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Need Help with Set Up Independent Wireless Store

Discussion in 'Working or Investing in the Wireless Industry' started by hinhoma, Oct 20, 2007.

  1. hinhoma

    hinhoma New Member

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    Location:
    florida
    I am currently setting up my independent wireless store and talking to various wireless providers. However, I need help on the commission:

    What is the standard percent commisssion I should negotiate with the provider per customer? Dose any one know or have an answer? and what is the standard precentage residual income is rihgt?

    I am looking for help on this. You can email or if you are a master agent, I also like to talk to you and see what you can help or offer me.

    thx all.
     
  2. smartweb2000

    smartweb2000 New Member

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    Location:
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    HI,

    I would like to set up an independent Wireless Store too. Any suggestion would be helpful too.

    My email is allfinancial2000@yahoo.com
     
  3. Sprint Master Dealer

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    Location:
    Noblesville, IN
    My Phone:
    Blackberry 8830
    Wireless Provider(s):
    Sprint
    If you contact me I would help. I work for a Master Agent, but I would help whatever you decide to choose.

    jzukowski@platinumwireless.com

    There are many programs out there, and if you are new to the industry you can be swayed into a program that will cause bankruptcy within the first year.
     
  4. DriveMobile

    DriveMobile New Member

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  5. DriveMobile

    DriveMobile New Member

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    No. The retailer is not responsible for the customer's overage and there is ZERO chargebacks.
     
  6. DriveMobile

    DriveMobile New Member

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    This is a prepaid hybrid product.

    The customer pays for an activation fee and a prorated portion of their first month's plan.

    They return each month to the store location to renew their plan. We utilize a residual income profit model. Which in the long run is much better for a wireless dealer than relying solely on activation commissions.
     
  7. DriveMobile

    DriveMobile New Member

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    I think you underestimate the market for a no credit check product in your retail location. If you were to only have a contract type (big carrier) product you will lose out on the 40%-50% of customers that do not meet their credit criteria. To have a successful wireless retail store you need to have the best post paid product you can get and the best prepaid product. The big carriers do no not have a comparable no credit check product to Dirve Mobile when looking at commission and plans as a whole.

    We draft the following day for the days business. Your commission is never touched. For example $49.99 plan you make 20% we draft $39.99 the next day.
     
  8. Sprint Master Dealer

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    Location:
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    My Phone:
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    Wireless Provider(s):
    Sprint
    I agree with Mr. Drive Mobile, but why go with a new product. I would add a sustained "name brand" pay as go or unlimited prepaid. Revol, Cincy Bell, or Boost. These companies will support and you can have a seperate display in your store.
     

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