Best Paying Jobs in Consumer Durables: Looking for the best-paying jobs in consumer durables? You’ve come to the right place.
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Best Paying Jobs in Consumer Durables
The consumer durable industry has been the most stable industry and jobs in this sector are considered safe and lucrative.
Due to development in increasing purchasing power, and ease to acquire durables, consumers can buy goods easily which in turn increases the overall sales of goods in this industry.
If we talk about the customer base of this industry, both urban and rural customers contribute to its growth with urban as a major stack. The best thing about this industry is that its customer base in terms of the economic group is diverse, that’s the reason they have a never-ending demand for goods.
Durables, also known as durable goods or consumer durables, is a category of consumer goods that do not wear out quickly, and therefore do not have to be purchased frequently. They are a part of core retail sales data and are known as “durable goods” because they tend to last for at least three years.
Items like televisions, washers, refrigerators, dryers, and air conditioners, in that order, are perfect examples of consumer durable products.
In addition, appliances like computers, televisions, trucks, jewelry, wardrobe, vehicles, home, office furniture, hot plate, etc., fall into consumer durable categories.
Examples of Durable Goods Companies
Some of the largest publicly traded durables producers, by market capitalization, include Kimberly-Clark Corporation, ABB Ltd., Johnson Controls, Clorox Company, Mohawk Industries, and Whirlpool Corporation. These companies are divided into the sub-sectors of containers and packaging, electrical products, industrial specialties, specialty chemicals, home furnishings, and consumer electronics/appliances, respectively. Overall, the durable goods industry is looked to as an engine of future growth.
Product managers top our list of the best-paying jobs in consumer durables. The Product Manager is responsible for both product planning and product marketing. This includes managing the product throughout the Product Lifecycle, gathering and prioritizing product and customer requirements, defining the product vision, and working closely with engineering, to deliver winning products.
It also includes working with sales, marketing, and support to ensure revenue and customer satisfaction goals are met. The Product Manager’s job also includes ensuring that the product and marketing efforts support the company’s overall strategy and goals.
The Product Manager is expected to:
Define the product strategy and roadmap
Work with external third parties to assess partnerships and licensing opportunities
Be an expert in the competition
Develop the core positioning and messaging for the product
Perform product demos to customers
Set pricing to meet revenue and profitability goals
Deliver a monthly revenue forecast
Develop sales tools and collateral
Propose an overall budget to ensure success
Brief and train the sales force at quarterly sales meetings
Brief press and analysts and go on press tours
Act as a leader within the company
Product managers earn a median pay of $113,000.
2. Sales Manager
The sales department is the core component of any business or company. The work of a sales manager is to hire, lead, and motivate a high-performing sales team to ensure they meet and exceed the revenue plans.
The team is also tasked with generating leads and satisfying customer needs. The sales manager’s roles also include building customer relationships and closing deals. They also mentor and coach the sales team to do the same. It’s one of the high-paying jobs in consumer durables, with a median income of around $132,000.
Achieve consumer durable and similar products new car finance volume and other cross-sell products target by managing various relationships assigned, including, authorized dealers of various types which may include large format stores.
Recruit and train sales team for sourcing business dealer counters.
Development of team of DST and deploy them to achieve the business & cross Sell goals of individual & team.
To Increase distribution, identifying gaps and identifying growth opportunities, gaps in distribution, team, and processes.
Generating revenue through cross-selling of company products.
Identify and develop new relationships/dealers for generating business.
Supervise and guide sales team assigned to managing dealer relationships
3. Senior Executive
One of the top-paying jobs in consumer durables is Senior executive. As lucrative as this position is, it requires expertise and a lot of dedication.
As a senior executive officer, you will be seen and regarded as an authority or a prominent figure within the company. A Sales Executive is a professional who sets annual sales goals for the company and works towards achieving them with the assistance of the Sales Manager & Sales Associates. The job is based on setting up a strategy to find new prospects and sales leads and converting them into paid users or customers.
Conduct market research to identify selling possibilities and evaluate customer needs
Actively seek out new sales opportunities through cold calling, networking, and social media
Set up meetings with potential clients and listen to their wishes and concerns
Prepare and deliver appropriate presentations on products and services
Create frequent reviews and reports with sales and financial data
Ensure the availability of stock for sales and demonstrations
Participate on behalf of the company in exhibitions or conferences
Negotiate/close deals and handle complaints or objections
Collaborate with team members to achieve better results
Gather feedback from customers or prospects and share it with internal teams
The senior executive doesn’t only make decisions for the growth and benefits of the organization. He equally implements them.
You must note that the fact that Senior Executive in an organization is one of the high paying jobs in consumer durables doesn’t mean luxury
4. Media planner
Media managers are communication specialists who develop and implement all targeted content for various media platforms. Media managers research, write, proofread, and edit all media content, implement and manage media campaigns, and deliver public relations and communications plans.
Job Description :
Planning & managing end to end execution of public relations activities
managing positive media relations.
Organizing & participating in conferences & related activities.
Perform research on current benchmark trends and audience preferences
Design and implement social media strategy to align with business goals
Set specific objectives and report on ROI
Generate, edit, publish and share engaging content daily (e.g. original text, photos, videos, and news)
Monitor SEO and web traffic metrics
Collaborate with other teams, like marketing, sales, and customer service to ensure brand consistency
Communicate with followers, respond to queries promptly and monitor customer reviews
Oversee social media accounts’ design (e.g. Facebook timeline cover, profile pictures, and blog layout)
Suggest and implement new features to develop brand awareness, like promotions and competitions
Stay up-to-date with current technologies and trends in social media, design tools, and applications
The average annual income of a media planner is $79,000+
5. Marketing Manager
A Marketing Manager, or Marketing Department Manager, is responsible for overseeing a team of marketing professionals within the marketing department. Their duties include relaying information between upper management and department employees regarding budgets and daily procedures, overseeing the implementation of marketing campaigns to promote business products and services, and hiring and training department, employees.
Marketing managers are in key positions in the consumer durables industry because they are the ones who bring business which is the very idea behind any economic activity. Their average annual salary is $140,000 and these are one of the best paying jobs in the consumer durables industry.
Organizing promotional events and coordinating day-of deliveries and staffing
Leading and training a team of Marketing Associates
Reviewing current marketing campaigns for weaknesses and developing solutions within budget constraints
Analyzing website click-to-purchase conversion rates and the effectiveness of promotions to determine what drives sales
Identifying potential new markets and creating a plan to enter the market
Partnering with product development and buying teams to estimate product demand
Brainstorming fresh advertising ideas with senior management
6. Business analysts
A Business Analyst, or Business Systems Analyst, is responsible for assessing companies and coming up with solutions to company operations. Their duties include analyzing financial reports, market research, and operating procedures, strategizing ideas to improve business operations, and meeting with company executives and other stakeholders to provide suggestions based on their analysis
Business analysts earn an average of $77,218 per year hence are one of the Best paying jobs in consumer durables.
Identify specific business opportunities
Influence stakeholders to support business projects
Assist with project management for selected projects
Coordinate with different departmental teams to produce better business outcomes
Test business processes and recommend improvements
Track and analyze key metrics.
Collect, consolidate and generate weekly sales forecasts (month and quarter focus) and roll up each week’s numbers to Sales Management.
Compile key pieces of information related to performance against sales objectives to be reviewed by Management and report approved plans to Finance for processing.
Proactively analyzes win-loss data and reports on key findings to sales leadership.
Reporting and analysis for the Sales and Marketing departments, including executive reporting of sales and marketing results
Implements and manages reports and dashboards in Salesforce.com ensuring sales reps and leaders have access to key data required to successfully manage the business.
Monitors the accuracy and efficient distribution of sales reports and external intelligence essential to the sales organization.
Recommends revisions to existing reports, or assists in the development of new reporting tools as needed.
6. Account manager
Account managers act as client advocates and work with internal departments to ensure that client needs are understood and satisfied. They may assist with making sales, handling client complaints, collecting and analyzing data, and improving the overall customer experience.
Communicating with clients to understand their needs and explain product value.
Building relationships with clients based on trust and respect.
Collaborating with internal departments to facilitate client need fulfillment.
Collecting and analyzing data to learn more about consumer behavior.
Keeping accurate records about inventory and account notes.
Maintaining updated knowledge of company products and services.
Resolving complaints and preventing additional issues by improving processes.
Identifying industry trends.
Acting as a client advocate with a focus on improving the buyer experience
A year’s compensation for an account manager is $58,662.
7. Human Resources Manager
A Human Resources Manager, or HR Supervisor, is responsible for coordinating all administrative activities related to an organization’s personnel. Their duties include developing recruitment strategies, implementing systems for managing staff benefits, payroll, and behavior, and onboarding new employees.
Visits to factory floor regularly, interact with workers with the view to knowing their problems, being proactive, and resolving issues that could lead to the down tool by workers.
Interprets HR policies and labor legislation to factory managers and supervisors.
Manages staff leave, prepares annual leave plan, Monitors and enforces the implementation of leave plan
Maintains contact with heads of departments in the factory, Head of HR, and Corporate Office Accounts Department.
Staff file management, ensure completion, correctness, and regular update.
Prepares monthly human resources report for MRM.
Processes applications for loans, salary advances, and other benefits endorsed by the supervisor and approved by the factory manager.
Prepares inputs for the monthly payroll.
Vets pay vouchers prepared by the outsourcing agencies.
Liaises with managers and supervisors and prepares job descriptions for newly created jobs and updates organization charts and existing job descriptions.
Ensures staff appraisals are done for all staff members.
Provides support to managers and supervisors in the completion of performance assessment forms.
Gives input in the computation and communication of annual merit increases to employees.
Maintains data bank of unsolicited applications from job applicants and keeps track of candidates interviewed
Sources CVs, shortlists applicants, and coordinates interviews, selections, and placements as required.
Liaises with sourced contractors for replacement or filling the new vacancy as required.
Prepares schedule and coordinates the onboarding of newly engaged employees.
Maintains and monitors staffing levels developed for the factory to ensure strict compliance.
Liaises with managers and supervisors on the regular identification of training needs of employees.
Prepares yearly training plans for GMP, Fire drill, and Safety committee meeting sessions
Organizes programs to facilitate staff development.
Organizes induction program for all categories of staff.
Undertakes regular audits of the factory to ensure that health and safety standards and regulations are adhered to.
Maintains a record of all accidents and conducts investigations into accidents and submits reports on causes and preventive measures to factory management and the Head of HR.
Responsibility for general cleanliness & housekeeping of the factory and surrounding area
Maintains contact with heads of departments in the factory, Head of HR, and Corporate Office Accounts Department.
Maintains contact with employment agencies, Labour unions, training service providers, and security agencies
An Administrative Assistant is a supportive role in an office. They are responsible for managing and distributing information among their co-workers, answering phones, and doing other administrative work.
Handling administrative requests and queries from senior managers
Organizing and scheduling appointments with admin software
Planning meetings and taking detailed minutes
Answer phones and greet visitors
Schedule appointments and maintain calendars
Schedule and coordinate staff and other meetings
Collate and distribute mail
Prepare communications, such as memos, emails, invoices, reports and other correspondence
Write and edit documents from letters to reports and instructional documents
Create and maintain filing systems, both electronic and physical
Manage accounts and perform bookkeeping
9. Staff accountant
A Staff Accountant is an entry or mid-level accounting professional who is responsible for maintaining financial records at a business, usually as part of a team. Their duties include confirming compliance with IRS rules, reconciling bank statements, and balancing the ledger for regular reports.
Staff Accountants prepare and review financial documents, reports, and statements. They oversee all accounting procedures (e.g. tax returns, month-end closures, budgeting) and advise on general financial matters.
Review financial statements for accuracy and legal compliance
Prepare and file tax returns
Enter accounting related information into business logs
Inspect account books for efficiency and accuracy
Organize and update financial records
Recommend ways to reduce costs and enhance revenue
Perform monthly bank settlements
Prepare documentation for external auditors
Managing financial reports, records, and accounts
Conducting billing processes (e.g. tax, revenue)
Maintaining the general ledger
They earn approximately $49,000+ per annum.
10. Field sales representative
A field sales representative is an employee who is employed by business-to-business (B2B) and wholesale organizations to visit leads and sell products or services to their customers in person. Field sales representatives must attract new customers and win new accounts so that they can maximize profitability within their territory. They travel around their assigned territory and visit their customers regularly to educate them on how their products can benefit them. Field sales representatives must also maintain records of all sales leads and monitor the organization’s competitor, new products, and market conditions.
Close new deals at a high rate
Build relationships with existing customers
Cultivate new leads within the sales territory
Travel throughout the territory and visit customers on a recurring basis
Manage multiple accounts simultaneously
Maintain records of all sales leads and/or customer accounts
Represent the brand during all customer and prospect interactions
Educate customers on how products or services can benefit them financially and professionally
Monitor the company’s industry competitors, new products, and market conditions.