Normally, if you had a choice of the type of income you’re looking for from within the workforce, you’d be choosing between standard W-2 weekly or bi-weekly paycheck vs. straight commission. For most, the choice is natural: people shy away from commission-based positions, and lean more toward the weekly paycheck! Why is that? Isn’t it obvious?
In some of the highest facets of business, commission is pretty typical; and in all honesty, the term ‘commission’ changes into something called ‘residual income’. This is something generally reserved for the top of the ladder; you basically have to make your way up to the top. Most potential employees need stability, and it just so happens that the weekly paycheck is ‘stable’.
Don’t count commissions out, though. As said before, while the higher-ups for certain companies enjoy a steady flow of commissioned income, they didn’t get there without some work. If you want cash flow to blow your wallet away, you have to build your sales, your brand, your business. You’re not an employee. You’re an entrepreneur. A businessperson. Statistically, the job market shows a higher salary range for commissions than any other hourly rate or yearly salary. The reason for that is there’s no cap–you can make as much–or as little–as you want. It all largely depends on the effort you put out.
It’s the getting there that’s tough–and you have to have tough skin to get there. All commission jobs are sales positions, or at least have an element of sales and marketing; so the prospect of dealing with people and the stress of making a quota of sales can turn workers off. Where’s the guarantee of income? However, some commission jobs these days have the inclusion of a base hourly wage as a safety net. There is the question, though, of reliability if you’re not selling anything….
It’s a tough way to work. But it has its rewards. Consider what suits you.