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Types of Commissions:

1. Base plus commissions- It involves receiving a pre-determined base salary plus some type of commission on the sales you actually make.

2. Draw against commission- type of compensation plan is totally commission based.

3. Residual commissions- Earning residual commissions is a salesperson's dream, because as long as their accounts are generating revenue for the employer, the salesperson continues to receive a commission.

4. Salary plus bonus- this is the method of compensation you agree upon, you'll receive a pre-determined salary each pay period that is not impacted by your performance.

5. Salary plus commission- This is the same as a "base plus commission" compensation structure.

6. Straight commission- type of compensation can be a bit risky, since you only get paid based on how much you sell.

7. Straight salary - you'll earn a straight salary that is in no way impacted positively or negatively by your sales performance.

8. Variable commission- This type of commission structure is similar to a straight commission, however, the commission rate you're paid goes up or down based on pre-determined circumstances.

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Q: Types of commission in the business?
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