It’s a commitment specified to the client by the intermediates without company’s knowledge or company itself to sell out their product to the customer, which is not available in their product.
Most of the companies do not wrong sell their product as it’s affects company brand name in the market and it’s difficult to be in market or to do business.
There is an agreement between the company and the intermediates to sell their products and other commission details. By agreeing to sell the product, intermediates need to specify the product information, use of the product, insuring, returns for their capital or coupon rate for their deposit.
One more scenario, the intermediates may chance to misunderstand about the product, result or returns due to lack of knowledge or language problem. Before appoint intermediates, company needs to check the intermediates experience and his/her skills.
Training to the intermediates would be provided fully and need to understand whether the intermediates were aware of product information thoroughly.
Also there is a situation, to earn more commission or to go to next slap of percentage, the intermediates may do wrong sell or provide information, which is not related/not true about the product.
An example:
There is an investment company, they wants to sell their product thru’ intermediates by paying commission based on their achievements.
Investment Company offers to public that “investment of your money will deliver an average returns of 15-20%/pa for 5 years and above, and the money will be invested in stock market, also there is an risk that if market goes down your investment may come down below your capital.
Company offers commission slabs to their intermediates as 5% if collection below10 millions and 7% between 10-25 millions and 10% above 50 millions.
To get the maximum percentage of commission, the intermediates may sell out the company’s product to the customer by assuring above 40% or investment of amount would be in double for a period of 2-3 years from the date of investment.
Before going to sign up with the investment plan, customer needs to read the information kit, which is provided by the company while signing the application form or get in touch with company directly (thru’ call center) or access information by visiting their site.
Most of the companies do not wrong sell their product as it’s affects company brand name in the market and it’s difficult to be in market or to do business.
There is an agreement between the company and the intermediates to sell their products and other commission details. By agreeing to sell the product, intermediates need to specify the product information, use of the product, insuring, returns for their capital or coupon rate for their deposit.
One more scenario, the intermediates may chance to misunderstand about the product, result or returns due to lack of knowledge or language problem. Before appoint intermediates, company needs to check the intermediates experience and his/her skills.
Training to the intermediates would be provided fully and need to understand whether the intermediates were aware of product information thoroughly.
Also there is a situation, to earn more commission or to go to next slap of percentage, the intermediates may do wrong sell or provide information, which is not related/not true about the product.
An example:
There is an investment company, they wants to sell their product thru’ intermediates by paying commission based on their achievements.
Investment Company offers to public that “investment of your money will deliver an average returns of 15-20%/pa for 5 years and above, and the money will be invested in stock market, also there is an risk that if market goes down your investment may come down below your capital.
Company offers commission slabs to their intermediates as 5% if collection below10 millions and 7% between 10-25 millions and 10% above 50 millions.
To get the maximum percentage of commission, the intermediates may sell out the company’s product to the customer by assuring above 40% or investment of amount would be in double for a period of 2-3 years from the date of investment.
Before going to sign up with the investment plan, customer needs to read the information kit, which is provided by the company while signing the application form or get in touch with company directly (thru’ call center) or access information by visiting their site.
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