Highest Paying Sales Jobs and Desired Skills

Working as a sales jobs professional is an excellent career path for anyone, regardless of age or real limits. According to the US Bureau of Labor statistics, sales representatives advertising scientific and technological goods as well as services to industries typically earned annual wages around $108,830 in 2020. Getting a flexible working environment, high earning potential is challenging itself. A career where you can continuously develop your skills and grow your professional capabilities is only possible by working in sales. A sales jobs isn’t what it used to be. Just being a salesperson, you can be a millionaire or billionaire. Some sales jobs managers or directors make more than $1 million per year in sales while many have made more than $10 million in sales says Dr.Moine (sales and marketing master coach).

You can be credible entrepreneurs or creative and self-sufficient sales advisors who are aware of the risks and rewards while running a business. When you look at the job opportunities while helping others, you have to believe in the solution you’re selling. Be fulfilling and reap excellent rewards. Ultimately, this will lead to your personal and professional success.

Well, how would you know that you are good in terms of selling and building a trustworthy relationship with your customer? The answer is some desired skills are to be acquired while becoming a sales jobs professional and after then you are good to go. Let’s learn about that some desired skills!

Desired Skills

Hiring employers most commonly require the following skills: Recruitment and training, Contract Closure, CRM, Account Management, Product Promotion, Customer Engagement, as well as Business Administration & Management. These skills and requirements are equally likely to be cited by employers and on resumes of experienced Sales jobs Representatives. Entrepreneurship is also listed as a desirable experience by employers. According to Ziprecruiter, the following percentage is required by many employers:

• Building meaningful relationships with clients, setting expectations, and (tactfully) discussing a buyer’s pain points all require strong communication skills.
• To be effective, salespeople must develop a strategic approach to prospecting and work on it daily in order to better identify new business opportunities.
• Deep product knowledge, as well as extensive product knowledge, is the foundation of effective sales pitches.
• According to Ziprecruiter, Active listening or hospitality falling under CRM counts 75% in the sales profession. It is all about staying in the moment and ensuring the seller clearly understands what the buyer is saying.
• Understanding how to respond to the major types of sales objections.
• The presentation content and sales message delivery must be interacting and insightful, or you risk putting your buyers to sleep, or worse, losing them entirely.
• Throughout your career, you will face numerous rejections from prospective customers, so you will require a strong belief, optimism, and strength of character.
• Building a strong rapport with customers is important as you’ve got to convince them that you’re the best person to sell them a product.
• Possessing genuine entrepreneurial drive and spirit is going to add triple charm to your career

All these certain abilities allow salespeople to identify opportunities, relate to customers, persuade customers to act, and close a sale. Whether you’re new to the workforce or changing careers, it’s critical to understand the qualities required to improve your sales skills.

Highest Paying Sales Jobs

Sales are about identifying a client or customer’s problem and then convincing them that whatever you’re selling is the solution to that problem. “It’s your job to discover the client’s pain point, recognize what they want, and be able to explain how your product will bridge from pain point to vision,” says Betty Kempa, a sales consultant.

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Developing a career in sales could be a key factor for long-term stability and prosperity. “If you choose the right sales specialization and master the sales profession, you can earn more than $1 million in personal income per year or even earn more than $100,000 per year”, says Dr.Moine.

Remember that your salary is determined by your level of experience, specialty, and where you are employed. To assist you in deciding which sales position is best for you, Takethiscourse has listed some highest-paying jobs below. Now let us take a look at how you can end up making an outstanding, $100,000 or more per year from sales:

1. Sales Engineer

Sales engineers have a unique position that combines sales, engineering, science, and technology. You will be employed by companies that sell complex technology such as equipment or mechanical systems. Being a sales engineer, you are accountable for various tasks, such as evaluating a client’s equipment or mechanical systems, understanding each client’s unique needs, and delivering customized product or service solutions. Some sales engineers work for the company that designs and builds the product, while others work for independent sales firms. As a sales engineer, you’ll have to use technical product knowledge to translate complex information into comprehensible product marketing. To earn your highest paying salary, learn to arrange gatherings with prospective stakeholders and existing clients. Learn to answer questions, negotiate sales and make recommendations on how to improve results from product or service usage. You might also be interested in best Sales training courses at our platform.

Because sales engineers must be adept in a wide range of mechanical, scientific, and engineering concepts, a bachelor’s degree or higher in engineering (or equivalent experience) is usually required.

Average Salary

• The median sales engineer salary is around $90,000 per year, but top earners can make upwards of $133,209.

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2. Medical Device Sales Representative

Although it may appear to be a small niche, the medical device sales industry is large and is enjoying significant job growth. This has been possible due to developments in medicine such as nanotechnology, wireless wearable sensors, and robotic surgery equipment Medical device sales reps sell medical devices to doctors, surgeons, and other healthcare providers. Depending on the type of medical device, sales representatives may do anything from visiting hospitals or doctors’ offices to giving product presentations while standing in the operating room during procedures to ensure doctors are using their devices correctly. Being a medical sales executive, you promote and educate healthcare professionals on a variety of medical products such as tongue depressors, stethoscopes, thermometers, gloves, medical implants, and prosthetics on behalf of medical device manufacturers.

While medical sales representatives are not required to have a medical background, they must have a bachelor’s degree, an in-depth understanding of their device’s medical implications, and a tolerance for watching medical procedures.

Average Salary

• The median annual medical device sales representative salary is $70,380 with the top earners making around $93,400.

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3. Insurance Sales Agent

Insurance agents are in charge of identifying sales opportunities for insurance plans as well as managing a client portfolio. These professionals, also known as Insurance Sales Agents, are in charge of identifying risk management strategies, handling policy renewals, and tracking claims. Even though much of the individual insurance industry has moved online, there is still a strong market for more traditional insurance sales agents, particularly for corporate and commercial clients. You would be in charge of developing and managing your customer base, as well as contacting potential clients and explaining the financial services you provide, such as property, casualty, life, health, and long-term care insurance. You might also be interested in best Salesforce Apex classes at takethiscourse.net.

In most cases, only a high school diploma is required. Significantly, insurance agents must hold citizenship of the respective country. This typically entails completing state-approved courses and passing state exams covering insurance fundamentals and insurance laws.

Average Salary

• The median salary for an insurance sales agent is $55,157 per year, but the top earners can make more than $86,000.

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4. Software Sales Representative

A software sales representative is a front-line team member who assists customers with software and computer sales as well as technical support. As a software sales representative, your work includes answering clients’ queries before and after they buy the software, as well as providing a demonstration of the software to ensure it meets each client’s needs. You’ll spend your time while communicating with clients on the phone and work through closing a deal. Software sales representatives work for technological companies and are in charge of selling the company’s software to other businesses, professionals, or consumers. In general, this position combines inside sales (such as cold calling potential clients to set up meetings) and outside sales (like visiting a prospect to give a software demo and close the sale). That is, they have responsibilities similar to those of sales development representatives (SDRs) and/or account executives, with the exact mix depending on the role and seniority. If you’re a technophile and understand technical language as well as computer terminology, this is a good match for you.

Typically, a bachelor’s or associate’s degree is required (bonus points for majoring in computer science, engineering, or information technology). It is critical to be able to establish relationships and satisfy customers.

Average Salary

• The median annual software sales representative salary is $71,722, but top earners make around $96,500.

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5. Pharmaceutical Sales Representative

Pharmaceutical sales representatives meet doctors’ offices, hospitals, and other medical facilities in their assigned area to build relationships with doctors and inform them on the drug and pharmaceutical company they represent, with the ultimate goal of increasing prescriptions. You’ll be distributing marketing materials and samples to raise awareness of pharmaceutical products while also answering questions to ensure doctors have the details they need to recommend those products. As a pharmaceutical sales rep, you’ll be making multiple calls to hospitals, HMOs, doctors’ offices, and pharmacies on a typical day in order to get new customers. Entry-level employees typically establish a territory for their sales efforts; depending on the size of their goal, the job may require significant monthly travel.

A bachelor’s degree is essential to pursue this career path. To earn a handsome salary, you must have an in-depth understanding of therapeutic conditions and treatment protocols, health care, and patient practices. Not only this but updates about emerging pharmaceutical trends is also critical. Most of this specialized knowledge comes through experience.

Average Salary

• The median annual salary for a pharmaceutical sales representative is $84,593, with top earners earning $102,217.

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6. Real Estate Agent

As a real estate agent, you’ll assist individuals or companies in the purchase or sale of real estate properties. Such as residences, flats,  office space, and so on. You’ll be facilitating clients on property tours, responding to their queries, conveying buyer concerns to sellers, describing selling conditions. While also negotiating selling prices on clients’ behalf, scheduling property inspections, and writing contracts. Sure, you’ll be displaying people nice houses, but you’ll also need to be skilled to learn market trends. You’ll be arranging appointments, carrying open house visits, committing to showings, meeting with clients, developing market strategies for listings, and offer negotiations. Most importantly, remain cool under pressure. Ultimately, this job is about closing deals, so your charm, sharp wit, and keen sense for determining a client’s needs are going to be great assets to you.

To legally practice real estate, you must first obtain a license in your state. This is only possible if you pass both state and national exams. Attend a credited course before you can take the tests. Education requirements vary from state to state but are typically completed in a couple of weeks.

Average Salary

• The median annual salary for a real estate agent is $73,307 however, top-selling agents earn around $98,700.

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7. Sales Manager

Sales managers are in charge of leading sales teams to achieve sales goals. As a sales manager, you are primarily responsible for hiring and training team members, establishing quotas, evaluating and adjusting performance, and developing sales-driven processes. Sales managers are frequently required to travel working in different industries. Be creative and develop as well as implement strategic selling plans to help your company meet the revenue targets. Working in this position, you’ll have to establish team goals, monitor progress, and develop reports about workforce performance for upper managements. You might be in charge of hiring, training, coaching, and supervising sales representatives and account managers.

Requirements:

A Bachelor’s degree in business or a related field is typically required for sales managers. Furthermore, prior to becoming a manager, sales managers are typically required to have so many years of sales experience. You may as well know, sales managers are frequently promoted to sales director positions. The best sales managers are analytically strong, have excellent managerial skills, and provide exceptional customer service.

Average Salary

• With this job, you will be earning a handsome amount of money $69,553 per year.

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8. Account Executive

Account executives typically work for marketing and advertising agencies or media companies and serve as the company’s point of contact with its clients. You’ll be supervising day-to-day communication, ensuring campaigns run smoothly, presenting performance and progress reports, and making suggestions for improvement. As an account executive, you are in charge of selling extra services and ensuring contract renewals. Always remember account executives are self-assured individuals with excellent interpersonal and communication skills. You must possess excellent research skills in order to understand the products and services on the market and how theirs differs.

Considering a bachelor’s degree in advertising, marketing, accounting, or business is required.

Average Salary

• This job will make you earn a handsome amount of $65,632 per year.

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9. Advertising Sales Executive

Advertising sales executives are experts in charge of supervising the sale of advertising sights to organizations and clients on behalf of advertising agencies. They act as a link between clients and advertising agencies in order to provide advertising services. Being an advertising sales executive, you’ll scout and identify potential clients with advertising needs, then persuade them to subscribe for advertising space. Competition in this field has become fierce, sales executives must perform under pressure to meet sometimes-high sales quotas.  Here, you’ll learn to work in various industries, including advertising agencies, radio, television, and Internet publishing. For entry-level positions, a bachelor’s degree is required; degrees in marketing, communications, business, especially advertising can make you more marketable.

Average Salary

• The average annual salary for an advertising sales executive is $60,726.

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10. Sales Director

A Director of Sales, also known as a Sales Director, manages and oversees an organization’s sales operations. Their primary responsibilities include constructing plans to meet sales targets, establishing and cultivating client relationships, and analyzing costs to determine product pricing when selling to customers. A sales director usually works for a larger company and is in charge of supervising all sales activities and ensuring that the sales department adheres to the company’s goals. They motivate sales teams and aid in the implementation of new mechanisms, procedures, and product or service launches. Depending on the organization’s hierarchy, they may be in charge of supervising sales managers or directly managing all sales teams.

Most employers require Directors of Sales to have a minimum of a bachelor’s degree in a relevant field such as marketing or business administration. Some employers may prefer candidates with a Master of Business Administration (MBA) degree.

Average Salary

• The annual salary will be $109,261 per year.

Final Thoughts

The number of profits made in some sales specialized services is truly mind-boggling. Don’t think of yourself as “sales reps,” but rather as financial planners or wealth counselors. ALL multi-millionaire sales planners understand the critical importance of sales and marketing to their success. Dr. Moine claims that one of his clients closed sales worth more than $600,000 in commissions through one day!

Because directors were once managers, stay motivated and never give up.

Don’t forget that money isn’t an option; it’s a need!

References:

• https://www.themuse.com/advice/high-paying-sales-jobs
•  https://www.monster.com/career-advice/article/10-high-paying-jobs-for-sales-people-0217
• https://www.indeed.com/career-advice/finding-a-job/sales-jobs-that-pay-well
• https://www.wsj.com/articles/the-pay-is-high-and-jobs-are-plentiful-but-few-want-to-go-into-sales-11626255001
• https://drmoine.com/you-as-a-multi-millionaire-sales-professional/