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Dead broke (alien.top)

submitted 11 months ago by Iwannaberich10@alien.top to c/entrepreneur@indiehackers.space

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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

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[–] coachvhuynh@alien.top 1 points 11 months ago

A friend of mine works for SAP Concur (I think that's the name of the company), but hated his first position there because it was mostly cold calling. However, he loved the paycheck which was about $8-10k per month before taxes. It took him about 6 months to get to that. But I'll also say, he was exceptional at sales, whether it was in person, phone, or virtual. It took him a little more than a year and a half to be promoted from that position.

With that said, if you only have $300 to your name, get any job you can right now and start putting money in your bank account so you won't be worrying about paying bills, feeding yourself, etc. It's impossible to think about other needs when the basic ones aren't taken care of. Then while you're working the stop-gap job, you can look for ones you actually want. Even outside of holiday, the Target and Costco in my area has been looking for employees. I think Target was starting at $19/hr and Costco was $21/hr. I know it's not glamorous and you'll have to suck up your pride a little, but again it's a stop gap to take care of basic needs.

Anyway, I have friends in software, and medical device sales. They have been doing it forever, and while they bitch about their jobs they don't bitch about their checks. All of them make 6-figures. Then you can use your free time to grow your side-hustle, and hopefully one day it becomes your full-time and grows huge and you have your own employees. At your age, you should be taking risks - but shouldn't be putting all your eggs in one basket either.

Just remember, you don't always have to love what you do, as long as it allows you to actually do the things you love. And in the process, you might discover the self-employed life isn't for you, and that's okay.

Good luck and post updates on your journey!