Can you sell me this pen?
Never got to see Jordan Belfort have a go….
it’s the s/e thing I don’t know about
You work for yourself rather than the company. You don’t get holidays, sick pay etc.
You might get a monthly retainer or commission based on sales or a mix of the two.
You file you own tax returns and pay tax on whatever they pay you.
We use this model for overseas sales staff as it’s simpler than setting up a local company to employ them. They get a monthly retainer and sales based commission on top.
Legally, in the UK, with this model you can also work for other companies at the same time and can sub contract the work to someone else, as you’re not an employee – however, it’s quite common for employers to try to use this model as a scam to reduce costs associated with having staff on the books eg Deliveroo, Uber etc and they may actually want you to be working exclusively for them etc.