LoopNet reviews

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.

Virtually NO ONE leaves LoopNet once they become mid to senior managers..so that means there is little if any room to move up or out of the position you were first hired in even after 3-5 years. Promotions here takes forever and even after your first promotion the next one is years away. LN may toss you a little more money once a year however. Make the right friends in the right places quickly...NEVER be late to work...like ever and even though LoopNet is a fun place to work be cautious and never do anything to allow anyone to ever think you are negative person. Again, you will never buy a house working at LoopNet unless you were lucky enough to get stock before the company went public, or you somehow become a manager in a department or capacity that does not directly threaten the LoopNet Establishment of the entrenched Middle management team. If you get a job at LoopNet where you are taking power away from another manager God help you...and you will probably not last long...so hold off on that house.