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For example...
If your average debt load is $35K (industry average for last week, at least), at a 48-month program and 70% commission, your projection would look like this:
Increments of 5 deals per month:
|
Month |
# of Deals monthly |
Commission |
Total Gross Income |
|
1 |
5 |
$1,464.50 |
$1,464.50 |
|
2 |
10 |
$4,418.50 |
$5,883.00 |
|
3 |
15 |
$8,862.00 |
$14,745.00 |
|
4 |
20 |
$14,374.50 |
$29,119.50 |
|
5 |
25 |
$20,805.75 |
$49,925.25 |
|
6 |
30 |
$28,155.75 |
$78,081.00 |
|
7 |
35 |
$36,424.50 |
$114,505.50 |
|
8 |
40 |
$45,612.00 |
$160,117.50 |
|
9 |
45 |
$55,718.25 |
$215,835.75 |
|
10 |
50 |
$66,743.25 |
$282,579.00 |
|
11 |
55 |
$78,687.00 |
$361,266.00 |
|
12 |
60 |
$91,549.50 |
$452,815.50 |
- However, in order to meet those projections, you would have to start at 5 deals/month and continue selling 5 more deals each month to get that $91,549.50 monthly commission at the end of the year!
- Average pay out to employees is roughly 1%=$350
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