I am 20 years old and my business has tanked.
I have $300 left to my name and I need to start cash flowing as fast as humanly possible.
My plan is to get back into sales cash flow 5-10k per month then roll that money into entrepreneurial ventures
I have two years of sales experience -Tech SDR -logistics AE -selling my own offer (small business SAAS)
My question is: What type of sales should I pursue
- Tech sales
- Commission only High ticket closing for personal brand offers (coaching, courses, etc)
I really dislike the corporate space but I know I could land a pretty high paying tech sales job fast with my resume.
High ticket sales is what I really want to do but the barrier to entry is much greater. It’s all about who you know, networking and would take time that I don’t have
What should I do. By this time next month I NEED to be making 5k minimum per month
OP; I want to correct your statement:
“High ticket sales is what I really want to do but the barrier to entry is much greater. It’s all about who you know, networking and would take time that I don’t have”
Corrections:
It is not about who you know. {I knew no one, nor did my colleagues.}
It is not about networking {I had no network, nor did my colleagues.}
The barrier to entry is not much greater. {It takes knowledge, and consistent, successful results to go from SMB to Midmarket to Large Enterprise. I did it. My colleagues have done it and none of us are anything special.}
My advice is the same as Warren Buffet’s:
Invest in yourself! Go to college or go get a sales position or some other job where you can learn the necessary skills and get the necessary experience to move yourself up the ladder a few rungs year. If you’re knowledgeable and consistently productive (aka successful), you could be in “high ticket sales” or a leadership position by the age of 25.
At the age of 20, you’ll have a higher probability of failure than success because you don’t have much real world, business experience. You’re at a point where you don’t know what you don’t know, but you think you do.
Warren Buffett: “You’ll have a more rewarding life not only in terms of how much money you make, but how much fun you have out of life; you’ll make more friends the more interesting person you are. So go to it, invest in yourself.”
Best of luck.