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Top 7 Finder's Fees Tips
By J. Stephen Pope
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Consider the lucrative opportunity open to you in earning finder's fees. A finder is someone who finds something for a person or business. The amount paid for this service is called a finder's fee. Here are seven tips to help you make your fortune in finder's fees.
- A finder simply introduces a buyer to a seller for a fee.
He does not become involved in the sales process and is not
an agent acting on behalf of the seller.
- The best areas to earn finder's fees are those in which
you already have expertise and interest. For example, if
you are an expert on airplanes and have connections in the
aviation industry, you could earn finder's fees finding
suitable planes for those needing them.
- Protect yourself with written contracts. Also, document
all efforts you have made to earn your finder's fee.
- You can earn finder's fees in many areas including
equipment (used or new), equipment leasing, finding
locations for franchises or vending, scarce materials,
commodities, financing, et cetera.
- Connections are the inventory of a finder. You are being
paid to find something of value by someone who doesn't know
where (or doesn't have the time) to find it. Your knowledge
of where and who to get something from is invaluable
information that people are willing to pay for.
- Just as the business that sells something pays its sales
staff, likewise the seller generally pays the finder's fee.
The seller is the one that makes a profit from the sale and
so usually is the one that pays commissions or finder's
fees.
- It is possible to find finder's fees opportunities
offered in magazines, newspapers, and newsletters. You can
find additional opportunities by doing your own research.
Use your contacts, reference and phone books at the library,
the Internet, persons you know (or don't know) who might
have the information you need, as well as other sources to
find what is needed.
RESOURCE BOX:
J. Stephen Pope, President of Pope Consulting Inc.,
has been helping clients to earn maximum business profits
for over twenty-five years.
For profitable Work at Home Small Business Ideas,
visit: http://www.yenommarketinginc.com/
To learn more about finder's fees, visit
http://www.yenommarketinginc.com/finder.html
Source: https://Top7Business.com/?expert=J._Stephen_Pope
Article Submitted On: October 28, 2005