Careers in Timeshares

[Saintsfanfl]

Please don't tell me what i am. I know what I am. I was a union steam fitter for 7 years, my back has given out and two surgeries later I cannot fullfil the job duties. I used to work 7/10s.
TS salesman work 4 on 2 on from 8am-3pm, therefore, easy hours and plenty of time for lazy, comparably lazy to welding pipe. I don't like people telling me what I am.

You're the one who said you were lazy and after the easy (or easier) money. You also said you smoke or have smoked weed and you're 26. I'm just commenting on the info you are giving us.

Right now you are suffering from illusions of grandeur and I am trying to bring you back to earth. Timeshare sales, or any sales for that matter, is hard work and extremely high turnover. No, it's not hard physical labor, but hard physical labor is easier in many ways. A pot smoking 26 year old with a bad back that wants to sit back and collect $4k a month in rent is likely going to struggle at timeshare sales.

Good stuff.

Edited: I don't count selling cars the same as other sales positions. The reason is car selling is not cold sales. People need cars so they usually come on their own with a need. Car selling, while being commission based, is still just a very small step above selling computers at Best Buy. Timeshare selling is at the far end of the spectrum of selling something that nobody needs. Nobody "needs" a timeshare, and I mean nobody.

 

[benyu2010]

It seems Wyn did make a nice sale of retail on this 26 year-old pot smoker. It is not easy money that some grannys just signs up everyday. It is extremely tortourous and gut wrenching position that you have to constantly twist and lie to gain any perspective.

Depoe Bay is the crown jewel of the system and owners or renters tend to be more seasoned. Under current econimic climate and saturated market of Pacific Coast, it is simply hard to imagine that you may make a killing by selling timeshares. And it does require some questionable practices as the traits of success, if you are comfortable of them.

I soaked myself in that ocean facing hot tub under any type of weather from time to time. Please "update" me on my next visit and I am curious if you could last before I update your status here.

P.S. I'm never against struggling person just tries anything. But, I have serious doubt you could stay overa year. Good luck...

 

[Rent_Share]

His goals match his chances of succeeding ZERO​

 

[Saintsfanfl]

His goals match his chances of succeeding ZERO​

Then you could say he has already achieved his goal, minus the pot of gold.

 

[1950bing]

One other thing I would like to add. Every TS salesman I met thought EVERYONE
needs a timeshare. WRONG !
Listen to to the people. Take interest in their vacation habits and needs. Understand their financial status. Know that life is more than TS.
There will be times when your have nothing to offer them, tell them so !
Don't use the, " got em now, don't let them up for air ploy. You WILL buy buy buy !!!! from me. "

 

[ace2000]

I also suspect Daner is a troll and is just trying to stir the pot.

 

[Saintsfanfl]

It's an old article but still worth reading.

http://www.cnn.com/2007/TRAVEL/05/08/timeshare.salesperson/

 

[theo]

Yessa!

I also suspect Daner is a troll and is just trying to stir the pot.

Ditto here...

 

[Saintsfanfl]

One other thing I would like to add. Every TS salesman I met thought EVERYONE
needs a timeshare. WRONG !
Listen to to the people. Take interest in their vacation habits and needs. Understand their financial status. Know that life is more tan TS.
There will be times when your have nothing to offer them, tell them so !
Don't use the, " got em now, don't let them up for air ploy. You WILL buy buy buy !!!! from me. "

I agree but you couldn't use that approach and keep your job though. All timeshare positions require a high closing percentage or you are out the door. Even positions that are 100% commission based require a very high closing percentage to maintain employment. A low % closer wastes both the customer incentives which erode the bottom line and the potential sale.

Marriott sometimes gives 15-22K in reward points for a presentation. They can't afford those incentives without a high closing percentage.

 

[Passepartout]

Whether of not Daner is a troll is immaterial. Given the pearls of his particular wisdom he has shared already, I don't predict a long and illustrious career with his future employer. Just another line or two on his growing resume.

I hope he finds some line of endeavor that he can pour his youthful enthusiasm into. Work you love isn't work.

Jim

 

[Saintsfanfl]

Whether of not Daner is a troll is immaterial. Given the pearls of his particular wisdom he has shared already, I don't predict a long and illustrious career with his future employer. Just another line or two on his growing resume.

I hope he finds some line of endeavor that he can pour his youthful enthusiasm into. Work you love isn't work.

Jim

I had three younger 20's employees last year that would often whine and complain. Everytime I would say "That's why they call it work and you get paid to do it, if it was fun you would do it for free or pay a fee". :rofl:

 

[Rent_Share]

perhaps moving north and selling pot

 

[Saintsfanfl]

perhaps moving north and selling pot

Well you can't actually sell it yet legally. That could take several years and a license process that would be too much work for the OP. At first thought giving it away as a timeshare sales incentive sounds good for the OP but it's also currently illegal to give away pot in WA. You can grow it and smoke it in private (but not in the national forest which would be a federal crime) but you can't sell or give it away. It's humorous that even though it is technically legal to smoke weed in WA, it's actually illegal to smoke it in the vast majority of the state.

 

[BocaBum99]

Then you have zero chance of success. I have many personal friends that make a fortune in sales. They have two traits in common. They are extremely hard workers (and not lazy), and they love selling.

You, my friend, will have a very short sales career. Even with something as deceptively shady as timeshare sales, you must be a very hard worker. You don't have the stamina or the stomach for it.

timeshare salesmen don't have to work hard. In fact, the best one's don't. You just need to be able to manipulate people's emotions and use that skill to close sales. The top timeshare sales guys I have encountered don't work more than 5 hours per day and earn over $300k per year doing it.

 

[MOXJO7282]

timeshare salesmen don't have to work hard. In fact, the best one's don't. You just need to be able to manipulate people's emotions and use that skill to close sales. The top timeshare sales guys I have encountered don't work more than 5 hours per day and earn over $300k per year doing it.

That may be true for seasoned sales guys but for a 26 yr old starting out he's needs to work his ass off!! I tell my kids all the time the irony of life is the harder you work when you're young the less you have to when you get older and the less work you do now the more work you will do later in life.

 

[Saintsfanfl]

timeshare salesmen don't have to work hard. In fact, the best one's don't. You just need to be able to manipulate people's emotions and use that skill to close sales. The top timeshare sales guys I have encountered don't work more than 5 hours per day and earn over $300k per year doing it.

That is likely a little stretch of the truth but it would be a heck of an efficient sales process. 3 presentations per day @ 245 working days per year @ 30% closing rate = $1,360.54 per closing. Not bad. To only work 5 hours per day you need to complete one post presentation closing process in 30 min or less and zero time for before and after staff meetings. It's not going to happen but I agree successful ones are out there.

The salesman that "don't work hard" are salesman that love to b.s. and love to sell. It comes naturally to them. They are out there for sure but they are a rare breed.

 

[DazedandConfused]

contract? i dont have a contract, I still got two weeks til my real estate exam. Im just doing research. I have no problem tipping yall off when I learn about stuff like that. I just wanna make some money, buy a few triplexes, rent em out, and live off $4K a month in rent $. Im not in it for the long haul, unless of course Im just incredible.

Everyone is forgetting one simple point - this person has NOT passed the license exam yet and if he is that lazy, he may flunk.

Also, $4k per month in rent profit is not for lazy people as this is $48,000 per year cash flow. To achieve this in real estate, you need to buy at least 5 properties (with no mortgage) and have a 10% ROI (most people have less), then he needs to buy $750,000 in property with CASH.

Rental properties have the following fixed expenses:
1. Mortgage (I will assume no mortgage in this example)
2. Taxes
3. Insurance
4. HOA fees
5. Repairs and maintenance

I am going to guess the following - buy a $150k property and get $1,500 monthly rent (10% ROI). But there are fixed costs, pay $1,500 taxes, pay $1,000 insurance, pay $3,000 HOA fees per year, pay $1,500 repairs per year = $7,000 per year in expenses is about 40% of rent (and this assumes no mortgage).

Thus, rent = $18k per year - $7k expenses = $11k net

$11k net x 5 homes = $55k per year - ($11k personal income taxes) = $44k per year or around the magical 44k per month.

Something tells me this poster does NOT have $750,000 liquid cash to buy 5 homes and rent them for the $4k per month cash flow.

You're the one who said you were lazy and after the easy (or easier) money. You also said you smoke or have smoked weed and you're 26. I'm just commenting on the info you are giving us.

Right now you are suffering from illusions of grandeur and I am trying to bring you back to earth. Timeshare sales, or any sales for that matter, is hard work and extremely high turnover. No, it's not hard physical labor, but hard physical labor is easier in many ways. A pot smoking 26 year old with a bad back that wants to sit back and collect $4k a month in rent is likely going to struggle at timeshare sales.

Good stuff.

Edited: I don't count selling cars the same as other sales positions. The reason is car selling is not cold sales. People need cars so they usually come on their own with a need. Car selling, while being commission based, is still just a very small step above selling computers at Best Buy. Timeshare selling is at the far end of the spectrum of selling something that nobody needs. Nobody "needs" a timeshare, and I mean nobody.

You can probably make $4k per month growing weed, but that may not be legal where you live.

The top timeshare sales guys I have encountered don't work more than 5 hours per day and earn over $300k per year doing it.

That is $6k per week or $1,200 per day or $240 per hour.

I have no idea what top TS reps make, but I am sure the top dogs are with high volume sales centers and this seems possible if they are selling a lot of $10-20k timeshares and get a 10% commission.

 

[gnorth16]

I would trust a pot dealer over a TS salesman...:ignore:

 

[geekette]

I would trust a pot dealer over a TS salesman...:ignore:

At least benefits should transfer on resale.

 

[DazedandConfused]

A pot smoking 26 year old with a bad back that wants to sit back and collect $4k a month in rent is likely going to struggle at timeshare sales.

Put another way, generating $48,000 per year in passive income requires an investment of one of the three listed below (remember increase interest is usually more risky and not always possible to achieve over a 10-20 year time frame):

$1,500,000 @ 3.2% interest
$1,000,000 @ 4.8% interest
$500,000 @ 9.6% interest

Using conservative numbers in today's economy requires about $2,000,000 in cash invested at an average rate of 3% = $60,000 in yearly income. Then you must subtract income taxes (estimate 25%) which is $15,000 to net $45,000 per year.

Not too many lazy pot heads have that much cash laying around. In fact, not too many doctors, lawyers, accountants, school teachers have that much cash laying around.

 

[Steve NH]

Just outta curiousity....
Do you enjoy your timeshares? in the long haul would you say youve saved money or not? or does it suck to be forced to go on vacation?

I love timesharing.
Yes at times i've felt 'forced' to use my timeshare - but never regretted it.
Being forced to spend quality time with friends and family is a good thing.

Been timesharing for 16 years, I've probably broke even by now.

My biggest regret - (to this day) buying directly from the developer. (Before my TUG days)

FYI - I stay at my home resort at least once a year and take the 'tour' (aka sales pitch) almost every year. No question in many cases I know more about the resort and units than the Timesales salesman.

About 5 years ago I made it a point to actually count how many actual lies the salesman throws at me. (I never say anything - just note the lie)

In the past five years I've never had a salesman that did not lie.

Feel free to quote me in any of your sales presentations - as long as you quote my complete comments..

PS - I am a salesrep myself - been for 25 years now - horticultural industry. Pick the right product line and right company to represent and you do not have to lie - or even come close to it. (Yes I've actually suggested that the customer buy a particular product from someone else..)

Search this forum and you will find a 'former timeshare salesman' posting about his experience, His take generally was 'If you don't lie and deceive you will not make it as a timeshare salesman'

 

[rleigh]

..........then off to the coast to the last place i would think would be a hotspot for sales.........

......yes depoe bay, for some reason people like to freeze their asses off, get soaked in the rain, and watch grey whales (they post up here 10 months a year)
BTW
Thanks for all the replies, Im still going for it, Ill probably end up selling houses in the burbs of portland, oregon. its my home town, lived here all my life, 26 years.....

An Oregon native not realizing the value of the Oregon coast?!
And storm watch season is awesome! :whoopie:
Get your Columbia Sportswear gear ready!


///

 

[ronparise]

timeshare salesmen don't have to work hard. In fact, the best one's don't. You just need to be able to manipulate people's emotions and use that skill to close sales. The top timeshare sales guys I have encountered don't work more than 5 hours per day and earn over $300k per year doing it.

Ive heard it said that Sales, when done right is the easiest, high paying job their is....and done wrong is the hardest low paying one