Re: Finders Fees
Depends on the deal. If somebody gave you the number of a "friend of a friend who might have one of those", that's different than if somebody took the time to network and track something down for you. If someone hooks you up with a car you wouldn't have normally found on your own, and did so at your request, I think 5% of purchase price is a good, fair number.
Communication is key. Both parties should know at the outset that this is a potential business transaction. If this isn't agreed to at the start, there's all sorts of possibilities for hurt feelings and simmering grudges.
Kudos to rich p for making a living out of this. I think its every bit as useful as a good real estate agent. But I've found bird-dogging for money to usually be a frustrating experience as a service provider (mostly indecisive people who want you to keep throwing possibilities at them until something catches their eye). The more specific they are in their request, the more likely they will follow through when you find something, (ie "find me a documented '68 L78 Camaro" rather than "find a me a neat old Chevy").
|