How to Become a Sales Manager
Sales Manager Job Duties
Skills and Qualities of Sales Managers
Sales Manager Salaries
Influential Professional Sales Managers
Leading Sales Manager Organizations
Top Cities for Sales Manager Jobs
Other Careers of Interest
A background in business related courses will increase the chances of obtaining the position of sales manager when employed in a sales position or related field within a company. The personality of a sales manager must be outgoing due to the amount of people they are required to interact with each day.
The contact with dealers and distributors is the responsibility of the sales manager to maintain. Sales statistics are analyzed in order to get accurate sales potential and meet inventory needs by monitoring the preference of customers and sending results to the appropriate departments within the company or organization. Sales managers will also make orders to keep the inventory properly stocked to match the projected sales and ensure that orders can be filled adequately. The overall goal of a sales manager is to maximize a company's profit.
Sales managers are also required to travel to various events to keep them up to date with the latest market trends. Computers are utilized to enter sales and contact information in larger firms in order to speed up the process and increase sales potential for the staff.
Creativity, the willingness to work long hours and to travel are all a plus when it comes to getting promoted to the position of sales manager. Certifications programs are available to make the possibility of obtaining a promotion to sales manager easier for sales representatives and others in related positions within the company or organization. Communications skills are vital due to the relationship of the sales manager to the staff, vendors, distributors and clients.
Sales managers currently average an annual salary of $90,000 with the lowest ten percent of the earnings range averaging over seventy-one thousand dollars annually while the highest ten percent of the earning range have an average earnings of over one hundred-thirty-six thousand dollars annually. Mid-range earnings for sales mangers range from eighty-four thousand to almost one hundred and nineteen thousand dollars annually.
With bonuses sales managers' current earnings are estimated to average well over one hundred thousand dollars annually according to the salary calculator at salary.com. Those in the lowest ten percent of the earnings range earn just over eighty-two thousand dollars annually when bonuses are included while those in the highest ten percent earn almost one hundred ninety-seven thousand dollars annually on average. (Bonuses for sales managers are normally equal to a minimum of ten percent of overall sales which is usually more than the annual base salary received.)
The salary of a sales manager is dependant not only on the size of the sales territory being covered but the amount of actual sales made which will affect the amount of bonuses received. The amount of responsibility given to a sales manager, the length of employment, industry, firm size and educational background will all have an affect on the amount of salary that is earned.
Dr. Daniel McQuiston Ph.D, CSP is the education director for the Manufacturer's Agents National Association.
The Manufacturers' Representatives Educational Research Foundation located in Arvada, CO provides educational programs for the certification of sales representatives which can help them advance to the position of sales manager.
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