In keeping with the philosophy that agents are partners and stakeholders, Keller Williams created a distinct wealth building platform that rewards associates who contribute to a profitable market center’s growth by attracting productive associates. In the United States and Canada, we do this through profit share; and across the world, through growth share.
Since inception in 1989, the Keller Williams Profit Share program has surpassed half a billion dollars in distributions to associates. In 2014 alone, KW distributed more than $98 million through profit share and growth share.
How Profit Share Works
Each month, profitable market centers split owner profits with the associates who helped grow the market center. The program is completely voluntary and available to any associate who wishes to participate.
An associate becomes eligible for profit share when a productive agent names them as a sponsor; the person who introduced them to the company.
Stakeholders earn profit share every month a market center is profitable. Last year, 98 percent of Keller Williams Market Centers were profitable for the year, a figure that far outpaces the industry standard.
Once the employee reaches their three year anniversary with Keller Williams, they are vested for life.
How Profit Share Is Calculated
Gary Keller says profit share is a mathematical formula. “It’s not a question of ‘Does it work or not?’ If the business is profitable, profit share works.” In less than two minutes you can learn how profit share is calculated at Keller Williams.
The Pursuit of Profit Share
Now that you know what profit share is, you are ready to master the techniques for maximizing Keller Williams resources that help grow your profit share tree.
Have you ever dreamed about what you would do with an extra $100, $1000 or $10,000 in passive income each month from profit share?
To understand the potential of passive income and use the tools to maximize earnings, KW MAPS Group Coaching offers a 12-week telephone coaching program. In the course, The Pursuit of Profit Share, you will get a more in-depth look at the history of the profit share system, scripts for creating curiosity for recruits, strategies for creating a mindset open to passive income, tactics for building the first level of a profit share tree and tools for maximizing social media for growing your tree.
In countries outside of North America, Keller Williams offers a growth share program in which master franchise owners and Keller Williams reward associates who help the company grow by sharing a portion of the company’s revenue with those associates.
Because any Keller Williams associate can participate in either of the two plans, and both Profit Share and Growth Share are distributed across borders all over the world, the two different systems create a powerful wealth-building platform for those who help Keller Williams grow and succeed.
Blog Post Courtesy of https://blog.kw.com/2015/07/16/wealth-building-with-profit-share-and-growth-share/