Make Your Fortune as a Professional Finder
| Category: Home Based Business - is it for YOU? | Date: 2003-06-18 |
Have you considered the lucrative opportunity in finders fees? You could become a professional finder and earn a fortune from this alone. Alternatively, you could supplement your present income with finders fees.
A finder is someone who finds something for a person or business. The amount paid for this service is called a finders fee.
What is the difference between a finder and a broker or commissioned salesperson?
A broker or commissioned salesperson gets paid a percentage of the sale made. Usually, such person acts as an agent for the owner of the goods or services sold. He becomes actively engaged with the sales process, supplying information to
facilitate the sale, negotiates the contract, arranges financing, and completes paper work.
On the other hand, 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 finders 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 finders fees finding suitable planes for those needing them.
You can earn finders 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 doesnt know where (or doesnt 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.
Protect yourself with written contracts. Also, document all efforts you have made to earn your finders fee.
Before you introduce a buyer to a seller, have the seller acknowledge in writing that they have agreed to pay you a finders fee of so much upon successful completion of a sale. After obtaining a properly executed written contract (which may be a simple one page letter agreement), inform the person by written correspondence (sent by registered mail) about the buyer. Keep all copies of correspondence and other written documentation in case it becomes necessary to enforce your rights later. Proper documentation should help you to avoid any misunderstandings.
Just as the business that sells something pays its sales staff, likewise the seller generally pays the finders fee. The seller is the one that makes a profit from the sale and so usually is the one that pays commissions or finders fees.
However, if a buyer is particularly anxious to buy something, he might offer a finders fee. Therefore, it is possible to collect such fees from either the seller or the buyer.
It is possible to find finders 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 dont know) who might have the information you need, as well as other sources to find what is needed.
For example, if someone tells you they cant find a pilot with an airplane outfitted with geophysical survey equipment, have you considered talking to airport employees, pilots, business acquaintances, exploration companies and manufacturers?
Make sure that all your communications and dealings (telephone, correspondence, letterheads, contracts, et cetera) reflect the professional nature of your business.
You must be willing to do the necessary legwork and research required to earn your finders fee. As well, you must project a business-like, professional image and protect yourself with written contracts and other documentation. Above all, you must follow through and diligently apply what you have learned. In that way, you, too, will become a highly paid professional finder.
For further information about finders fees, visit:
http://www.yenommarketinginc.com/finder.html
Resource Box
About the author.
J. Stephen Pope, President of Pope Consulting Inc.,
popeconsultinginc.com/
has been helping clients to earn maximum business profits for over twenty years.
For more valuable Work at Home Business Ideas, visit:
http://www.yenommarketinginc.com/
Subscribe Free to Moneymaking Business! at:
http://www.yenommarketinginc.com/subscry.html
professionalfinder@getresponse.com
http://www.popeconsultinginc.com
A finder is someone who finds something for a person or business. The amount paid for this service is called a finders fee.
What is the difference between a finder and a broker or commissioned salesperson?
A broker or commissioned salesperson gets paid a percentage of the sale made. Usually, such person acts as an agent for the owner of the goods or services sold. He becomes actively engaged with the sales process, supplying information to
facilitate the sale, negotiates the contract, arranges financing, and completes paper work.
On the other hand, 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 finders 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 finders fees finding suitable planes for those needing them.
You can earn finders 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 doesnt know where (or doesnt 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.
Protect yourself with written contracts. Also, document all efforts you have made to earn your finders fee.
Before you introduce a buyer to a seller, have the seller acknowledge in writing that they have agreed to pay you a finders fee of so much upon successful completion of a sale. After obtaining a properly executed written contract (which may be a simple one page letter agreement), inform the person by written correspondence (sent by registered mail) about the buyer. Keep all copies of correspondence and other written documentation in case it becomes necessary to enforce your rights later. Proper documentation should help you to avoid any misunderstandings.
Just as the business that sells something pays its sales staff, likewise the seller generally pays the finders fee. The seller is the one that makes a profit from the sale and so usually is the one that pays commissions or finders fees.
However, if a buyer is particularly anxious to buy something, he might offer a finders fee. Therefore, it is possible to collect such fees from either the seller or the buyer.
It is possible to find finders 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 dont know) who might have the information you need, as well as other sources to find what is needed.
For example, if someone tells you they cant find a pilot with an airplane outfitted with geophysical survey equipment, have you considered talking to airport employees, pilots, business acquaintances, exploration companies and manufacturers?
Make sure that all your communications and dealings (telephone, correspondence, letterheads, contracts, et cetera) reflect the professional nature of your business.
You must be willing to do the necessary legwork and research required to earn your finders fee. As well, you must project a business-like, professional image and protect yourself with written contracts and other documentation. Above all, you must follow through and diligently apply what you have learned. In that way, you, too, will become a highly paid professional finder.
For further information about finders fees, visit:
http://www.yenommarketinginc.com/finder.html
Resource Box
About the author.
J. Stephen Pope, President of Pope Consulting Inc.,
popeconsultinginc.com/
has been helping clients to earn maximum business profits for over twenty years.
For more valuable Work at Home Business Ideas, visit:
http://www.yenommarketinginc.com/
Subscribe Free to Moneymaking Business! at:
http://www.yenommarketinginc.com/subscry.html
professionalfinder@getresponse.com
http://www.popeconsultinginc.com
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