I know what I am going to do, but I am curious as to the outlook and opinions of the gentry here.
The TL;DR version: Job rocks, pay sucks. Would you keep it?
Sit rep: It's a really, really, really cool job. One that affords me a bit of a celebrity status, where every restaurateur, country club member, staff and manager, Maitre D' and hostess, within 150 miles knows me on sight first name and last, I never have a problem getting a table and when I am out on a date, my date gets all impressed because people are constantly approaching the table and shaking my hand. Then half the time, the meal is comped. The members of all the wine and cheese type clubs also know me on sight and treat me like I am Bacchus himself. I also seem a lot more eclectic than I actually am because i have forgotten more about wine than 99 percent of people will ever lie about knowing. I never break a sweat, get to dress great every day and never get my fingernails dirty. A "stressful" day means having to drive a lot. The job is basically to go about from restaurant to restaurant being incredibly charming. It's one of those sales jobs that seems very easy at first glance, but very few people have the personality for it. The closest thing you can take for training for this job is a combination of Tony Robins' speeches and a good dating coach.
The issue: It really does not pay all that great. I do not make anything like the kind of money people think that I do. At best, if I am REALLY good at it (and I am) it will be a 50K a year job (in this market area).But since I have not been doing this very long at all and I am just starting to build accounts, I am probably going to end up with something more like 25 to 30K for this coming fiscal year of 2013. My income is supplemented a bit by also being a Commercial Real Estate Agent, but that is hit-n-miss at best and I can't count those particular eggs before they have actually hatched. I have to budget and operate on the assumption that I will not make one penny on Real Estate then take it as bonus when commission checks come in.
Would you take the great job but the crappy pay, or look for greener pastures?
I believe your situation is called "Paying your dues."
You are in a commission job, you've not been at it very long, and you're still building a client list.
"Paying your dues" and building your business. Admittedly not easy in a down economy, particularly when dealing with what can be consideed a luxury item.
I think you two gentlemen may have missed something.
Perhaps I failed to express it correctly. The deal is that, in this particular market for this product, it will more or less cap out in the 50K-ish range. Unless something truly beautiful happens and I land some inordinately large accounts, the population base here is only going to consume x-amount of wine, thus sales will hit a ceiling.
I've no issue with paying ye ol' dues, I've a professional background in B2B sales and similar business models. (like real estate, for example).
Now, I'm not complaining. 50K in my area is a very decent living.
Is there room for advancement? I'm not clear on that part.
Not really, no. In this market, even if I just set the world on fire, it'll cap out in the area of 50K a year. There is no upward promotion available short of someone dying or starting my own.
Advancement matters, unless you're happy where you, long-term.
I guess I would stick with the current job and see if you can maximize it's potential. Maybe it works out well and you are a good fit. The position that you describe sounds like it's biggest perk is your ability to network. Knowing someone is the key to getting a job. First just knowing about the available open position and next having someone vouch for you is priceless. After doing this current position for a while should make it a lot easier to find a different and better job a few years down the road if you chose to make a change.
Take it. You can keep looking but its easier to land a better job while you are in one.
I have been at a job I really like but that doesn't pay that great for 10 years now, and I don't plan on going anywhere. I currently make about 37K a year and my wife makes less than 20k. I could very easily get a job around here that would pay twice that but would be hell. No thanks. I'd much rather make less money and like my job. My wife and I certainly don't feel like we need to make more money. We own a good sized house with a big yard, two cars and a Harley, our kids and us are well fed and clothed, and we are able to save for our retirement and our kids' education as well as give to various charities. The only debt we have is our mortgage.
I think you will be much happier in life doing something you like instead of purely putting in time for a pay cheque. If you can budget, and live comfortably of less than 30k (like I did before I was married, I just had a much smaller house), then stick with the job you have.
I'm sticking with the job. It appeals to my narcissistic personality way to much for me to leave it alone and it is an absolutely pie job. I was just curios as to how others may have handled a similar situation, where the job is just great but the money limited.
For what it's worth, the 50-ish a year that I guesstimate it can produce is excellent money for this area, excellent money. I can live very well here (Washington, NC) for that.
Michael, you don't have to compensate for anything.
I often say that it's fine for young men to wander through life, as long as they're not dragging anyone with them. [You'd be "young" at my church; so work with me.] A paterfamilias may have some obligation to direct his career for the material desires of his family. But bachelors are free to care more about personal fulfillment than money.
Economically, consider that the comped food, etc., is part of the equation, even if the IRS doesn't say so. It reminds me of an article I read about what it's like to date a supermodel. The guy said she got so much comped, dating her paid for itself in terms of free restaurant food and upgraded flights. Of course, most people would prefer cash, but if you value, monetarily or emotionally, what's comped, that, as you've decided, is a major benefit.