We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Business

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What Are the Different Types of Sales Opportunities?

By Deborah Walker
Updated: May 17, 2024
Views: 7,544
Share

According to the U.S. Office of Business and Labor Statistics (BLS), sales opportunities are expected to increase about as fast or a little faster than other careers through 2018. Many people supplement their incomes working part-time selling goods through home parties or other forms of multi-level (MLM) or network marketing. Insurance is another form of sales that may be very lucrative for the individual willing to work extremely hard to build his or her book of business and to develop client relationships. People with an interest in retail sales can begin working with little-to-no training and work their way up the corporate ladder. In addition, working as a real estate agent or broker is a way to sell properties to people or companies seeking to buy, and e-commerce has recently begun to be another sales opportunity often allowing people to work from home .

MLM sales opportunities are typically home businesses in which one sells a particular product for a company and earns a commission, or part, of the sales price. Some of the best-known opportunities can be found in companies selling make-up and skin care, home organization, stamping and scrapbooking, and purses. People can begin a home-based MLM business for much less money than they can start other businesses, and commission may range from 20%-50% of the total retail sales. Multi-level marketing takes hard work and commitment, but no particular education is necessary to be successful.

Insurance agents sell life, property, health, and casualty insurance policies to individuals, families, and businesses. Some insurance agents work strictly on commission, but others earn a base salary plus commission. To qualify as an insurance salesperson, one must be licensed in the area(s) or region(s) in which he or she plans to sell. The requirements for licensing depend upon local or regional regulations. Some companies hire people with no experience for these sales opportunities, though, generally, at least a high school education is required.

Other sales opportunities may be found in retail shops, such as a markets, clothing store, fast food restaurants, or car dealerships. Workers in retail sales may earn very low hourly wages and some are paid commission only. Teenagers may often work in retail sales as a first job because training is often provided on the job. The hours may be flexible, depending on the company. Retail sales opportunities may be used as an entry-point into the sales field, with many of the positions having excellent advancement opportunities.

Another sales opportunity is as a real estate agent, who sells commercial properties, homes, and land to clients. A real estate license for the state or region in which one sells is necessary to work as a real estate agent. Agents may make a percentage of the sales price of property they sell, often around 6%. Real estate agents work flexible hours, including many evenings and weekends. Depending on the economy and/or season, the amount of money earned by a real estate agent may vary widely.

E-commerce is a branch of sales that takes place completely online. One attractive feature of opening an online business is that it may be started for virtually no money. Free storefronts that take a percentage of the sales price, auctions, and other formats make setting up a store fairly straightforward. Merchandise does not necessarily need to be purchased upfront if one uses a supplier that will dropship, or mail the order directly to the customer.

Share
WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Editors' Picks

Discussion Comments
Share
https://www.wisegeek.net/what-are-the-different-types-of-sales-opportunities.htm
Copy this link
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.