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ONCI additional $45M revs from these 16 new sales

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Post# of 99169
(Total Views: 884)
Posted On: 09/20/2017 10:48:52 PM
Posted By: WinstonNC
Re: WinstonNC #62184
ONCI additional $45M revs from these 16 new sales agents>

Estimate additional $45M revs from these 16 new sales agents>

From my prior work experience as controller of a mid-size carpet import/distributor, I prepared commission checks for approx 30 independent sales agents (as well as 14 in-house sales reps). Many of these 30 agents would receive $20k - $30k commission checks each month (average $25k/mo). Their commission rates varied between 9% - 14% depending on selling price to our customer.)

Based on this information, it's fair to assume a 11% commission rate (which is an average of 9% - 14%) and an average monthly commision check to each sales agent of $25k.

The additional commissions & sales are estimated to be:

1) 16 agents * $25k/mo * 12 mos = $5 mil in commissions
2) $5 mil in commissions / 11% average commision rate =
$45,000,000 in total annual sales.

thanks to QTRADERQ post



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