High-Paying Sales Jobs You Should Consider in 2024

Pursuing a career in sales can be incredibly rewarding, both personally and financially. In fact, some of the highest-paying jobs in the world are in sales. Whether you're interested in tech sales, medical device sales, or luxury goods, there are countless opportunities to earn a six-figure salary while building valuable skills and relationships.

But what exactly are the best sales jobs out there? And what does it take to land one of these coveted positions? In this comprehensive guide, we'll break down the top highest-paying sales jobs you should consider in 2024, complete with average salaries, key responsibilities, and tips for success. By the end, you'll have a clear roadmap for taking your sales career to the next level and unlocking your full earning potential. Let's dive in!

Highest-Paying Tech Sales Roles to Boost Your Income

Tech sales offers some of the most lucrative career opportunities for sales professionals. The following roles have high earning potential:

1. Sales Engineers

Sales engineers combine technical expertise with sales skills to sell complex tech products. They simplify technical concepts for clients and collaborate on product development. A bachelor's degree is typically required.

Median annual salary in 2022: $108,530. Top performers can earn much more with commissions.

2. Software Sales Executives

Software sales executives sell enterprise software solutions to businesses. They need a deep understanding of the products and the ability to communicate value. Having both technical knowledge and sales acumen is key. Check out these sales discovery questions to enhance your skills.

OTE can range from $200K to over $500K depending on the company and individual performance. Commissions and bonuses enable high earnings.

3. SaaS Account Executives

SaaS (Software as a Service) account executives manage sales for cloud-based software. They develop relationships with key accounts and ensure customer success. Understanding the SaaS model and how to grow accounts is critical.

Median OTEs are around $200-300K but top AEs at leading SaaS companies can earn $500K+ with a strong commission structure. Using sales prospecting tools can help you reach these earnings.

Ultimately, the highest paying sales jobs in tech go to those who can combine deep product knowledge with the ability to solution sell. With the right skills and at the right companies, it's possible to achieve very high earnings in tech sales roles.

In the next section, we'll explore lucrative medical device sales opportunities and what's needed to succeed in that field.

High-Paying Medical Device Sales Jobs to Skyrocket Your Earnings

Medical device sales is an exciting, challenging field that offers some of the highest earning potential in sales. Medical device sales reps sell everything from surgical instruments and implants to high-tech equipment. While the sales cycles can be long, the large deal sizes lead to hefty commissions for successful reps.

1. The Lucrative World of Medical Device Sales

Medical device sales representatives are the critical link between medical device companies and healthcare providers. They sell a wide range of products, from disposable supplies to cutting-edge surgical robots. Top reps can earn well into the six figures.

According to MedReps, medical sales reps earn an average total compensation of $149,544, with an average base salary of $92,698 and an average bonus of $63,318. With commissions, it's possible for top performers to earn over $400,000 per year.

2. Why Medical Device Sales Reps Earn Sky-High Commissions

Medical devices are big-ticket items. A single sale can be worth hundreds of thousands of dollars. While sales cycles are longer than in other industries, often 6-18 months, the large deal sizes mean hefty commission checks.

For example, a rep selling a $500,000 surgical robot might earn a 10% commission - that's a $50,000 payday on just one sale. With a few of those deals per year, plus smaller ongoing sales, annual earnings can quickly climb into the mid six-figures.

3. Key Skills Needed to Succeed in Medical Device Sales

To thrive in this competitive field, medical device sales reps need a unique combination of skills. First and foremost, they need to build strong relationships with surgeons, nurses, and hospital administrators. Trust is critical when selling high-stakes medical equipment.

Reps also need to be comfortable in clinical settings like operating rooms and have a solid grasp of medical terminology. In-depth knowledge of anatomy, physiology, and surgical procedures is a must. And of course, strong sales skills are essential to navigate complex deals.

The highest paying sales jobs in medical devices go to reps who can master the technical knowledge, clinical know-how, and sales hustle needed in this demanding field. With the right skills and tenacity, it's possible to build a lucrative career in medical device sales.

Next up, we'll explore how you can earn big bucks in real estate sales, where high-value deals can lead to even higher commissions. Stay tuned!

Looking to improve your sales calls? Use our detailed sales call guide to get better results and close more deals.

For more on succeeding in sales, check out our guide on preparing for a sales call.

Earn Big in Real Estate: High-Value Deals, High Rewards

Real estate sales offer a lucrative career path for those with an entrepreneurial spirit. Agents and brokers can earn hefty commissions on high-value property sales, with the potential for six-figure incomes. While residential real estate is the most common starting point, commercial real estate can offer even higher earning potential.

1. High Commissions on High-Value Properties

Real estate agents typically earn a percentage of the sale price as their commission. While commission rates vary, they're often around 5-6% of the sale price. On a $500,000 home sale, a 6% commission equates to $30,000. Commercial properties often have even higher price tags, leading to larger commissions.

For example, a commercial broker who closes a $5 million office building sale at a 4% commission rate would earn $200,000 on that deal alone. The higher the property value, the higher the potential commission.

2. Be Your Own Boss in Real Estate Sales

Many real estate agents are attracted to the field for its entrepreneurial nature. As an agent, you're typically an independent contractor, not an employee. You have the flexibility to set your own schedule, choose your niche, and build your client base.

Successful agents treat their work like running their own business. They invest time and money in marketing, networking, and professional development. The more effort you put in, the more you can get out in terms of deals and commissions.

3. How to Get Started in Real Estate Sales

To become a real estate agent, you'll need to complete your state's required pre-licensing courses and pass the licensing exam. Each state has different requirements, but most involve 60-90 hours of coursework.

While the barriers to entry are relatively low compared to other high-paying fields, success in real estate takes dedication. Many new agents don't earn much in their first year as they learn the ropes and build a client network. But for those who persevere, the rewards can be substantial.

Real estate sales offer a path to high earnings for those willing to hustle and grind. The highest-paid sales jobs in real estate go to those who work hard, build expertise, and close high-value deals.

Building a prospect list can help you identify high-value properties and clients. Up next, see how you can cash in on commissions selling luxury goods and services to affluent clients. Keep reading, you won't want to miss it!

Selling Luxury Goods: High Commissions for Those with Taste

For sales professionals with a flair for style and strong interpersonal skills, luxury sales can be a lucrative career path. From high-end automobiles to designer fashion, fine jewelry to exclusive travel packages, selling to affluent consumers offers the potential for substantial commissions on big-ticket items.

1. The Allure of Luxury Sales Roles

Luxury sales positions attract those with an eye for quality and a knack for building rapport with discerning clientele. While base salaries may be modest, the real earnings potential lies in commissions. Successful luxury sales professionals can earn six figures or more annually.

For example, a luxury car sales consultant who sells just two $100,000 vehicles per month at a 5% commission rate would earn $10,000 in monthly commissions alone. Those who can consistently close high-value deals stand to reap substantial financial rewards.

2. Commissions Add Up Quickly on High-End Sales

In luxury sales, base salaries often take a back seat to commissions. Many companies offer commission structures that heavily incentivize sales performance. The higher the price tag on the item sold, the larger the potential commission.

Consider a fine jewelry sales associate who earns a 7% commission on sales. Selling a $50,000 diamond necklace would yield a $3,500 commission on that single transaction. With just a handful of such sales each month, commissions can quickly dwarf base salary.

3. Understanding the Luxury Buyer Mindset

Succeeding in luxury sales requires more than just product knowledge. It demands a deep understanding of the luxury consumer mindset. Affluent buyers often seek out unique, exclusive experiences and expect personalized attention.

Building lasting relationships is key. Luxury sales professionals must be adept at anticipating client needs, providing expert guidance, and delivering exceptional service. Intimate knowledge of luxury market trends and an ability to cater to refined tastes are essential.

While landing a role in luxury sales may require relevant experience and a polished presence, the financial rewards can be well worth the effort for those who can tap into the highest paying sales jobs and deliver results. Ready to explore your earning potential in this prestigious niche?

Automate your sales prospecting with Bardeen's tools to save time and increase your impact by turning repetitive tasks into a single click.

Now that we've piqued your curiosity about luxury sales, keep reading - there are even more fascinating insights ahead in this article! You won't want to skim over what's still to come.

Conclusions

Knowing the highest paying sales jobs is crucial for maximizing your earning potential in a sales career. This guide covered:

• Tech sales roles like sales engineer and software sales exec, which require both technical and sales skills
• Medical device sales, where reps earn big commissions on large deals but need medical knowledge
• Real estate sales, with high rewards for selling expensive properties as an entrepreneurial agent or broker
• Luxury sales jobs in industries like high-end cars and fashion, where taste and people skills pay off

Don't miss out on these lucrative sales career paths - your wallet will thank you later! Learn more about sales intelligence for even greater success.