How Much Does Software Sales Rep Make?

by | Last updated on January 24, 2024

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City Annual Salary Monthly Pay Sunnyvale, CA $89,485 $7,457 Santa Cruz, CA $88,658 $7,388 Santa Rosa, CA $86,659 $7,222 Williston, ND $84,913 $7,076

How much can you make doing software sales?

Software Sales Salaries

The annual average salary for software sales professionals is more than $54,000 , according to PayScale. As with most sales jobs, the salary range can vary greatly depending on factors like bonuses, profit sharing, and especially commission.

How much money do tech sales reps make?

Salary Ranges for Technical Sales Representatives

The salaries of Technical Sales Representatives in the US range from $13,251 to $351,232 , with a median salary of $64,226 . The middle 57% of Technical Sales Representatives makes between $64,228 and $159,778, with the top 86% making $351,232.

How much do top tech sales reps make?

Annual Salary Monthly Pay Top Earners $85,000 $7,083 75th Percentile $59,500 $4,958 Average $49,680 $4,140 25th Percentile $32,500 $2,708

Can you make a million in tech sales?

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.

Can you make a million a year in sales?

Yes, it is possible to become a millionaire or a multi-millionaire as a salesperson . I’ve worked with some salespeople who regularly make more than $1 million a year from sales and at least three of my clients have made more than $10 million in one year from sales. That’s not how much they sold. That is their income.

What sales jobs pay the most?

  • Pharmaceutical sales representative. ...
  • Direct sales representative. ...
  • Business development representative. ...
  • Sales engineer. ...
  • Sales professional. ...
  • Sales manager. ...
  • Real estate agent. National average salary: $107,989 per year. ...
  • Vice president of sales. National average salary: $110,945 per year.

Why do salespeople get paid so much?

As a company scales, revenue per engineer should skyrocket. But salespeople do not get much more productive and revenue for salesperson is much more constant over time. That means that salespeople are always in demand . There is always need for more great salespeople since they are often directly tied to more revenue.

Is tech sales a good job?

Tech sales is one of the most financially lucrative career paths in tech , especially because of the high commissions paid if you hit your quotas. Salaries vary greatly depending on your city and company.

What’s the highest paying tech job?

  • Big Data Engineer.
  • Software Architect. ...
  • Blockchain Engineer. ...
  • DevOps Engineer. ...
  • Cloud Architect. ...
  • Full-Stack Developer. ...
  • Artificial Intelligence (AI) Engineer. ...
  • Product Manager. ...

Do you need a degree for tech sales?

Although most tech sales positions do not require formal education, a bachelor’s degree can still be helpful . Common majors include a degree in engineering, marketing, or business. If that is not an option for you, consider a bootcamp or series of online courses to learn tech sales skills.

What do software sales reps do?

As a software sales representative, your job duties include answering questions for clients before and after purchase and providing a demonstration of the software to ensure it fits each client’s needs . You spend a majority of your time on the phone with customers to land a sale and maintain client happiness.

What degree do you need for software sales?

A bachelor’s degree is usually required for this position, especially if the job requires selling a scientific or complex software product. Less complicated products often require a high school diploma or the equivalent, with a background in business-to-business (B2B) sales.

What job makes you a billionaire?

Investor. Investing is one of the most distinct billionaire jobs. Indeed, working in the investment and finance industry has the potential to earn you big bucks. Often building their fortune as hedge fund managers, investors use interest payments on bonds and stock dividends as their main source of income.

What sales job is most difficult?

  • The upcoming brand or product pitch. In this world, there are products that sell themselves. ...
  • Sales Managers. It’s tough being a sales manager. ...
  • Selling a brand that previously tanked. ...
  • Selling out of season products.

What jobs make $1000000 a year?

  • A-List actor. Bankable stars can take home multi-million dollar paychecks. ...
  • Corporate CEO. The average CEO earns a respectable but hardly jaw-dropping $175,000 per year, according to the Bureau of Labor Statistics. ...
  • NBA player. ...
  • Screenwriter. ...
  • Banker. ...
  • Law firm partner.

How do I become a sales rep?

  1. Figure out your life goals and determine if a sales career can help you get there. ...
  2. Read sales books. ...
  3. Get inbound sales certified. ...
  4. Take introductory courses. ...
  5. Sell for a non-profit organization. ...
  6. Follow the HubSpot Sales Blog. ...
  7. Talk with reps in your network to understand how sales jobs work.

What is the best type of sales to get into?

  1. Real Estate Agent. ...
  2. Insurance Sales Agent. ...
  3. Securities, Commodities, and Financial Services Sales Agents. ...
  4. Wholesale and Manufacturing Sales Representatives. ...
  5. Advertising Sales Representatives. ...
  6. Medical Device Sales Representative. ...
  7. Travel Agents. ...
  8. Outside Sales Rep.

What does SaaS sales stand for?

SaaS stands for software as a service . It is a type of software hosted, secured, and managed by a single provider. It can be accessed online, easily customized, and is serviced and supported by the provider’s own product engineers and customer success team.

What is the highest paying job without college?

  • Commercial Pilots: $121,430.
  • Transportation, Storage, and Distribution Managers: $94,560.
  • First-Line Supervisors of Police and Detectives: $91,090.
  • Power Plant Operators, Distributors, and Dispatchers: $85,950.
  • Elevator and Escalator Installers and Repairers: $84,990.

Is being a sales rep worth it?

Yes, sales is an excellent career . Salespeople have the potential to earn a high salary and often have a clear career path within their organizations. Most importantly, anyone can get into sales. You only need to have the drive to grow your sales skills and the desire to succeed.

Is sales the most stressful job?

According to US News, being a sales manager is among the most stressful jobs one can have and Thrive Global found 67% of reps are close to reaching burnout.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.