Switching from outside sales to software sales
I'm advising a friend who is looking to make the change from being an outside, field rep for a company that sells infrastructure components to a software sales person at a SaaS company. He has a lot of experience, is older (~55) and is naturally great at sales. While he's older, he is fairly proficient with most computer systems and understanding the nature of evolving tech. I know that age discrimination is an obstacle, so I'm trying to help him navigate the application and interview process successfully.
What are the chances that he can easily switch from his current position (making about $130K OTE) to a ~150K OTE job in a closing role in software? What are the most important things that he should learn about the SaaS software environment before applying around? What are the best ways that he can sell his non-SaaS experience to a hiring manager?
By the way, he did work in software in the 90's, but that was a different time.
Posted Sep 22, 2019, 7:03 PM UTC
Very easy. I'm in business development for arguably one of the best software companies to work for (think CRM) and the field AE who I support (mid 50s) is clearing 500k came from being a paper salesperson just last year. It's not about what you sell it's about how you sell. If the man is good at relationship building, building pipeline and closing deals hes a no brainer for software companies! Let's just get him to think bigger than 150k OTE.
is the bdr to ae path still 2+ years where you work? also do you go straight to being the prime ae or do they pipeline you to pardot or the marketing cloud?
Roughly 1 yr. You choose what path AE you'd like to go. Some go those routes to pardot/MC others go straight to core. Depends what interests you
dope. grind it out, i’m in the same boat just went ae from bdr at a logo the same size as you in 14 months or so. hoping the logo is worth it in the future, the sales process is fucked over here lmao
That's nuts.
I just hope that must hiring managers feel the same way.
Extremely good.
Not so sure. SaaS pipeline sourcing is a lot different that the type of leads he works with now. But really, 90% of prospecting is just doing it and staying focused. He's good in that regard.
Very good.
Yeah, I was a little unsure of how to ballpark what he could make. Surely, he could land something with around $150K, I'm thinking. But if he could make more and enjoy what he does then obviously that would be great too. Given that he has 2 or 3 decades of solid sales experience, do you think he could enter SaaS making closer to $200K or $250? Honestly, the $500K that your rep makes seems a bit out of reach for someone just entering the space, but I do believe you. (I'm thinking Salesforce or Oracle?)
Thanks for the help.
If only most companies thought this way......