It depends on the industry and the product(s) being sold... an insurance salesman makes a different commission rate than a car salesman or a copier salesman or a retail store salesman. The commissions can also be paid under different formats: commission only, draw against commission and base salary plus commission.
2007-01-08 13:47:18
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answer #1
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answered by Anonymous
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It is according to what she /he is saleing.
Realestate commissions usually range from 6% for brokage fees for houses, to 10% for farms. (not sure of industrial sales).
Insurance companies pay their agents from about 50% on weekly/bi-weekly business to 80% of the first years premium ion sales. Ordinary life or speciality insurance sales persons cna receive as much as 125% of the first years premium and a smaller collection premium for the first two to fiv eyears there after. some companies pay the agents commissions as long as the business remains on the books but it decreases.
Example; If an ordinary life agent with "franklinl ife" sold a policy with premiums of $2000 per year the agent could pocket the first years premium and collect a lessor amount every year as long as it remained on the books.
The average auto salesman for a dealer can make 50 to 100 grand a year,. It's according to his contract, location and how big a hustler he is. (most topof the line mechanics at a large dealer make more than the salesman does and he doesn't have to work the 6 to 7 days a week the salesman works.
However this could change as Ford and Gmc, chrysler, Chevy are having bad problems in their cars sales and one of the main problems is americans are sick of the high cost of maintaining american automobiles. The dealership service is only behind Union activities,and sorry engineering in forcing american made car sales to decline.
Drug salespersons usually average well over 100 grand a year,and is quiet compatetive, but drug sales people are usually guranteed an annual retainer in their territory unless they themselves allow it to get out of control.
Other sales are all according to the product or service sold. Many companies in the trades section(heat.air; electrical/plumbing/building ect are now huge chain companies in several states or nationwide. They hire sales persons who sell their service to places like industrial plants, commercial buildings, shopping centers, cities. apartment complexes. These sales people will sell contract labour and material contracts and recieve commissions on the contracts(usually 25% or more) the first year, and a smaller collection commission as long as the contract remains on the books.
Labour in private employment companies are also sold by sales persons(many who work out of their homes) and with a large tempory labour force can range well over 50,000 a year.
Inside sales persons vary in fees acording to the item sold also.
2007-01-08 22:04:46
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answer #2
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answered by Anonymous
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It depends.
I've been paid 3% of a sale. Some life insurance agents make over 100% of the first year's premiums.
2007-01-08 21:48:26
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answer #3
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answered by geek49203 6
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I work in the financial services industry and was lucky enough to start at 50% commision. The top in the company get 95%. It can be big money.
2007-01-08 21:50:42
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answer #4
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answered by Anonymous
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depends if on the job
some are all commision
realestate is 3% to 9% of the house sale price
2007-01-08 21:45:57
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answer #5
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answered by Anonymous
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