Are you already in industrial or manufacturing sales and trying to increase your earning? Did you know that it is really possible to make over $200K per year if you have the right compensation structure?
I spent 10 over years in injection molding sales and have numerous friends in the industrial/manufacturing industry making well over $200K per year.
This industry has a LOT of complacency in it because SOME of the older generation is typically satisfied with their compensation and isn’t as hungry as new industry sales people.
This leaves a HUGE opportunity for either anyone new to the industry or a hungrier generation.
The first step is to make sure that the “vehicle” (the company you work for) has you setup for success:
- You should be making between $75K – $110K as a base salary
- You should have a commission plan
- Your commission plan should be based on sales revenue, not total profit
- Commission should be between 1%-3% and last a minimum of 2-3 years on any new business/programs.
Financial compensation is the best driver for any sales people, so your company needs to be leading with a carrot and rewarding your appropriately.
