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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
That's why I said stay with it for now and save up a few million that review your options. Ultimately, though, the money is worthless if you don't love what you are doing. I could never do what you do because the very idea of someone telling me what to do or where to be or when to be or who to work with is completely and absolutely unacceptable. I value control and enjoyment of my time over making money, although making good money is fun, especially when you combine it with doing something really creative and fun. I mean, ride this horse to the finish line, and ride it hard. But then you have to ask yourself if "big picture" all you want to do with your life is be a car salesman.
and how is 50-55 hours a week few hours? Are you kidding? There are shifts I work 14 hours sometimes. I get so many clients coming in making similar or more money working 9-5 jobs
Good luck landing a job like that with only a high school education. Not to mention I wager these clients making similar money are in there 40's and 50's. If you have that kind of proven track record in car sales, you should be able to get a job with any dealership you want. Judging from your salary figures, you probably not working in a Hyundai dealership, more likely a BWM, or similarly high end luxury cars.
Personally if I was making that kind of money, I'd suck it up for a couple of years and save as much as I can. Even if you get a much lower paying job in a few years, having the cash to buy a house would allow you to have a much better life than the rest of us smocks paying half our salaries for our mortgages.
Quote:
Originally Posted by brahmab525235
I could afford a 4500 dollar mortgage payment (that's around an 800K house), it would chop my savings down to about 2000 a month but I could swing it.
I don't believe you can. Your job it dependent on sales, you just need another economic crash like the recent one we had in 2008 and your not selling any cars a month, thus pulling money out of the bank to make your mortgage. After the housing crash there were more than a few people working in the mortgage industry that were making Great money and were foolish enough to have huge houses with huge mortgages to match. Once the easy money stopped flowing in, they lost everything.
Quote:
Originally Posted by mapmd
Troll alert! No car salesman makes 150k/year much less 175k.
I believe it, but he's not selling Fords or Kia's, but high end luxury cars, I bet even the worst preforming salespeople are pulling in 80k+ a year.
I used to work in the casino industry and the "average" salary for casino hosts is around 50k a year, but I knew one hot young Greek girl that was making 200k+ a year. She knew wealthy Greek people that would gamble at the casino, and if she moved to another casino, they would follow her there. Not everyone is an "average" salesperson, or casino host, some command a premium salary for there services.
Last edited by TechGromit; 04-20-2015 at 06:52 AM..
I wouldn't even do it for half an hour. If you can make that kind of money at your age working for a bunch of a**sholes, you can make something similar working for human beings.
The "stop complaining" comments are from people who can't ever see themselves making a good living. Ignore them.
I sell a regular brand, nothing high end. It's a common myth that more expensive brands pay a lot more
At the end of the day, it's about making profit. I've had 4K deals on 12G cars and Negative deals on 70k cars
As someone who has been in a very similar position as you, only I was younger (as I posted on the previous page I was doing it at 19 years old), I know exactly where you are at.
You do not have to stay in car sales long term, or even at the dealership long term, but you seem to realize that changing dealerships could cut your pay considerably. That is the 1 thing I had to learn the hard way. You do have to put up with a lot at the higher quality dealerships, crap that does not happen at dealerships that pay less and spend less on advertising, however the money makes it all worth it until you find something else.
I personally thought that I could find plenty of dealerships where I could make 100K plus, so I left the 1st one I started with. Even being in the top 1 or 2 sales people at every dealership I went to, I struggled to ever get over $75-80k a year, and believe it or not I was working more hours than I had been when I started.
I eventually transitioned to mortgage sales, and suddenly I was making more than I ever had in car sales. It was the right business at the right time. However it is not really a transition I would recommend today as that business was changed dramatically over the last decade.
So stay where you are at for now, spend some time talking to friends and former coworkers who have left the business and see what they are doing. Eventually you will find a business that interests you, and where you can make good money, at that point you can make the transition. Funny thing is that most companies will put car salesman who are successful at the top of the list when they look for new salespeople, so it will be easier than most to find a job, so you can find another good job and company.
I wouldn't even do it for half an hour. If you can make that kind of money at your age working for a bunch of a**sholes, you can make something similar working for human beings
How do you figure this?
I have a college degree but entry level business jobs pay 40K, not many jobs pay 160K
As someone who has been in a very similar position as you, only I was younger (as I posted on the previous page I was doing it at 19 years old), I know exactly where you are at.
You do not have to stay in car sales long term, or even at the dealership long term, but you seem to realize that changing dealerships could cut your pay considerably. That is the 1 thing I had to learn the hard way. You do have to put up with a lot at the higher quality dealerships, crap that does not happen at dealerships that pay less and spend less on advertising, however the money makes it all worth it until you find something else.
I personally thought that I could find plenty of dealerships where I could make 100K plus, so I left the 1st one I started with. Even being in the top 1 or 2 sales people at every dealership I went to, I struggled to ever get over $75-80k a year, and believe it or not I was working more hours than I had been when I started.
I eventually transitioned to mortgage sales, and suddenly I was making more than I ever had in car sales. It was the right business at the right time. However it is not really a transition I would recommend today as that business was changed dramatically over the last decade.
So stay where you are at for now, spend some time talking to friends and former coworkers who have left the business and see what they are doing. Eventually you will find a business that interests you, and where you can make good money, at that point you can make the transition. Funny thing is that most companies will put car salesman who are successful at the top of the list when they look for new salespeople, so it will be easier than most to find a job, so you can find another good job and company.
I left a dealership originally where I was making 100K cause I thought I could make more. I went to a couple places and was making 30 - 50k
I found this place after that and this is probably the best dealership for sales in 5 states so I can't leave here unless I go to a different industry
I sell cars for a living and there are some huge drawbacks. I work 50-55 hours a week, including every Saturday. The micromanagement is extremely intense - threatening my job over the smallest things on a consistent basis. My general manager is the absolute hardest person to work for that I've ever come across or even heard of. In the summer time, we have to wear long sleeve shirts and it can get very hot and horribly uncomfortable when it gets into the 80s and 90s. Winter time, we have to be outside and doing snow duty even when it's below 0
Would you tolerate all this to make the 150-170K in your mid 20s that I make?
No. Not Forever. Perhaps a year or two, pay off a house, and then I will live at my means. My next job would then be some minimum wage.
dont buy anything expensive. Keep on working and save that money for a couple of years. Invest at least 70% of it. Trust me you wont need anything more once you build up your savings base and make good investments.
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No I Would Not Want To Work Outside That Much:
