LoopNet reviews about "manager"

39% positive business outlook

Reviews by job title

7 reviews
2.0
Nov 18, 2012
Recommend
CEO approval
Business Outlook

Pros

-Great coworkers, friendly team, competitive environment, a descent amount of incentives, location next to AT&T park, weekly happy hours with free alcohol, free breakfast on Mondays, free fruit and coffees everyday, comp plan easy to understand, you manage your own book of business.

Cons

Let me begin by saying this... I have been with LoopNet for roughly a year and a half, and within that time, I have consistently been a top 5 producer of sales. So, I tell you this, because a lot of people make false claims because they are not hitting their numbers and not making money, so this will allow you to see the opinion of someone who is actually making more money than 90% of the company. - The upper management is extremely sub-par: they make decisions and changes without consulting or even considering the sales team. It is the type of environment where the orders filter down from the top, their is no questioning the policies, it is what it is. Not all, but most of these negatively affect the sales team by making goals higher, but also making it harder to earn more. - The job is a total grind. From 7:30am-4:30pm, you do the same job, calling 100+ people, trying to sell the product. Here are some issues with this. A lot of the leads you are given are bad leads. Some have fake numbers and some have bad email addresses. Unlike most companies, LoopNet does not filter bad numbers or email addresses from their system. For example, you may be given the lead "John Doe or Daffy Duck" with a phone number of 111-111-1111. LoopNet strives on having the most amount of registered users, so it does not require its members to verify their number or email address. This can be very frustrating. Also, many of the people you call, do not understand why you are calling them because they "register" because LoopNet blocks them from continuing on their search unless they fill in their name, number, and email address. So many of these "warm leads" they tell you about, are people who mistakenly come to the site and are prompted to enter this information. - You lose many sales to their "ecom" system. This means that when one of your accounts signs up online, you do not make a commission. Here is the problem: As a sales rep, you are not given a discount to offer, so the client really has no advantage calling you back and giving a credit card over the phone. - Finally... the pay is not competitive. You make a $35k base starting out, after 6-12 months, you can make $38k and after 1.5-2 years, you can make $42k. All of these positions that you are promoted to, you do the exact same job as before. Also, a good sales rep makes about $2500/month in commission; average would be around $1500. Do the math and make your decision. All in all, the place is a revolving door, roughly 10 new hires a month. If you are producing, the management will lay low, but the instant you begin to slip or not hit your numbers, be prepared to have meetings with your regional manager about your numbers.

2.0
Jan 11, 2013
Recommend
CEO approval
Business Outlook

Pros

Your co workers and some free perks are now the only reason anyone would stay at this job now... I help positions in 2 departments for a total of about 3 years and was very impressed in the first year with the company culture, perks and what I learned.

Cons

Now that LN has been bought out things have drastically gone down hill- particularly in the Client Services and sales departments ( the heart of the company) Even before the take over ( I say take over because the new co is literally sucking the life and culture out of what use to be a decent place) The mgmt in the client service department was not great. It reeks of favoritism and fear. God help you if you get on their bad side or have any kind of opinion . The pay is meager and they throw a 1-3% raise at you once a year to get your hopes up and preach about the "opportunity to come"as well.( BTW - it never comes) Since they have been taken over there is even less hope. Those same horrible managers are on edge since their jobs are now in jeopardy and they micromanage to the point of almost giving you an anxiety attack. Your questioned about EVERYTHING including using the restroom during peak business hours ( I am not kidding) and to top it off no one speaks up or goes to HR because they are afraid of their managers. Day to day-You are logged into a queue where you take back to back calls of clients ranging from literally teaching them how to turn on the computer to adding a listing. In this role you are made to feel like you must assist the client so fast to get to the next one you not only frustrates you but the clients as well. Management makes this worse by sending you IM's asking what is taking so long... It is like they do not even remember what its like to do the job.. Oh and if your SUPER busy- don't expect them to log in and help take calls to help, they send most of their calls to VM anyway... And that is if they are even present.. Some of them get to work from home 90% of the year... At the end of the day you feel used up and under appreciated in the client service department and that is the upside if your a favorite"- which is blatantly obvious who they like and who they hate ( yes hate). Sales department is not doing much better - but the "review from a top performer" covers that pretty well- so make sure to read that if you are going into sales there.

2.0
Aug 1, 2012
Recommend
CEO approval
Business Outlook

Pros

Great initial sales training, awesome location near the ball park, average benefits, free beer/snacks on Fridays, free breakfast on Mondays, free baseball tickets once a month during the season. Most of the sales team is young with college degrees.

Cons

If one of your customers that you have been working on for any amount of time signs up online instead of over the phone with you, you will get no credit and this happens a lot. You also have to tag all of your leads once every 30 days or another rep might get the sale or if the client calls in to sign up you will get nothing. If a client has a duplicate (two) account the first person to call them gets the credit not matter who did the work or what account gets upgraded. They do not want you chasing/closing big deals or working with any customers who are already premium members. You can not upgrade/up-sell current members to better products.The system is also designed to reward the top reps with inbound sales calls as well as better leads. But if everyone got the best leads and inbound phone calls there would not be enough to go around so they keep the quotas high and the door revolving. They also do not give you any discounts to sell with, you pitch the same price that your customer sees on the website. The system also strongly resists change. The pay is not very good even if you are a top 10. Real young atmosphere - lot's of egos, gossip, drama. Upper management will lie about all the future opportunities and dangle carrots in front of you when nothing is ever going to present itself. There is not much of a career path, you do not want to be there long enough to get to Senior Territory Manager. You have to clock in and clock out or risk losing any incentive pay outs. They will teach you to be agressive, talk to the decision makers, make them feel uncomfortable, and go for the hard sale, but you run the risk of getting in trouble for doing any of these things. Once you finish sales training you will not have much support after that, they kind of throw you to the wolves and it is up to you to succeed or not.

5.0
Aug 21, 2012

Regarding Loopnet's Sales Department

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

For me the biggest pro I have with the company (besides the amazing perks: happy hour Friday's, random ice cream/chocolate fountain lunch parties, free Giant's games, and countless cash incentives), is the structure. I once worked for a company that lacked order, almost as if everyone was running around like chickens with their heads cut off. Employees were stealing commissions and everyone was willing to throw each other under the bus for a sale. It was stressful, it was dirty, it was chaotic. Loopnet, is not that kind of sales job. There is actual order in the company and although commission is based with your individual sales profit, there is still somewhat of a team attitude. No one is stepping on each others toes and management has a good way of making sure sales are not being stolen. At the same time, the company does not micromanage. From my personal experience, I did the work that was expected and the managers that I worked with not once hassled me after showing up a tad late from lunch or leaving for coffee breaks. Another pro is the training that the Loopnet provides. The company does not just give you a "Loopnet for Dummy's" overview of the company and then throw you out in the sales floor after 5 days of "training" like most companies do. Rather, the training process is very thorough as well as you get one-on-one guidance from individuals that are knowledgeable in their craft. I can firmly say that the training Loopnet provides can actually help you in the long-run by giving you the techniques you need in order to be profitable in sales for any future endeavors. Last, the company provides plenty of growth since promotions are from within.

Cons

If you do not have a thick skin and you truly are not a resilient person, don't even bother wasting your time. I'm not going to sugar coat the job, there are going to be a few clients that will hang up on you (it is inside sales after-all). Let me stress, sales is not for everyone. Although inside sales can be frustrating at times, it can also be very rewarding (specifically financially). Yes, the company provides extensive training. However, you have to be the right kind of person to do the kind of work that Loopnet expects. So I can honestly say that despite the training, there are a few that do not make it and are forced to resign. Numbers are important, obviously. Last, work starts early, around 7AM-7:30AM. On the bright side, you are able to beat traffic/overly-crowded Bart by leaving work before 5PM.

4.0
Dec 5, 2015

Territory Manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Money can be good, nice people to work with

Cons

Management is hit or miss, high pressure sales job, inside sales is not for everyone

4.0
Jun 5, 2017

account manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

great people, benefits and atmosphere.

Cons

got bought out by costar and too many changes, got micromanaged.

1.0
Aug 26, 2023
Recommend
CEO approval
Business Outlook

Pros

Decent pay. And that's it.

Cons

Horrible management. Huge egos. . Very high pressure. Comoany micro manages their mid level managers, which in turn means you are micromanaged down to every minute spent working. Out of touch upper management. No respect for sales staff. Rules change almost weekly. Job promises so much, then tricks you into working mostly as a telemarketer, within high pressure sales. Sneaky.

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