Help! Building a Comp Plan

For those of you that have followed some of my posts, you know that I started a distributorship recently. As this is my first real side business with employee's I want to get creative on how I will structure the comp plan's for my reps.

That said I do not have the finances at the moment for a base salary. I make a 30% commission on the sale as the distributor owner and have thought of some interesting ways to get some buy in from prospective new hires but want to hear from the community what would interest you!

• Note, the industry standard for this product set is 10-12%

My Thoughts:

13-14% commission with a 10k vested bonus if targets are met every quarter for 4 quarters and 20k if you hit all 4 quarters (effectively a 60k salary)

10-12% commission with 10k bonus per month on stretch goals being achieved 5k for OTE

Looking forward to seeing what the community has to say!

Thanks