Sunday, August 14 2022
If you are in sales or are considering a career in sales, then you might have heard of the payment processing industry and the various benefits that can come along with a career in merchant sales. Merchant services are indeed becoming one of the most coveted sales positions on the market, but if you are going to pursue a career in merchant sales, then it is imperative that you learn more about being a merchant sales agent and what it entails. This brief guide will give you information that you need to learn more about selling merchant services and whether it is a viable option for you.
What Are Merchant Sales Agents?
Before you decide whether a career as a independent merchant service agent is the right choice for you, you'll first need to learn more about what exactly merchant sales agents are and what's entailed. Merchant services sales is the industry that provides merchants with services that are essential to their operation. They often have a lot to do with payments and finance. The best example is credit card processing. Merchants all around the world need digital payment processing, and merchant services sales reps provide it to them.
A professional in merchant services sales is someone that specializes in communicating with these businesses, finding out what their needs are when it comes to merchant services, and meeting those needs using a comprehensive product suite that is designed to give merchants the resources that they need.
Benefits of Merchant Selling Merchant Services
The reason that merchant sales careers are so highly sought after is because of all the benefits that they are able to offer independent agents that are successful in merchant services sales. If you want to learn more about what merchant services sales is really about and discover why so many sales agents find it a desirable career path, then read more below to see the benefits of a career like this.
One of the main benefits to a career in merchant services is that it is generally fast and easy to get started. With a low barrier to entry, you can get started right away! Plus you will get fast start bonuses up to $20,000 based on your performance in the first 180 days.
Being a merchant services agent generally means that you are your own boss and you get to decide how you grow your business and what strategies you use to earn your income.
High Earnings Potential
With an income that is based on upfront commission and residual, you have a high earnings potential as long as you work hard and establish a steady influx of clients. Most successful sales agents make between $60-$100K in the first year.
Since you are your own boss, there are no set hours. This means you can set your own schedule and work at your leisure from home or anywhere else that you want to work.
Passive Income Building
With enough merchants and enough hard work in the industry, you can build an almost entirely passive stream of income from residual and commissions that are recurring. You can make a huge residual up to 70% split paid and vested for the life of the account.
All things considered, a career in merchant sales is not all that bad. For those that are passionate about sales and willing to put in the work required to enjoy success in merchant sales, it is one of the best industries that you can choose if you are looking for a lucrative sales career.