Wage or % of Profits ?
- Thread starter Jakeee
- Start date
All depends the shop is a big earner, for a shop I would say NO, take the wage? and if the profits/earnings were consistent if its not, wage for sure, the only time id take the % of the earnings would be if it was a business who excelled in profits.
People who take % of profits over salarys/wages are usually the people who own the business, or directors/major share holders.
People who take % of profits over salarys/wages are usually the people who own the business, or directors/major share holders.
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Soldato
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It boils down to how much the % you get and what a set wage would be.
I don't trust companies and % of earnings, as they can be fiddled.
I don't trust companies and % of earnings, as they can be fiddled.
Thats the problem, I will be in control on how much money is earned. I'll be in charge of marketing, the web store and even some of the brand choices we'll be selling. Its going to be designer brands like USC, asos, republic . . . which could be risky or potentially could make a lot of money.
As for estimations, it is too hard to predict. Any advice ? I'm thinking flexiable hours and bonus maybe ?
The quality of my work is professional with great attention to design and usability. I have a lot of experience in marketing and advertisement but nothing online, I can't show any of my work as its still in progress and not to be realised to the public yet. The shop has a good rep but I want to push for the UK market rather than just a local audience, I will be aim for similar standards as Overclockers when it comes to customer service, delivery speed and fan base
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The shop has a good rep but I want to push for the UK market rather than just a local audience, I will be aim for similar standards as Overclockers when it comes to customer service, delivery speed and fan base
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Sounds like you're going to be going up against companies with huge marketing budgets all on your own. You'd better have some pretty solid skills or a spare £100k to compete! SEO alone in this sector will cost you thousands per month.
But then you might have some really innovative marketing ideas up your sleeve, so good luck to you. Only you can really judge what the best long term deal will be. On the face of it the salary is a safe bet, but then you never make huge money taking the easy options.
But then you might have some really innovative marketing ideas up your sleeve, so good luck to you. Only you can really judge what the best long term deal will be. On the face of it the salary is a safe bet, but then you never make huge money taking the easy options.
That's the opportunity.
The quality of my work is professional with great attention to design and usability. I have a lot of experience in marketing and advertisement but nothing online, I can't show any of my work as its still in progress and not to be realised to the public yet. The shop has a good rep but I want to push for the UK market rather than just a local audience, I will be aim for similar standards as Overclockers when it comes to customer service, delivery speed and fan base
Sorry but this tells me nothing. I'm not suggesting this is the case with you but the amount of web designers who overestimate their web design skills is unbelievable. You clearly haven't been doing a lot of web design work if you have nothing completed.
What is the industry?
Anyway having thought about it further my honest opinion is if you have to ask this question then choose a salary.
Soldato
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- 10 Mar 2009
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- South West
Can you not do a combination of the two, i.e. if they were to offer you 10% of profits could you not say negotiate a lesser percentage but also a wage?
If profits were 100k and your wage was say £20k then you could drop your wage down to say £16k but take a 5-6% profit share - slightly more incentive for you but less monthly outlay for your business.
If profits were 100k and your wage was say £20k then you could drop your wage down to say £16k but take a 5-6% profit share - slightly more incentive for you but less monthly outlay for your business.
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I'm in your position, I take a salary, and a % on top of that (but a smaller percentage).
I have my set income, and then, if I choose, I can work harder, and earn more. Beneficial to me yes, but a plus for the employer too, as it encourages me to go further in my work and do something that makes them grow as well.
My first post, I saw this thread so thought I'd contribute. Now off to find the appropriate section for asking about a build I want to make!
Cheers guys.
I have my set income, and then, if I choose, I can work harder, and earn more. Beneficial to me yes, but a plus for the employer too, as it encourages me to go further in my work and do something that makes them grow as well.
My first post, I saw this thread so thought I'd contribute. Now off to find the appropriate section for asking about a build I want to make!
Cheers guys.