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by Michaela Wilbanks
There’s no denying that many businesses have ramped up their DEI efforts in recent years, yet the sales industry is struggling to keep up. In fact, the U.S. Census American Community Survey found that the sales industry has the third largest gender equity gap in America, despite studies proving teams with more gender diversity outperform those with less.
What’s more, only a quarter of women in sales hold leadership positions, despite filling as many lower-level sales and marketing roles as their male colleagues. It’s not a lack of skill that’s keeping women from claiming the top spots — studies show women salespeople regularly outperform their male colleagues. So why are women in the sales industry still being held back?
According to a recent study by Mailshake, women are owning the sales game yet still face many of the same decade-old challenges prominent in any male-dominated industry, such as:
Not only should companies focus on building more gender-diverse sales teams because it’s the right thing to do — it’s also the smart thing to do. Iconic saleswomen like Lori Richardson, Melonie Dodaro, and Chantel George honed their craft by leaning into their natural strengths, not by adopting aggressive sales tactics or attempting to replicate their male counterparts.
Including more women on your sales team has been shown to help you hit your quota faster. Here’s what they can bring to your team:
Attaining true gender equality takes commitment, time and effort, not just from leaders and hiring managers, but everyone involved on your team. Businesses still have a long way to go in terms of gender diversity and inclusion in sales, but there are steps you can take to create a winning work culture where both men and women can reach their full potential.
Women make up about 30% of the sales industry, with most in customer service or account management roles.
Women succeed in sales the same way men do – they learn from their mistakes, consistently brush up on their customer service and communication skills, take advantage of networking opportunities, and frequently seek out new knowledge and ideas to improve their strategy. That being said, women should lean into their natural strengths to forge their own path to success.
Women in the sales industry earn an average of 23% less than men in similar positions. Women make an average of $61,000 in both salary and commission, $37,000 in commission alone, and $33,000 in salary minus commission.
Overall, having more women in sales can lead to a more diverse, creative, and effective sales team that is better equipped to meet the needs of a broad range of customers.
While there is still progress to be made, the sales industry is becoming more inclusive and welcoming to women. Companies that prioritize diversity and inclusion in their hiring and promotion practices are likely to reap the benefits of a more dynamic and successful sales team.
About the author
Michaela Wilbanks is a content marketing specialist with a background in creating content for the business and sales industries.