Newb with commish question

4 replies [Last post]
passivesf's picture
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Joined: 2009-04-23

Hi,

 
I'm new to the biz, I was in another industry but have always wanted to be an advisor.  I have a close family member that connected me with an independent firm.  Basically, the sales training is avg/supbar depending on my boss' mood, i'm on my own to "develop my own practice", I didn't have to sign a non-compete, and it's eat what you kill 70% commission until I reach certain modest levels and the % goes up.  It seems like a lot of people get a crap salary with much lower commish (but decent training) so at first glance this seems pretty good.  I have a decent sales background so I'm not that worried about training.
 
thoughts? 
 
Thanks in advance

B24's picture
B24
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Joined: 2008-07-08

I think you answered your own question. Good payout out of the gates (most newbies have to start in the 30-50% payout range), but very little training/support. Not a bad gig at all if you can produce.

passivesf's picture
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Joined: 2009-04-23

cool, thanks!

Gaddock's picture
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Joined: 2007-02-23

I would consider going with the lower payout and get the training & salary at first. Build your skills on their dime and when you're ready ... bail.

Ron 14's picture
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Joined: 2008-07-10

Gaddock wrote:
I would consider going with the lower payout and get the training & salary at first. Build your skills on their dime and when you're ready ... bail.
 
 
I agree with that. You won't get paid early on no matter what so you might as well get training and then take your skills where you see an opportunity that makes sense for you.

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