mistressmalice23 asked:
Selling credit card processing contracts & equipment to business owners. I have experience in this industry and know how it works, but I have never been on the sales end. The salary is 100% commission plus residuels.
Please only answer if you have experience in the field.
Also, what is your typical work week like?
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Selling credit card processing contracts & equipment to business owners. I have experience in this industry and know how it works, but I have never been on the sales end. The salary is 100% commission plus residuels.
Please only answer if you have experience in the field.
Also, what is your typical work week like?
http://1mortgagecalculator.info
40-50hrs. starts off around 30-35k a year. There is better work out there. Don’t rely on the commission either.
I’m not in credit card sales, but I have been in the auto business ever since I turned 18 I’m 28 now. any job thats 100% commision will strictly depend on how smart and hard you work. You really don’t want to know the national average for income in any commision proffesion because it’s really low. It takes a special kind of person to succeed. I personally will never do anything else. In order to truly succeed (Get rich you will need to put in massive hours at first so you can build a customer base. When i first started selling cars I literally worked 6-7 days a week 12 hour days for 5 years only takeing 1-2 days off a month. I’m now a wholesaler and make my own hours and have 8 employees. I love sales because it is the only job you get paid what your worth. If you work hard and smart you can get rich if you don’t you will be extremely stressed out. The hardest part and best advice I can give you is make sure you always follow the “Steps to a sale.” and make sure you “Ask for the Sale.” alot of salespeople think they asked but don’t actually ask. then just make a friend. GOODLUCK
Hi, I work for a registered MSP for Visa and MasterCard (five years now) and have done sales so I speak from experience.
You can make good money but it won’t happen right away. The real money comes from residual income on the merchants you acquire. Although you can make money from selling credit card terminals that will only be enough to put food on your plate while you build up your portfolio.
As you build your portfolio your monthly income will grow accordingly. On average a typical merchant will make you about $25 per month. So when you are first starting off the residual income won’t be enough to support you. But as your portfolio grows to about 100 merchants that residual income will now be $2500 a month or more which, when combined with your terminal sales, is enough to make a living. The average sales agent brings in 5 – 8 merchants per month.
Of course, your goal is to have as many merchants as possible in your portfolio and to land as many “big fish” as you can. Landing high volume merchants will make you much more money then landing start-up ecommerce websites as they tend to perform poorly. You also need to make sure you bring on enough new merchants to help offset the ones that leave you. Just like you will be stealing merchants from other sales agents, they will be doing the same to you.
A work week is never less then 40 hours if you hope to keep generating leads. You’ll be spending half of your time generating leads and the other half making your sales pitch to the leads you have generated. If you know how everything works then you have a heck of a head start which is good. Lack of knowledge and experience is the biggest obstacle to new sales agents.
Good luck.