 months ago
Do I need degree for work in IT. As a software developer?Last reply 9 months ago
Are recruitment consultants negatively affected if I don't get the job?
