- A limited earning potential makes it hard for an employee to stay motivated and could even push good ones to look for better opportunities elsewhere.
- If you’re tired working for someone else and seeing your hard work not providing you more income, a career with an unlimited earning potential might sound enticing.
- Although sales and commission-based careers have unlimited income potential, these jobs don’t reward people for slacking off and not producing any results.
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Working for someone else isn’t for everyone. Although it’s great to have a job that puts food on the table, we can’t help but realize that getting a salaried profession puts limitations on how much we earn for ourselves and our families.
Even if you get an annual raise, it’s sometimes hard to stomach seeing your co-workers earning the same as you but not working as hard as you do. This makes it hard to stay motivated and could even push good employees to look for better opportunities elsewhere.
But, what if there’s a better way to earn? What if there’s a job that you can do that gives you income based on your results that came from your hard work? Would you take it?
If so, here are four jobs that let you dictate how much you earn:
Real Estate Agent
Although we usually think of real estate agents selling properties, they are also helping clients sell commercial buildings, farms, and land plots. Many real estate agents concentrate on selling and promoting existing properties, while others, known as “buyer’s agents,” help customers locate a commercial or residential property that suits their needs and negotiate on their behalf.
All real estate agents and their offices work differently, but most work by charging a set rate of commission for each property they sell.
Sell more properties and you’ll earn more money. It is that simple. And since commissions are generally based on a percentage of each sale, selling properties on the more expensive side will result in even higher commissions overall. That’s why you see real estate agents who market expensive properties earning a lot more than their peers.
Financial Advisors help individuals build a long-term strategy to manage and grow their wealth. These professionals, working mainly for commissions, help people determine how to invest their money for retirement, plan their estates, reduce taxes, and build their nest eggs over time.
Financial Advisors who work on commission will earn substantially more if they work with a lot of clients and frequently sell a lot of investments and financial services and products.
If you’re very good at sales, you might work your way up to the sales manager position. Typically, these professionals pursue sales with their own set of customers but also manage a team of salespeople who work under them. As a result, they typically earn their own commissions plus a percentage of any transaction made by every salesperson they manage.
Sales managers need to be expert salespeople, but also expert motivators. Not only do they have to perform well in their own capacity as a salesperson, but they also need to foster an atmosphere that allows others to do the same. They would also need to hire new salespeople and organize their initial training sessions, depending on their particular position, and then mentor them during their careers.
Sales managers earn more by selling more and hiring salespeople that could do the same.
Sales engineers offer technological and scientific products to businesses and organizations. Their job calls for an outstanding selling strategy plus a comprehensive knowledge of how the goods they are promoting actually work.
In this profession, establishing a partnership with scientific and technical companies is a must. Plus, you’ll need the confidence and public speaking skills needed to give both current and prospective customers detailed technical presentations.
Given that sales engineers typically work on commission, succeeding in this field depends entirely on being able to close sales and maintain good relationships with existing customers. And more sales would of course always be equal to more income.
If you’re tired working for someone else and seeing your hard work not providing you more income, a career with an unlimited earning potential might sound enticing. Many people thrive in sales and commission-based careers that they end up earning much more than they would in any other type of job.
It is still important to realize that the grass isn’t always greener. Although sales and commission-based careers have unlimited income potential, these jobs don’t reward people for slacking off and not producing any results.
If you hate working under pressure or the prospect of a lean month if things don’t go your way, working in a salaried or hourly career could be a better deal than you think. It really depends on your personality, your risk appetite, and your ability to cope with the extra pressure that comes with eating what you are killing at the end of the day.