Remove 2021 Remove Commission Remove Quota
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The Broken State of SaaS Sales Rep Comp

SaaStr

But the math got tougher as we moved to $400k-$600k quotas, and it got tougher again as OTE expectations went up. So things got a bit broken with SaaS sales exec comp in the run-up up until 2020 … and then it got really broken in the crazy times of late 2020 and 2021. Close a million, make $200k. Close two million, make $400k.

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Salesforce: Your Job’s at Risk If You Sell Less Than $400k a Year

SaaStr

So quotas are relatively well understood, if sometimes complicated to get right in practice. And how many hit quota? While different data sources report different numbers, the companies themselves in the Keybanc Sapphire data report 80% hitting quota attainment. In any event, that’s good median data. 40% attainment?

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Sales Reps Really Do Have to Close 4x-5x What They Take Home, and More: Iconiq’s Sales Compensation Guide

SaaStr

Corners were cut in the boom times of 2021, but we are back to sane sales models. Renewals, if they are done by sales, are paid out at about 40% of an initial commission. A complex topic here of when it makes sense to have sales involved in renewals, but helpful to see they get about 40% of the commission of a new deal. #3.

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PODCAST 137: Team Selling: A Comeback Story for 2021 with Trish Bertuzzi

Sales Hacker

How to plan for 2021 [15:46]. She’s going to be talking to us about team selling and how the concept of combined quotas with senior and junior account executives, converging on one territory, is coming back. She’s also going to talk about 2021 planning, how this year the planning process must be different.

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Want to Be Paid More in Sales and Customer Success? Fine, But You Gotta Close More

SaaStr

Of paying your sales team well, of not capping sales commissions, of putting customer success on a variable plan, and of the power of second order revenue. And this is where things got a bit corrupted in late 2020 and 2021. With about 10% of your quota in base salary, and 10% in bonus, that would yield a 5x ratio of comp:bookings.

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10 Of The Most Common Mistakes in Early SaaS Sales

SaaStr

— Jason BeKind Lemkin (@jasonlk) February 16, 2021. Impossible quotas. You want at least half, ideally 60%-70% of your reps, hitting quota. But you have to make sure good, well-trained reps can hit quota and be paid fairly. Have an actions quota, too. Even if the sales rep gets their commission.

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37 Sales Leadership Stats to Know in 2020

Hubspot

If you don’t have the time or resources to commission your own data, you’re in luck because we’ve compiled a list of important data points sales leaders need to know. According to LinkedIn , 60% of sales leaders anticipate their team won’t be able to hit quota by year end. is invaluable. Sales Leadership Stats. Sales Performance.