For Big Finder Fees, Go Where the Money Is!
by Tyler G. Hicks
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Earning Finder Fees is Fun and Rewarding. |
For the largest earnings you should:
- Concentrate on the biggest deals because they often take less time
than the smallest deals.
- "Screen" every deal before taking it on because unwise deals can waste your time, energy and money.
- Have a written agreement with your client covering your exact fee and when you will be paid for successful completion of the finder assignment.
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There are All Kinds of Finder Deals Around Today. |
Thus, you'll see finder deals for:
- Real estate- find a choice property for a gas station
where 5,000 cars pass every day during daylight hours.
- Agricultural products- find red beans, green beans,
corn, barley, wheat, apples, oranges, etc.
- Petroleum- find crude oil or refined products such as
Diesel, lube oil, jet fuel, No. 2 heating oil, etc.
- Money- find funding for business or real estate to buy,
rehab, expand, finance or otherwise inject cash into an existing situation or property needing money.
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Your Biggest Finder Fees Will Come from the Largest Deals. |
So pick only those deals you believe you can complete and which are
the largest in terms of dollar value. Thus:
- A 10% Finder Fee on a $1,000,000 deal will bring you
$100,000 for successfully completing your assignment.
- But a 10% Finders Fee on a $100,000 deal will bring
you only $10,000 when you "deliver the goods".
- Often the work you do on the $100,000 deal will take
longer than on the $1,000,000 deal. So pick the most
lucrative deal for yourself and your business.
- But when big deals are scarce, look for smaller deals to
"fill in" open "chunks" of time so your income is steady.
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The Easiest Deals To Do Are Those Where You Find Money. |
Why is this? Because finding money is purely a "paper" search for:
- A suitable lender or grantor- done by mail, fax, e-mail
or telephone.
- Willing to lend or fund a business or real estate deal.
- Which you present in a winning way to the lender or
grantor to earn your fee helping someone get money.
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