In the credit card processing industry, the income potential for an independent sales rep is closely tied to the effort you invest. If you choose to pursue a full-time career in selling merchant services, you can achieve a six-figure income.
Imagine dedicating only four hours daily to your work as an independent sales rep cold calling 20 potential clients per day. By reaching out to 100 businesses in a week, you could realistically secure 10 new clients a month.
Let’s break down your potential earnings:
- Monthly Bonus: $400 per deal on average = $4,000 per month in bonus, or $48,000 per year
- Residual: Based on an average of $100/month per account that would be $66,000 in year 1!
In your first year you have the potential to make over six figures as a credit card processing rep. Of course – some of our merchant sales people make less – and a few have earned well over a six figure salary in their first year selling merchant accounts.
Building Residual Income
One of the most attractive aspects of being an independent sales rep in credit card processing is the opportunity to build substantial residual income.
Our average client brings in $100 a month in profit to the credit card sales rep. If a new merchant processing agent writes 10 new credit card processing clients per month they will see the following annual residual income growth:
Year 1: $66,000 in residual income
Year 2: over $200,000 in monthly residuals
Year 3: over $400,000 in recurring residual income.
These numbers are real and achievable. Our top sales people earn over a million dollars a year selling credit card processing. How much you make is totally up to you.
Unlimited Possibilities for Independent Sales Reps
Now, consider the possibilities if you hustle and produce double the number of accounts that we used in the example above. The opportunity to sell credit card processing and earn six figures is not a dream; it's a viable path that could allow you to build substantial residual income and potentially retire young if you play your cards right!
Join the Best Independent Sales Rep Program in the Business
We are confident that we offer the best ISO agent program available, and we encourage you to compare us with our competitors. Google them and see who they are. Look up their reviews on BBB and other review websites. Feel free to reach out to them and see who you want on your side as you approach potential clients as an independent sales rep!
By becoming an independent sales rep with Beacon Payments, you'll position yourself to build significant residual income while enjoying the freedom and flexibility that comes with being your own boss in the credit card processing industry.
So, what are you waiting for? Apply now to learn more about how to become an independent sales rep with Beacon Payments and start selling merchant services.