Day 36
Ugh. So today I thought I was gonna make out like gangbusters and close 7 sales. I had a client who wanted to buy this small portfolio of 7 names for $1K. This was a good deal, thought I, as it would turn into 7 sales for my total. I would, of course, have to split that up but hey, 3 $200 sales, then 4 at $100 and you have a grand! All kinds of good feelings ensued as I carefully and lovingly read all of these into the system.
..until I realized that there is a little minimum commission rule that kicks in for penny ante sales like that which sets a minimum $50 to cover my efforts and the transfer service. So basically instead of a $100 10% fee my client ended up being charged a 35% fee. No good. Had to go in and cancel it all and in the end it will look like one $1,000 sale. what a pain in the ass! There is no way that is going to look good at the end of the year; having a streak of 6 cancellations in a row. Arrrrgh.
..until I realized that there is a little minimum commission rule that kicks in for penny ante sales like that which sets a minimum $50 to cover my efforts and the transfer service. So basically instead of a $100 10% fee my client ended up being charged a 35% fee. No good. Had to go in and cancel it all and in the end it will look like one $1,000 sale. what a pain in the ass! There is no way that is going to look good at the end of the year; having a streak of 6 cancellations in a row. Arrrrgh.