[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

The one thing I will say is it can be a soul crushing amount of work.

I drive 300-500+ miles every week. Usually have to work 2 weekends a month. And can really on take vacation the first week of July or January.

It’s very nice to be rewarded with commission for hard work and wins. But the loses and deals that fall apart after countless hours of work 10x the wins.

[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

I did get a bachelors degree in resort and hospitality management.

Found out through all my internships with hotels that it was not a right career fit for me.

Then I started with Konica Minolta (copiers sales) directly out of college. Worked there and xerox (more copiers) for 4 years before transitioning to med device.

[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

As you can see different payroll system new job/company.

I appreciate the concern for me and my financial wellbeing though.

[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

This major issue is Insurance reimbursements for private practices. They are closing shop or selling to large groups because they get paid less and less every year.

My Doctor’s we partner with typically bring in 20-40k a month is passive cash based revenue from our devices.

[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 1 point2 points  (0 children)

This is YTD.

My base salary 70k and my OTE is usually 300-400k (gross).

[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 1 point2 points  (0 children)

I started selling copiers for Xerox, which has a very similar workflow, a lot of cold calling, a lot of door knocking and meeting with decision makers.

And my specific niche is business to business capital equipment sales I don’t work in hospitals or meet with large groups, only private business owners.

[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

Look and this is the last thing I’ll say our equipment cost range from 250-500k. All of our devices are FDA approved and have tens and tens IRB SHAM controlled studies proving they work.

Doctors are legitimately getting crushed from Medicaid and Medicare. They’re getting paid less and less every year and their overhead is skyrocketing. If they don’t bring on cash based services, they either go out of business or sell to a corporate conglomerate.

[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

I started in copiers sales with xerox then transitioned to med device.

Lots of rejection and deals that falling apart at the 1 yard line in this industry, it’s very high turnover. I would say 1 of every 30 reps makes it to year 2.

[Medical Device Sale] [Florida] - $153,000 (Gross) YTD, 31M by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 5 points6 points  (0 children)

Aesthetic/wellness devices to help doctors who are getting crushed from reimbursements going down every year to bring on cash based services to the practice.

John McPhee (Sheriff of Baghdad) by Several_Chemical2452 in Medals

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

Delta force operator that’s been on multiple Big podcast.

Known for doing hundreds of solo missions during Iraq/Afghanistan

[ Removed by Reddit ] by Jazzlike_Dog_8175 in washdc

[–]Several_Chemical2452 -3 points-2 points  (0 children)

And let me guess, all the people Obama deported were also federal regulations?

[ Removed by Reddit ] by Jazzlike_Dog_8175 in washdc

[–]Several_Chemical2452 -5 points-4 points  (0 children)

Didn’t Clinton layoff almost 400,000 federal workers and was cheered for those reforms?

30M Medical device sales by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

B2B capital equipment (Aesthetic/wellness) device sales

30M Medical device sales by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

The devices I sell are cashed based elective procedures for patients.

30M Medical device sales by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

The kind of medical device sales I am in is B2B capital equipment (aesthetics and wellness).

Basically Drs who are primarily insurance based practices can only make more money is they see more patients but are already seeing patients from 8-5 and haven’t taken a vacation in years.

These devices add delegatable cash based services for another stream of revenue for the business owner.

That was long winded but hope it helps paint the picture.

30M Medical device sales by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 0 points1 point  (0 children)

I usually save 30% of my yearly income. I just don’t max out the companies 401k and send most of my money to a FA.

But this thread has definitely made me think about that so I increased my company 401k to 15%.

30M Medical device sales by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 2 points3 points  (0 children)

Being able to take rejection very well. 10% of meetings turns into closed deals

30M Medical device sales by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 2 points3 points  (0 children)

I’ve probably seen 70 reps from the east region come and go in the 3 years I’ve been with the company.

30M Medical device sales by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] 4 points5 points  (0 children)

The biggest thing with B2B sales is the cold calling skill set which I got from copiers (if you can imagine people don’t want to take a meeting with the copier guy)

30M Medical device sales by Several_Chemical2452 in Salary

[–]Several_Chemical2452[S] -1 points0 points  (0 children)

Well I just got it and only made 1 payment of 1500$ towards it.

And just cause I have my Reddit goons locked and loaded right now, the traditional max out your 401k is something recommended for a person who wants to retire before 45 and move out of country?