What is the difference between a search and ordered a broker or seller?
A broker or commissioned sales are paid a percentage of sales are made. Normally such a person acting as an agent of the owner of the goods or services sold. He is actively engaged in the sales process, providing information to facilitate the sales distribution agreement, arranging financing, and completes paperwork.
On the other hand, only a finder introduces a buyer to a seller for a fee. He is not involved in the sale process and is not an agent acting on behalf of the seller.
The best areas to earn finder fees are the ones where you already have expertise and interest. For example, if you are an exper
t on airplanes and have connections in the industry you can earn finder fees finding suitable planes for those needing them.
You can earn finder fees in many areas including equipment (used or new), equipment leasing, finding locations for franchises or vending machines, scarce materials, commodities, finance, et cetera.
Connections are the inventory of a search. You get paid to find something of value by a person who does not know how (or do not have time) to find it. Your knowledge of where and who gets something from is invaluable information that people are willing to pay for.
Protect yourself with written contracts. Also, document all efforts you have done to earn your finder fee.
Before you introduce a buyer to a seller, the seller confirms that they have agreed to pay you a finder's fee of as much of the success of a sale. After obtaining a properly completed written contract (which may be a single page letter agreement) shall notify the person by written correspondence (sent by registered mail) on the buyer. Keep all copies of the correspondence and other written documentation, if it becomes necessary to enforce your rights later on. Proper documentation should help you avoid misunderstandings.
Like the company that sells something pays its sales staff, which also sells generally pays the finder a fee. The seller is the one that makes a profit from the sale and so usually is the one that pays commissions or finder fees.
But if a buyer is very eager to buy something, he can offer a Finder's Fee. Therefore it is possible to collect such fees from either the seller or buyer.
It is possible to find finder fee opportunities in journals, 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, people you know (or not) who may have the information you need, and other sources to find what is needed.
For example, if someone tells you they can not find a pilot with an aircraft equipped with geophysical survey equipment, have you considered talking to airport employees, pilots, business acquaintances, exploration companies and producers?
Make sure all your communication and transactions (phone, correspondence, letterheads, contracts, etc.) reflect the professional nature of your business. You must be willing to do the necessary legwork and research necessary to earn your finder fee. So good, you must project a business-like, professional image and protect yourself with written contracts and other documentation. Above all, follow up and diligently apply what you've learned. That way, you will also be a highly paid professional finder.
