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Full-Time

Account Executive

Posted on 6/13/2024

OpenTable

OpenTable

1,001-5,000 employees

Online restaurant reservation and management platform

Food & Agriculture
Consumer Goods

Compensation Overview

$50k - $55kAnnually

+ Commission

Entry, Junior, Mid

Harrisonburg, VA, USA

This role will be responsible for Virginia, Harrisburg, and outside of Philadelphia.

Category
Field Sales
Strategic Account Management
Sales & Account Management
Required Skills
Sales
Salesforce
Requirements
  • High-reaching, tenacious, and results-driven
  • Self-motivated and able to perform well under pressure and against bold goals and deadlines
  • Skilled at communicating new points of view to customers
  • Supervise economic and industry drivers and understand their implications on the restaurant business
  • Outstanding ability to drive business value during sales engagements
  • Highly analytical with the ability to assess business opportunities and read prospective buyers
  • Strong negotiating skills
  • Restaurant management and/or sales experience is highly preferred
Responsibilities
  • Target, identify and sell OpenTable products to restaurants within an assigned territory
  • Cultivate and build upon existing relationships with top and elite restaurants
  • Educate operators about trends in the industry
  • Challenge customers to think differently about their business
  • Strategically overcome objections and competition
  • Generate business plans to define selling strategies and tactics
  • Consistently overachieve monthly and quarterly acquisition and revenue targets
  • Use Salesforce to lead territory, stay organized, forecast sales activity, and process contracts

OpenTable connects diners with a variety of restaurants through its online reservation service. Users can browse restaurants, read reviews, view menus, and make reservations easily on the platform. Diners can access this service for free, while restaurants pay a subscription fee to be listed and may incur additional charges based on reservations made through OpenTable. This model allows OpenTable to generate revenue from both subscription fees and per-reservation charges. Unlike many competitors, OpenTable not only facilitates reservations but also provides restaurants with tools to manage bookings and optimize seating. The goal of OpenTable is to enhance the dining experience for users while helping restaurants grow their business.

Company Stage

M&A

Total Funding

$50.9M

Headquarters

San Francisco, California

Founded

1998

Growth & Insights
Headcount

6 month growth

1%

1 year growth

4%

2 year growth

7%
Simplify Jobs

Simplify's Take

What believers are saying

  • The partnership with Visa can drive significant new customer traffic to restaurants, benefiting both diners and restaurant owners.
  • The 'Icons' feature can attract high-end diners looking for premium dining experiences, potentially increasing reservation volumes.
  • OpenTable's continuous innovation, such as tools to avoid long lines, demonstrates its commitment to improving user experience and staying ahead of market trends.

What critics are saying

  • The competitive landscape in online restaurant reservations is intense, with new entrants and existing players constantly innovating.
  • Reliance on partnerships, like the one with Visa, may pose risks if these collaborations do not yield expected results.

What makes OpenTable unique

  • OpenTable's integration with Visa offers exclusive dining experiences for cardholders, setting it apart from other reservation platforms.
  • The launch of 'Icons' provides a curated, city-specific list of top restaurants, enhancing user experience and discovery.
  • Being part of Booking Holdings gives OpenTable a robust infrastructure and extensive market reach, unlike many standalone competitors.

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