Sales Compensation Plan Examples: Merchant Services
Lease commissions ranging from $125-$450.
Up to $200 up front bonus for each account plus up to 75% residual.
For each activation, agents are paid a one-time $200 bonus plus a monthly residual of 30%.
Starting commission rate of 40% with an opportunity for 60% with enough accounts. Rate increases to 45% after first 5 accounts. After 200 accounts, expect $100k in yearly earnings.
Sell 6-8 locations per month and make $100,000 plus residuals. Two sales per week averages $1500-2000 plus 50% residuals.
50% signing bonus plus 15-25% lifetime residuals. Vesting reps can sell residuals for 30x value.
Each closed account nets 4300 up front bonus and 20% commission for lifetime of account.
Lifetime residuals. 25-40% residuals for lifecycle of customer. 30x buyout options twice yearly. 401k after 90 days. Medical, dental, vision after 90 days. Life and AD& D insurance. Includes iPad.
Starting base salary of $32,000 plus 3% commission on total sale.
20% commissions on gross revenue for a period of 2 years, even if not employed with a cap of $20,000 per client. Register 50+ businesses and commission rate grows to 25%
Are Solar Panels A Ripoff
Solar energy is a time proven, clean and affordable source of electricity for your home. Recent improvements in the manufacture of photovoltaic panels used in the conversion of free, inexhaustible solar energy from the sun have made home solar power a viable option for many consumers, that is NOT A SCAM.
Can A Home Be A Good Candidate For Solar Energy
1. You may not be a good candidate for solar energy. Believe it or not, not every home is initially a great candidate for solar energy. Some solar company salesmen will happily install a solar system onto your home and youll be paying for that mistake for years to come. Here are some factors to take into consideration: 2.
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Sales Compensation Plan Examples: Financial/investing/wealth
They payout is 80% of first months billing plus an ongoing residual
Our average rep closes 10 deals per month. Average funded amount is $30,000 and commissions are 2.5-5%.
After the company 7-10% is deducted from the loan amount, you make 25% of the profit. Once you reach $250k in loans, you go up to 30% commission.
True base of $30,000-$40,000 per year plus 2% commissions on gross
When youre ready to hire sales reps with us, give us a call at 888-447-3001. Once you sign up, well send you training videos to help you know what to say to candidates to get them interested in your commission-only position.
Solar Sales Consultant Job Description
Solar sales consultants, also known as solar sales representatives, provide customers with information about solar-powered equipment. They are usually the first point of contact with customers and provide detailed information about cost savings and energy incentives relating to solar-powered products and equipment.
- Completely free trial, no card required.
- Reach over 250 million candidates.
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How To Become A Solar Sales
If you’re interested in becoming a solar sales, one of the first things to consider is how much education you need. We’ve determined that 59.7% of solar sales have a bachelor’s degree. In terms of higher education levels, we found that 6.5% of solar sales have master’s degrees. Even though most solar sales have a college degree, it’s possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a solar sales. When we researched the most common majors for a solar sales, we found that they most commonly earn bachelor’s degree degrees or associate degree degrees. Other degrees that we often see on solar sales resumes include high school diploma degrees or master’s degree degrees.
You may find that experience in other jobs will help you become a solar sales. In fact, many solar sales jobs require experience in a role such as sales manager. Meanwhile, many solar sales also have previous career experience in roles such as sales associate or store manager.
Other Solar Commission Structures
Weve also seen other schemes including:
- Canvassers: $200 per lead + 1% of project total
- Canvassers: $15 per hour + $50 per appointment
- Canvassers: $500 bonus when booking X+ appointments within a month
- Canvassers: $1000 commission draw for the first month
- Solar Sales Reps: $50K base + $350-$500 per KW
- Solar Sales Reps: $50K base + flat $1000 per sale
- Solar Sales Reps: $40K base + 3% of sales price
- Solar Sales Reps: $500 gas bonus after selling 2 deals
This depends on how wide a safety net you want to provide to your reps, and whether you want to use 100% commission-based reps vs. employees with a base salary.
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Sales Compensation Plan Examples: Medical Device Sales
Minimum wage plus 10% gross commission
$2500 per signed contract
15% commission on a $15,000 medical device
$500 per contract and 10% in perpetuity
Royalties paid for 24 months subject to renewal. Full benefits and stock options based on performance. Compensation is based on royalties up to 2 years subject to renewal to another 2 years.
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Quality Of Life For Solar Sales Representative
With a take-home pay of roughly $5,711/month, and the median 2BR apartment rental price of $2,506/mo**, a Solar Sales Representative would pay 43.88% of their monthly take-home salary towards rent.
Sales Compensation Plan Examples: Insurance Sales
12-month advance 17% commission + vested renewals. Motivated reps can make $150k/year.
New business commissions paid at 50%. Renewal business 25%. $1500-$2000 draw against commissions monthly and a 90 day base is provided while building your pipeline.
We provide a base of $30-$40,000 with medical and dental. Commissions range between 2-10% per sale based on type of product.
40% new business commission and 25% on renewal income. 5% new renewal commission income of agency team and up to 49% ownership of book of business.
Base of $24,000-$40,o00 based on experience, and when a 15% commission exceeds the base, the commission is paid. Similar to a draw, but base is never rescinded.
All commissions are residual and most splits are a 50/50 basis net of expenses.
Base salary of $2000 first month, $1500 second and $1000 month 3. Commission are 5% P& C, 22% L& H and 50% annuities
10% commission and 3-4 year rep can make 100K with residuals.
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Sales Compensation Plan Examples: Solar Sales
$40,000 base plus 3% commssion , 4% and 5% above $4.60 watt. Team commission is also paid at .05% on sales above $4 watt.
$1000 draw against commission for first 90 days and 100% commission thereafter. $600 gas bonus per month if 1+ deal sold.
$100 per lead plus 1% entire gross of sold project
Solar canvassing sales manager earns $50,000 base plus $250/sale override on managed rep. Solar sales rep earns $1000 per sale .
True base salary of $30,000 plus 3% commission on gross system cost. 3% of system costs will be paid 25% on Friday after signed and rest after install is complete. Promotion targets include opportunity to earn 4-5% commission rates as well as higher salaries. $20K per month in compensation is possible for the highly motivated rep.
We pay $12-15 per hour and $25-$50 per appointment depending on weekly productivity.
We pay $50 for setting an appointment with bonuses for higher number of appointments, plus $200 for each appointment that becomes a sale.
$300 commission per KW sold on self generated deals. Average deal is 5kw or $1,500. 70% of commission paid the following Friday and then remaining 30% when deal is closed.
$500 per Kw minimum commission.
Is It Hard To Sell Solar
Fortunately, selling a home with solar panels isnt as difficult as many people think you just have to understand the ins and outs of what buyers want and be aware of the potential challenges. In many cases, having solar panels on your home actually increases your homes value and makes it more attractive to buyers.
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Sales Compensation Plan Examples: Advertising Sales
Note: Average commission for this position is 20%. Some clients offer a base salary with ability to grow to 25% commission.
20% commission for each new advertiser plus 10% of advertisers spend for year 1. After year 1 you earn 1% for life on ad spend.
$10/hour for first 6 weeks, then 8.25/hour. Commission rate is 23-25%.
Base salary of $2,750/month with 4-8% commissions on gross. Commissions depend on price per spot.
$25,000 base salary plus 15% uncapped commission rate
25% straight commission plus bonuses
Agents receive an exclusive territory and 25% commission on gross revenue.
20% commission for W2 employee or 30% for 1099 and you generate your own leads.
20% starting commission with ability to move to 25% and a base salary.
20% commission to start and then 25% after 30 days.
$200-$325 weekly base pay plus 20% commission
25-30% straight commission on ad sales
20% straight commission
20% commission plus $10k/year to cover auto expenses, plus bonuses and healthcare after 90 days
20-33% commission range
We will consider a draw for the right person. Reps get 35% of the garment cover which is $2,100.
25% commission plus residuals
20% for each new advertiser and 10% of the ad spend for that client for 1 year.
20% straight commission
$30,000 base plus 10% commission.
$450/week base plus 8.5% commission
30-$45,000 base plus 15% commission
Base salary of $2,000-$3,000/month plus 20% commissions with no cap.
$15-$20/hour plus 20% commission
Sales Compensation Plan Examples: Automobile/car/boat Sales
25% of front-end gross. $250 minimum commission. Volume bonus, backend compensation, factory bonus
$350 week plus 20% of gross profit for experienced automobile sales reps. $250/week and 13% gross profit for inexperienced
$1,600/month draw on 15th and 30th of each month. 25% commissions on gross on new and used vehicles including holdback less $375 pack plus any costs added to vehicles on sales 1 through 9. On sale 10-14 commissions will be 30% retroactive to your first sale. On sales 15 and above, this will be 35%. CAC deal pays $200 with no F& I. Commissions on finance deal over $500 reserve $25, $25 for warranty and $15 for gap, maintenance plan or lease protect. Entire car protect $75. Salesman of the month $250. $100K bonus for selling 800+ vehicles in 4 years.
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Below Is A List Of The Median Annual Salaries For Solar Sales Representatives And Assessors In Different Us States
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What Barriers Might Stop Someone From Succeeding
Certain physical abilities are a requirement for outside solar sales, as salespeople need to travel long distances and enter many types of homes that might not meet accessible design standards. Evening hours and weekend work can also be expected in some solar sales roles.
But when it comes to education, solar sales can be more accessible than some other positions in the cleantech industry. Salespeople learn about the product they sell on the job, and a college degree typically isnt required, although salespeople come from a variety of educational backgrounds.
The first few days, we had in-house training and learned everything about the company and the benefits of solar, so education isnt much of a barrier, said Vorobyova.
The role is also flexible and potentially lucrative, Vorobyova said. It can take up as much time as you put into it. It can be a little difficult sometimes on very busy days, working so many hours, but if thats something youre willing to do, then you can succeed. If you want time off, theyll approve it. And theres no cap on how much you can get paid, or on your satisfaction.
Every solar company is different. Often, new salespeople can succeed and move up quickly based on strong performance. Vorobyova canvassed for three months before being promoted.
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Sales Compensation Plan Examples: Home Improvement
Our average sale is $14,000 and with 10% commission reps are making between $100-200K. 100% commission.
$400 a week for 4 weeks training. Then 100% Commission 7% commission on provided leads. 9% commission on leads self generated. Health Insurance and Simple IRA.
25,000 Base Salary + Commissions ranging from 6% 12% based on a Par selling scale. Benefits after 90 days.
50% commission for veteran reps / 35% commission for non experience reps with $300 weekly training pay.
Base salary of $35,000-54,000 per year plus 2% commission after break-even is met.
Base salary of $300/week plus commission at 5% of all good sales generated.
8% commission of total of contract sold. Estimator must pay for his/her own gas, and provide their own transportation.
Two options. $400 per week base pay plus 7% commission, or 100% commission and 10% commission on job total.
$450 per week for up to 60 days, then 10-12% of the total sale. Average sale is $7,000.
10% for in-house leads, 12% for rep generated leads. 50% paid of profit for all up-sells.
10% of gross sales.
True base salary of $800/week plus 10% commission on job total.
Large window company: $10-$14/hour plus 3% commission on total job.
Qualities Of A Solar Sales Representative Or Assessor
These are the skills Solar Sales Representatives and Assessors say are the most useful in their careers:
Speaking: Talking to others to convey information effectively.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Service Orientation: Actively looking for ways to help people.
Persuasion: Persuading others to change their minds or behavior.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
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Sales Compensation Plan Examples: Roofing And Storm Restoration
10% of the total sale seems to be the standard in the roofing restoration business.
10% of total contract. Incentives and bonuses after $250,000 in sales.
We pay based on sales invoice minus costs for office and materials. Sales rep receives 50% of profit after costs. If invoice is $20k and material and office cost is $14k, remaining profit is $6,000 and rep makes $3,000.
Average commission is $800-$2000 per job and paid 50% upon turn-in. 4 week paid training. Paid housing at storm location along with 75% paid medical and dental.
Paid Housing, $10k per year on average. 7 weeks of paid training at $375/week. Gas allowance, $75/week. Paid cell hot spot, $140/month. Health insurance and we pay 50% of your HSA deductible. Profit sharing. 401k. Vacations.
10% of gross sale. 401k and medical insurance.
10/50/50 Split. 10% off the top and 50% of the profit goes to the roofing sales rep.
7.5% of the total price of roof.
12-15% of the overall claim.
6% commission until proven, then 10%.
4% of initial contract signed.
40% net income paid on all completed claims.
Commissions range from 3-10% depending on experience.
10% commission on first $800k in sales. 11% until 1m and 12% over 1m in sales.
7-10% of total job depending on experience for in-home sales reps. Canvassing reps make $20 per inspection.
Frequently Asked Questions About A Solar Sales Salaries
The national average salary for a Solar Sales is $51,772 per year in United States. Filter by location to see a Solar Sales salaries in your area. Salaries estimates are based on 15 salaries submitted anonymously to Glassdoor by a Solar Sales employees.
The highest salary for a Solar Sales in United States is $101,839 per year.
The lowest salary for a Solar Sales in United States is $26,319 per year.
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How Much Money Do You Make In Solar Sales
How much does a Solar Sales make in California? As of Jul 9, 2021, the average annual pay for the Solar Sales jobs category in California is $79,763 an year. Just in case you need a simple salary calculator, that works out to be approximately $38.35 an hour. This is the equivalent of $1,534/week or $6,647/month.
Sales Compensation Plan Examples: Logistics Sales
$500 per week and 35% commission rate
$50,000 per year and 1.5% commission on all collected sales
15% commission with $2,000 monthly draw. 401k, medical, dental, vision, life insurance, long term disability.
20% straight commission
30% commission on NET profit
10% profit for every shipment of about 20% markup at an average of $150/shipment.
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Anyone Making Money In Solar Sales
Been there, done that. Typical 80/20 rule. 80% of solar sales people make crap, 20% make an absolute killing. The commissions are great, but the market is flooded and everyone thats qualified has already been pitched solar a hundred times already.
The company I worked for in particular involved me selling a lead the idea of solar, then coming back and selling them the specific layout/arrangement we can do for them, and then walking them through the whole process up until the installation before I was issued any sort of commission. Granted my commission was $1k/kw which is pretty good, you have to have a lot of accounts in your pipeline for consistent income because the whole sales to install process takes a minimum of 3 months and there are way too many opportunities for your client to bail on it.
I DEFINITELY wouldnt do it again unless you happen to live in a market where residential solar only just now became available.
Large company that rhymes with Bibint?
donniedenier, what area of the country did you work in? how were the hours? do you have an opinion of the Utah/SLC market?
Florida just became available a year or two ago. only 7% market penetration. Sunshine state baby
I met a guy who managed a team of d2d solar sales people, he had a pretty nice house in malibu
Can you comment on what qualifies as very good?
Are you asking about residential?
My father is in the commercial side and this comment is spot on.
State incentives drive this business