 Hello everybody, welcome to my channel and welcome back if you are not new here. I'm going to be talking to you guys about commission and working for yourself. So this could really work for any industry if you're deciding on do I want to work on commission or work for myself. I am specific to the dental profession and I'm going to probably make references to teeth whitening technicians because I do both. But I'm going to jump right into it and talk to you guys about the pros and cons. So we'll do the pros first and then the cons. So the pros about having working on commission. So that basically means you're working for somebody else, you are getting a percentage of every appointment that you do and so are they like that's what commission means. Just for easy numbers here. The owner would get 50% of that appointment and you would get 50%. The other 50% of that appointment. Now it's not usually it doesn't work like that it's not usually half and half, it could be you are making 20% 30% I feel you should never be making less than 20% but it really depends on the industry. So it does depend for sure and then the owner is getting the bulk of that. So so that's just what being a commission based means. So the pros of that is, you don't have to do the hard work so the owner is responsible of finding patients finding clients. You're going to supply you typically with what you need to do your job so you don't have to worry about inventory. If you are bringing in your own supplies because sometimes it does work like that then you should make a higher commission. But if you're bringing in your own supplies then you at least don't have to worry about stalking, you know, the majority of the inventory so that plays a big part. You don't have to worry about, you know, setting up your own room it's going to be there for you you don't have to worry about bringing new things to two houses if you're traveling mobile let's say depending on the industry. You just walk in everything is there for you, and it does look very professional I mean their clients your clients are going to be likely calling the front desk to book appointments with you. You don't have to worry about managing appointments either which is huge, whereas if you own your own business and you know you work for yourself. You're dealing with finding the patients finding the clients booking appointments but we'll talk more about that in the cons section. We're just talking about pros for commission based right now. So those are the major pros. I feel like I'm forgetting something. Really, you don't have to worry about doing all of the legwork you know everything is there for you you don't have to worry about setting up your business as much per se, because everything is there for you clients are coming to you. And that's a big part of it because anybody can start their own business but if you if you aren't business savvy and you're having trouble finding clients well what good is your business if you can't find clients you're not making money. Another pro about commission based is it's more of a consistent income, because somebody else is booking your clients. It's probably going to be every day where you're going to be working yes you're making less, but it's consistent so at the end of the day you're probably making more versus you having your own side thing and working for yourself and finding clients well you might not be very good at it so then you're actually making less money. So a consistent having a consistent income is definitely a pro and also working on commission. So you the owner is likely advertising for you as well because they want to make money. If you say you're working in a hair salon you have a room in a hair salon doing whatever you do, it could be nails it could be teeth whitening it could be facials it could be anything well that salon is constantly advertising for their salon so they're going to advertise for you too. Welcome to our newest employee, you know Andrea she does teeth waiting this this and this call this number now she's available weekends and evenings I don't know. So they're going to be doing a lot of the hard work for you but then you can also do that on the side market advertise. And then your patients finding you are going to come to you, and then you're also helping the salon so it's kind of like a win-win so those are the major pros. Now we will talk about pros of doing your own thing so not working for somebody else so you're not working on commission, you have your own thing and you're making your money like you're making 100% of the profits. And that's a nice thing because you can have your own schedule you can make your own schedule. If you want to work Tuesdays and Wednesdays and maybe Sunday evenings. That's it, will you have the choice to do that. If you need to call and sick. If you will you're calling yourself, you know, if you're sick you can take time off and not feel bad, you know, calling the boss okay I'm sick today I'm sorry I know it's the third time this month but I'm sick, you know, you don't have to worry about that. If your kids need you if you have to leave early to pick them up from school because they got into trouble or whatever. You can do that and not feel bad about it because you have your own business. A big part is you make your own schedule, whereas again, if you're working commission for somebody else they're usually the ones dictating your schedule. Another con or sorry pro pro about working for yourself is again you make 100% of the profits, not 20% 30% whatever you make 100% of the work you do. That is a huge pro plus you have more flexibility you have 100% control so you can market advertise price where whatever you want that is a huge pro okay so that's pretty awesome those are big pros versus if you work on commission well you can't do those things. So now let's talk about cons we're just jumping right into it here. So cons of working commission are basically the opposite of the pros that I've talked about right. So cons for being on commission would mean that you are working for somebody else you're making a percentage. Okay, so that can be a con if you if you want to make 100% of the profits then well you shouldn't have. If you're working for somebody else on commission. Another kind of working on commission is you do what they tell you basically so if they tell you you have an hour for teeth whitening that's it deal with it that's how we book our clients well you have to pay with that. So you either have to get better if it normally takes you an hour and 10 minutes, or you know you just have to be okay with that. Never suffer quality though like don't you know try to be faster to make more money like that's not good, whereas a lot of businesses do do that unfortunately in dental offices, it is like that where a lot of offices. You might have half an hour to clean an adult patients mouth, whereas we like an hour. Well if it's only half an hour well you just have to do half an hour or you're behind and then you're behind all day. Patients get mad so working for somebody else these are the cons that you have to deal with it's up to them. You can't just pick your price you might be charging a crazy amount but then remember you're making commission so you do make more money, or whoever you're working for might not see the value in what you're doing and they price it this way. So you have no control over pricing if that if that makes sense okay so that can be a con for sure. If you like to be in control, do your own thing show up when you want work when you want make your kind of money, then working for somebody else isn't for you you should not be working on commission. So again I talked about this a bit before, but a con about commission is that you make a percentage so you might not like making 20% of the $200 that you just put through that the work you did but you're only making 20% and you're kind of thinking, I could have made 100% of this money today you know, but remember how did you get those clients they were already there with that hair salon or beauty business or whatever right so but that's a con you don't make 100%. Another con about having a commission working on commission working for somebody else again is that you can't have your own schedule you just work when they want and you're going to feel bad if you have to call in sick you're going to feel bad about it. I know I always did when I worked for somebody else that was a major con for me. If there was a snowstorm outside and I'm like, I don't want to leave my house because takes me 45 minutes to get to work like oh my God, but they would get upset. I would be like well Andrea people drive in snow all the time deal with it but I'd be so stressed all day. So you don't have control. Now that I work for myself have my own business. I make 100% of the profits well if it's snowing outside I tell my patients I'm having a snow day. I make it because I travel mobile I do see patients in my own home to clients patients, but yeah so that's a con of working for somebody else you don't have control. So now let's let's talk about cons of having your own thing, working for yourself, not on commission. So a con is you have to start from scratch. Okay. So you have to find your own clients. You're starting from scratch. This is why a lot of small businesses fail because a lot of small businesses it's hard to get clients it's hard for any business just to have somebody walk in and say, I don't know you I want your product I want your service. I'm walking into your restaurant for the first time you know it's very hard for small businesses to attract new clients. So that is a con of not working for somebody else and having your own thing if you're not good at marketing getting yourself out there networking social media, you know, advertising, paying for ads doing this doing that, then that's definitely a con of having your own thing because you don't have somebody else to do that for you, nor is anybody else going to do that for you because they're not making the money you are. Another con is, you know, which can also be kind of a pro too. But if you only want to work Tuesdays. Well, you're not going to make any money because when you're not working, you're not making money. When you're not working, you're not making money working for yourself. You're not making money when you're not working. If you're not advertising you're not making money because you need to advertise to get new clients. If you're not following up with clients to book their next appointment, you're not making money because you're not following up booking those appointments. So that can be a con is there's so much you have to think about and that can be very very difficult very overwhelming. People. Okay, another kind of doing your own thing, having your own business is it's not just a nine to five. Okay, so you don't just show up at work 9am leave at 5pm, you close up shop okay bye guys see you later. I quit so much more than a nine to five job being an entrepreneur. I would do it any day of the week but I tell people all the time. I quit and there's and there's so many quotes like out there. I quit my nine to five job so that I can work like eight to eight. But I love it. Like, I love being an entrepreneur. Okay, but I don't work nine to five and then put the books away done. Checking emails. I'm doing videos. Oh, this matches. I'm. I'm funny. I know I'm checking emails I'm. I'm doing videos such as this one. I'm booking clients. I'm following up with clients. I'm ordering products. I'm checking inventory I'm doing bookkeeping, checking on taxes booking meetings with my accountant to check on my time. You get it right so that can be a con for some people is there's so much and not everybody can be an entrepreneur. Okay, so it might be better for you to learn the skills and then work for somebody else but make a commission and not have to worry about that. Okay you guys, but in conclusion of this video. I feel like working for myself. I can't imagine working for somebody else, putting in just as much work working just as hard, and only making a percentage that's what I did when I worked at an office. Okay, I would do the work do everything. I don't have that payment from that patient but I was making let's just say $30 per hour. Okay. That's a lot less than making $300 per hour. Yes, I have expenses I have a lot more responsibility. I'm working all the time, but I love it the harder I work, the more money I make, but when I decide to be lazy and take a day off. It's okay. I'm not making money when I take a day off, but I made so much money the week before because I worked like crazy so that I could take the next week off you know so I love having control. I love making my own money. It's hard work, but I would not have it any other way if I can do it you guys you guys can do it too. Click below with any questions click like to this video if you like this video thank you guys so much for watching comment. What are you currently doing do you have your own business now. Are you working on commission or just working for yourself making 100% of the profits. Are you new to this and thinking about do I want to do commission or do I want to make 100% of the profits, but more responsibility that video was so helpful Andrea thank you. Let me know comment below you guys and keep checking back there's going to be new videos uploaded every Mondays and Thursdays and sometimes Saturday so definitely keep an eye out thank you guys so much for watching and I'll see you guys in the next one.