Hey Contractors, Here’s A Sales Commission Plan That’ll Supercharge Your Profits
What Im going to share with you today is the single most powerful trick I know for supercharging your bottom line.
At some point in time, if you are going to grow your construction business beyond $2 million, you are going to need someone working on sales full time. Now, maybe sales is your thing and you want to do that full time. Fantastic.
Its almost always best when a business owner is committed to selling. But even if you sell successfully, you may still end up wanting to add another salesman.
If sales isnt your thing, then you will definitely need to hire a salesman. Either way, you are going to be faced with a critical decision.
How should you pay your new salesman?
Draw (salary) plus commission? Bonuses for sales generated? Increased commission with increased sales volume? A higher commission for new customers? Straight salary?
All of these are commonly used approaches. Not one of them is likely to produce the profit results you seek.
If you let your salesman have his way, he will want a draw plus commission. Most will ask...
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