Media Buyers (20)
Hi,
I think its time to hire media buyers, to scale operations.
My idea was to hire young people, hungry and eager to learn. The question is how do you compensate ?
How much commission/percentage of created profit do you give on average? I was thinking of starting on 10%
I have to add that I live in South East Asia. So given that we bankroll operations - 10% would probably be a very very good salary.
Cheers and thanks
Hi,
Yeah, this is what I saw as well until now. Fixed part (as you agree) + 10% commission from (profit-expenses)
i would go and build steps / Goals and compenste accordingly.
for example:
$1000 - $5000 = 5%
$5000 - $10,000 = 7%
$10,000 and Above = 10%
If you agree on certain amount of hours + Commission make sure you are still profitable.
take in mind that this move is for long term so even if in the first month (or two) the results wont be that high you are still "investing" in teaching and guiding your new employee.
Hey,
It would make sense to start with fixed wage during the training part, then increase that and/or add commission. Keep in mind how risk is spread for the commission. If it's a complete freeroll for the employee, you don't wanna make the percentage too high. Make sure you considered the possibility of negative months.
As for exact percentage, depends where, who, past experience, etc. If you hire someone living in London, they will want a net amount comparable to what London can offer them. Same goes if you hire someone from Thailand. So the percentage can vary, based on what that ends up looking like as a net amount in the market you are hiring from.
Cheers.
We always work with a total remuneration package that consists of 60-65% fixed salary and 35-40% performance bonus. The salary itself is good enough to live on but if you make a good bonus you can live very well. The bonus makes the difference between normal/good and awesome.
This really drives people to focus on performance and put their objectives in line with yours. Good people will always want a fixed salary so paying someone 100% on commission will only lead to hiring B-players. A-players want fixed + bonus.
Good people get an increase every 9 months in both fixed and bonus.
Where are you based at?
check your pm bro
Originally Posted by cbrughmans
Salaries are the soft cushion for the B-Players who want to "live very well". A-Players are balls to the wall. Performance based life doing whatever it takes to put $100k/mo into their pocket and live the "epic life".
Just don't give them a shitty deal like 10% profit or they'll bounce.
I give my media buyers 20-40%, and supply accounts.
50% of profits here.
Fixed monthly salary + annual bonus based on yearly performance and never let them know how much you actually make as a company.
Hire another person to manage the media buyers when your team gets large enough.
In my experience, hiring someone that only works on high comm will only attract the greedy, highly-charismatic, low-commitment type that will leave you when things get hard. You'd be surprised how many people don't actually want "big money", most actually hate the stress.
Same reason why most people don't take big risks.
Give them in-house gyms, once a year retreat, flexibility to work from home, opportunity to find a soulmate, nice chair with lumbar support, health insurance etc.
Those are some of the things that has intrinsic value but cost you way less and build loyalty over time.
Originally Posted by thuglife
Originally Posted by iAmAttila
Where do you look for them? I am not sure if upwork or freelancer.com are the right places.
Originally Posted by neta_oren
IM IN, Il work for you.
I am Hungry AF.
Lets have a chat via Skype to get to know us better
SKYPE UN-> a.jacks101
Originally Posted by johnaff
Can you please explain it to me exactly what a Media Buyer does. I think this is a great opportunity to upper my budget and start launched campaigns like crazy. Thanks
Alain
Originally Posted by jacks101
Originally Posted by zippi101
You were not born knowing how to drive a car you learned it.
I can learn it fast I know it because one of my main strengths it that I master things quickly haha.
Can you PLEASE explain me what it is bro?
@jacks101
Media buying is buying paid ad space from online traffic sources in order to profit from affiliate offers. The key is to make more money in affiliate commissions than you spend on ads.
In all honesty, nobody is going to hire you unless you have experience running paid traffic. My first advice would be try doing it yourself, then look for a media buying position once you slightly know what you're doing. Media buying companies will teach you the tricks to be good, but nobody wants to spend time and money teaching the fundamentals when there are tons of guys looking to get hired who already understand the fundamentals and have already had conversions.
And if your next question is "well how do i learn", my advice would be sign up for STM and read. Since you're already here you have the resources you need to figure it out.
@ryandinz hey bro thanks a lot for taking your time and replying to my question
Looks like I already knew what Media Buying was after all haha.
I've launched a couple of campaigns already Using paid traffic (Facebook Ads)
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