I work for an agency and receive $400 a week and $200 for car allowance. Every 13 weeks my pay goes down $50 and by start of my third year straight commission. I think this part is fair but my commission split is 35/65% The 35% is my cut for new and renewal. This is for commercial and health insurance. Asked if this goes up when I am on straight commission owner said no. Also we have to get our own leads. Even call in business goes to the manager. What do you think? Thanks for your input
Am I Getting Ripped Off?
- Thread starter Philly
- Start date
Does not sound attractive to me. I think you can do better!
You could get a lot better comission but without the car allowance and guaranteed salary. It depends on how well you produce. If you're mediocre, you might be getting a good deal. If you're bad, you'll make nothing either way because he'll boot you. If you're good you need to find somewhere else to be.
- 620
It's a good place to get your feet wet. WOuldn't stick around though
- 11,997
It's the price you've chosen to pay to get started. I think it'd be unethical for you to leave after you he's been paying you a total of $600/week and he's probably losing money on it from the start. You're lucky to have found someone willing to pay you anything to get started. If you had decided to start straight commission the split would have been higher but then you'd have had no eating money.
Bottom line is that I think it's a great way to get started, but I think you'd better put in at least 2 years before leaving or give him back the money he's paid you in salary thus far.
Bottom line is that I think it's a great way to get started, but I think you'd better put in at least 2 years before leaving or give him back the money he's paid you in salary thus far.
Since when does that stop people ? I've seen a lot of the prima donna syndrome with new producers...maybe that's where the high turnover comes from?
Here's a suggestion....Show him some great production numbers for the next twelve months..then ask if he wants to renegotiate your terms. Otherwise...you are the proverbial "fart in the windstorm" and will be likely joining the ranks of unemployed mistreated ex producers. IMHO
Love it... I myself have looked at hiring a producer and I can not afford the upfront base they want. Your lucky to get a base at all. If you can afford to have no money until commish comes in you should split and go somewhere that pays 80/50%. You will make a lot more money in the long run.
