Anybody ever take a job that is all commissions starting out with a draw? I have an offer as a financial advisor that offers a draw against future commissions where they give you 200 clients that have already been serviced at some point to work and get referrals from while you get started and can back off of the draw as needed.

Just hoping to get some feedback on this type of thing. My only other option is 30-35k in a bank or call center.

1/24/2007 2:00:06 AM

i'd say, go for it.

but i dont know a thing about business. im an engineer. we dont fuck with sales or commissions.

it sound like it could be fun. maybe youll make $Texas

or maybe you'll fuck up a list of 200 warm clients, owe a bunch of money from advance, and have to move in with your folks while you work as Asst. Mgr. at Starbucks.

never know till you try



[Edited on January 24, 2007 at 6:32 AM. Reason : ]

1/24/2007 6:30:28 AM

ill have a hot apple cider, no caramel.

1/24/2007 9:24:51 AM

Venti Cafe Mocha

[Edited on January 24, 2007 at 10:18 PM. Reason : dyslexic much?]

1/24/2007 10:17:42 PM

I worked on draw-pay at Sears while it was straight-commission (if it was slow). Don't forget - they have to pay you minimum wage so you only owe the difference between what you chose to draw and minimum wage if you really mess it up

1/25/2007 7:10:12 AM

i sold houses for a local builder for 1.5 years and was allowed a partial draw on sales i made. commisions weren't payed until the house closed, which was sometimes 4 months out if it was a pre sale. if it fell through, you were screwed to make it up if you'd taken a draw.

i had the added benefit of a small salary for the first 3 months. if i didn't have that and had to do draws only, i wouldn't. it's a pretty risky thing to do, and the pressure to perform sucks. i did pretty well financially in my time there, but got really burnt out worrying about if i was going to make any money month to month. you also have to budget/plan very carefully. you may make bank one month, then be dry for the next two.

it's a catch 22 really. you can easily dig yourself into a big hole if the company doesn't regulate the draws too much, or you can be screwed with no money coming in if you don't perform and they have a strict limit on draws.

my advice would be to work a normal salary job for a while. save up a cushion, and then go for the commission job if you want. that way you've got something to fall back on.

[Edited on January 28, 2007 at 1:23 PM. Reason : .]

1/28/2007 1:21:48 PM