Online store manager compensation
January 12, 2010 3:54 PM Subscribe
I've been offered a position managing the online store component of a small business manufacturer in the recreation space. I am unsure about the value of the incentive compensation and could use some insights into this.
posted by diode to Work & Money (4 answers total) 1 user marked this as a favorite
I've been offered a position with a family-run manufacturing business. My position is titled internet marketing manager. My primary responsibility would be running and upgrading their online store, which sells parts they build for their main product as well as related items from other companies.
A person I had counted on to assist me with evaluating the offer is not available so I'm turning to the hivemind for some help.
The salary is middle-range, nothing to sneeze at or get overly excited about either. The company would be excellent to work for, a great opportunity to work in some prime areas of my interests.
The offer says there is an expectation I will increase the store's gross to cover my salary within 2 to three months.The store's gross is around 250k yearly.
Also, I am incentivized with 10% of the increase of the gross margin (after cost of goods sold and my compensation) of direct part sales if the gross margin is greater than the same month period of the preceeding year.
In other words, I am expected to increase gross sales by at least the amount of my salary each month compared against the same month of the previous year, and, I receive 10% after costs of the increase in sales (not the total) compared against the same month from the preceeding year.
This seems to me like an equitable compensation to me. I'm switching careers so I have trepidations about managing an online store, but c'est la vie.
Any relevant information about this offer would be useful, or URL's I could check out and/or people I could contact who could give me more information or possibly mentoring around running an online store.