Commission Agents Represent Companies and provide Services and Liaisons to Assist Businesses to Expand. Commission Agents, generally are well versed in the Specific Industry Product or Services and are Subject Experts having Solid Reputation and Wide Network of Contacts in the industry; Substantial Marketing Experience for Reaching a Targeted Demographic Region. A commission Agent can have various responsibilities including Marketing Research, Lead Generation – Arranging Buyer & Seller Connections, Creating Proposals, Participating in Sales Negotiations and Closing, Product Delivery, Brand & Image Building and Account Management.
Commission Agents may act as Intermediaries who Receives a Commission for Arranging & Facilitating Buying or Selling. The Fee or Commission of Commission Agent is based on how much effort the agent puts into the Service and the Cost of the Product or Service itself. The Fee may be based on Specific Amount or a Certain Percent of the Transaction Value as mutually being agreed upon.
Commission Agents may be Categorized as Buying Agents or Selling Agents. Buying Agents or Purchasing Agents are Professionals or Companies that Represent and offer Services to Buyers to Buy Goods or Avail Services from Third Party. On the other hand Selling Agents Represent the Sellers for Marketing & Selling the Product or Goods of the Company. In brief Commission Agents Represent Principals (Buyers or Sellers).
Source Taxguru
