1.
I usually get 5% commission but I'll do it for 3%.
2.
- Friends and family discount.
- Make it 5%.
1.
Miss Wexler, I closed on that nail article.
2.
You made $400 in commission.
3.
Perfect.
1.
So how much do I get paid, $25 a car?
2.
Paid? You don't get paid.
3.
Are you kidding? You work on commission.
1.
You're the manager of your daughters.
2.
- You get 20% of everything they do. Ten percent.
- Ten. But I like your number better.
3.
You've been criticized for that.
4.
- Uh-huh.
- But that's pretty standard, that a manager would get a commission for the work they do.
1.
I don't like when my clients call me to help them use the website.
2.
I'm not seeing commissions on that.
3.
I hear you Stanley. That is a great observation.
4.
1.
If I buy physical gold or sell physical gold, I pay a commission to a dealer that's as much as 3.5%.
2.
And then I have to pay to store it, and then I have to pay to ensure it.
1.
We are the third largest e-commerce company in China.
2.
And we only sell our own products through that channel.
3.
- Yeah.
- That allows us to sell direct to consumer.
4.
We have a direct relationship with a consumer.
5.
We don't have intermediaries, so we don't have to pay commissions and so on and so forth.
1.
You see, by forcing every single app developer to use Apple’s store, which charges a 30% commission,
2.
Apple is effectively extracting economic rent.