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.