Ultimate Sales Career Blog
This Week in Sales: June 27, 2024
Contents:
👉 OTE Isn’t Everything
“I turned down a $220K OTE to stay at my $190K OTE…”
Say what!? $30K per year? That’s a NICE bump — why not take it?
Nope, it may not be a nice bump. It might even cost you a couple steps back in your career:
• With the $190K OTE, they hit quota 3 of the past 4 years.
• With the $190K OTE, they made more than $235K last year.
• With the $190K OTE, they built trust with their manager.
• With the $220K OTE, only 25% of the current reps were hitting.
• With the $220K OTE, they would W2 less than with the $190K OTE.
• With the $220k OTE, the attrition rate was over 40%.
Yes, sales professionals can be motivated by what $ can do for them. Which makes this analysis all the more important.
Always remember, OTE is only a piece of the picture.
— Ryan Walsh, CEO & Founder
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