Utility Warehouse Partner Earnings: How Much Can You Earn?
Utility Warehouse Partner Earnings
One of the most often asked questions is:
How much can I earn as a Utility Warehouse Partner?”
The stock answer to this is: it depends how hard you work. While true, this article aims to give a more full and complete answer. There are two main ways that Utility Warehouse Partners are paid:
- CGB – Customer Gathering Bonus.
This is a one-off bonus that you are paid when introducing a new member to The Utility Warehouse Discount Club. It takes around an hour to sign someone up (full training is provided). The amount of CGB varies from £2.50 to £40 depending on how many services the customer takes. Typically the CGB is £20 per customer. On this basis you are paid £20 for about an hours work.
- CVC – Customer Volume Commission.
This is the ongoing commission that you earn as a Utility Warehouse Partner. CVC is the powerful part of your Utility Warehouse Partner earnings. Every month when your customers pay their bills, you will receive a slice of their bill as commission. The commission levels vary between services. On average a typical four service customer will earn you £5 per month. A four service customer will usually be taking home phone, broadband, gas and electricity. If they take mobile as well, then you earn more.
So the harder you work, the more you get paid? Well yes, that is accurate. Also remember that the CVC starts to be paid to you around five months after you sign the customer up. This is because of the billing and commission process.
Achieve £500 Per Month by the End of Your First Year in Utility Warehouse Partner Earnings
Apply to be a Utility Warehouse Partner Here
As Utility Warehouse Partners we are trained to explain that if you gather two customers a week for your first year, that is a hundred customers. With a hundred customers, you can expect to earn about £500 per month in ongoing commission (CVC). It took me four years to gather my first hundred customers, so I have worked comparatively slowly. Keith Bassi, another Utility Warehouse Partner did work at this business hard in his first couple of years. He achieved 200 customers in his first two years. You can see Keith here:
Keith has now given up full-time employment and is a Utility Warehouse company trainer. He trained me on my first training and I am honestly very grateful for his excellent training style. A lot of the finer details that Keith mentioned have stayed with me even though I have re-trained many times since. There is also an fantastic online training course that you can use anytime to sharpen your Utility Warehouse skills!
Utility Warehouse Partner Earnings – an Example
This graph shows my Utility Warehouse Partner earnings from the day I signed up in July 2009. There have been a couple of unusual months due to business customers of mine clearing their slate. The overall trend is clear – if you keep working, the commission keeps increasing. I do have a reasonable number of customers who live in smaller properties and this is why the CVC is not quite £500 per month. The bottom line is that this commission keeps coming in regardless of whether I do any work or not – for as long as my customers remain with Utility Warehouse. Since 96% of Utility Warehouse customers say that they would recommend the company to a friend, the customer retention rates are excellent.
Get Paid For Resting in Bed
This sounds too good to be true and my experience is that if something sounds too good to be true, there is always a reason. Here’s the story: I have suffered from recurrent tonsillitis since the age of 19 and have had a some painful experiences as a result. Last month I had my tonsils removed. At the age of 34 that is not a straightforward procedure and the recovery is slow and painful.
The great thing about my Utility Warehouse Partner earnings is that I kept getting paid all the time I was in bed recovering. So is it too good to be true? Well, I did do the work to sign the customer in the first place. That’s the catch that most people fall foul of. There is work involved, you do need to pick up the phone and call people you know. I am nearly fully recovered now and looking forward to receiving my Utility Warehouse mini in a month’s time!
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Utility Warehouse Partner Earnings: How Much Can You Earn? by Jonathan Hamilton