Redline Price Quote Template with airSlate SignNow

Redline price quote template

hey what's up solar family its James here hopefully you're doing amazing if you're watching me on youtube make sure you click Subscribe and that Bell notification so you get all my updated videos as it comes out on this video I mean going over the different types of Commission structures and I know it should be common sense that you should know how you get paid but unfortunately the consultants that I speak to you especially the newer folks they don't quite understand how to get paid especially like if they're sitting in an interview and they're going over the numbers with you know the solar company or the hiring manager and they throw all these like you know kilowatts and pw's and commissions and red lines and things at you and since you're new you don't quite understand it you're just like yeah yeah yeah sounds good and then when you get home you're like oh crap how do I get paid [Music] right so that's what I'm gonna be going over today the different types of commission structures and I'm also gonna tell you which ones that I recommend right the best one that I recommend for you and if you haven't scheduled your Solar strategy called yet make sure you do that there's gonna be a link underneath this video schedule free solar strategy call if you want to take your sales and marketing game to the next level make sure you do that so let's jump right into it so the first one is hourly plus Commission so you're gonna find this type of Commission structure if you're working directly with a solar company so if you work directly with like Sun run Vivint you know some of these big solar companies they're probably gonna offer you an hourly rate which is gonna be fairly low I know back in the day when I first started out with with silver City it was like 30k hopefully it went up a bit but basically they're gonna give you a base they're gonna give you a gas card maybe a car a laptop and maybe a small Commission so you're gonna you're gonna find this type of business structure that kamek kind of Commission structure working directly with a solar company secondly you're probably going to see your percentage of the sales type of structure meaning that it can be an hourly plus a commission and that Commission is a percentage of the sale or it could be strictly Commission right but you're gonna get a percentage of the sale say for example the sale is $30,000 they're gonna give you a 5% Commission for every sale so that means for that $30,000 system you're gonna make about $1,500 right that's how that kind of structure would work the next one you can find this type of Commission structure working directly with a solar company or even like you know dealership partnership kind of style but it would be per kilowatt so in this industry everything is based on a kilowatt size basis right so the size of the system is based on a kW so for example if the solar company is gonna give you you know $300 per kilowatt and say let's put the numbers there $300 for a kilowatt and you sell a six kilowatt system that's basically $1,800 right that's how that would work so that's just an example of per kilowatt the last one is my favorite right it's using the per kilowatt or actually a price per watt business model but it's a red line a red line just basically means for example a solar company is going to give you their base price so for example if your red line is at $2 meaning that anything above and beyond $2 is your profit minus fees right don't forget there's like dealer fees involved and that by that's a separate video but there are fees involved right but let's just keep it simple two dollars without the dealer fees say for example that you sold the system at a dollar per watt which is basically your margin right price per watt and keep in mind the ppw is basically the same thing it beta same thing as the kilowatt so basically if you convert the dollar per watt that just means $1000 per kilowatt right you just multiply the ppw times a thousand that's gonna give you the kilowatt right so a dollar per watt just means a thousand kilowatts right I have to see me a thousand dollars per kilowatt so that means that this is going to be a total ppw of three bucks right so keep in mind there's no dealer fees here right that's what you would sell it for but your commission is this dollar so let's just go off this six kilowatt so six kilowatts means six and Watts times $1 that equals to a $6,000 Commission right so that's the difference there you know when you're working with a red line versus you're working with a kW as well I mean obviously you could probably still get the same exact Commission from a kW type of system but when you're working with a solar company they're gonna say hey this is your kilowatt rate that's how much you're gonna get paid 300 400 500 whatever a per kilowatt and you just multiply that based on the size of the system right so if you're currently pay getting paid $300 per kilowatt times six kilowatts that's 1,800 bucks and you can just see here how much more money you could make by by getting a partnership right by working with a solar company in creating a partnership and using this red line type business model right it's a huge difference it's a huge difference the downside to this is as far as the red line most of the time you have to generate your own lead an opportunity right so you have to go out there knock on doors or go online and generate that lead versus if you work with a solar company they aren't gonna pay you less but the flipside is they give you leads but for me personally I'd rather go get those leads myself either if I have to knock on a door because you're gonna have to do that here anyway eventually right they may give you some leads you know for a certain amount of time but there's also quota with big solar companies for you to generate your self generated leads so if you're generating the leads yourself I would definitely go with the red line business model this is gonna pay you the most you can only imagine how many deals you need to close to make some pretty significant amount of money right closing two deals with a red line type business model with this example right and keep in mind this is just an example I'm not guaranteeing you an income but we're using this example you sell to your tomato Grint with this business did this business model even with here with a percentage or even with a streak you know kW Commission you're only making eighteen hundred and if you sold to that's only thirty six hundred dollars versus 12 grand you decide what's what sounds better so hopefully this helped you out a bit I know it can get a little bit confusing if you still have questions about how you know how you're currently getting paid or maybe you want to jump into this type of business model as far as a red line make sure you schedule a free silver strategy call there's gonna be a link some around this video I would love to dive in deeper with you here and explain to you how you can get involved I have you know relationships all over the country that I can literally get you plugged in at this type of business model today if you wanted to so go ahead and schedule that call and I would love to chat with you and if you haven't subscribed make sure you click the subscribe button and make sure you also click the bell notification button so you get all my updated videos that's it comes out other than that that's all I have for you go underneath the description click the link and schedule your free solar strategy call and I'll love to dive in deeper with you other than that have an amazing day PC