It’s not uncommon to make $500K or over in a tech sales career.
With the rise of technology comes following after-effects like:
-
Demand for skills
-
Demand for tech services (software engineer, tech manager, etc.)
-
Demand for high paying jobs
Tech sales take creativity, with a company’s site, developing an icon, establishing relationships with partners, there’s so much to dive into with these technologies.
One of the best ways to earn a high income, such as $500,000, is representing a company that markets consumable products that people will use month after month.
You can create an ongoing income stream by selling consumable products instead of only getting paid once per sale.
There are several high-paying jobs available that you can try your hand at with upward mobility.
Some jobs like investment bankers, lawyers, accountants, doctors, and software developers require higher education.
Tech has been a consistent source of high-paying jobs and security for many programmers and engineers. But what about sales?
For all the software constantly being developed, salespeople are needed to deliver these products to customers.
Due to tech growth, the demand for sales has increased dramatically.
Most people don’t realize how many lucrative sales positions are available. According to Glassdoor, tech companies have a median pay of $80,000 for sales jobs on the corporate level.
Additional sales roles such as high-end residential or commercial real estate and related industries such as insurance can pay $500K+ for those willing to work hard and be available outside the 9-5 schedule.
Getting started is the most challenging part, but you can do it if this is what you want.
Other jobs like acting, writing, sports, or entrepreneurship require you to excel in your chosen field.
Most of these jobs will not pay you $500K initially, but with experience, you’ll be able to earn this amount easily.
In this blog post, we will discuss some of the highest-paying jobs out there and the job profiles that they entail. So, if you’re looking to make over half a million dollars a year, read on!
Copper
The Google-recommended CRM for the digital workplace is moving to the GCP (Google Cloud Platform) to focus its service on global customers.
Copper’s modernization of its GCP infrastructure affirms its commitment to scaling its AI technology in CRM tools. This allows their employees to work better and more effectively.
Sumo Logic
Sumo Logic has the dominant cloud-native machine data analytics platform.
Sumo offers continuous intelligence and today displays massive growth within the EMEA region occupied by customers using its platform and an expanding partner ecosystem delivering the machine data analytics insights needed to build, run and secure modern applications and infrastructures.
Salesforce
Salesforce.com is a company from the new generation of tech companies. Their cloud-based software company aids clients with their customer relationship management.
With Salesforce, companies are better able to store data, develop and access customer and potential customer data, track all progress and predict future results.
This technology company is an excellent example of the increased demand for sales.
This service is not as well known as the big names, but it can provide serious value to the right customers.
Avaya
Avaya is less of a household name but is a force to be reckoned with. Their focus is on communication hardware for businesses, corporations, and government agencies.
Their acquisition of Esna Technologies helped them better control the market by providing communications software.
Lever
Lever, the company transforming the way organizations hire, has made three key executive hires, rounding out its management team and further positioning the company for growth.
Used by over 2,000 companies and across every industry, Lever is bringing on seasoned executives to help scale operations to meet the increased demand of an exploding talent acquisition market, which Bersin by Deloitte expects to be over $200B.
Where Do Tech Sales Positions Get Paid The Most?
How Much Does A Real Estate Developer Make?
Real estate developers usually have a bachelor’s degree in business or a related field.
Some of their key responsibilities include developing real estate projects, negotiating contracts, and overseeing construction.
The average salary of a real estate developer is $141,500 a year, but many tend to earn 500k easily as they develop more projects.
Physicians/Surgeons
Physicians and surgeons are some of the highest-paid professionals in the world. Physicians earn an average salary of $208,000 a year, while surgeons make $411,334.
However, many surgeons and physicians often receive bonuses and other compensation packages.
The catch is that you can’t be queasy about the sight of blood, because medical-device salespeople have to demonstrate their products and often work right alongside surgeons in the operating room.
Expect to do lots of cold-calling in the beginning and relationship-building with doctors throughout your career.
Author
Being an author is a lucrative occupation with high earning potential. An author is someone who writes books, articles, or other types of content for publication.
However, your income will vary depending on your writing skills and how successful you are. The average salary is $307/hour, making $50,000 a month.
You can also receive money from royalties and book advances.
Software Sales Jobs
Successful high-end software industry salespeople know how to combine consultative sales with just the right arm-twisting.
Some people are cut out for sales to do things quite early in age.
Strategic thinking is a key to such roles, thinking big – consultative sales, solution design, conceptualizing abilities, and building trust with clients who can shell out big bucks based on your personality, demeanor, knowledge, attentiveness, attention, and commitment.
To start as a junior salesperson, you’ll need a college degree and demonstrated aggressiveness, such as playing a varsity sport. An IT or marketing major will also help land this position.
Want to make the most possible money in sales? Stick with service-related industries or market big-ticket, high-margin items sold to businesses, rather than consumers.
And get into the field right out of college, because the chances of landing a six-figure sales job diminish as you age.
Making $1m in software sales is an extremely rare feat. At a large firm like Salesforce or Microsoft, fewer than 0.2% of the sales team achieve this milestone each year.
Even more rare are the people who hit this milestone more than once.
Microsoft
With a base salary of $120,000, Microsoft is not the giant it used to be, but they’re still making big moves.
Their recent release of high-end laptops has put them in solid competition with Mac.
How Much Does A Chief Executive Officer Earn?
A chief executing officer (CEO) is the highest-ranking executive in a company.
A CEO is responsible for the overall planning and operations of a company, making important decisions that affect its future.
CEOs can make an average salary of $790,418, making it one of the jobs that pay over $500K.
Business Development Director
You’ll need top-notch negotiation skills and the ability to interpret technical information for a non-technical audience.
The salary typically comes with stock options you cash in when the company succeeds. Many startups don’t make it past 3-5 years, but you’ll get your money’s worth if they do.
Telecommunications Sales
Selling telecommunications products such as network or security services to large corporations is a high-paying sales job you can work your way up to.
Start by selling cable services to businesses. You will have a base salary of $82,000.
Entrepreneur Of Your Own Business
Instead of working at someone else’s company, entrepreneurs establish their own business. Entrepreneurs enjoy some of the highest salaries in the business world.
Several businesses can be established with low investment and businesses that are ideal for women.
No matter what type of business you choose, there are many opportunities for a high-paying job.
Join Monster To Get A Sales Job
Want to know how to stay ahead of the crowd? Join Monster today.
As a member, you can upload up to five versions of your resume and cover letter—each tailored to the sales jobs that interest you.
Recruiters search Monster every day, looking to fill top sales positions with highly talented candidates, just like you.
Additionally, you can get job alerts sent directly to your inbox to spend less time combing through ads and more time emailing your resume to hiring managers.
The sooner you start, the sooner you can close the deal on a great new job.
How Do You Make Money In Sales?
You make a lot of money in sales by generating a lot of revenue/profit.
You can do that by selling expensive and high margin stuff or selling a lot of something that is the cheaper or lower margin.
Generally speaking, the guys making money are selling expensive stuff.
Accept Deal Pushes Or Losses Gracefully
Most mega-years don’t happen without major deal surprises, or outright losses.
The odds of a good-fit customer resuming their evaluation or failing with a competitor are good, provided you don’t burn relationships when you receive deal surprises.
Stay Humble
A mentor once told me, “once you think you deserve big earnings, you are officially an asshole.” Understand your role in the success equation.
Yes, you are extremely capable and maybe the best in your field.
However, a mega-earnings year is inherently dependent on timing and luck, two factors that are (largely) out of your control.
Although the word “salary” permeates the sales force, it doesn’t mean you have to let it permeate your life.
Stay humble and kind to yourself as you pursue a rare life opportunity. You are not your earnings.
Be Consistent
Get good at something and be consistent.
Most of the sales people who underperform take their feet off the gas pedal at various times throughout the year, particularly when they have “a good month” and don’t work as hard when they know deals are in the process of closing.
Hop-On The Kennected Train
Want a solid lead generation plan? Kennected offers a series of solutions focused on building relationships with key decision-makers to achieve this feat.
Kennected used this process to earn the Two Comma Club Award (for earning $1,000,000) in less than seven months, and a spot on the Inc. 5000 list of fastest-growing companies in America.
Moreover, we helped over 17,000 customers on the sales side fill their sales pipelines with qualified leads and increase revenue.
Our LinkedIn lead generation services can help you take your LinkedIn marketing to the next level.
For more information on how to use this LinkedIn Sales Funnel and Kennected to fill your sales pipeline with qualified leads in less than 10 minutes per day, schedule a free strategy session here.
The post Can You Make 500K A Year In Tech Sales? appeared first on LinkedIn Automation, Messaging & Outreach Tool - Kennected.
source https://kennected.org/making-500k-tech-sales/
No comments:
Post a Comment