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I'm consulting with a luxury vacation company where this is 100% on the up and up. The situation is: * Sales person sells a luxury vacation for 20k for Jan 20
by kentt 11y ago
I'm consulting with a luxury vacation company where this is 100% on the up and up. The situation is:
* Sales person sells a luxury vacation for 20k for Jan 2017
* Consumer puts down deposit 2k
* Sales person gets commission on 20k sale
* Consumer takes vacation a year later (though sometimes this can be as much as 2 years)
If the consumer doesn't take the vacation then there's a clawback. To mitigate this the company pays out commission at 85% for sales more than 6 mo. in the future, and when the consumer makes their final deposit. then they get the remaining 15%.