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When does a medical sales representative get paid on commission only sales?
Wiki User
∙ 10y ago
Usually 20%-40% on gross sale.
Wiki User
∙ 10y ago
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Is a Commission only sales jobs a good or bad thing?
A commission only sales can be good or bad for you. It really depends on your ability to sell, the price of what your selling, and the percentage which is what commission is based on. If you are an extremely good and honest sales representative it may be a route you can take. If you have trouble selling merchandise it is not a route for you!! *If you would still be interested some jobs offer wages + commission, that might be a route you may want to take in the beginning to see how you sell! So to sum it up working based on commission only can be good but more often hurt you!
How do you get paid when you work on commission?
Commission only jobs, pay you based on a percentage of your total sales, either weekly or bimonthly
What are commission only jobs?
Commission only jobs are jobs in which the employee only gets paid if he/she makes a sale. These jobs are usually better for those more outspoken and extroverted.
What are typical sales commission rates in surgical device sales?
It depends on what basis a sales rep is hired. If hiring only on commission basis it starts from 15% to 25% and if hiring against some basic salary then it would be 5% to 15%.
Why are sales commissions a variable cost?
Sales commission is a variable cost because the amount of the account is subject to variation. Think about it: A used car salesman is paid a commission say of $500 for every car he sells for the month of October. If he sells only 2 cars, then the sales commission is $1000, If he sells a whopping 12 cars, then the sales commission is $6000!! Notice the variation in commission?? This is why it is a variable cost - because it is not a fixed cost, which you know regardless of what happens during the period.!
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Can you collect unemployment because you were forced to quit because you did not hit a sales quota?
This would depend on the state you were employed in and whether the job was commission only, as many sales jobs are. Usually, commission paid work is not eligible for benefits.
What percentage of sales should a freelance artist make on his creations who is working on commission only?
The maximum percentage on commission you can get is 40%, depending on the contract agreed upon by you and your client.
What does commission payment only mean?
This means you only get paid off the sales you brought in say if you had customers but they don't buy anything you gets nothing but if they do buy you get paid whatever the commission rate is per person .
How much you get paid for doing sales?
There are different types of sales positions. You can be salary, commission, draw against commission or paid in any type of combination. If you are paid based on a commission only structure you can earn $0 - the maximum cap the company has. I've worked in sales positions where I have earned nothing and others upwards to $80,000+. The best way to pick a position that will pay you the most is to chose a product that you are knowledgeable in, believe in, and that has the greatest commission potentials.
What is straight commission?
Straight Commission PlanSalesperson compensation method in which only a percentage of the sales volume, but no fixed salary, is paid. The amount received by a salesperson is a function of his or her performance (and not of actual time worked) reflected in sales volume. This method is used where the objective is to (1) generate maximum short-term sales revenue at the lowest overhead cost, or (2) to employ independent sales-representatives instead of permanent sales staff. See also straight salary plan. (from: http://www.businessdictionary.com/definition/straight-commission-plan.html)
What is a description for manufacturers' representatives?
Who are manufacturers representative- Manufacturers representatives also called as independent sales reps are sales people who generally work on commission basis and often sell product from more than one employer. On what commission do they work- They work on varied commission model. It may be base salary along with commission (medium commission) or a more popular model of commission only (high commission rate). Where to find Manufacturers Representatives- Job Website for manufacturer reps such as RepEmployment.Com- http://repemployment.com may be helpful in finding manufacturers representatives. Legal Formalities- Manufacturers Representatives usually get the status of agents of the employers and therefore can do anything on behalf of their employers. Therefore it is important to have the agreement drafted carefully with the help of a lawyer. When to choose them- Manufacturers Representatives may be very helpful for start up businesses who dont have budget to hire full time reps. They are useful to experiment with new markets and also particularly helpful for exporters. Several big companies also employ them as they are paid only on making sales and therefore self increase efficiency.
