Are you a 1099 person or a W2 person and what is the difference. The major difference is one is an employee and one is not. People recieving 1099’s are commission only and non-employee marketers. But do the differences go beyond just taxes?
Absolutely yes! Since Affiliates are non-employees they are limited to marketing and promotion through affiliate coded links. They do not and cannot represent a company beyond that. So a question many ask is. Is an Intern an employee or a non-employee. The answer is.
If an Intern on the Internship to Hired Program is not interested in employment with us and only interested in getting Microsoft certifications plus sponsorship for Banking, Insurance and Stock Brokerage licenses. They will be paid as an Affiliate. As an Affiliate the commission rate is a 5% flat rate commission. They may qualify for Super-Affiliate bonuses depending on arrangements made.
An Internship to Hired Program member that plans on staying with the company, starting their Sophomore year can apply for a draw starting at $600.00 per week. The weekly draw calculation is 10% or your commission account or draw whichever is higher. Every quarter your account balance exceeds your draw you receive an automatic increase in weekly draw of $200.00. Our draw is non-recourse. So if you leave with a negative balance, you do not owe the company any money. We take on the full risk of training you.
Full completion of the Internship to Hired Program leads to full employment upon graduation as a Business Development Manager or Fashion Buyer with a starting Draw (salary) of $2,000.00 per week with fully paid health benefits and 100% matching on the 401(k) plan.
In addition Intern to Hire members and our staff recieve a year end production matching bonus. So the actual commission rate is 10%, double that of non-employees.
If you have any questions on this you should ask a Fashion Buyers Network Sales Manager or Business Development Specialist.
To intern alone is no longer enough. Recently we posted an internship online and were bombarded with over 300,000 applications from Marketing majors. At first glance you say great results, until you dig deeper.
Out of the 300,000 applicants. 80% already had graduated and obtained a Master’s degree in Marketing. So I see something very wrong with people who have already graduated willing to do a sophomore level internship. So I started talking to them. The answer is sadly simple. Most have a lot of useless make believe theory and no real knowledge of how real business works. Our solution.
A real Internship to Hired Program. The program is designed to be a two year program leading to employment with Fashion Buyers Network or one of our clients. Entry level communications would be the starting point and simple sales.
What are simple sales? Simple sales are products that are currently selling through High School graduates on a scholarship program. Basic advertising sales to help people development the most basic of communications skills, to say hello! You will learn that 98% of the people you ask will say no thank you. Once you 1. Show up. 2. Do some simple sales. Fashion Buyers Network will sponsor you for training in Microsoft CRM for Sales. Other certifications.
Additionally certifications and licenses to be obtained as part of the internship are:
- Office 365 /Dynamics
- ERP Dynamics
- Supply Chain Commerce
- Digital and Social Media
- Online Advertising
On the financial services side you can be sponsored for:
- Series 6 and 7 for stock brokerage
At the end of the Internship you will be qualified for employment at Fashion Buyers Network as a Business Development Specialist. For the Fashionista’s in the group you can continue to become a Fashion Buyer. For recent graduates.
Recent graduates and M.B.A.’s it is too late for an internship program. What we can do is an accelerated training and employment program. The training and work must be intensive in order to make it worth our while. We cannot spend time on people who already graduated and have them sit around with no pressure. The no pressure environment is for students since school must come first, work second and the internship should lead to employment as they graduate.