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What is economical commission? - emotionally unstable, socially awkward. - 04-14-2014 09:38 AM
Ilooked it up in the dictionary, and it had these definitions like "a broker doing service blahblah" I couldn't get it!
Please describe it in a way as if you're telling a kid.
Thanks!
- Nikos - 04-14-2014 09:39 AM
Commission is the amount of money (% of the actual prize) you will get after selling something as an affiliate to the person who own this product after you have such an agreement.
Affiliate is a person who does the above to make an income in a big scale usually using every possible resource.
Now what is needed to be mentioned here is that even a store works like an affiliate of the companies's products it chooses to sell.
The owner buys stock for a prize lets say for 10 and resells it to its customers for a percentage of profit (for example if it is 30% the final cost will be 13 and the three will be owners profit)
Now what separates these examples is that in the first scenario the prize is standard and it is been set by the company. You sell on that actual prize and you get you commission out of this actual prize.
On the second scenario you need to add your profit on the final prize.
I hope I helped you define it in your mind.