Protecting Yourself As A Professional Finder!

Nothing is more important than protecting yourself as a Professional Finder. If you are planning to work as a finder, you need to illustrate this by being professional.

And there is nothing more convincing than to have a set of agreements & contracts in place, and have a banking relationship with your bank.

 
 Agreements & Contracts

Now that you’ve broken the ice, have established some rapport with the parties you are trying to get together, and presumably have discussed terms in previous correspondence and phone calls, your next step is to get something in writing. This must be from one or the other, committing one or the other to paying you your fee. From the legal standpoint, a clearly orded, concise and specific exchange of letters should be sufficient.

With a covering note, saying something like, “I know this letter may sounds kind of stiff, but it’s a standard formality – something I must have for my files before we can finalize,” you might write this kind of letter:

Dear Mr. Hale:

I think we have now agreed on the terms of my compensation in return for acting on your behalf in finding (whatever). It is to be (so many dollars, a one payment %, payments based upon units of sale – other). Upon your acceptance of these terms, I will reveal the full identities – name(s), address(s), and phone number of the principals to you, together with the last of the information in my possession which I have, until now, withheld in order to assure my compensation for services rendered.

Further, it is understood that you were not aware of (whatever opportunity) prior to (date of first contact), and that you will protect me for my fee, whether or not you were acquainted with the opposite party in any other way.

Accepted by (signature): ________________

Representing (company): _______________

Date: _______________________________

To go even one step better, an actual contract would do if you can get it. Many would refer to such a contract as a “Finder’s Protection Agreement.” We prefer, “Business Service Agreement”. Such a contract can be put together with your attorney or paralegal that are familiar with such agreements.

A minimum of two copies should be made – one for you, and one for your principal. Not being an attorney, obviously we cannot do as good a job in designing a form that will protect you down to the last period and comma. So if you really want to do up the contract form “right”, consult an attorney.

Some greedy, unwilling-to-work finders will sometimes try to get into the act.” They will claim that by merely providing a name, they are entitled to a fee. This is why the last paragraph in the contract form is so important. It would say, “I have signed no such similar agreement with any other person(s) having anything to do with our specific (transaction – again, spell out precisely)”.

Generally speaking, if another finder has provided only a name, and performed no other services, he does not, legally, have as much as a balloon of air to stand on. The courts still (generally) consider the rule of “value given for value received.” Also, most frequently, prior dates on correspondence will protect you and your principal from the professional suit-threatener, do-nothing, Johnny-come-lately finder.

Bank Confirmations

Good banking connections are vital to many areas of professional finding. One of your first orders of business is to establish them. Talk to your banker. Make up some mythical transactions as examples. Get his opinion on the best ways to deal – with this kind of assurance, bank confirmations, behind you. If you’re not satisfied with what you’re told, see another banker; maybe still another, maybe a dozen or even more. Compare notes. Then do business with the bank that seems to know most, what they are talking about.

To learn more about Finders Contracts and Agreements, and Banking Relatrionships, you need to read “Striking Gold in the Finders Fees Business”. Visit www.Find4Fees.com.

So You Wanna Be A Fat-Cat Professional Finder!

Let’s back up here for a minute before we talk about making big money as a Fat Cat Professional Finder. Sure – there are plenty of big bucks to be made as a professional finder IF……… That’s right – IF..… If you do it right! And most folks don’t do it right. The reason being is that most people who jump into this business of finding – jump into it without knowing the game rules. This is why most fail at this business.

You can’t go into this half cocked. Would you believe that most people, even people who call themselves finders, do not really know what a finder is. Although so much has been written about the easy money fortunes being made as a finder, most people do not know what a finder is, or how to earn finder’s fees. So in order to define what a finder is, let’s first point out what a finder is not.

A finder is not a dealer. Dealers take-on a product, or service for sales and promotions. Dealers are only responsible for distributing the product, or service, from the main source to the end user.

A finder is not a pre-seller. Pre-sellers take a selling price from a product source and add-on what they feel to be a fair margin of profit, and sell it. When a sale is made, the pre-seller buys the product from the source and ships it to the buyer.

A finder is not a representative of, or agent for, either buyer or the seller. Representatives and agents are authorized by their clients to negotiate the purchase, or sale, of specific services and products. They can legally sign documents obligating their clients.

There you have it. Very many people who call themselves finders are not really finders at all. They are really Salesmen, Agents/Representatives, and/or Pre-sellers. The answer to the question is; that a finder is nothing more than a “match-maker” for a fee. The Professional Finder simply matches qualified buyers with qualified sellers, or vice versa. In business life also, the meaning of the word “find” is just that. Where a sale of something is involved, you find a buyer.

The Business of Finding

Where an acquisition of something is involved, you find a seller. We have found that the best way to find one party to a business transaction is to look in your own community (buyer or seller). Then match up his/her needs with those of another party (buyer/seller) in another city, state, country and away from your local community.

But you don’t have to stop here. You can also bring together two parties – one in Florida, and the other in Singapore, even if you live in Kansas City. Many Professional Finders are doing this and making a fortune.

The advent of the Internet has brought the world of communications to your fingertips. So Google away my friend and bring together a buyer and seller of any commodity!

Why A Finder?

And why not? You ask, “Why would anyone or company pay a Finder’s Fee?” Good question. There are over 300 million people in this country of ours, and millions of small, medium, and large companies. Now – do you think that these businesses can know of all the sources of supply, service providers, potential buyers, and potential sellers? Of course not!

Does it really make sense that companies spend thousands and hundreds of thousands, and tie up important employees to do nothing but research the existence of these suppliers, buyers, and service providers?

All they would have to do is get a finder to go to the expense and trouble of locating the contacts they need. The fees will be much less than what they would have spent if they had done the research them-selves.

Many limp-wrist finders complain that its hard work, difficult to weed through hundreds of unqualified leads before they find one good solid source. They continue complaining that this time wasted is keeping them from earning their fees. Now! Whoever said it was that easy? If it was that easy, do you think anyone would have need for a Professional Finder, or even consider paying a Finder’s Fee?

The finders who complain are the failures. Keep this in your mind; a finder earns his/her fee by weeding through the unqualified leads or losers; by following all of the dead-end paths; and by, eventually, getting hold of a real genuine source, buyer, seller, or whatever.

This is what a finder gets highly paid for doing. The company or individual that pays these Finder Fees pays it so they will not have to chase down all of those unqualified leads, and dead-ends. That is the name of this game.

What Are Finder’s Fees?

Finder’s Fees are basically a fee for providing a service to an individual, or company. For example, let’s look at some situations:

– A Texas man earned $43,000 on a single business transaction. This transaction consisted of making 3 telephone calls, several emails, and about 7 hours of his time. The transaction being the closing of a scrap metal deal involving a seller in Pittsburgh, PA and a buyer in Houston, TX. Not a bad days pay!

– A California woman collected a Finder’s Fee of $225,000 for the sale of beautiful mountain retreat in Santa Cruz, California. This transaction dealt with the sale of prime real estate that involved the seller in California and the buyer from Egypt. It took this young woman 2 telephone calls and 2 emails to close this baby.

– A New York couple collected a Finder’s Fee of $80,000 on a single sale of precious stones from Brazil to a buyer in Reno, Nevada. The sales continued and earned this couple an average yearly income of $34,000 for the next 3 years.

– A New Jersey man collected a Finder’s Fee of $60,000 for matching a buyer of distress computer merchandise in Louisville, KY from the seller in Santa Clara, CA. This transaction involved 2 telephone calls, 2 emails, and one letter of correspondence.

– An Arizona woman collected a Finder’s Fee of $14,700 for locating 48,000 travel mugs in closeout merchandise. This transaction consisted of only 2 telephone calls and about 2 hours of work.

Each of these situations in which the above individuals collected money, was in Finder’s Fees. As you can see, the possibilities are endless. If you keep your eyes and ears open, you can make a killing in this business.

Where Are Finder’s Fees Opportunities?

Walk through a shopping center, a discount store. Drive through any industrial complex; visit any dock where longshoreman is unloading cargo.

Watch any office building or high-rise business structure of any type. Attend an auction. Read the classified sections of any newspaper. Research the Internet. Get listed on chat/blog sites. Excellent sites to find buyers and sellers are Facebook, Twitter, and YouTube.

Read the ads and contents of trade and business magazines in many fields. Chances are great that a finder somewhere along the line had much to do with the creation of the business momentum that you will have observed. The “Finder” reaches into every remote area of American and International business and collects his fees. The horizons are as broad as the composite whole of our American economy itself. Here are just a few examples of finders’ fee offerings:

– Fees for finding insurance policyholders willing to convert their insurance premiums into tax-deductible items

– Fees for uncovering hidden estates

– Fees for finding buyers, sellers and traders in blocked, frozen or restricted foreign currencies

– Fees for finding those willing to rent letters of credit

– Fees for renting your own collateral, and having it too

– Fees for finding big quantities of cosmetic and pharmaceutical products available for resale

– Fees for finding sellers or buyers for any kind of production tools or equipment and earn a 5% fee for each “closed” deal

– Fees for locating financing

Rare? Unusual? Odd? Yes! But, we have presented this small handful of way out examples merely to show you the long tentacle “reach” of the Finders’ Fee Business.

You can earn tremendous fees in the “finding” business if you set it up “right,” work at it “right,” and cash-in on it “right.” Our purpose is to show you the way. We will tell you about the most lucrative fields, how to set up your own finder’s service, the equipment and supplies you’ll need, the know-how and where- how you’ll need. To learn more about this exciting and very lucrative business, Click Here.