Benefits of Being an Independent Sale Rep Verses a W-2 Employee

Benefits of Being an Independent Sale Rep Verses a W-2 Employee

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Did you know that sales reps can be independent contractors, or they can be employees? For many, the advantages of becoming an independent sales representative far outweigh the disadvantages of working as a W-2, salaried salesperson. One of the main differences that W-2 employees encounter is the control employers have over their work. In essence, W-2 employees typically arrive to work and leave the office at a particular time and complete their tasks by deadlines and parameters set by the employer. The individual works full-time and receives a salary with accompanying employer benefits.?

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The bottom line is that working as a W-2 employee does offer perks like leads being generated for you, car, and insurance but offers almost zero room for financial freedom in a long-term capacity. On the other hand, an independent contractor exercises greater freedom. Instead of working full-time for a yearly salary and benefits, you can set your own schedule and income potential based solely on your terms. You can also be more flexible with the positions that you choose to accept, with the flexibility oftentimes providing you with the option to work for multiple clients as opposed to a sole employer.??

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Here are more benefits of being an independent sales representative.?

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1. You’re The Boss

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Being an independent sales agent means you answer to no one except for yourself. You can choose how, when, and where to work, for as much or as little time as you want. Independent contractors are masters of their own economic fate. This isn’t usually the case for salaried employees. Independent contractors aren’t required to ask their bosses for a raise, their income potential lies in their own hands. And, because most 1099 sales reps are not dependent upon a single company for their survival, the hiring or firing decisions of any one company don't impact independent contractors like they do employees. Your employment status is your decision, which is powerful in today’s unpredictable employment market.

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2. Income Ceiling Limitations Are Eliminated

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As a W-2 employee, your income will always be based on the predetermined pay scale for that specific position, or what some manager in the company determined. This can be frustrating as a sales representative because you’re literally bound by predetermined limits or corporate budgets. It's challenging to stay engaged at work if you know that your effort isn't worth more than the person sitting next to you.?

However, independent sales reps know that the harder you work, the higher your paycheck will be. As an independent contractor not being constrained by income limits, the book of business you build is yours to keep.?

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3. Peace of Mind and Security

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When you keep your options open to sell for multiple companies, being an independent sales rep provides you with peace of mind and security. In essence, you’re not putting all your eggs in one basket. Your income is not reliant on any one company, which is a tremendous advantage in today’s turbulent employment market. For example, what happens when the company decides to go in a different direction? That could be corporate downsizing, not meeting quotas, or even a merger or acquisition event. W-2 employees could easily lose their jobs or be asked to transfer to a place they don’t want to live. Independent sales representatives may lose a particular client but have others to rely on.?

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If you’re looking to become an independent sales rep or for more information, please contact By Design Medical today. Our company empowers independent sales representatives with amazing business opportunities and all the tools and resources you need to deliver revolutionary healthcare products and services to your network.

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https://bydesignmed.com/