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GSW IMEX Trade Broker Questions & Answers
GSW Certified IMEX Trade Broker FAQ, Page 1
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How
much does it cost to become a GSW Certified
Broker?
Once
your application has been approved a Tuition
Binder of $8500 US is required
prior to the start of Instruction and
Training. All costs of Instruction,
Training and Broker Certification, books,
instructional materials, sample documents,
are secured by your Tuition Binder. Also
included is the creation of your business
Website, business email and associated
web services. There are no additional
fees.
Once
you have become a GSW Certified Broker
your Tuition Binder is reimbursed
from GSW profits generated with your sale
of GSW Merchandise. Reimbursement amounts are
calculated at 50% of GSW profit to a maximum
of $500 per transaction until your Tuition
Binder is completely reimbursed. Click
Here to view the reimbursement
schedule.
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What
is the cost to apply?
Nothing.
The entire Application process including
your consultations with a GSW Information
Specialist are provided without any charge.
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Are
there any monthly or yearly Broker fees?
Yes.
There is an Activity Fee of $30
that is due monthly until your yearly
gross sale of GSW Inventory exceeds $100,000.
Once $100,000 is achieved the monthly
fee is waived for the remainder of the
year. Sales are tabulated from the January
1st to December 31st of the same year.
The Activity Fee covers all Broker
Services including web hosting for your
business site.
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How
much does GSW charge to use the Broker
Services?
Except
for the Activity Fee outlined above,
there aren't any additional fees or charges.
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What
is the typical fee GSW charges per transaction?
GSW
does not charge a fee per transaction.
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Does
GSW charge for paperwork or forms?
No,
all forms, contracts, agreements, sales
materials, purchase orders, templates,
telephone scripts, Product Information
Disclosures -- any and all documents that
GSW currently provides or any new materials
that will be created will always be available
without charge to GSW Brokers.
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What
is the charge to be re-certified?
There
isn't any charge for GSW Brokers to be
re-certified.
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What
is the cost of Continuing Education?
All
on-line and live GSW Continuing Education
Seminars and Workshops are provided free
of charge to GSW Brokers. Travel, lodging,
meals or any other expenses acquired to
attend live meetings, Workshops or Seminars
are the sole responsibility of the Member.
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How
does GSW pay me?
All
Commissions, Fees and Tuition Binder reimbursements
earned are paid in US or Euro dollars,
by check or by direct bank deposit as
instructed by you.
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How
is the GSW Certified Broker Tuition Binder
reimbursed to me?
Once
you have become a GSW Certified Broker
your Tuition Binder is reimbursed
from GSW profits generated with your sale.
reimbursement amounts are calculated at 50% of
GSW profit to a maximum of $500 per transaction
until your Tuition Binder is completely
reimbursed.
An
example of a typical transaction:
Your customer, Acme Appliance Supply buys
1000 Microwave Ovens @ $30 per unit:
1000
X $30.
$30,000.
Your cost from GSW is $22 per unit:
1000
X $22.
$22,000.
So your profit is:
Sale $30,000.
Cost - $22,000.
Your Profit
$8,000.
Your Tuition Binder is reimbursed to
you from GSW profits.
Using the same example of your sale
of 1000 microwaves: GSW profit is built-in
to your Broker cost of $22 per unit. Typically
GSW margin is 5% so GSW pays $21.05 per
microwave, realizing GSW a profit of $.95
per unit or $950 total.
Your
Tuition Binder reimbursement earned
with this transaction is computed
as follows:
GSW Profit $950.
Reimbursement $475.
(50% to a maximum of $500 per transaction)
Using the schedule above your Tuition
Binder would be completely returned
to you after 18 transactions.
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