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Sales guy here. I like being paid in cash because having ownership runs counterintuitive to my work. Better, I get cash compensation and other benefits but not
by xstartup 9y ago
Sales guy here. I like being paid in cash because having ownership runs counterintuitive to my work.
Better, I get cash compensation and other benefits but not ownership/equity.
- crdoconnor 9y agoWhat would you view as a reasonable compensation structure for a guy like this for his first few sales? 50% cut on the first sale? Higher?
- Blackstone4 9y agoI was advised: * 20% of first year revenue on a cold call (deeded to be generous) * 7% of first year revenue on warm lead (incoming from website) * 2.5% of year revenue on a renewal
- crdoconnor 9y agoInteresting, thanks. With or without base salary though?
- Blackstone4 9y agoWith a base salary. With the comp above, ~£25k (~$35k) in base salary so fairly low with the expectation that a good sales person can earn well over 6 figures. This is in the UK so expect the US to be higher.