MANILA, Philippines – A commission-based career has more benefits than one with fixed income, a financial advisor at Sun Life Philippines told ANC’s “On The Money.”
Ann Ruth Bolisay-Gochingco said she used to be employed as a sales officer in a bank and was earning P11,000 a month.
Gochingco, a widow, said she felt that her salary was not enough to raise a child alone.
“As students, we were groomed to be the best employees, and I was one of them. I started my career in the banking industry, I stayed with them for 10 years until such time that I felt that my income was not making ends meet anymore,” she said.
A friend then introduced her to a commission-based job, which Gochingco immediately took a liking to despite being discouraged by her colleagues.
“I felt that if I didn’t do this, I will be stuck just expecting the same pay on a 15-30 day basis, there was no growth,” she said.
Gochingco took the risk of not having a fixed monthly salary and resigned from the bank.
But before taking the leap, Gochingco said she did the numbers and made sure that the task at hand was something she was already good at.
“Before I went into this kind of career, I made sure that I know what I’m going into. It’s basically sales, and I felt that I’m good in this one. I knew inside that I was going to excel,” she said.
She also said that the lure of earning more money convinced her to take the risk.
More importantly, Gochingco noted, having a commission-based job gave her more time with her family.
In her previous day job, Gochingco said she worked from 6 a.m. until 8 p.m. from Monday to Friday.
“But now, I manage my own time, I allot a certain day for my child and no one is going to scold me because I have no boss to answer to,” she said.
The only downside, she said, is that there will always be a fear of not being able to meet targets or close deals.
She added that it takes discipline to succeed in a commission-based career because of the freedom it entails. She advised treating it like an 8-5 job to avoid being lazy and complacent.
"Take a little risk in your life, don't be too comfortable with what you have right now. If you know that there are other alternatives out there, take the risk," she said.