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subject: Make Your Fortune As A Professional Finder [print this page]

Have you considered the lucrative opportunity in

finder's fees? You could become a professional

finder and earn a fortune from this alone.

Alternatively, you could supplement your present

income with 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.

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 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.

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.

Protect yourself with written contracts. Also, document all

efforts you have made to earn your finder's fee.

Before you introduce a buyer to a seller, have the seller

acknowledge in writing that they have agreed to pay you a

finder's 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 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.

However, if a buyer is particularly anxious to buy something,

he might offer a finder's fee. Therefore, it is possible

to collect such fees from either the seller or the buyer.

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.

For example, if someone tells you they can't 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 finder's 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 finder's fees, visit:

http://www.allhottips.com

by: jayant925

welcome to loan (http://www.yloan.com/)