Posted by Nicolai Kolding
Today I was invited to speak on a panel at the RISMedia Leadership Conference. The topic was “5 Ways Where You Can Cut Costs-and Profit.” My five suggestions were:
1) Index Commission Plans. This is about properly resetting the thresholds at which higher commissions are paid out so that the schedule is aligned with inflation. This idea also works with desk fees or other fees so you should apply it there, too. For a detailed explanation, see my indexing post from earlier this year.
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