eboniesmith Posted May 8, 2008 Share Posted May 8, 2008 I hope I'm not beating a dead horse. I've decided to offer my charity approach unless a business asks for commission. Do you offer charity, commission, or both? Under what circumstances? What are your percentages for both? Why? From my research, I've seen charity to be about 5% and commission up to 20%. Do you pay out and donate from your gross or net income? Why? Link to comment Share on other sites More sharing options...
G-man422 Posted May 8, 2008 Share Posted May 8, 2008 Ebonie, I always start w/ charity and do not go to commission unless they ask, and that's the only way I can get in. I stick with 15% no matter what. Why? It keeps it simple, and lets me get a good ROI while still giving myself the satisfaction of giving a reasonable amount to charity (I need to sleep at night.) The 15% is from my gross income. Link to comment Share on other sites More sharing options...
Lee M Posted May 9, 2008 Share Posted May 9, 2008 That's a good point .... even though a charity may be entitled to $1.50 per machine .... there is nothing stopping any vendor from giving MORE, which is a nice idea! Lee Link to comment Share on other sites More sharing options...
fastcat8 Posted May 9, 2008 Share Posted May 9, 2008 The amount required to be paid to the charity is a royalty fee which is an 100% deductible business expense. Anything over that amount is a donation which is only deductible when you start making a profit. Link to comment Share on other sites More sharing options...
T BIRD Posted May 10, 2008 Share Posted May 10, 2008 Ebonie, I always start w/ charity and do not go to commission unless they ask, and that's the only way I can get in. I stick with 15% no matter what. Why? It keeps it simple, and lets me get a good ROI while still giving myself the satisfaction of giving a reasonable amount to charity (I need to sleep at night.) The 15% is from my gross income.You know G-man, you struck a chord in me with what you do. I may look at changing how I do the charity thing. I will feel better about it if I do. ( I think ). I pay $1.00 per sticker currently. If I supplemented that each month to make it a 15% donation based on monthly gross, I could comfortably say that to a perspective location or anyone for that matter. Link to comment Share on other sites More sharing options...
eboniesmith Posted May 12, 2008 Author Share Posted May 12, 2008 Ebonie, I always start w/ charity and do not go to commission unless they ask, and that's the only way I can get in. I stick with 15% no matter what. Why? It keeps it simple, and lets me get a good ROI while still giving myself the satisfaction of giving a reasonable amount to charity (I need to sleep at night.) The 15% is from my gross income.I like that approach, too. Link to comment Share on other sites More sharing options...
dperry Posted May 13, 2008 Share Posted May 13, 2008 I am making a major push for my charity locations lately. It seems that many locations don't care for $4 when I service a commission stop. When I do give commission, I give 20% and I take it from the gross sales at the time I do the servicing. Link to comment Share on other sites More sharing options...
Summit Vending Posted May 14, 2008 Share Posted May 14, 2008 I will be using a local school district as my charity and I will be donating 15% gross per location bulk and full line. My question to the seasoned pros is this,What would be the approach I should use to talk with these new districts? I would like to keep my charity as the school systems I work in as my wife is in the education industry and it is important to us. Thanks, Brian Link to comment Share on other sites More sharing options...
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