pun

Senior Account Executive

Closed a 10 year deal

whats up yall. This morning got a great news that my client signed a 10 year deal. It took about 9months to close but I finally did. I am happy to say the least as its a 100k+ per year deal. But I dont get paid anything until the client is invoiced and pays each year.

My company kinda didnt congratulate me, I just got some yays but no announcements ( Its the companies first 10 year deal) and nor do I get paid anything for now. What do you guys think?

Does your company pay commisions only on invoices paid?

Attached poll

Yes No Pays some when it closes and rest when invoice is paid

*Voting in this poll no longer yields commission.

🍾 Commission

💉 Medical

☁️ Software Tech

33 comments

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SADNESSLieutenant

Politicker

Officer of ♥️

You should be paid for the sales you generate within a month

antiASKHOLE

Tycoon

Bravado's Resident Asshole

IndianaShep

Politicker

Director of Sales and Marketing

SHOULD

SADNESSLieutenant

Politicker

Officer of ♥️

HAVE TO

pun

Good Citizen

Senior Account Executive

Gracias fellow comrades

antiASKHOLE

Tycoon

Bravado's Resident Asshole

I get paid the first month's total and then a percentage monthly for the full term. This is BS to me and I am upset for you. CONGRATS ON THE DEAL!

pun

Good Citizen

Senior Account Executive

Thanks man!

Telehealth_2the_Moon

Notable Contributor

Director of Business Development

We do 50% within 60 days of closing and the other 50% after go-live.

pun

Good Citizen

Senior Account Executive

That doesn’t sound too bad at all

braintank

Politicker

Enterprise Account Executive

So you gotta stay there a decade to get paid?

pun

Good Citizen

Senior Account Executive

Right. Fucking hell

Sunbunny31

Politicker

Sr Sales Executive 🐰

Congratulations on the deal!

We do get paid the month after invoice, BUT I get paid on ARR + a bump for multi-year, so I am not waiting every year for $$.

pun

Good Citizen

Senior Account Executive

Must be nice!!

Sunbunny31

Politicker

Sr Sales Executive 🐰

I didn't have to used to wait for the invoice...but in this model (smaller company) I am also not facing clawbacks if a customer ends up terminating or not paying.

But yes, it is nice. I've not seen your model before.

NotCreativeEnough

Big Shot

Professional Day Ruiner

we get paid the month following receiving a PO. so say I get a PO for a deal today, I would get paid for that on the last day of November.

pun

Good Citizen

Senior Account Executive

Thats the way it should be. 😤

LordOfWar

Tycoon

Blow it up

We're paid the month after the product ships.

Collecting payments should not be a factor in you getting paid, that's what AR staff and credit insurance is for.

pun

Good Citizen

Senior Account Executive

Amen!!! Our AR sucksss

Diablo

Politicker

Sr. AE

That’s awesome, it’s okay if your company didn’t congratulate you but I would - Congrats.

The same thing for us- we only get paid for future deals if they are paid upfront within the decided payment term.

pun

Good Citizen

Senior Account Executive

Thanks man 🙏🏻🙏🏻

Kosta_Konfucius

Politicker

Sales Rep

Paid when the product is sent to them

jefe

Arsonist

🍁

Huge deal, congrats! You should be proud.

pun

Good Citizen

Senior Account Executive

Thanks jefe! It was a ride forsure

punishedlad

Tycoon

Business Development Team Lead

I used to work for a company that paid out on the first month's billing, and then back paid at the sixth month's billing. I do not work for that company anymore and the CRO was recently fired.

SoccerandSales

Big Shot

Account Executive

Big time win, so let me be one of the first to congratulate you. I agree that you should be paid on the sales you generate each month.

pun

Good Citizen

Senior Account Executive

Thanks soccerandsales, ya that sounds better to me!

TennisandSales

Politicker

Head Of Sales

haha this blows. sorry to hear your comp plan is set up that way. not uncommon, but pretty shitty.

a ten year deal in 9 months, good for you!

pun

Good Citizen

Senior Account Executive

Thanks man!

CuriousFox

WR Officer

🦊

No. A month after the contract is signed.

RckChlkG33k

Big Shot

AE (Account Executive)

I'd get whatever you can right now. Call it a "time value of money discount" and say that you'll take 70% of the commission.

I don't know many people that are staying in jobs for 10 years anymore, and 70 cents today is better than $1 tomorrow which never happens.

I get paid 9% of the TCV (10% commission-1% for the lumpsum payment) which can mean some FREAKING HUGE checks if you play it right.

That's the way it should work.

pun

Good Citizen

Senior Account Executive

Thats a good deal! Imma try it

IndianaShep

Politicker

Director of Sales and Marketing

I get paid the month after my organization is paid. It is not very transparent, and I was the first real salesperson they have had in their 25 years. It is a sysphian task to explain that most people won't accept the commission structure we have.

CryptoPoor

Opinionated

Account Executive

We get paid on invoices issued. After that if the client doesn't pay, he goes into collection and that's far from my problem at this point

Working with SMB, not enterprise level

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pun

Closed a 10 year deal

Does your company pay commisions only on invoices paid?

33 comments

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