Make Your Fortune as a Professional Finder by J. Stephen PopeHave you considered 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 difference between a finder and a broker or commissioned salesperson?
A broker or commissioned salesperson gets paid a percentage of sale made. Usually, such person acts as an agent for owner of goods or services sold. He becomes actively engaged with sales process, supplying information to facilitate sale, negotiates contract, arranges financing, and completes paper work.
On other hand, a finder simply introduces a buyer to a seller for a fee. He does not become involved in sales process and is not an agent acting on behalf of 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 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 inventory of a finder. You are being paid to find something of value by someone who doesn't know where (or doesn't have 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 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 person by written correspondence (sent by registered mail) about 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.