What are the biggest challenges to being a 1099 sales person?
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I am writting articles about freelancer or self-employed, this may help you.
830246
You have to be very good at "snowing" people.\nYou have to be a very good salesperson.\nYou have to be able to talk people into\nthrowing their money down a rat hole that\nyou are occuping  at the time.
910653
There's no single answer to your question, TaxMan. It largely depends on what YOU want to do. Do you want to prepare lots of tax returns for people with a wide variety of financial situations? Then working at a franchise might be good exposure. Do you want to prepare lots of complicated returns? Then working in a firm that specializes in more complicated tax issues would be a good idea.\n\nEither way, I do recommend you start with a firm before starting your own practice. You'll gain valuable experience working with clients, researching a variety of tax issues, and get used to the ebb and flow of the tax season.\n\nWhether you need a CPA or EA license is up to you. CPAs handle more complex issues and not just tax. CPAs can handle audits and all sorts of accounting issues. Getting an EA is a great first step, and you can always take the CPA test later if you need to.\n\nAs for what I do in summer months? Let's just put it this way, it is now November and I have more work to do now than I had back in July. How do I stay so busy? Well that's a secret I'm not sharing. But there are specializations in the tax industry that aren't as seasonal. Most independent firms will have several specialities that will help even out the seasonal workload.\n\nHope this helps.\n\nWilliam Perez\ntaxes.about.com
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Cold Calling, that is what you are talking about.\nMany strong sales people have had their careers crushed\nby it's, what seems, overshadowing power.\nNumber one reason most fall is because they focus more on\nwhat they want to acheive in the telephone conversation rather on what the customer wants. Selling is nothing more than understanding what your prospect is doing now and helping them do it better.\nThe only way you can do that is having a discussion with them and the best way to do that is by asking questions.\nRemember Too. Who ever is asking the question is the person in control of the call, whether or not you are imposing (which you really are)\nMy suggestion to you would be this. Just as you may have talked to a lawyer to keep your business legal and an accountant to help you keep your records. Invest in yourself and your business by speaking with a Cold Calling Coach that will work with you one on one. It will help you better understand your objectives of the calls, establish goals and assist you on reaching them. You can have the best product in the world, but if you can not market it, which cold calling seems to be your marketing tool, then you can not profit from it.\nLawyers and accountants will cost you, a Cold Calling Coach will pay you back...Guaranted.\nHope this helps\nFeel free to email me with any more questions
61005
You can call their HR department and ask for it.  They should give it to you.  I had the same problem with a loan that I didn't get a 1099 on it and the company was more than willing to give it to me, so it should work the same for the company you worked for.
85252
When they give you a 1099, you're an independent contractor, not an employee and they dont take anything out for federal or state taxes.  You also have to pay your own FICA (medicare and social security) which is self employment tax.   When you get a w-2 like at your  retail job they take out for medicare and social security, 7.65 percent.  The employer matches that.  When you get paid with a 1099 you have to pay all of it, 15.3 percent.
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The most important issue is revenue. They want to know where it will come from, what are similar companies generating for sales, and what should your company be able to sell. the next issue is profit margin, how much of that revenue will you have available to pay back the loan.
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You will probably get lots of different answers, but my opinion on what makes a good sales person is this:\n\n1) product knowledge - yours and your competitors!  You have to know how to position your product and respond to any objections to be able to effectively offer your product as a solution to meet the buyers need.\n\n2) develop a relationship built upon trust, honesty, integrity - your competitor may do the "hard sell" but developing an honest relationship will lead to word of mouth referrals and customers for life!  Get to know the individual, their office staff (gate keepers), their business, their competition, their market space so that you can position your product to completely meet their needs.\n\n3) once you have developed a relationship and you know your product is the right solution, ask for the business.  Customers expect it and if you have responded to any objections, developed an honest relationship, then you should be in a nice position to close the deal.\n\n4) for customer that provide on-going sales - thank them for the business.  Let me know how important they are and that you value them as a customer.  Ask them to recommend your product to colleagues.\n\nGood luck!
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No.  When you 1099 they are responsible for paying their taxes out of the gross that you pay them.  It's the joy of being able to 1099 them.  They have to deal with the trouble of putting taxes aside to pay.
222140
The company who issued you the 1099 has to issue government versions of that 1099 to the IRS by February 28th. The best thing for you to do is what you did. If they gave you that 1099, you can bet they sent it in to the IRS as well, which means if you don't claim that on your income tax return, the IRS will catch it and you'll be up {you-know-what} creek. Who knows why it's taking so long for your return to be processed. Depending on when you filed it, they could just be really backed up. I filed mine really early and it still took several weeks. Hope that helps!
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You will have a hard time with the IRS come tax time with 1099 workers. Do they work with other firms? Do you set their hours? Are you in control of thier working conditions. Do they supply their own equippment or work solely with yours. The wrong answer to these questions will raise red flags at the IRS. If your 1099 workers don't pay their taxes you'll have hell to pay. You need workers comp.
291504
You have to be a good speaker, salesperson, and work hard.
719794
Your employer is REQUIRED by law to social security and medicare taxes.  They are also responsible for their portion of the social security and medicare taxes.\n\nYour taxes, if you received a 1099, could be over 40%!  You would be responsible for the 15.4% self-employment tax, plus your ordinary income tax rate.  That's not a good proposal.
283742
Depends on your circumstance.  Please read the link below to see how you apply to the 1099 and whether or not you need to file.
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I would recommend seeking advice from a SCORE counselor. You can solicit advice from someone in your area... and it is free!\nthe website is www.score.org. \n\nVisit the site, perform a search for your keywords (entrepreneurship, marketing strategies, etc) and limit the results to counselors in your state. Perhaps you may find someone close enough to your business endeavors that you can visit them one-on-one.\n\nOr, if you are fearful of competition, choose a counselor in a neighboring state so that you can be assured the advice they give will not conflict with what your cleaning business venture is trying to accomplish.\n\nAs for charging, perhaps your clients by the job (so they won't feel ripped off when someone takes 5 hours to do a job) and you won't get ripped off (in case it only takes 1 hour to do a job, you won't get as much money as you need to even pay the workers).\n\nAlso become familiar with Publication 926 ("Household Employer's Tax Guide") which can be found at IRS.Gov website. Don't get caught slipping without the right IRS advice! You could get burnt and loose everything.
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Ask them for name and address. Since you will be paying them as part of your business, then they are your employees and they need to fill out a W-4 Form.  \n\nIf you are paying customers for services rendered then they are Independent contractors, and you will need to send them Form 1099 at the end of the year.
538399
watch, listen and learn from people you think are assertive. practice on sales people, works for me.\njust take charge of any situation, it will get easier, everyone wants someone else to take charge. do it before the wrong one does.