LoopNet Reviews

Pros

It has a great staff who take great care of you. You will learn a ton of corporate professional skills.

Cons

The pay is not great. There are a lot of immature kids! It can be loud at times. China Basin is not really downtown.

Advice to Senior Management

Raise the pay. The rest of S.F. did. Keep up the good work. You guys are awesome!! Thanks so much!

Pros

Great team, Fun work environment, cool area of town, good mgmt, good execs. Overall it was a fun place to have to wake up and drag yourself to. Product is solid.

Cons

A little too much micro-managing (I get it though). Not enough communication between sales and other parts of organization. To the sales team you were an individual, but to the rest of the company you were a number. Dealing with end users was always a chore (looking back I may have done it differently). A lot of calling, not a lot of thought.

Advice to Senior Management

Don't sell it! Keep doing what you're doing but take suggestions from the team.

Pros

Great place to work as your first sales job straight out of college. If you have had any sales experience prior to working this position, the job will be torture.

Cons

This job is a telemarketing position. You will be calling people on their cell phones during dinner asking for their credit card number.

Advice to Senior Management

The managers need to have some flexibility in their authourity to customize packages for clients depending upon budget and quantity. The management has no say.

Pros

Breakfasts
Cash incentives
Happy Hour
Location
Laid Back atmosphere
People and management are great

Cons

Base pay is low but if you hit your numbers your commission makes up for it
7:30 am start time
You have to clock in and out of phones (feels like we are treated like kids)
Job is boring
No Gym in the Building
Commission is taxed heavily, so one has to work really hard to make good money

Advice to Senior Management

The base pay could be better. Even if someone is doing well and hitting goal

Pros

People
Happy Hour
Benefits
Pac Bell Park (at&t)
Fun environment
If you have proven yourself as a salesperson and are ok with starting over on your pipeline you can take a vacation for months at a time. Unpaid of course.

Cons

Turnover - out of my group of seven new hires only two of us made it past the four month mark and only one made it a year. This is not uncommon, for many its the people and environment that keeps them there. Not the pay, what I was told I could be making and the reality of what I was actually making did not match up. I would say I was about an average sales person, well within the bell-curve to say I would be as successful as most people reading this comment would be. You can be one of the unlucky ones who gets a TM who micromanages, buts its not entirely their fault. They have to keep call volumes high, sales going and their managers happy. There is not much in terms of advancement but your not going to work here for the rest of your life so who cares. Put in your time and move on like everyone does. That's the other thing, everyone except for a few have an exit strategy which is a shame. There is a lot of great sales talent at this company.

Advice to Senior Management

Keep your promises, whenever i would ask a question or ask for support I would get the same exact answer over and over again. If I am asking a new question I don't expect the same answer -

Pros

Loopnet offers great benefit:health insurance, flex spend and breakfast 2 a week

Cons

Limited Stock option available for employee

Pros

LoopNet is by far the most fun and educational companies I've ever worked for! At LoopNet you will learn the skill sets essential to being a great sales person. The training provided is unmatched and prepares you for every possible scenario that you might fall into. The training process builds comradery between peers by hiring and training groups at a time that connect with each another so you go into the company with your own group of friends. It is a very friendly, supportive and welcoming environment to start in and a place where you will meet a lot of quality people and make lasting friendships.

They treat there employees incredibly well especially if you are good at what you do. They provide a great breakfast spread for everyone every Monday morning and an amazing happy hour with beer, wine and h' orderves every Friday. They encourage play just as much as work and hard work does not go unnoticed. Everyone on the sales team goes out for drinks and sometimes the managers, VP or even Rich the CEO will join. It's a great way to pick their brains, introduce yourself and meet new people within the company.

I felt that the management team was always really on top of keeping things up to date and listening to employee feedback on suggestions for company change. Any changes that did occur within the company I felt was told to me in a very straight forward way and before it was being implemented. I felt that LoopNet made an effort to have everyone feel included whether it be in company events, knowledge sharing or company updates. As an employee I felt that my input and feedback was valued .

The benefits are great and after 1 year they match your 401k as well as give stock options. The sales team promotes learning and education by peers and managers alike as well as volunteer opportunities to help the San Francisco community. Overall I'd say it was a great learning experience that gave me the training and insight needed to succeed in the corporate world of sales and would be a great place for anyone interested in breaking into a sales role.

Cons

The job itself is repetitive and does not allow for rapid growth opportunity. When promoted from Territory Representative to Territory Manager, you are not actually given managerial responsibilities. If you do not perform well on the sales team you may feel that your efforts are unrecognized but someone is always willing to help you improve.

This is a job you either love or hate. You hate it because of the job itself or the micromanaging, especially if you can't get the hang of it (it can be infuriating), and you love it because the people really make the company a spectacular place to learn and work.

I would honestly say that if there are any bad reviews that attack LoopNet sales, it's most likely because that person did not succeed and is bitter, hated the job itself or because they weren't on the track they were hoping they would be on at that point in their life. I left because the growth opportunity didn't match my personal time frame. If it did, I would still be there.

Advice to Senior Management

People that are hitting their goal consistently should not be micromanaged.

Pros

- great sales training- if you want to learn how to cold call, they will train you and the trainer is great
- good work life balance, if you can handle the monotony of the job, the day ends at 4:30

Cons

- you have to clock into a phone in the morning- if you are late ( even by a minute) clocking in 4 times a month, you lose your incentives- a big benefit of working at LoopNet
-very fraternity-like environment, great for people right out of college, but for working professionals this is not the most professional environment
-certain regional managers are just plain bad managers and they do not demote, so if you get placed on a team with a bad manager, you are pretty much out of luck.
-very high turn over mostly because people cannot hit their number. In my case, I hit my number and outsold most of the top reps which brings me to the biggest CON:
-They micromanage and in sales this just does not work. If you are great at sales I really suggest you consider the fact that no matter how much you sell- even if you outsell most of the sales force, the fastest you can get promoted is 6 months. If you are very ambitious and like to be the best and work on your own terms and have flexibility with hours- this is not the place for you
- Money is bad- as a rep who was in the top ten consistently, I made less money here than I did in my first Sales job right out of college.
-when I quit, the managers announced to the entire sales team that I was not a " team player" and that it was a mutual decision to let me go- they lie.

Advice to Senior Management

Stop micromanaging top reps.
Stop making announcements about personnel changes that are false- this is Slander.
Be more competitive with your pay structure- a few cash incentives do not make up for a base of 30K in San Francisco.

Pros

LoopNet offers their employees good benefits and provides commuter checks. Dress code is casual which is good also and they also provide breakfast on Mondays and Happy Hour on Fridays.

Cons

Management treat their entry level employees like children esp Sales dept. If you clock in even 2 minutes late, expect a warning coming! They over sell the positions, once you're hired - the "ugly truth" comes out. Feels like a sweat shop factory except you are infront of a computer all day.

Advice to Senior Management

Treat your employees better so you will get something positive in return. It's great that the company promotes from within, atleast that's what they say but I am not sure if that's really true. It seems like they promote who they like - qualified or not.

Pros

--People are fun
--Happy Hour every Friday
--Across the street from SF Giants Ballpark (chances to win raffle tickets)
--nice kitchen

Cons

--pay is very entry-level
--not too much help from management once you're on what they call, "free-agency."
--very cut-throat when you do not hit goal no matter what condition the commercial real-estate industry is in.
--very routine-like conversations with clients so it can get frustrating and boring
--you probably shouldn't take a lunch if you want to hit 80+ calls a day to make 1 or 2 sales (tough market right now)

Advice to Senior Management

--more training involving listening to the other top reps conversations even if you are no longer considered as a "new hire."