Broker Benefits for Offering Purchasing Power
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With more than 600,000 orders serviced, we've proven that the Purchasing Power employee purchase program is the nation's premier voluntary benefit that is conveniently administered via payroll deduction.
Five reasons you should be offering your clients Purchasing Power:
- Creates a more competitive employee benefits package. Your clients will appreciate that you provide custom benefit solutions their employees want. Differentiate yourself from your competitors by adding this easy-to-manage program to your portfolio.
- Year over year revenue growth. Purchasing Power has not front-end loaded our employee purchase program, so it will typically out perform other voluntary benefits. See the chart below.
- A recurring revenue stream. Brokers earn 7% commission for every shipped employee order. More than 70% of our customers have ordered more than once. Use the Broker Commission Calculator to estimate your first year commission based on average first year sales and participation for your client's industry.
- An easy-to-administer product to offer new or existing accounts. The program helps to create goodwill between the company and its employees, while supporting your client's long-term HR objectives to improve employee education, enhance employee health and wellness, and encourages work-life balance through family enrichment activities.
- It's a win. Purchasing Power will support you through the full sales cycle from start to finish: year round employee enrollment, program marketing, employee qualification, 24/7 product ordering, prompt shipping, monthly broker payments, and superior customer service.
Average Broker Commission, per case size, for first five years of program implementation.
Broker |
Case |
Average |
AUR-Average |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
|---|---|---|---|---|---|---|---|---|
| 7% | 1,000 | 8% | $1,200 | $6,720 | $13,440 | $20,160 | $26,880 | $33,600 |
| 7% | 5,000 | 8% | $1,200 | $33,600 | $67,200 | $100,800 | $134,400 | $168,000 |
| 7% | 10,000 | 8% | $1,200 | $67,200 | $134,400 | $201,600 | $268,800 | $336,000 |
| 7% | 25,000 | 8% | $1,200 | $168,000 | $2336,000 | $504,000 | $670,000 | $840,000 |
| 7% | 50,000 | 8% | $1,200 | $336,000 | $672,000 | $1,008,000 | $1,344,000 | $1,680,000 |
*Once launched, the program typically yields an annual penetration rate of 6-11%. Over 50% of Purchasing Power's customer base are repeat buyers.
See what to expect after you add Purchasing Power to your voluntary benefits portfolio
Ready to Start Selling Purchasing Power?
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Resources
- View the Broker Benefits of offering Purchasing Power to your clients.
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