6 Lucrative Career Paths That Are Based on Commission

Working for a commission-based income can be an incredibly lucrative career path for those looking to make more money than a traditional salary offers. It can be a great way to incentivize yourself to work harder and reach higher goals with the potential to earn more money in the process. Commission-based jobs are available in a variety of industries, from finance and real estate to sales and marketing. Whether you’re looking for a full-time or part-time job, there are plenty of options to choose from. Here are six of the most lucrative career paths that involve commission-based income.

Real Estate Agent

Real estate agents have the opportunity to earn a lot of money over a short period of time. This is because their income is based on a percentage of the total sales price of properties they sell. The more homes you sell and the higher their price, the more money you will make. Real estate agents are also paid a fee for their services, which is predetermined by the listing contract. This means you can make a guaranteed income every month. There are also other benefits to working as a real estate agent. You have the opportunity to work remotely, set your own hours, and work independently. It’s important to note that you will need a license to become a real estate agent.

Insurance Sales Representative

Insurance sales representatives are generally paid on a straight commission basis, meaning their income is only dependent on the number of policies they sell. This makes it easier for these salespeople to reach their goals, as they’re only focused on one metric—sales. Insurance salespeople are paid a percentage of the insurance premium for each policy. This percentage varies depending on the company and type of policy. The more policies you sell, the more money you can make. In addition to upfront commission, many insurance sales representatives are also paid ongoing residuals. Residuals are a percentage of each monthly premium until the policy expires.

Investment Broker

An investment broker helps clients buy or sell securities like stocks and bonds. They generally work at a brokerage firm and are paid a commission when they make transactions for their clients. Investment brokers are generally paid a percentage of the total dollar amount of the transaction. The more transactions you make and the higher the total dollar amount, the more money you can make. Investment brokers generally make a lot of money for each transaction. The Securities Industry and Financial Markets Association states that the average commission for each transaction is around $6,000. Investment brokers are also generally paid a monthly salary. This salary is usually higher than the average monthly salary since investment brokers are generally able to make more money per transaction.

Recruiter

A recruiter is someone who finds candidates for a particular job. They usually work for large firms that are hiring in a variety of industries. Recruiters are typically paid a percentage of the salary of each candidate they bring in. This percentage varies depending on the industry and type of position you’re recruiting for. The more candidates you bring in and the higher their salary, the more money you can make. Recruiters generally make a lot of money each time they bring in a candidate. The average commission for each hire is between 25 and 33 percent, according to the Society for Human Resource Management.

Technology Broker

A technology broker helps clients with their hardware and software purchases. They might sell computers, laptops, smartphones, and software or simply help bridge the gap between their client and a reputable tech company. Also known as technology advisors, these individuals are generally paid a commission when they successfully facilitate a deal between these two parties. These commissions are often based on a percentage of the total price of the item or service. This percentage varies depending on the industry and type of item you’re selling, but the bigger the deal, the more money you can make. 

Sales Representative

A sales representative works on behalf of a company to sell its products. Sales representatives are generally paid a commission based on the number of sales they make. The more sales you make and the higher the price of each item sold, the more money you can make. Sales representatives generally make a lot of money each time they make a sale. The average sales commission is around 25 percent, according to the Bureau of Labor Statistics. These are just a few of the many career paths that offer commission-based income. If you’re looking for a way to earn more money and incentivize yourself to reach certain goals, commission-based income can be a great option.

Conclusion

The jobs mentioned above make up only a small portion of commission-based career paths that exist today. If you are self-motivated, disciplined, and looking to make money in a way that directly reflects how hard you are willing to work, a commission-based career may be the right choice for you.