Selling in This Economy and Commission by Grant Cardone

TL;DR

Commission-based pay provides true financial security as it relies on an individual's ability to produce and outperform competitors.

Transcript

hey this grant card Ellen I want to talk to you about Commission's first salary and which one makes you more secure it was interesting the other day I got a phone call from a gentleman they said man my wife is ragging on me right now she's saying because things have gotten tough I would be better off in a salary position I'm like look man everybody... Read More

Key Insights

• ⚾ Commission-based pay offers more financial security as it is directly tied to an individual's ability to produce results.
• 😀 Employees on salary can still face job insecurity if they fail to meet expectations.
• 🔐 The key to financial security lies in an individual's ability to produce sales volume and gross profit.
• ⌛ In challenging economic times, it is crucial to focus on increasing productivity and outperforming competitors.
• 😌 Commission-based pay is not the problem; the challenge lies in generating sufficient production, sales volume, and gross profit.
• ☄️ True security comes from understanding and knowing how to generate results in the marketplace.
• ⚾ Improving skills, attitude, and prospecting abilities are essential for success in commission-based pay.

Questions & Answers

Q: What is the difference between commission and salary pay?

Commission pay depends on an individual's ability to produce and generate sales, while salary pay offers a fixed amount regardless of performance.

Q: Why should I choose commission-based pay instead of a salary?

Commission-based pay offers more financial security as it incentivizes individuals to consistently perform, and they have the potential to earn more based on their productivity.

Q: Can I be secure in a salary position?

While salary positions may provide a sense of stability, true security comes from one's abilities and their capacity to produce, which is inherent in commission-based pay.

Q: How can I increase my security in commission-based pay?

To increase security in commission-based pay, focus on improving your skills, knowledge, and attitude, which will enable you to generate higher sales volumes and gross profit.

Summary & Key Takeaways

• Commission-based pay is often disguised as a salary but offers more security as it relies on an individual's performance and ability to produce.

• Employees on salary can still be let go if they fail to produce results, highlighting the importance of commission-based pay.

• Security in income comes from an individual's abilities, including their ability to generate sales volume and gross profit.