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Credit Card Promoter Makes 20k to 30k a Month

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  #1 (permalink)  
Old 22-06-2008, 02:50 PM
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Default Credit Card Promoter Makes 20k to 30k a Month

In the Sunday Times cover story, it is mentioned that a credit card promoter made $20,000 to $30,000 a month.

And that was in 2003, when the economy wasn't so good and SARS (remember?) plagued the country. And she was only a 24-year-old business graduate at that time.
"I thought making money was so easy," she said.
The story did not have a good ending. She made a silly move by switching to another bank to sell investment products. The new job didn't suit her and she couldn't sell enough to even earn a commission.

Despite the huge reduction in income, she continued her frivolous spending habit, chalking up huge credit card debts.

She is still servicing her debts today. Half of her current $3,000 salary goes to repaying the banks.

Selling credit cards made her rich. Using credit cards made her poor.

Well, we learn something from this story: Working in a sales position, especially one in a bank, can be very financially rewarding.

Next time someone sells you a credit card, ask "are you making $30,000 a month?"

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  #2 (permalink)  
Old 23-06-2008, 12:32 AM
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Default 2009

Another classic story where the high earners do not educate themselves with financial awareness.

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  #3 (permalink)  
Old 23-06-2008, 09:32 AM
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Default 2012

Wow, her earning is much better than a lot a SME's CEO pay. If the earning is so good, she should has gone back to promote credit card sale, she may even earn as high as the minister...........

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Old 23-06-2008, 10:01 AM
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Default 2013

Ya lor. Why doesn't she go back to promote credit cards again?
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  #5 (permalink)  
Old 23-06-2008, 11:31 PM
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Default 2016

seriously very doubtful that it is 20k to 30k per month. that's because credit card promoter's comissions are not really very high. Each card you promote is around 8 to 10 dollars. You gotta promote like 2500+ cards per month. Suppose if each person signs up like 1-3 cards. that will be around 40 persons per working day!
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  #6 (permalink)  
Old 24-06-2008, 01:46 AM
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Default 2019

Actually I believe anything is possible. She cld really have earned 20k to 30k per month, but maybe not consistently every month. If she can earn 30k a month, surely it cld be possible she earns less than 2k a month sometimes. Furthermore, it may not be worth it in the long-term.
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  #7 (permalink)  
Old 24-06-2008, 09:43 PM
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Default 2024

I read an article that a person won $300000 from lottery and spent all within 6 months. It is very sad that some people that receive a huge sum of money and so tempted to spend all. No sense of financial planning. Just like the credit card promoter. The mindset is to enjoy now and worry later.
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  #8 (permalink)  
Old 29-06-2008, 08:43 PM
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Default 2077

I doubt the article is true. Journalist like to sensationalize story sometimes, and maybe even made up the character and plot just to make their stories interesting.
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  #9 (permalink)  
Old 01-07-2008, 11:25 PM
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Default 2092

That is true - when I was in MLM last time and got interviewed they out my salary at 10K a month though i was only earning 3-4K on average - i merely told them my highest monthly salary was close to 10K, and they generalized as 10K a month, probably to cause stir among the public.

Hence I don't disagree with Ray.
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  #10 (permalink)  
Old 08-07-2008, 01:53 PM
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Default 2129

its definitely true, i have friends working in this line and they are earning approximately 10K, all of them own cars and they drive around to collect applications form from customer...
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