Tags |
|
|
Links |
|
|
Casual Articles - How Much Commission Should You Pay?
Online Political Debates and Forums sure get out of hand quickly, as the debates so often turn to personal attacks. Of course when this happens all is lost as the issues become clouded and the purpose of the debate is lost. Online debate forums therefore need a strong set of moderators and collaboration between the moderators with specific and pre-defined guidelines, which must be adhered to.That sounds time consuming and it can be extremely challenging, so each moderator must be certain that they can perform? They need to ask themselves; what have they ever done in their life that ma
Another aspect of the “Services” portion of the commission is that it’s really more than a time-and-materials charge. You can’t calculate the service portion o
Not everyone is a marketing guru. Even some who claim to be. But that’s another story for another time. The goal here is to provide some basic help for the growing number of small business owners – many with start-up ventures – who have to market their own products and servicesThe first question I’m usually asked in seminars and workshops – even by some of the business owners I coach – is, “How much should I be spending for advertising?” My answer’s always the same, “Zero!” Why? Because advertising dollars should be an investment, not something you “spend.” Advertising should b
Commissions are comprised of three parts:
- Advertising budget – the money spent to advertise your home.
- Buyer Agent Split – this is the share of the commission that is offered to other agencies as an incentive to find buyers for your home.
- Fee for Services – this is the portion of the commission that the listing agency earns for all services performed on your behalf.
A common mistake made by sellers is to think of commissions strictly as component number three – Fee for Services. They feel good about negotiating a low commission rate but fail to realize that they may have undermined the successful sale of their home. To compensate for a low commission rate agents will sometimes lower the advertising budget and commission split offered to other agents. From the seller’s standpoint this is counterproductive. What good is it if you save one or two percent on the commission rate but fail to attract qualified buyers? For superior results you need to attract as many buyers as possible.
Another aspect of the “Services” portion of the commission is that it’s really more than a time-and-materials charge. You can’t calculate the service portion o
Many years ago, I spent quality time with aunts, uncles and grandparents. My grandparents went to church and read the Bible. They worked hard and they lived a hardy life. Those are the lives grandchildren want and need to know about. I truly enjoy writing email to friends and relatives that have been around all my life, and my grandchildren get a kick out of reading about the things we did. There may be changes in the world, but people are still people.In 1973 a couple of my cousins joined with 21 other members of my mothers family and wrote a genealogy book. It's something that I've
Commissions are comprised of three parts:
- Advertising budget – the money spent to advertise your home.
- Buyer Agent Split – this is the share of the commission that is offered to other agencies as an incentive to find buyers for your home.
- Fee for Services – this is the portion of the commission that the listing agency earns for all services performed on your behalf.
A common mistake made by sellers is to think of commissions strictly as component number three – Fee for Services. They feel good about negotiating a low commission rate but fail to realize that they may have undermined the successful sale of their home. To compensate for a low commission rate agents will sometimes lower the advertising budget and commission split offered to other agents. From the seller’s standpoint this is counterproductive. What good is it if you save one or two percent on the commission rate but fail to attract qualified buyers? For superior results you need to attract as many buyers as possible.
Another aspect of the “Services” portion of the commission is that it’s really more than a time-and-materials charge. You can’t calculate the service portion o
Real time service company scheduling systems are important during the heat of battle. You are racing against the clock to fit in all your customers both regular customers and call ins, while trying to squeeze in the emergency calls. Yes, I know exactly how it is. I founded the Car Wash Guys Franchise. Car Wash Guys.comWhat we learned over the coarse of many years was that on the routes our crews would schedule work, then we would have 1-800 call ins thru an outsourced call center and later we added online ordering. You can imagine the conflicts with each crew doing some 6-20 stops per
A common mistake made by sellers is to think of commissions strictly as component number three – Fee for Services. They feel good about negotiating a low commission rate but fail to realize that they may have undermined the successful sale of their home. To compensate for a low commission rate agents will sometimes lower the advertising budget and commission split offered to other agents. From the seller’s standpoint this is counterproductive. What good is it if you save one or two percent on the commission rate but fail to attract qualified buyers? For superior results you need to attract as many buyers as possible.
Another aspect of the “Services” portion of the commission is that it’s really more than a time-and-materials charge. You can’t calculate the service portion o
The U.S. Department of Energy’s record-keeping arm issued very encouraging data this week, which should give a boost to many of the companies developing their uranium properties in the United States. Front-runners, with the more solid outlook, include Strathmore Minerals (TSX: STM; Other OTC: STHJF), UR-Energy (TSX: URE), Uranerz Energy (OTC BB: URNZ) and Energy Metals (TSX: EMC). The U.S. government’s uranium annual report should also help bolster the aspirations of the more speculative uranium explorers and developers we have previously written about, including Kilgore Minerals (TSX: KAU),
Another aspect of the “Services” portion of the commission is that it’s really more than a time-and-materials charge. You can’t calculate the service portion o
One of the things that will help you enjoy your audio book to its fullest potential is to invest in a good audio book player. Portable media devices are good tools for listening to your audio books, but audio book players are specifically designed for listening to audio books. An audio book player typically includes features that make listening to your book just as enjoyable as reading your favorite book.Many people still enjoy the original format of audio books on tape. Even with modern technology, audio books on tape provide conveniences that other players do not provide. Listening
Another aspect of the “Services” portion of the commission is that it’s really more than a time-and-materials charge. You can’t calculate the service portion of the commission by multiplying a fixed dollar amount by the number of hours an agent invests in selling your home. Why? In a traditional commission arrangement payment of the commission is conditional. The seller is only required to pay a commission if a buyer is found and the home actually sells. If the home does not sell, the homeowner pays NOTHING. The agent and broker are assuming the costs and risk of a home not selling. If the home doesn’t sell not only does the agent not earn a single penny, but they actually lose money. You don’t need to feel sorry for the agent. But, understand what you’re paying for. A large part of the “Service” portion of the commission is actually for risk mitigation. Not only are they assuming monetary risks by paying for marketing up front, they assume some of the liability risks via their involvement in the sale. You are also paying for the agent’s knowledge and experience to guide you through the sales process. There are a few agents that are willing to work for time-and-materials. But interestingly, once a seller understands that under this business model they may have to pay several thousands of dollars without any guarantee that the home will sell, most opt for a traditional commission arrangement where payment is only due if there’s a successful conclusion.
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.casualarticles.com/article/149036/casualarticles-How-Much-Commission-Should-You-Pay.html">How Much Commission Should You Pay?</a>
BB link (for phorums):
[url=http://www.casualarticles.com/article/149036/casualarticles-How-Much-Commission-Should-You-Pay.html]How Much Commission Should You Pay?[/url]
Related Articles:
4 Tips For A Successful First-time Showing At Any Tradeshow
Marketing with Blogs and RSS Feeds
Bookmark it:
|