FInders fee

Discussion in 'SolidWorks' started by Ben Eadie, Feb 28, 2006.

  1. Ben Eadie

    Ben Eadie Guest

    A competitor of mine gave me some work that he could not handle recently
    and we are not sure what sort of finders fee or percentage of work done
    should be given to him. I was thinking 5% of work done?

    What have you other consultants done in this scenario?

    Ben Eadie, Feb 28, 2006
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  2. Ben Eadie

    YouGoFirst Guest

    My company get 4% of any bits of cash that goes through its hands.

    If you are not on contract with your competitor for the work he gave you,
    then you legally owe him nothing. However, if you want him to think of you
    first whenever he needs an extra hand, you should give him some type of
    finders fee. Your finders fee doesn't have to be a percentage of the work
    done, but could be a flat fee.
    YouGoFirst, Feb 28, 2006
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  3. Ben Eadie

    haulin79 Guest

    I have found that 3% to 4% is a typical finder's fee in most industries.
    haulin79, Feb 28, 2006
  4. Ben Eadie

    jjs Guest

    Make sure you are paid first - he may of just laid off a bad client
    onto you :) - but 5% should do it - like others have said - he will
    think of you next time.

    jjs, Feb 28, 2006
  5. Ben Eadie

    Aaron Guest

    If he is truly a competitor, go ahead and pay him.
    If he is a 'colleague' , he shouldn't ask for a finders fee,
    and maybe you will return the favor some day.

    I have a couple of independent contractor 'colleagues', that hand over
    extra work to each other without fees.

    Just my 2 cents

    Aaron R. Friedman
    ARF Designs
    Aaron, Mar 1, 2006
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