By firstname.lastname@example.org (Singapore Man of Leisure)
If the power of compounding is one of the great forces in this universe, then the power of commissions will come pretty close as the no. 2?
There’s a reason why Robinsons during my time was one of the better premier department store with excellent service in Singapore – commissions and incentives.
Unlike most retailers who just paid a basic salary only, at Robinsons, there’s a tiny tiny personal commission when we key-in the sales with our own staff code. Then there’s a department incentive pool that’s shared by us if we hit and exceed the departmental sales target.
That’s why when you shop at some retailers, whether you buy don’t buy the sales staff couldn’t care less. You don’t buy even better! Less work for them.
(I don’t shop at Robinsons anymore – new owner, new management, not the same)
Without commissions, you think your private banker, property agent, remisier, insurance agent (I refuse to call them financial consultanst) will be so interested in your financial “well being”?
Give you “free” advice on how to increase your wealth?
How about long lost “friends” and relatives who never stayed in contact suddenly called to just “meet up”?
During my 20s and 30s, some of my friends who …read more