Motorcycle dealers make no money from bike?

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Slick_Steveo said:
Been down this road in the construction industry, be careful. From what I know, the "independent contractor" is still considered an employee, if 80% or more of their yearly earnings are from one source.
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Yes I am aware of this. I had my time with an employment lawyer, (you just have to love it when you have GREAT clients)...lol You still have to follow all the HR rules as if they are employees. It is just the accounting that is simplified and the costs are reduced, (in some areas of the accounting the cost, as well as time, saving can be significant in other areas not so much. As contractors they must supply me with an invoice for the work completed and I must pay them HST on those invoices, (as long as they exceed the $30,000 threshold, but I have had a couple, over the years, who still collected the HST, then they had to file HST returns and they were responsible for that remission as well). It also removes my liability if they don't remit their taxes, they also are required to carry, (as a condition of working in my space), their own "professional practice" insurance. This has reduced my premiuims as I now only have to carry single entity insurance.
 
So...assuming a salesperson (assuming one not on commission or with specialized skills that would demand more money) makes minimum wage or not a whole lot above that, and if they work their butt off over the year they might make....$40K? Is there really $30K in overhead for that employee?

I've known a lot of retail salespeople over the years and they seldom make more than minimum wage with perhaps commission on top of that, but even with their comission $50K would be an absolutely stellar year for them...still leaving $20K in overhead?

I've honestly no idea, enlighten me.
 
What retail people make really depends on the retail your in. Work at Lowes or Depot and your starting at minimum+ a bit. Be a sales " customer associate" at Holt Renfrew and make 100k+.
 
crankcall said:
What retail people make really depends on the retail your in. Work at Lowes or Depot and your starting at minimum+ a bit. Be a sales " customer associate" at Holt Renfrew and make 100k+.
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This information does not stir me from my slumber such is it that I've become so accustomed to the backwards nature of everything around me. I bet a HD Chrome Consultant makes more than a good plumber. It is not for me to judge.
 
Stir not from your slumber, I was in retail and pleased when I got out. I left at the introduction of sunday shopping, it interfered with my bible class.
 
If you want the absolute facts on R&D, design, parts, production costs etc. they are easy to obtain.
Buy one share in the company you wish to investigate.
They will send you their annual financial reports. They have to, it's the law.
It's all there in black and white and you don't need to be an accountant to understand it.

IMO this entire premise is based on a lie some dealer told someone once and the lie has become an urban legend.
 
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Majority of the time the initial GROSS profit on a bike was less than $1,000. Net was probably substantially less.
 
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