<div class=”d4p-bbt-quote-title”>Jonesy wrote:</div>
Wild hair idea I had recently about doing a complete career change.
How viable is boat salesman as a career. I’m not talking owning a dealership or being top in the region for sales type of guy. Just your average salesman. Is it a worthwhile career that you can support a middle class lifestyle on? Anybody here have any experience they wish to share or pm?
My take is how old are you and what is your goals beyond supporting a middle class lifestyle? Are you comfortable with your current financial position and retirement plan to make the switch? Having been the primary sales guy for my company, it’s like alot of them stated, it’s a 24/7 job as most people order on weekends or after traditional work hours. Also in the big picture, as also someone stated, we are due for a recession within the next 12 months, are you prepared to weather that storm because it is coming. Also the reality in the market is that the last 5 years and maybe the next year probably represents the high point in the market. With 10,000 baby boomers retiring each day, the market and the interest in boats has probably peaked, maybe the same for alot of things. I believe this is why you are seeing a lot of consolidation in the outdoors markets these days. Not that any other field has it’s risks but it takes time to build up a clientele. My dealer is the only one I will deal with however I have been working with them since 1988. In sales confidence is key and truth be told, if you are competent, if it don’t work out there are plenty of opportunities for an individual that has some moxi, so if you answer the first question honestly, I’d say go for it but have Plan B for sure.
Tons of good points here. My thoughts are that if someone is on the fence about getting into sales when the market is doing pretty well, then there’s no way I’d make the switch. Worse days and risks will always be on the horizon, as Dave pointed out.
I too am of the thinking that the markets and economy as a whole are going to substantially level-off in the next 18-24 months. Some technology growth may help with the widespread 5G infrastructure advancements, but other than that things seem to be about “as good as their going to get” related to growth when you take into account recent tax cuts, low interest rates, etc.
For those who are into studying the economy or did in their younger years (call me a nerd – it’s fine), the relationship between short term and long term interest rates (AKA Yield Curve) has been one of the most accurate indicators of economic downturns throughout history. For those who believe in this formula and data…odds are they would be predicting a measurable economic downturn in ~18-24 months.