PHARMA ENDING SOON...WHERE TO GO?


Anonymous

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With the demise of the industry now in sight where is the best place to go to find a high paying sales job with a lot of potential?

There has to be another industry that rewards the sales reps nicely?
 
















With the demise of the industry now in sight where is the best place to go to find a high paying sales job with a lot of potential?

There has to be another industry that rewards the sales reps nicely?

The common answer is always device or supply. I think the way to go is independent sales representative, if you are a hard worker and can actually sell something and are no afraid of rejection. I guess that eliminates 98 percent of pharmaceutical reps!

JC Pennys is probably the best fit for that 98 percent.
 








Pharma reps are not going away. They will be here for the foreseeable future. The job will look different and there will be far less of us than there are today but even if a drug rep only has a 1% influence on what drug a physician chooses 1% of billion dollar markets is still very lucrative and drug reps generally pay for their entire package very early in the fiscal year. What it will probably look like is less reps caring larger portfolios of drugs covering a larger geographic area. For instance if you are a primary care rep you may have a third of a state and cover the community, academic/institutions, and hospitals for 10 different products. The “POD Selling” is going away and so is the “hospital rep”. With access being limited there is no need to have this many reps so specialized.
 








With the demise of the industry now in sight where is the best place to go to find a high paying sales job with a lot of potential?

There has to be another industry that rewards the sales reps nicely?

Serioulsy, the place to go is back to school for a specialized field. Sales is good, but you will just end up like Willy Loman or something like that...

always being someone you are not for the sake of making money for your company.

always having to play the role, all the time.

its a crap way to live.
 
















we used to goof on contract pharma reps but now it looks like they'll be working long after us "permanent hires" are

anyone that goofs on anyone needs to get punched in the mouth.

companies today just quit on people, and when you work your tail off, get good numbers, and still get downsized...

then you know its all a joke. life is a bust.
 
















Can we get some more suggestions on this? I was thinking about Real Estate Sales.

While you can become very wealthy in residential real estate sales, it's gonna take a long, long time to get there. Somewhere I read that the average residential real estate sales person made around $25-30 K. And that was in good times. Lots of part timers in the business, and lots of socialite-wannabee ladies who use those connections to their best interests (and there's no law against that). Even in "good markets," and I happen to live in an area that is ranked among the best job markets in the country, prices are down and it's hard to move property.

Out of that you may have to pay for advertising (which may mean stuff like sponsoring the little league team up to billboards), transportation (a decent car), continuing education, etc.

Just walk into it with eyes wide open. Although you're working under a broker, you're in business for yourself -- and trust me, that has lots and lots of pitfalls and one day you can wake up and find you're 100K in the hole. And residential sales means lots of nights and weekends. Again, okay, but don't think it's the Holy Grail.
 








Most of the pharma reps I know couldn't sell an umbrella in a rainstorm.....to anyone. Unless you have actual sales experience outside of pharma, you need to find another occupation. Here are some ideas: catering, chauffer, inventory. Or maybe start out as a bottom ladder salesman and acutally learn how to sell something.
 
























Most of the pharma reps I know couldn't sell an umbrella in a rainstorm.....to anyone. Unless you have actual sales experience outside of pharma, you need to find another occupation. Here are some ideas: catering, chauffer, inventory. Or maybe start out as a bottom ladder salesman and acutally learn how to sell something.

it's true. i couldn't sell an umbrella in a rain storm. but i did sell your mom some lovin'. guess she most have really needed it. btw, she's kinda stinky.
 
















Most of the pharma reps I know couldn't sell an umbrella in a rainstorm.....to anyone. Unless you have actual sales experience outside of pharma, you need to find another occupation. Here are some ideas: catering, chauffer, inventory. Or maybe start out as a bottom ladder salesman and acutally learn how to sell something.

We have finally found out who the biggest A Hole is the world is. Write something productive, idiot.

What the F can you sell?
 








With the demise of the industry now in sight where is the best place to go to find a high paying sales job with a lot of potential?

There has to be another industry that rewards the sales reps nicely?

Pharma is not ending. A multi billion dollar business doesn't just end.

good sales people always make money. Now, in this economy, a good salesperson is going to suffer, as anyone would in 2010.

But, in the long run, things will be fine. Just find another sales job or work for the state or go back to school.

It really isn't a big deal. If you want to work, you can always make money.

the more important thing is to CUT EXPENSES.
 








it's true. i couldn't sell an umbrella in a rain storm. but i did sell your mom some lovin'. guess she most have really needed it. btw, she's kinda stinky.

What’s funny about this statement is that medical device is the easiest thing in the world to sell if you have a superior product with a fair price. Sorry device guy but the doc/hospital is not buying because of your superior sales ability they are buying because you sell the product with the best price/outcomes ratio. The products that truly prove the ability of a salesperson is a commodity product priced similarly. If the outcomes/results of a product(in any given industry) are negligible and the price in negligible between competitors that’s when you can show on paper the skill of a sales rep. If you sell the best pacemaker the pacemaker is selling itself not the rep. Sorry device guy but if you tried to float what you do in the open market you would be equally at a disadvantage as pharma rep. I don’t care if you are selling to the biggest institution in the country and dealing with “C Suite” personnel, the buyers in the medical field are the biggest losers, and lowest purchasing agents in the world. I left device and pharma and went into selling industrial chemical systems selling B2B and in a bad year I make $300K a year but I deal with the hardest ass strongest negotiators in the world. I remember selling into hospitals and the buyer and “C-suite” guy always would have to acquiesce to a MD chair and really had limited decision making power. If you want to test you mettle as a salesperson get out of medical and come to real B2B and, no copiers, hip implants, pace makers, etc, is not B2B!!!
 








What’s funny about this statement is that medical device is the easiest thing in the world to sell if you have a superior product with a fair price. Sorry device guy but the doc/hospital is not buying because of your superior sales ability they are buying because you sell the product with the best price/outcomes ratio. The products that truly prove the ability of a salesperson is a commodity product priced similarly. If the outcomes/results of a product(in any given industry) are negligible and the price in negligible between competitors that’s when you can show on paper the skill of a sales rep. If you sell the best pacemaker the pacemaker is selling itself not the rep. Sorry device guy but if you tried to float what you do in the open market you would be equally at a disadvantage as pharma rep. I don’t care if you are selling to the biggest institution in the country and dealing with “C Suite” personnel, the buyers in the medical field are the biggest losers, and lowest purchasing agents in the world. I left device and pharma and went into selling industrial chemical systems selling B2B and in a bad year I make $300K a year but I deal with the hardest ass strongest negotiators in the world. I remember selling into hospitals and the buyer and “C-suite” guy always would have to acquiesce to a MD chair and really had limited decision making power. If you want to test you mettle as a salesperson get out of medical and come to real B2B and, no copiers, hip implants, pace makers, etc, is not B2B!!!

Sign me up.

Risk/reward is what needs to be assessed for any sales job.

That, and the company culture. Find a company that isn't going to make you do all the work, and them get all the pay.

Your post gives me hope that there are sales jobs with potential.
 








What’s funny about this statement is that medical device is the easiest thing in the world to sell if you have a superior product with a fair price. Sorry device guy but the doc/hospital is not buying because of your superior sales ability they are buying because you sell the product with the best price/outcomes ratio. The products that truly prove the ability of a salesperson is a commodity product priced similarly. If the outcomes/results of a product(in any given industry) are negligible and the price in negligible between competitors that’s when you can show on paper the skill of a sales rep. If you sell the best pacemaker the pacemaker is selling itself not the rep. Sorry device guy but if you tried to float what you do in the open market you would be equally at a disadvantage as pharma rep. I don’t care if you are selling to the biggest institution in the country and dealing with “C Suite” personnel, the buyers in the medical field are the biggest losers, and lowest purchasing agents in the world. I left device and pharma and went into selling industrial chemical systems selling B2B and in a bad year I make $300K a year but I deal with the hardest ass strongest negotiators in the world. I remember selling into hospitals and the buyer and “C-suite” guy always would have to acquiesce to a MD chair and really had limited decision making power. If you want to test you mettle as a salesperson get out of medical and come to real B2B and, no copiers, hip implants, pace makers, etc, is not B2B!!!

Question on selling something like "industrial chemical systems"..I sell very well off of emotion. Always have. The FABs and price of my device, as well as the Return on Investment are good, but at the end of the day I prefer to get :"ohhhs and ahhs" when I demo something and then I can close on emotion, which most people buy off of anyways. Even when I sold copiers, I sold off of emotion, i.e. color, ease of use, etc.

I am no way bashing what you sell but am wondering how you get someone emotional about something like that.
 








Question on selling something like "industrial chemical systems"..I sell very well off of emotion. Always have. The FABs and price of my device, as well as the Return on Investment are good, but at the end of the day I prefer to get :"ohhhs and ahhs" when I demo something and then I can close on emotion, which most people buy off of anyways. Even when I sold copiers, I sold off of emotion, i.e. color, ease of use, etc.

I am no way bashing what you sell but am wondering how you get someone emotional about something like that.

don't get too emotional sparky, you might scare the kids.

enthusiasm is good enough without the bells and whistles.