May 15th, 2014 by Elma Jane
Selling merchant accounts can be a very profitable venture. It’s not an easy task by any means. It takes hours of work, a strong knowledge of the payment processing industry, dedication and the ability to be told NO many times and still keeping at it. It is often first done successfully as a part time job, because it takes time to build up a residual stream large enough to live off of.
More that 50% of all people that start out to sell merchant accounts never make it and maybe 10% are profitable enough to stick with it. Once the person has found the right company like National Transaction to work with and the ability to sell merchant accounts, they can make a very good living from it.
Statistically, an average merchant account will give a sales agent about $30/month to $11,000/month in residual income. Sandler one of our Sales Rep. who’s into insurance company, had a fall out with his brother came in the office did some orientation and had all the support and tools that he needs, did some phone calls and in a month landed a good deal!!! 11,000/monthly residual for Sandler.
If a sales agent can sign 10 accounts per month, they will be making $3600 per month at the end of the first year or $36,000 per year. At the end of the second year $72,000 per year and at the end of the third year $108,000 per year which is a very decent salary. (Take note that the above average statistics may vary). It really depends on what type or existing portfolio a Sales Rep have or the net volume of the merchant accounts they closed in. As long as the agent keeps signing accounts their income will keep growing. But 10 accounts per month is not an easy task especially for someone new to the merchant services industry. Also, overtime attrition shows up and the average number of accounts a person can setup goes down. But with the help of National Transaction’s Support Sales Team, tools and leads you can make it.
With National Transaction, there’s a lot of Sales Representatives from different walks of life who became successful in this field. From a couple who teamed up and build their own portfolio, to a plain housewife, a teacher, ordinary people who doesn’t know anything about merchant accounts selling or not really into sales marketing, but made it big.
Sales Marketing is not for everybody, but if the company like NTC is giving you all the tools and the support that you need to make it, like orientation, classroom training twice a week, even helping you out close a deal through our Sales Support Team then that’s Awesome!
National Transaction give upfront commissions (NTC pay within a couple of business days), not only that, NTC do High Risk credit card processing services, not all merchant service provider does the same thing. National Transaction provides you prequalified leads and appointment set up, you can also call our 24/7 customer service if you need any help. You do not have to purchase a unit or invest in provided leads or anything because NTC wants all their Sales Representative to succeed.
Also in this field you can work from home or be at the office at your own flexible time. As long as you have set your own quota for the day. If you want to be a successful Sales Representative and earn 60,000 or more monthly residual then sign up with National Transaction and make that dream of yours come true, just like our existing Sales Representatives.
Posted in nationaltransaction.com Tagged with: customer service, insurance, insurance company, merchant, merchant accounts, National Transaction, payment industry, payment processing industry, prequalified, sales, Sales Marketing, Sales Representatives
