How does working on commission work?

Question

I'm doing some research on opening a barbershop business and wanted to know how commission worked. Is it beneficial for the employee as well as the owner?

Answer 1

In this barbershop business, do you want good solid steady professional stylists? Then giving them a base salary plus a commission would be your goal.

Answer 2

You Get Paid When You Update:

    * Your Welcome Page

    * Your Online Journal

    * Your Picture Albums

Get Paid When Anyone Looks At:

    * Your Welcome Page

    * Your Journal Entries

    * Your Picture Albums

    * All Your Friends

    * All Your Comments

So don't worry about the money, but just realize that the more fun you have interacting with other friends you make at the party and then invite more friends to join in when you see how much fun it is, the more extra cash you'll end up with!

You Get Paid When You Update:

    * Your Welcome Page

    * Your Online Journal

    * Your Picture Albums

Get Paid When Anyone Looks At:

    * Your Welcome Page

    * Your Journal Entries

    * Your Picture Albums

    * All Your Friends

    * All Your Comments

So don't worry about the money, but just realize that the more fun you have interacting with other friends you make at the party and then invite more friends to join in when you see how much fun it is, the more extra cash you'll end up with!

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Answer 3

If you work on straight commission, you get a percentage of your sales.  You may or may not be able to get advances against future commissions to tide you over when sales are slow.  You get no salary.  If you are a good salesperson and have a good product, you can make awesome money.  You can also go broke in a hurry.

Answer 4

I have worked on commission several times with several different companies.  I worked in three commodities brokerage firms on commission only.  It was a great experience, but very expensive.

It means that you don't get paid until you sell something.  It also means that you don't get paid until the company gets their money and then they pay you.  If you are absolutely wonderful at sales and familiar with the industry, it might work out for you.  It also means that the company doesn't have any benefits for you and your income is reported to the IRS by a 1099.  It also basically means that you are your own boss, except that they dictate your hours.