CoStar drained the life out of the place - Territory Manager LoopNet Employee Review

1.0
21 Jan 2016
Recommend
CEO approval
Business outlook

Pros

Fantastic training that will prepare you for life outside of CoStar. Great snacks in the kitchen. Some decent people who work there.

Cons

CoStar is trying to slowly kill LoopNet off by stripping features, over pricing them, and doing nothing to advance content.There is a culture of workplace bullying that basically changes or forces you out with no corporate oversight. Good salesmen get to do whatever they want without consequence. Stale leads. Bad pay for the Bay Area.

Explore other reviews about LoopNet

5.0
10 Mar 2023
Recommend
CEO approval
Business outlook

Pros

Training, people, CEO energy and intelligence, salary, benefits, travel

Cons

It is a growing division and feels like a start up company. With that are some learning curves and growing pains.

1.0
18 June 2026
Recommend
CEO approval
Business outlook

Pros

Pay is good at the beginning

Cons

The biggest challenge with the role is that it can feel closer to telemarketing than consultative sales. Much of the day is spent making repeated outbound calls to customers who often are not actively looking to purchase additional LoopNet services. The emphasis is heavily weighted toward activity metrics, and performance expectations can change even when revenue goals are being met. Marketing support is limited, requiring sales reps to create much of their own opportunities. Customer sentiment can also be challenging, as some clients become frustrated by frequent outreach from sales teams. The model relies heavily on persistence and volume rather than a relationship-driven sales process.

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