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The entire pool & spa industry tends to be underpaid for similar work in other industries. I'd be surprised if the National Sales Manager for Hot Spring makes much more than $125 base + bonuses based on company profitability.I have a pretty good idea what the Watkins' regional guys make and its not that great for what they do and how much they travel. Having spoken with other reps in the industry, Watkins' has a reputation for not paying the best.
Having spoken with other reps in the industry, Watkins' has a reputation for not paying the best.
Guess again. The days of spa sales reps making 6 figures are well in the past. Most of them are paid a decent salarie and earn a 1.5-2% commission on their dealers performance. None the less, not bad work if you can get it. The pay ranges from high 50s to mid 80s. It must have been rough for them last year as industry figures estimate the hot tub market down from 25-40% depending on your market. Of course Chas and Chris are exempt from that since Watkins numbers never fluctuate more than .5-1%
Hot Springs was down almost 25% last year.
So what is Hotsprings annual sales? I would think at least a couple hundred million a year. Lets say they sell 25,000 spas a year at approx 9,000 each that is still $225 million in sales. If you are big daddy manager I would think you would be paid over $150k per year plus bonus.
re: "industry figures estimate the hot tub market down from 25-40%"That is a shock!I thought the "backyard industry" was booming and thatthe hot tub industry would obviously piggy-back thatboom?
We're prepped for the best year in recent history. 8-)
East Texas Spa was up 21% and was named Territory Dealer of the Year. Terminator
Is that beacuse of Ventura countys great economy or the fact that the Coleman / Artesian dealer closed, The Cal Spas dealer closed, and the freeway is going right through "Spas West" front door.
Hold on to your shorts folks. The American people have VERY short memories, and the fading memory of 9/11 has contributed to the decline in sales in the "backyard industry." Imedeatly following 9/11 there was an unprecidented ammount of "nesting" going on (aparently still is in East Texas, here's to your long memories...The Alamo, 9/11, etc...). Since...many have begun over seas teravel once again reducing the ammount of discretionary income available to the luxury hot tub industry. If you have a better explanaition for this in a thriving economy, lets hear it. So, as I say hold on to your shorts, I know of 3 of my competitors here that are going bye bye, thank goodness, thinning of the heard!