I Need Some Outside Perspective - Would You Guys Do My Job Long Term (10-15 Years)? (payment, college degree)
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Troll alert! No car salesman makes 150k/year much less 175k.
What are you selling Maseratis on a lot located between Goldman Sachs and Morgan Stanley?
If not then I'm calling you out on your BS.
If you owned the dealership I could see you bringing in at least that much, probably far more, but the fact is that you work for someone else as an employee, get next to nothing in wage/salary, and probably don't make much more than 3-5% commission of the gross sales price (not profit).
And oh by the way...no one who's boss makes them shovel snow off the sidewalks earns 150k/year.
If car salesmen made that much there would be tens of thousands of people clamoring for such a great gig. The fact of the matter is that car salesmen are lucky to be making $500-700 a week, and that's if they get a couple sales.
The fact that you work 50-55 hours a week tells me that you HAVE to work that much just to be able to pay your rent and put food on the plate, which is fine, we all do what we have to, but don't go around pretending to be an I.B.A. who's earning income in the top 0.5% bracket.
According to Glassdoor the average car salesman brings home 47k. Salary: Car Salesman | Glassdoor Not bad for someone in their mid-20's, but not close to something a troll would throw out.
This is not true. A talented car salesmen pushing $50,000-$125,000 cars out the door at a busy dealership can make what the OP is claiming. Especially if he has the energy and charm. It's not common, of course, but these guys are out there.
You say that a sales manager like that is needed, but I'm so incredibly driven and motivated constantly every single month, he adds nothing to my productivity. He only decreases productivity with how uncomfortable he makes me feel
The agency problem is that not all the salespeople are like you. He has to push some of them to get them to produce. Your problem is, he treats everyone the same way. He really has to, so as not show preference towards you, but treats everyone the same way.
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If car salesmen made that much there would be tens of thousands of people clamoring for such a great gig. The fact of the matter is that car salesmen are lucky to be making $500-700 a week, and that's if they get a couple sales.
No, no matter how much can be paid, most people are afraid to work for commission. And even if they wanted to do so, not many people have a talent for what is called big ticket sales.
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The fact that you work 50-55 hours a week tells me that you HAVE to work that much just to be able to pay your rent and put food on the plate, which is fine, we all do what we have to, but don't go around pretending to be an I.B.A. who's earning income in the top 0.5% bracket.
No a salesman will work his assigned shift. And auto sales, furniture sales, etc., it is not unreasonable for the top salespeople to be in that income bracket. I know from experience it is possible, when what I earned when converted to today's dollars selling furniture. People like the OP and myself take/took home that kind of money in their late 20s and beyond. Most people have no idea of how much money that a top commission sales person with the right firm makes. In my 20s, my best friend was Vice President over the Labor Department for one of the largest railroads. He was the chief legal council for other departments as needed.. We laid down our IRS income statements and I beat him by $14. He made about 25% more doing private law on the side. I made almost the same on the side in Spiffs. A spiff was paid by manufacturing companies as a bonus to the salesperson that sold a particular product they supplied. Top end mattresses at the time spiffed us at $10 for single or full size bed. $15 for queen size. And $20 for King size sets.
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According to Glassdoor the average car salesman brings home 47k. Salary: Car Salesman | Glassdoor Not bad for someone in their mid-20's, but not close to something a troll would throw out.
This is like saying the average real estate salesman, earns $35,000 per year which is true. What it does not say, that 80% of all real estate that is sold, is made by top 20% of salespeople. 85% of all people that go into the real estate business, will fail out of the business due not being able to make a living. It averages the sales people that only sell maybe 1 house in their entire career, and some of those in the top 20%, who make hundreds of thousands of dollars. I know as I spent from 1972 till I retired in the business as a commercial/investment broker. It is not unusual for people like myself handling large transactions to make $50,000 $100,000 or more in a single transaction.
I know the better auto salespeople made that type of money, as I handled real estate investments for a few good ones, and know what they made as I arranged financing and mortgages for them.
It is amazing, how little the public understands about what big ticket commission salespeople and how much money the better ones earn. Low end of sales, is earning minimum wage in a store.
I spent 4 years selling furniture in a major department store one of the big 10 high end ones. The men/women in the big ticket departments furniture, major appliances, and electronics were all on commission. We all earned in excess of $125,000 in today's dollars. The rest of the sales staff made minimum wages with semi annual token increases over the years they worked there.
I would just stay, keep your mouth shut, stay out of trouble, and keep selling until you have a few million in the bank.
Then consider other options. If you are a talented salesman, you can sell other things that might be much easier and more fun (financial options, high end residential or commercial real estate, etc.) A talented and successful commercial broker works as hard as you do but makes 5-10 times the money. If you have the looks and the charm, you can go into entertainment or sports agency. Again, way more upside to the money for the same work.
Once you have a few million in the bank, you can explore these options. But for now, just keep grinding the cars. Keep in mind though that over time, your dissatisfaction with the basic sales grind may take a toll on that charm and energy. Most car salesmen in their late 30's and beyond are truly miserable and have crossed a line from which there is no way back. It is not a creative job or a challenging job. It's more of a hustle than anything else. Sort of like the life of a professional gambler. One dimensional, and it pays the bills, but is ultimately unimportant. It can be financially rewarding, but that only goes so far as you have one life on this planet and you should be doing something that you love.
there is no other form of sales that's anywhere near as easy as what I do and pays a similar (or you claim better) income
Customers come in, constantly, trying to buy a car and all I have to do is make them feel comfortable around me. It's extremely easy. I consistently close around 30-50% of the people I talk to. Real, traditional sales? You close 1-10% of the people you talk to maybe. My job is extremely easy
Selling houses for example? 50 times harder than what I have to do because you have to get your own clients. I never prospect, people just come in and buy. We're a gigantic volume store so it's all incredibly easy
I'm going to make somewhere around 15-17K this month and I've been on cruise control for large portions of the month
Troll alert! No car salesman makes 150k/year much less 175k.
What are you selling Maseratis on a lot located between Goldman Sachs and Morgan Stanley?
If not then I'm calling you out on your BS.
If you owned the dealership I could see you bringing in at least that much, probably far more, but the fact is that you work for someone else as an employee, get next to nothing in wage/salary, and probably don't make much more than 3-5% commission of the gross sales price (not profit).
And oh by the way...no one who's boss makes them shovel snow off the sidewalks earns 150k/year.
If car salesmen made that much there would be tens of thousands of people clamoring for such a great gig. The fact of the matter is that car salesmen are lucky to be making $500-700 a week, and that's if they get a couple sales.
The fact that you work 50-55 hours a week tells me that you HAVE to work that much just to be able to pay your rent and put food on the plate, which is fine, we all do what we have to, but don't go around pretending to be an I.B.A. who's earning income in the top 0.5% bracket.
According to Glassdoor the average car salesman brings home 47k. Salary: Car Salesman | Glassdoor Not bad for someone in their mid-20's, but not close to something a troll would throw out.
I posted proof of my income in a post or two above this
There's a guy working at a Nissan store who sells 40-50 cars a month with big profit who makes 300-500K a year just so you know. Any car salesman selling 20-30 cars a month with good profit will make at least 130K. That's about what I do - 20-25 cars a month with great profit
Everybody in our business works 50-55+ hours a week. The guy earning 400K works 70 hours. You're very ignorant...and yes, I understand the average car salesman makes 40-50K but who said I'm average? I work at a fantastic facility (for sales) and I do a great job.
The agency problem is that not all the salespeople are like you. He has to push some of them to get them to produce. Your problem is, he treats everyone the same way. He really has to, so as not show preference towards you, but treats everyone the same way.
No, no matter how much can be paid, most people are afraid to work for commission. And even if they wanted to do so, not many people have a talent for what is called big ticket sales.
No a salesman will work his assigned shift. And auto sales, furniture sales, etc., it is not unreasonable for the top salespeople to be in that income bracket. I know from experience it is possible, when what I earned when converted to today's dollars selling furniture. People like the OP and myself take/took home that kind of money in their late 20s and beyond. Most people have no idea of how much money that a top commission sales person with the right firm makes. In my 20s, my best friend was Vice President over the Labor Department for one of the largest railroads. He was the chief legal council for other departments as needed.. We laid down our IRS income statements and I beat him by $14. He made about 25% more doing private law on the side. I made almost the same on the side in Spiffs. A spiff was paid by manufacturing companies as a bonus to the salesperson that sold a particular product they supplied. Top end mattresses at the time spiffed us at $10 for single or full size bed. $15 for queen size. And $20 for King size sets.
This is like saying the average real estate salesman, earns $35,000 per year which is true. What it does not say, that 80% of all real estate that is sold, is made by top 20% of salespeople. 85% of all people that go into the real estate business, will fail out of the business due not being able to make a living. It averages the sales people that only sell maybe 1 house in their entire career, and some of those in the top 20%, who make hundreds of thousands of dollars. I know as I spent from 1972 till I retired in the business as a commercial/investment broker. It is not unusual for people like myself handling large transactions to make $50,000 $100,000 or more in a single transaction.
I know the better auto salespeople made that type of money, as I handled real estate investments for a few good ones, and know what they made as I arranged financing and mortgages for them.
It is amazing, how little the public understands about what big ticket commission salespeople and how much money the better ones earn. Low end of sales, is earning minimum wage in a store.
I spent 4 years selling furniture in a major department store one of the big 10 high end ones. The men/women in the big ticket departments furniture, major appliances, and electronics were all on commission. We all earned in excess of $125,000 in today's dollars. The rest of the sales staff made minimum wages with semi annual token increases over the years they worked there.
I don't think that 20% of the people make 80% of the money. I would say 20% of the people make maybe 40% of the money. The average income at our store is maybe 50-60K so I'm doing around 3 times what's average. There's 1 other guy doing 3 times the average and a few guys doing 1.5-2.5x the average
This is not true. A talented car salesmen pushing $50,000-$125,000 cars out the door at a busy dealership can make what the OP is claiming. Especially if he has the energy and charm. It's not common, of course, but these guys are out there.
just FYi, the price of the cars you sell has very little to do with it. I've made more money on 5,000 dollar used cars than 80,000 new cars
It's about selling lots of cars to hit bonus and making as much profit as possible. 5K used cars usually have a 1000-2000 in profit in them. I've sold a few 50-80K new cars for 0 profit because the person shopped the price at every dealership in the damn area...nothing you can do at that point. You gotta drop your pants and take a 0 deal on a beautiful 70K vehicle
Troll alert! No car salesman makes 150k/year much less 175k.
What are you selling Maseratis on a lot located between Goldman Sachs and Morgan Stanley?
If not then I'm calling you out on your BS.
If you owned the dealership I could see you bringing in at least that much, probably far more, but the fact is that you work for someone else as an employee, get next to nothing in wage/salary, and probably don't make much more than 3-5% commission of the gross sales price (not profit).
And oh by the way...no one who's boss makes them shovel snow off the sidewalks earns 150k/year.
If car salesmen made that much there would be tens of thousands of people clamoring for such a great gig. The fact of the matter is that car salesmen are lucky to be making $500-700 a week, and that's if they get a couple sales.
The fact that you work 50-55 hours a week tells me that you HAVE to work that much just to be able to pay your rent and put food on the plate, which is fine, we all do what we have to, but don't go around pretending to be an I.B.A. who's earning income in the top 0.5% bracket.
According to Glassdoor the average car salesman brings home 47k. Salary: Car Salesman | Glassdoor Not bad for someone in their mid-20's, but not close to something a troll would throw out.
You have no idea about what a good salesman can make, I made over a $100K a year as a 19 year old salesman on a car lot that spent a lot of money on driving in traffic. A couple of guys I worked with at the time made over $250 K a year. That was basically 20 years ago now, and while the business has changed considerably, due to the autonation terrible pay plan allowing companies to cut sales people's pay, I know for a fact there are still some old school dealerships out there where guys continue to make good money.
I think if you had reached that target income you wouldn't be griping. If you're any good and have the capability of reaching that target income you'd enjoy it. (edited to add: sorry, I see you seem to be at that income. I'd say yes. I'd stay and learn to love it. Live cheap, save lots of money, invest, get rich and retire from it.)
Don't whine about heat. Try 130 degree heat in the desert with full battle gear on. You get used to it.
Long sleeve shirts look classy. Even on a car salesman!
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Even on a car salesman!
