OTE Earnings
Author
Discussion

whythem

Original Poster:

773 posts

204 months

Wednesday 21st October 2009
quotequote all
I see lots of sales jobs advertised with little or no basic wage promising high OTE of £30k-40k.
Has anyone ever hit, or even got near there OTE targets? When you see an OTE advertised what percentage is realisticly attainable?

Chris_OCR

5,429 posts

203 months

Wednesday 21st October 2009
quotequote all
I have only ever placed two commission only sales roles, one being last year, the OTE was £60K and the candidate made a little under £70K!

The other one was not quite hitting OTE but was not too far off it so they are possible!

Asterix

24,438 posts

255 months

Wednesday 21st October 2009
quotequote all
I worked for a car manufacturer years back, I knew it was a stop gap for 8 months. Low basic with reasonable commission. Smashed every record they had and tripled the OTE for the year (in 8 months).

I think it was because I knew that it wasn't for keeps and I went in with the attitude to serve my fellow man rather than the company.

I gave the buyers honest advice and great deals and served the company well in the process.

Sincerety does actually work - rememeber people buy from people. Empathy gets you far further than the product.

cazzer

8,883 posts

275 months

Thursday 22nd October 2009
quotequote all
The only think I would suggest you are aware of is that they will be basing that OTE on the average return over the last few years.
A recession could make a big difference to yer potential earnings.
But as another poster said, your earnings depend on how good you are and how hard you're prepared to work.
Unrealistic targets are the thing to try and avoid. Some companies just use them as a stick to beat you with regularly.
Not a good environment to work in.

bogie

16,993 posts

299 months

Friday 23rd October 2009
quotequote all
it really depends on the company ...if they want to have motivated sales staff then it needs to be achieveable ...and more ...thats the idea, to motivate you to work 60,70,80 hours a week and pull out all the stops because that £££ carrot is dangling

ive been on an OTE salary for 6 years now, and only missed target 2 sales quarters through no fault of our own I might add ...exchange rate fluctations are not good if you are selling abroad frown

one thing to note is how their commission plan works - the worst Ive heard of is if you miss tarket you dont get your commission

a more fair way, is you are 10% under target, you get 10% less commission

some people thrive on commission based roles, work their way up and make a fortune ....others might get out after 6 months, it really depends if you can cope with it, but you wont know until you give it a go


top sales guys in my old company had their comission capped at £250K per year about 7 years ago ...the very top guys went elsewhere for an uncapped deal ...which is how you want it ....

AB

20,231 posts

222 months

Friday 23rd October 2009
quotequote all
I've been making the advertised OTE since I joined, and more.

If you're st at the job you won't, OTE seems to be based on "if you do it well".


Pothole

34,367 posts

309 months

Friday 23rd October 2009
quotequote all
only done it twice with realistic OTEs, caned them.

okgo

41,882 posts

225 months

Saturday 24th October 2009
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Oh how the above is true, but whilst I was selling cars I was earning above my OTE smile

If its acheiveable!!

Never work on team commision as I am finding out!