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Message
Switching to a 1099 job. Good or bad idea?
Posted on 6/23/22 at 12:12 pm
Posted on 6/23/22 at 12:12 pm
I've been looking for a career change recently, and one of the areas I have pushed really hard to get into was sales. It's been challenging, being as I don't have much of a background in sales.
I recently went on an interview for an outside sales position with a roofing company. It seemed like me and the manager really hit it off well, and I was offered.
I'm a bit nervous because the position is 100% commission (50-50 split on profit) and it's not a W2. That means I'll be losing out on the one good thing about my current job, the benefits. I can jump on my wife's, but that basically means she will be working for the insurance because of how expensive it is.
I'm looking for any and all advice about this, so I figured I'd stop here. Anyone with experience in roofing, and with working 1099.
It would be a big leap for me, and I would have to lay all my chips in to bet on myself here. I'm kind of torn on it.
(I threw this on the money board, but figured I would hopefully be able to get a few legit responses in here, after I get past all the bad troll attempts)
I recently went on an interview for an outside sales position with a roofing company. It seemed like me and the manager really hit it off well, and I was offered.
I'm a bit nervous because the position is 100% commission (50-50 split on profit) and it's not a W2. That means I'll be losing out on the one good thing about my current job, the benefits. I can jump on my wife's, but that basically means she will be working for the insurance because of how expensive it is.
I'm looking for any and all advice about this, so I figured I'd stop here. Anyone with experience in roofing, and with working 1099.
It would be a big leap for me, and I would have to lay all my chips in to bet on myself here. I'm kind of torn on it.
(I threw this on the money board, but figured I would hopefully be able to get a few legit responses in here, after I get past all the bad troll attempts)
Posted on 6/23/22 at 12:14 pm to Hold That Tiger 10
You only get to keep around 58% of your income, depending on your tax bracket and write offs.
Posted on 6/23/22 at 12:16 pm to Hold That Tiger 10
Is anyone else depending on thing like healthcare/dental/etc benefits ?
If it's just you and you are reasonably healthy it might be manageable. I did IT work on 1099 for a number of years, the money was great, but unpredictable.
If it's just you and you are reasonably healthy it might be manageable. I did IT work on 1099 for a number of years, the money was great, but unpredictable.
Posted on 6/23/22 at 12:18 pm to dakarx
quote:
Is anyone else depending on thing like healthcare/dental/etc benefits ?
Yes. My two kids are on my insurance right now. We could switch over onto my wife's plan, but it would be expensive (although not as expensive as private health care). It would cut into her check by a good bit.
Posted on 6/23/22 at 12:19 pm to Hold That Tiger 10
quote:
an outside sales position with a roofing company.
Is it a storm chasing roofing company?
Posted on 6/23/22 at 12:19 pm to TDsngumbo
quote:
You only get to keep around 58% of your income, depending on your tax bracket and write offs
How much different is that than W2? I know I'm keeping all of it now, but it's just because the taxes are already removed. Are we talking a huge difference?
Posted on 6/23/22 at 12:21 pm to weadjust
quote:
Is it a storm chasing roofing company?
He said in the interview they don't storm chase. However, the territory is 2 hours, in any direction, from Lafayette. So storms just happen. That's obviously the busiest times.
Posted on 6/23/22 at 12:23 pm to Hold That Tiger 10
Do you have any type of sales experience or roofing experience? Selling residential or commercial roofing projects? I've been in sales 25 years and I'd be hesitant about taking a commission only roofing sales position.
Posted on 6/23/22 at 12:25 pm to TorNation
quote:
Do you have any type of sales experience or roofing experience?
Very limited sales. None roofing.
quote:
Selling residential or commercial roofing projects?
Both, but mainly residential.
Posted on 6/23/22 at 12:26 pm to Hold That Tiger 10
Now doesn’t seem like a great time to be switching to a 100% commission job, imo. A bad thing about that territory is all the roofs in Ida and Laura’s path are brand new.
I’m not sure of your current job. What kind of retirement are you leaving? Are you disciplined enough to save for that yourself?
I’m not sure of your current job. What kind of retirement are you leaving? Are you disciplined enough to save for that yourself?
Posted on 6/23/22 at 12:27 pm to TorNation
quote:
Do you have any type of sales experience or roofing experience?
Wont matter, it's a con to do a free inspection just to get insurer to replace the roof.
Posted on 6/23/22 at 12:27 pm to Hold That Tiger 10
It's entirely up to you whether it's a good or bad idea.
Posted on 6/23/22 at 12:29 pm to nugget
quote:
A bad thing about that territory is all the roofs in Ida and Laura’s path are brand new
I wouldn't be much in the Lake Charles area. The next nearest company of ours would be Houston, so LC is right in the middle. I would mainly be in the Lafayette area. A big sale point for them for me was probably that Vermilion Parish isn't covered, which is where I live. So they probably plan for me to hit that hard.
Posted on 6/23/22 at 12:31 pm to Hold That Tiger 10
Another thing that sort of draws me in is that I know a few people that are in the construction side. I've talked to one already that said he would work with me to send people my way if their customer is also doing roofing work. I have two other potential alleys as well. So I'm thinking once I learn the business a bit I wouldn't have to do as much door to door.
Posted on 6/23/22 at 12:32 pm to Hold That Tiger 10
It really depends on how much money you make. Many times, sales jobs that are 100% commissions, are asking you to take the risk of introducing/selling their products. Unless it's an established territory with a verifiable revenue stream, then it usually doesn't make sense. And I said usually, because basically 1099 is your own business. I have my own business, so I love it. But you have to be diligent in taking care of Healthcare insurance and paying your taxes, otherwise you can get yourself into a tax lien with the IRS.
Posted on 6/23/22 at 12:33 pm to Hold That Tiger 10
quote:
However, the territory is 2 hours, in any direction, from Lafayette.
That's a lot of gas money and auto expense on your dime
Posted on 6/23/22 at 12:35 pm to 1BIGTigerFan
What do you do now? How much do you make and what are your benefits? Hard to answer your question unless we know what your current situation is.
Posted on 6/23/22 at 12:36 pm to weadjust
quote:
That's a lot of gas money and auto expense on your dime
I wouldn't be traveling that regularly at all. It would mostly be in my area. That's just the max of where they would go, for example if a storm hit and there was a desperate need in those areas. In which case, the money would certainly be worth it for the travel.
Posted on 6/23/22 at 12:37 pm to TDsngumbo
Lol not true at all. You will pay about 5-10% more in payroll taxes but you can write off more. For example you will be able to write off all car expenses if your job requires you to drive from house to house checking out shite
This post was edited on 6/23/22 at 12:38 pm
Posted on 6/23/22 at 12:37 pm to Hold That Tiger 10
quote:
wouldn't have to do as much door to door.
You ain’t selling shite going door to door, at least not unless there’s a major hurricane. I would think to be successful, you have to try and blow every GC in your territory. Problem is, I believe the margins aren’t that high on new construction.
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