View Full Version : Finders Fees
Does anyone know what the industry average for finders fees is?
09-27-2007, 07:28 AM
I do not know what the industry fees are but here are ours;
- 20% if the other party has closed and we just have to be introduced to start the work
- 10% if an introduction has been made but you have to close the sale
-Thank you or small gift for a cold lead
I hope that this helps
I charge 25% if I bring the client to the table and help close it. Other than that I do not refer clients.
06-16-2009, 03:22 AM
Some companies pay $1500 for referrals for Senior SAP consultants. You should try for more than $500, except perhaps for Junior SAP Consultants. SAP Trainers may not get you as much as $1500, try $1000.
Companies may pay recruiters 30% of the first year salary for a placement. A serious recruiter should cut you in for a part of that percentage.
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06-28-2009, 03:47 AM
Finders Fees for Making Connections with Consultants
Pinpoint Resources, Inc. is a consulting resource firm that connects client organizations with highly experienced independent Organizational Development, Training and Performance, and Human Resource professionals for a variety of business improvement initiatives. At Pinpoint Resources, our mission is to provide the valuable link between companies in search of flexible resources with specialized competencies, and highly skilled independent consultants.
At Pinpoint Resources, we pride ourselves on building a trustful and mutually beneficial bond between us and our consultants. With that thought in mind, we have developed a finders fee program to reward you for all consultant or project referrals you send to our company.
08-21-2009, 02:37 PM
It really depends on your industry. In general, around 20% is typical but of course it depends on the industry and the actual find.
09-23-2009, 01:02 PM
consulting help you find the destination
10-23-2009, 12:36 AM
Here are seven tips to help you make your fortune in finder's fees.
1. 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.
2. 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.
3. Protect yourself with written contracts. Also, document all efforts you have made to earn your finder's fee.
4. 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.
5. 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.
10-23-2009, 01:59 AM
I think it depends on the time and effort you spent on the project, or the 'find'.
02-23-2010, 01:04 AM
I don't complete idea about this but i have experience 2 years before. That time the rate is 18 per cent . This time i don't know what they are charging. Thanks for sharing
02-26-2010, 05:14 AM
I charged only 10% of total. It is my best price. If you have less price then there is more sale.
03-05-2010, 01:59 AM
Which type of industry. What is finder fee.
First explain the finder fee
05-05-2010, 07:32 AM
In the United States, a finder's fee is the compensation given to an intermediary in a business transaction. Usually, there is a causal relationship between the one party and the intermediary (the finder), another relationship between the finder and the second party, and the two parties of the transaction would not have met if it weren't for the work of the finder. Such compensation is common in business and is regulated by contractual agreements and law in the United States. A finder's fee can also be a gift from one party of the transaction, who feel morally obligated that the profits of the transaction be shared with the finder for making that transaction possible.
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06-03-2010, 05:19 AM
Victory has the same numbers as my company - 20% if we don't have to sell, 10% if we do. Strategic partners are a great way to go.
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08-20-2010, 02:18 AM
I charge 30% if I refer any customer to you. Its a business.
08-24-2010, 07:45 AM
It really depends on your industry. In general, around 20% is typical but of course it depends on the industry and the actual find.that connects client organizations with highly experienced independent Organizational Development, Training and Performance, and Human Resource professionals for a variety of business improvement initiatives. At Pinpoint Resources, our mission is to provide the valuable link between companies in search of flexible resources with specialized competencies, and highly skilled independent consultants.
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09-20-2010, 01:32 PM
What kind of industry is the asker in? It really depends on the type of industry you're in
09-21-2010, 01:54 AM
Show it as outside commissions paid. If you pay anyone $600 or more, you MUST prepare a Form 1099-MISC and give them a copy. The 1099 is optional if you pay them less than $600 in any tax year.
TIP: Before paying ANYONE, give them a Form W-9. Require them to complete and return it BEFORE you pay them anything. Failing to get and report their TIN will cost you penalties from the IRS.
Training and Performance, and Human Resource professionals for a variety of business improvement initiatives. At Pinpoint Resources, our mission is to provide the valuable link between companies in search of flexible resources with specialized competencies, and highly skilled independent consultants.
11-30-2010, 06:50 AM
We are proud to build bonds of trust and mutual benefit with us and with the consultants. With this in mind, we developed a finders fee program rewards you for all references of the consultant or the project can be sent to our company.
12-14-2010, 02:35 AM
A finder for a fee only to introduce a buyer to a seller. Are not included in the sales process and makes a written agreement with the agent acting on behalf of myself seller.Protect. In addition, all the efforts you have earned your Finder fee.With thought in mind that document, we have a finders fee of the consultant or project you referral reward program to send you our company has developed.
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