Anyone ever work for World Maritme Exchange? - Page 2 - SailNet Community
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post #11 of 17 Old 07-30-2008
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From what I can gather you are paying to be trained and then would be an independent broker working under the WME banner. May not be a bad deal for what your are getting in knowledge. Especially if the cost covers air and hotel stay. I am consultant and trainer in another field and training is expensive.

That being said most of what they teach can be found through research on your own. The question becomes whether you want to pay for having it already compiled in a comprehensive learning package and having someone to answer questions. Whats your time worth to you?

One last concern would be whether or not you had to sign any type of work or broker agreement and the language it contained.
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post #12 of 17 Old 07-30-2008
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Be aware that working for them as an independent contractor might not be completely legal. There are requirements for someone to be considered an independent contractor that they may or not be meeting. Hiring someone as an independent contractor is a way for less ethical companies to get out of paying many of the taxes and costs that are associated with having employees, like FICA, Social Security, Unemployment, and providing benefits like health insurance. It is good for them, since it pushes many of these on to you, effectively making you pay for things they would normally be responsible for.

If you're curious what the differences are, look at this website and this website.


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Last edited by sailingdog; 07-30-2008 at 11:10 AM.
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post #13 of 17 Old 07-30-2008 Thread Starter
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I think you have discribed the process very well. I informed them I would mainly be interesed in sailboats but have no problem with power boats as well. At this point I'm still very skeptical. I will try and speak to one of thier brokers and see what I can find out.


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post #14 of 17 Old 07-30-2008 Thread Starter
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Yes there is a contract which I will review carefully.
At this point I am less Iikely to go forward unless I find some good info,
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post #15 of 17 Old 12-12-2010
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WME weee!!!!!!

I know this is an old post, but I just came across WME. It's fabulously funny. The company owner claims to train by androgogy (sp). as opposed to pedagogy. ie. teach yourself or be taught by someone with knowledge.
So he promises to let you figure stuff out and pay him money for the privilege.
His listings are a riot!! 400 foot bulk carriers and such.
I'm not sure why Yachtworld allows such nonsense. Maybe they figure no one is stupid enough to actually believe this scoundrel.
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post #16 of 17 Old 01-27-2012
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I tried to contact them to purchase a vessel. They were the WORST Broker I have EVER worked with. I needed to reach a broker named Scott Jones. I emailed him several times and he didn't respond. I ended up having to call another broker to get him to return my email. After I gave him my specs he sent me a bunch of ships that didn't fit the specs. According to their site they had some that were perfect, but he sent me a bunch of newer more expensive ships. Then when I requested the info on the other ships he said he'd send it but never did!
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post #17 of 17 Old 01-09-2013
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Re: Anyone ever work for World Maritme Exchange?

I have worked with WME Yachts Ltd for over 13 years now, and have never had a complaint. When I was trained I had no idea how to operate as a Yacht Broker, and WME Yachts Ltd training gave me the skill necessary to operate my yacht brokerage, the owner stayed with me and was there for every negotiation I went through, helping me make decisions and with their help I was successful in each of my sales negotiations. Yacht Brokering is a different business than most. I own three other businesses and Yacht Brokering is nothing like them. I have a great deal of experience in sales but without WME Yachts training and guidance I would have spent more time, more money, and most likely lost several sales that I was successful with with the help of WME Yachts.
I have read through all the comments about WME Yachts on this site, and the one thing I seem to notice and it seems to be a common ground among these persons making these comments, they do not know business very well. Some of their comments appear to be emotional.
WME Yachts is not hiring salespeople, like other companies, they are placing people into business. Like me I had a great deal of sales training and experience, however I would never had made it without the training and support. The other thing is this is my business, not WME Yachts, I work with them, they give me an office, an international image, industry data, but I am the one who makes all the decisions for my success. If I wanted to leave them and start my own business I could have. Some have. I have chosen to stay with WME Yachts. It is expensive to operate a yacht brokerage. In addition the services they give you are expensive. So I am happy to let them to all the back office work, and let me work with my people. WME Yachts has given several people and brokers, I know, the opportunity to be very successful. Some tell me they were well into 6 figures in commissions.
Take this for what it is worth to you, getting into business for yourself is a good thing. Being in charge of your schedule, you clients, your income, is a good thing. WME Yachts lets me do all this, all they demand is that you treat your customers with good service, and respect. I work at my own schedule, I work how I want, and WME Yachts has shown me how to create an annual goal and an action plan to accomplish that plan. It works good. I hope some of the people who are taking shots at WME Yachts, have gone into the business of yacht brokering and have been successful. The one thing I can say is that I accepted the system that WME Yachts gave me, followed it and I have been successful. I know others who have decided not to follow WME Yachts system, and they struggled. Some quit. Maybe some of these people on this site are people that decided not to follow the WME yachts system.
I took the time to write this because WME Yachts has given me everything they said they would. They would not have an A+ rating with the BBB, if they did not give their brokers what they have in their contract with the broker. Good Luck.
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