Ask HN: What is a fair pay for a bootstrapped startup to hire marketing intern?
I am currently running a bootstrapped startup, and i need an intern to help me with marketing and sales. since i am bootstrapping and i am very low in fund, i am thinking of hiring an intern and pay with profit sharing based on the intern performance.
Another reason is that it can be served as a trial. if it goes well and things pick up, it can be converted to full time, and i can also pay an hourly rate.
i am thinking of 10% share from net profit generated from the intern marketing performance.
what do you think? Would it be fair? Or a larger profit sharing like 15%, 20%?
Thanks.
5 comments
[ 3.2 ms ] story [ 18.2 ms ] threadHave you considered running an affiliate program?
It might be too early to hire an intern or sales rep, but definitely read up on Jason Lemkin's sales stuff. It'll give you good benchmarks and rules of thumb that will save tons of time figuring out on your own. http://saastr.com/2013/01/11/when-you-hire-your-first-sales-...
There are a lot of salespeople on comfortable base salaries that get more than 10% of revenue they generate. Some of them have no real experience or qualifications.
Then again, there's also a depressing number of startups boasting about their funding and great new office location in adverts offering the opportunity to do a month or two of full time telesales for them with compensation only for top performance
The thing is, though, that your losing your time and focus is a big opportunity cost of hiring an intern, so you shouldn't hire someone you doubt can do what you want. Hire carefully, pay a normal salary and you'll be happier and also attract better candidates.