Have you ever being motivated by sales leaders that BAM (business assoociate manager) have monthly 5 figures paycheck?
Well... do you really believe in it? I think you should believe when you saw that they are driving BMW or Benz.
The truth is... NO. maybe only 1 or 2 months yes.. and the rest of the months.. they are losing money.
Allow us to show you. We shall use a real scenario on one of the 3 BAM (one of them is SAM).
Stev_n Ho is a BAM. He is driving a benz that cost him $2000 every monthly. plus his personal expense etc etc... his monthly expense is at least $2500.
Doing calculation with S H A salesturnover and BAM payout, we concluded that as a BAM since 2007.. he at most have 5 figures monthly paycheck ONCE and most of the months below $2000. Some of the months can be as low as $1000 and below. dont believe?
2009 May turnover, S H A salesturnover around 35,000 pv in which only at most 50% are full payment. So, only 17,500 pv x 3%+2% (BAM and BGM-to-BGM overriding commission) = $875. He may have 3 shares of car fund.. which is estimated around $600. So in total.. his estimated paycheck is $600+$875 = $1475!
Remeber his expenses? $2500 monthly? Well.. he lost $1000 that month.
From our data, the whole of 2008 and 2009, S H A monthly turnover hit rock bottom.. So we expected that he lose money every month just to maintain the benz and personal expenses. Can that 1 x 5-figure paycheck cover 18 months of continuous losses? We dont think so.. beside.. that 5-figures paycheck at most is only $10,000 based on calculation.
What about the other BAM? that botak Dewe_ Ho? Well.. his D H A salesturnover hit rock bottom in 2007... and his expenses are higher than Stev_n Ho. Dewe_ Ho is driving a BMW Z4.. that cost him around $3000 monthly with petrol, insurance and roadtax etc. Plus his personal expenses.. his lowest monthly expenses is around $3500. So in 2007, he lost around $35,000. In 2008, he had 1-2 months achieving 5-figure paycheck.. but not enough to cover 2007 losses.
In 2009, D H A turnover slide down again... with 2009 May being the hardest hit.. less than 20,000 pv! So based on simple maths.. from 2007 to 2009.. he lost money rather than earn money!
What about the highest position? SAM? Well.... he did lose alot of money in the early days in VE. We think as SAM now, he should be OK. OK as in.. dont really earn much after minus away his car ($2800) and other expenses. K T A all the while isnt doing well compared to the other 2 associates.. so he dont really earn from most BAM payout. We think he barely survive with his SAM payout.. thats a 1-3% from monthly company turnover. Meaning... 1-3% x 2009 May VE turnover = $600 to $1800. So.. with his SAM payout plus a bit here and there, he should able to barely cover his monthly expenses.
Maybe some of you may not believe in what we wrote. Its ok... I think you should ask your BAM to show you ALL their monthly paycheck statement from 2007 to 2009. I dont think they will. They will only show you some of the months when their paychecks are high and hide many of the months that are super low!
Then how do they survive all these years? well.. thats explained why some of them have debts with many banks. Some survived from getting money from CEO or company.
Subscribe to:
Post Comments (Atom)
lo_s poh is not there already...
ReplyDeleteSome of your maths is not accurate as the botak has personal bm group to help him generate car fund,
I know you hate them, but pleae speak the truth..
We don't hate them. We just speak the truth.
ReplyDeletebotak may have personal bm group but that was after many months of low income before that group can generate car fund.
steven ho is my fren. tell me ur name . i will ask him about all wat u had wrote here in this blog. stop using VE name la if you wana speak bad about them
ReplyDelete