For many, the advantages of becoming an independent far outweigh the disadvantages. Unlike an employee who works for an employer, independent reps, independent contractors or independent consultants often work for a number of different clients, companies and / or product lines that require their special expertise and established relationships. Independent sales reps and independent consultants are self-employed entrepreneurs and most are very GOOD at what they do or they couldn’t be independent, without that comfort zone of a base salary. Independent agents must be self starters, highly motivated, good at marketing yourself, marketing YOUR business, AND excellent at closing !
Twelve (12) advantages of being self-employed as an independent contractor:
- As an independent, you are your own boss.
- Income Earnings for Independent Sales Reps and Distributors are typically paid a higher compensation for actual results than one would receive as an employee. Make sure you leverage your power of already having established relationships and/or the expertise you have. (Compensation for: who you know and what you know!)
- Independent contractors have the ability to set and negotiate their own price or fee schedule. Consultants need to understand How to calculate consulting fees when setting up your consulting business.