In this 퀸 알바 article, we are going to take an in-depth look at bike mechanic salaries. On average, a bike mechanic earns $29,282 per year, according to data from PayScale. In the introduction, we discussed how bike mechanics can earn around $13 per hour, on average.
Some bike shop owners earn as much as $35 per hour or more, and that is before you factor in the profits they earn from selling parts. A bike mechanic can also receive commissions, bonuses, and overtime that can increase revenue.
PayScale data says a commission can add up to $2,000 more in bike mechanics salary. On each sale, dealers could be expected to make as much as Rs 2,000 extra than they are making now.
Some stores actually provide direct fees, and others provide bonuses if sales targets are met. Salaries are typically paid on large-ticket ($100,000+) sales, or on sales that have long sales cycles. The exact percentage pay reduction will depend on many factors — everything from each employees sales goals, their hours, what their adjusted commission rates are.
With a new structure, the number of hours worked so far, current sales trends, and sales goals, many employees could see a fortunate $3000 cut to their paycheck. Assuming similar hours worked, goals, and the same amount of units sold, an employees basic pay would be $2,640 ($22 x 120) per month.
To try and alleviate the effect, base hourly compensation was increased, and monthly bonuses were instituted to meet sales targets–however, this still led to large overall net reductions in the compensation for their showroom employees. With these changes, this commission on each bike or treadmill was reduced to a $10-25 range for each unit sold – whether you hit or miss sales targets. Prior to November, the retail associate was going to have a commission structure that paid them $75 for each Tread or Bike sold up to their monthly target, then $100 for each Bike or Tread sold thereafter.
They are similar in a lot of ways, but by the time an average shop owner locks their doors one last time at the end of any given year, he or she would have made around $46,000 in profits. Store owners that make $2 million or more earn, on average, $71,595, while those that make less than $300,000 per year make only $30,611. The Costs of Doing Business Study by the National Bicycle Dealers Association shows the average shop makes 5.8 percent in profits as a percentage of total sales, whereas the highest-profit shops (the highest-25 percent) make 15 percent.
The average bike retailer makes an annual pre-tax profit of 5.5 percent, but the top 25 percent take home almost three times as much. By selling bicycles in addition to other goods, the average bicycle store makes about a 42 percent profit margin. On average, retail profit margins on bike sales are 36 %, though the margins are slightly higher on other types of cycling-related products, such as apparel and accessories. Do remember that most bike shops rely on sales as the main revenue stream.
Of course, if your store does not sell close to $900k worth of bikes per year, you can expect the bike shops owners revenue to drop dramatically. Beat $134 by that much, and perhaps an average full-time-equivalent employee could get paid more, with an average bike shop benefiting as well. According to a 2014 Bicycle Retailer article, a bike shop owner can make $48,877 per year. The median estimated annual Harley-Davidson payroll, including base and bonuses, is $119,342, or $57 an hour, and the estimated median payroll is $116,784, or $56 an hour.
The median Harley-Davidson sales representative salary per year in the United States is about $44,073, 30% lower than the national average. Average Harley-Davidson hourly compensation varies between about $10.00/hour for sales associates and $11.79/hour for bilingual sales associates. Average Harley-Davidson salaries range from approximately $43,765 a year for Sales associates to $82,476 a year for a sales manager. The most satisfied Harley-Davidson employees are Assembly Technicians, who give a mean score of 4.0, and Financial & Insurance Managers, who also give a mean score of 4.0.
The median salary of motorcycle technicians is around $34,000-$40,000 a year. A mechanic in his or her junior year makes on average $15,336 a year, while the mechanic in his or her senior year makes $27,606, according to this report. Pay may go up depending on the bike mechanics experience, education, and certifications. On average, sales representatives for wholesalers and manufacturers of technology and science products earn $84,360 in base and commission wages, according to a Bureau of Labor Statistics survey reflecting May 2010 wage data.
Sales representatives in those locations said they earned $106,542 base pay, with a median annual compensation of $87,481. Enterprise software vendor SAP America leads the pack, with employees there reporting a base salary average of $110,114, plus $99,431 in sales commissions, totaling $209,545. Over a months time, a sales specialist at Peloton can be working up to 120 hours (keep in mind Peloton is hiring more throughout the year as demand grows, so not every sales associate will be working 40 hours per week).
The owners need to keep the lights on, pay the employees, pay for bikes for transportation to the shop, and promote and market themselves. Consider that an average bike shop owner is tasked with running a business that has an average gross sales volume of $891,084, has 7.3 employees, roughly 5,000 square feet of real estate, and all of the challenges that come along with running a viable physical storefront business in an Internet era.