Carol Roth is frequently asked about finder’s fees, and has even been called as an expert witness on the topic.
In this short interview, Carol and I walk through some situations where paying finder’s fees makes sense, and how you might want to structure them.
As with most things in business, it’s good to get everything in writing. You want to make sure all parties agree on the terms.
There are differences depending on the size of the transaction and the value of your contribution.
Also, Carol suggests you think about finder’s fees in relation to the company’s marketing budget for the product or service.
Are you considering paying finder’s fees for great leads, or asking for a finder’s fee to monetize your great network? You will definitely want to watch this short video.