09.09.2024
Professional Advice
As the tech sales industry grows and diversifies, the demand for experienced mentors and advisors has skyrocketed. Skilled professionals who have navigated the challenges of tech sales are perfectly positioned to share their knowledge with those at earlier stages of their careers. This opens up an exciting new avenue for seasoned tech sales representatives and account executives to monetize their expertise while guiding the next generation of sales professionals.
In this blog, we’ll explore practical strategies for tech sales veterans interested in becoming mentors. We’ll dive into the skills, insights, and experiences that make an effective advisor, provide tips for building client relationships, and offer advice on leveraging platforms like My Career Shop to connect with and support those entering the field. If you’re an experienced tech sales professional, here’s how to translate your knowledge into meaningful—and profitable—mentorship.
For experienced tech sales professionals, becoming an advisor or mentor opens up substantial opportunities, both financially and professionally. As tech sales expands rapidly and new professionals flood the field, the need for experienced mentors has never been greater. Companies are increasingly investing in the development of their sales teams, recognizing that skilled advisors can help build high-performing sales teams faster than traditional training methods alone. As a seasoned professional, you can turn your expertise into an additional income stream by offering valuable guidance and mentorship to aspiring tech sales reps.
The tech sales landscape is booming, with roles like Sales Development Representatives (SDRs) and Account Executives (AEs) in high demand. According to LinkedIn’s Jobs on the Rise report, sales roles—including tech sales—are among the fastest-growing positions globally. However, with growth comes the challenge of preparing and developing new talent quickly. As a result, companies and individuals alike are looking for experienced advisors who can share insights, teach proven strategies, and help new reps accelerate their learning curve.
Many companies have found that mentorship programs boost employee retention and performance. Studies by Gartner reveal that mentorship can reduce turnover by 50% for mentees and 38% for mentors. For tech sales professionals, mentorship offers an opportunity to supplement their income while fostering the growth of the next generation of sellers. Furthermore, platforms like My Career Shop have made it easier than ever for experienced professionals to connect with those seeking mentorship, giving mentors the ability to reach a global audience of mentees.
A tech sales advisor does more than just answer questions about the field; they offer personalized, actionable insights that help their mentees navigate specific challenges in tech sales. The following qualities are essential for those looking to become impactful mentors:
Through sharing your expertise in these areas, you’ll provide your mentees with a toolkit for success in tech sales, positioning them to thrive in their roles and advance in their careers. By doing so, you help fulfill the industry’s demand for skilled sales mentors while establishing yourself as a trusted advisor, capable of making a lasting impact.
As a mentor, one of your most impactful roles is teaching resilience and motivation in a field that demands it daily. Kashif highlights how rejection, market fluctuations, and long sales cycles can challenge even seasoned professionals. Your role as an advisor is to prepare mentees to face these challenges confidently.
To succeed in tech sales, professionals need resilience and a clear sense of purpose. Tech sales can be a rollercoaster, and Kashif emphasizes the importance of understanding one’s “why.” As an advisor, you can help mentees identify their motivation and stay focused on long-term career goals, even during challenging times. Share strategies like setting personal performance benchmarks, finding intrinsic motivation, and framing “no” responses as steps toward “yes” opportunities.
Kashif’s emphasis on being a “customer expert” rather than just a seller is foundational for success in tech sales. Advise your mentees to listen closely to client concerns and understand their businesses deeply. This approach goes beyond simply pushing products—it’s about positioning yourself as a trusted advisor. Teach your mentees to engage clients in meaningful conversations about their goals and challenges, demonstrating that their job is to solve problems, not just to close sales.
The career journey in tech sales can be complex, with many paths to explore and a variety of roles available, from entry-level SDRs to account executives. Setting realistic expectations and clear goals is essential for new tech sales professionals to stay motivated and grounded. Kashif’s career path—starting as an inside sales account manager and progressing to an account executive—provides a real-life example of steady growth in tech sales.
Many entering tech sales may not fully understand the roles within the field or the progression path to higher positions. As an advisor, you can guide them through the stages, from SDRs and BDRs to Account Managers and Account Executives. Use Kashif’s example to show how each role builds foundational skills essential for future roles. Explain that the SDR and BDR roles emphasize prospecting and initial client engagement, while Account Managers work on relationship-building and client retention.
Help mentees set short-term and long-term goals that align with realistic career milestones. For example, a short-term goal for an SDR could be achieving a specific number of successful meetings with prospective clients each month, while a long-term goal could be moving into an Account Manager role within a year. Share Kashif’s advice on patience and encourage mentees to celebrate incremental successes, helping them build confidence as they advance in their careers.
In tech sales, compensation structures are complex, but offer significant financial rewards for top performers. Understanding the intricacies of On-Target Earnings (OTE), commission structures, and performance-based rewards can help new professionals maximize their potential. These compensation models are central to sales roles, where high achievers can surpass set targets to earn substantial income, and recognition programs like the President’s Club highlight and reward top performers in ways that go beyond monetary gain.
On-Target Earnings (OTE) is a common term in tech sales and other sales-heavy industries. OTE represents the total annual earnings a sales representative can expect if they meet their target performance or quota. It includes both the base salary and the variable commission components. For example, if a tech sales position offers an OTE of $100,000, that could mean a base salary of $60,000 and a commission opportunity of $40,000 if the sales rep achieves their sales target for the year.
OTE serves as a motivator because it represents a realistic potential income that can be achieved with target performance. However, because sales are dynamic and unpredictable, actual earnings may fluctuate above or below the OTE depending on individual performance. High performers who exceed their sales targets often earn more than the stated OTE due to uncapped commissions and accelerators, which increase the commission rate after surpassing 100% of the sales quota. For example, companies like Salesforce, Oracle, and HubSpot implement accelerator plans where top performers can earn up to twice their OTE if they achieve 150% or more of their targets.
Commission Structures in tech sales vary widely, but most follow either a revenue-based or profit-based model:
Companies frequently combine these models with accelerators and bonuses to further incentivize performance. For instance, a rep might earn a 10% commission rate on initial sales but see that rate increase to 15% once they hit 125% of their target. This incentivizes ambitious reps to exceed their quotas, creating a competitive, performance-driven atmosphere within tech sales teams.
While financial rewards are a significant motivator, many tech sales professionals also strive for exclusive recognition programs like the President’s Club, which offer prestigious acknowledgments for top performers. President’s Club is typically an annual event where the company’s highest achievers—those who have exceeded their quotas by a substantial margin—are celebrated and rewarded. The criteria to qualify vary, but it generally involves achieving high revenue, closing significant deals, or exceeding sales targets by 150% or more.
President’s Club Benefits:
Other Recognition Programs:
By understanding both the financial and recognition-based rewards in tech sales, experienced professionals can better advise their mentees on setting career goals, staying motivated, and strategically aiming for achievements like the President’s Club. These rewards demonstrate that tech sales is not just about closing deals; it’s a career path filled with opportunities for financial growth, professional recognition, and personal fulfillment.
In tech sales, staying updated with industry trends and technologies is critical. As Kashif points out, tech sales professionals must navigate a landscape that includes everything from software and hardware to cloud computing and AI. Advisors can play a key role in helping mentees stay current and adaptable.
Encourage mentees to develop tech fluency in areas relevant to their clients. Explain that an understanding of technologies like cloud solutions, cybersecurity, and AI can differentiate them in client interactions. Recommend reputable courses, certifications, and industry events that will help mentees gain a competitive edge in these areas.
Kashif stresses the importance of curiosity and adaptability. As an advisor, help mentees embrace continuous learning by encouraging them to stay curious about new technologies. Share resources like online tech communities, certification programs, and relevant publications to keep them informed and engaged in the field’s evolution.
For experienced tech sales professionals interested in mentoring, identifying a niche and building a strong online presence is essential. Establishing yourself as a credible, trustworthy advisor can attract the right mentees and allow you to leverage your expertise effectively.
Your experience is your strongest asset, and narrowing your focus to a particular niche can increase your value as an advisor. Kashif’s expertise in account executive roles provides him with insights that would be especially valuable for SDRs and junior sales reps looking to advance. Consider your specific expertise and what sets you apart, whether it’s knowledge of a certain technology, client segment, or sales strategy.
Building an online presence allows you to establish credibility and attract potential mentees. Share insights, articles, and advice on social media platforms like LinkedIn, or even create a blog or YouTube channel to share your knowledge. Use My Career Shop to connect directly with professionals looking for mentorship and build a profile that highlights your expertise and accomplishments.
Now that you’ve positioned yourself as a mentor, it’s time to set up a monetizable advisory service. Platforms like My Career Shop make it easy to connect with mentees while structuring advisory sessions and building an additional income stream.
My Career Shop offers a bridge for tech sales experts looking to monetize their expertise by mentoring those new to the field. To get started, create a compelling profile that highlights your experience, areas of expertise, and any notable achievements, like President’s Club awards or major account wins.
When structuring advisory sessions, consider offering both one-off consultations and ongoing mentorship packages. Kashif’s insights underscore the importance of building trust, which you can do by providing consistent, valuable advice and creating clear session goals. Set fair, competitive pricing and focus on fostering long-term client relationships that can lead to a steady advisory income.
Transitioning into an advisory role allows you to make a meaningful impact by sharing your knowledge and experience with aspiring tech sales professionals. Not only can you achieve professional growth and satisfaction, but you can also enjoy the personal rewards of helping others reach their potential in this dynamic field. If you’re a seasoned tech sales representative or account executive, consider stepping into a mentorship role. Platforms like My Career Shop make it easier than ever to connect with those eager to learn and support the next generation of tech sales talent.
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