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04-05-2018, 09:34 AM #1Karen37aGuest
If you want to give someone a draw vs commission to start thats fine...with production goals and you cut them off after 30/60/90 days.
There are brokers who made their way from iso to iso sucking up the draw...going to the next isos complaining about the last...90 days ... draw...complain about last iso...on and on their whole life
Problem with the draw is the 80/20 rule. 20% of the sales force does the most work and is "in essence" going to be paying those draws with a reduction in commission because the money has to come from somewhere.
30 salespeople @500 a week = 60k per month
$300 = 36k monthly
So now you screw over the top producers with 3% commission because lazy people won't pick up the phone.Or they have no sales skills.
To each their own
And then when /if those people create white label funders and try to get everyones sales...craziness breaks out ; its been horrible to watch, and you cant tell who you are doing business with sometimes until after the fact.
only touch the hot stove once..or learn from other people buring themselves
( I should have known better, i listened to some bs story of how the womans boyfriend and her broke up blah blah ...thats how I got involved with that default..i fell for it like a sucker, never ever again though)
And they did not break up...caught it before I let it go to fundingLast edited by Karen37a; 04-05-2018 at 09:40 AM.
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