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re: Honest discussion about NIL. Would love to hear thoughts.
Posted on 4/25/24 at 10:32 am to 3down10
Posted on 4/25/24 at 10:32 am to 3down10
quote:Perhaps you would but it's standard in sports leagues.
I would rightfully be laughed out of the office if I came in talking about I want a % of revenue
There are also other industries (sales, certain medical businesses, insurance, property management, collections, among others) where % of revenue is not an uncommon split with the professional generating said revenue.
Just because you have life experience limited to a particular industry doesn't mean all industries follow that comp model.
Posted on 4/25/24 at 10:38 am to ALhunter
quote:
Perhaps you would but it's standard in sports leagues.
There are also other industries (sales, certain medical businesses, insurance, property management, collections, among others) where % of revenue is not an uncommon split with the professional generating said revenue.
Just because you have life experience limited to a particular industry doesn't mean all industries follow that comp model.
False, they only get a % of the revenue they generated, and then they are responsible for their own expenses etc. Which is where the 60% I mentioned above comes from in my business.
So if you want to say that 60% gets a % of the revenue they generated, sure. But they actually generated 100% and I kept 40% for myself and gave them 60%.
That's not the same thing as one of them coming and saying they want a % of all the revenue. That would be ridiculous and never happen.
This post was edited on 4/25/24 at 10:39 am
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