Insane turnover. This is due to how often you're working, people you have to help, the ROI for the amount of time and work you put in. They lost even their best people a year or so ago due to this.
100% commission with a company that is pretty obsolete now. Their business model is primarily set up to have people come into an office to meet with you and go over all their property options (only properties Promove is affiliated with, hence part of the problem.) We're in an era now where people can get the same information online. They did build a small online team awhile back to work with this but it's not even close to being enough.
You are forced to work with anyone with a heartbeat. So there will be several calls you go into knowing immediately it's going to lead to nothing and the person is a waste of time. As this continues to happen with each call, you are going to become more and more frustrated.
100% commission sounds like you can make a ton of money if you really do well but when you see you are working 6 days/week, you'll discover the ROI is terrible compared to most others. Bonus potential is laughable. Only the top of the top sellers get bonus money and it's hardly a bonus at all.
Realistically, probably 3/4's of your money will be made during the summer when everyone's (with actual money,) lease is up. The rest of your time you're working with people who can only spend $600/mo
The breakdown: When a lease is signed, Promove get's 50% of the first months rent and a Property Specialist will get 16% of that half.
Ex: Lease is $600/mo. Promove gets $300 and 16% of that = $48 for you. Enough said.
But I'll even use the summer when it's the best time (by their standards)
Ex: Lease is $1800/mo. Promove gets $900 and 16% of that = $144. Not that great either, especially when this hardly happens.
They will try to sell past this 2 different ways. The first is churn and burn. The more people you help, the higher potential of making more money (duh.)
The other is the property bonuses. This is where the money can be good but unfortunately the team that is in charge of getting these is terrible now.
The property bonus breakdown is you get 32% of that bonus (if you hit their minimum number for a "promotion" for the year, it goes up to 46%.) So going back to the summer example where you made $144 on the lease. Throw in a $500 (ranges from $100-$500,) property bonus. 32% get's you an additional $160 for a total of $304. This would make the job worth while but the problem is, those big time leases and bonuses are very rare. You're stuck with those $600 leases and possibly a bonus. And you have to pray they did refer you and don't move because if they leave within 90 days (I may be wrong on how many days,) for any reason, they take that money back out of your paycheck!
So long story short, to possibly hit $100K for the year, you need to avg. 20 placements/2 weeks for around $200/lease. TRUST ME, very few accomplish this or even come close to it. Heck to get around $75K, you have to have the same amount of leases/2 weeks and avg $150/lease.
