Ep. 2940 - Q&A: “Is a 40% commission worth it for my business?”
Side Hustle School
Chris Guillebeau / Onward Project
4.8 • 3.3K Ratings
🗓️ 18 January 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
In today’s episode, we help a jewelry maker decide whether to keep selling in a local shop that takes a 40% commission. We’ll explore the pros and cons, negotiation tips, and how to maintain strong relationships while growing your business.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
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Transcript
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| 0:00.0 | Shipstation helps you achieve exceptional shipping efficiency with a robust all-in-one order fulfillment system. |
| 0:06.1 | It integrates with over 180 popular e-commerce channels. |
| 0:09.5 | Over 130,000 companies have used ShipStation, and you can get a free 60-day trial. |
| 0:14.9 | Just go to Shipstation.com and use CodeHustle. |
| 0:17.4 | That's shipstation.com code hustle. |
| 0:20.4 | You can save every day by shopping at Whole Foods Market. |
| 0:23.9 | Seriously. Don't just go for their big sales. Walk the store and see the savings for yourself. |
| 0:29.8 | In the meat department, look for yellow low price signs on Whole Foods Market, no antibiotics ever |
| 0:35.0 | chicken breast and ground beef. Quality flavorful meats. Price just right. |
| 0:39.8 | Perfect for big dinners with plenty left over for tomorrow's lunches. There are so many ways to |
| 0:45.3 | save at Whole Foods Market. Now you know. Lemonada. |
| 0:50.6 | Music Lemonada. |
| 1:01.9 | Is a 40% commission worth it for your business? |
| 1:04.3 | Is any commission worth it for your business? |
| 1:08.1 | What is the right point in which you want to give away some of your sales, your revenue, |
| 1:11.5 | potentially your profit in exchange for getting clients, |
| 1:15.6 | customers, other people that you wouldn't have otherwise had. That is essentially what's at stake here in today's episode. Welcome back to side hustle school. I love hearing from |
| 1:19.3 | creative side hustlers who have turned a hobby into an income stream. Today, we've got a question |
| 1:24.0 | coming to us from Michigan, I believe, Ann Arbor, Michigan. Jessica began |
| 1:28.6 | making jewelry as a fun side project and was thrilled when a local shop asked to carry her pieces. |
| 1:34.7 | But as you're going to hear about, the shop takes a big commission and she's realizing that |
| 1:39.6 | direct sales are often more profitable. So what should she do at this point? Should she keep selling? Should she try to |
... |
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