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Richard Feinburg
2,970 Pointswhatsthe percetage for finder fee?
I have a friend that only does print work, PhotoShop and Illustrator. Good for me because I can do the web work that he get from his clients. The problem is that he gets 50% of the web work and I do all the work. Is that a far fee or is he getting too much.
6 Answers
Eddie Flores
9,110 PointsNo, not fair. If you had an arrangement from the beginning for being 50/50 that's one thing. A typical "finder's fee" is 15%. It's about what I would give to people for a referral.
Kyle Brooks
6,753 PointsIn my experience with B2B Customers, "Finder's Fees" are virtually non-existent. If he cannot do the work, then he is benefiting himself by enlisting someone that can help. I say completely unfair. You can give him a percentage afterwards if you see fit, but if the man can't do it himself, then he needs to find someone anyways...
agreatdaytocode
24,757 Points50/50 = NO WAY! MAYBE 10% and that's being really nice.
Richard Feinburg
2,970 PointsOkay, because his Mexican and all his clients are Mexican or latian and they Dont work with white American. Sp , I can't go to this client to do the work. Not trying to be racist or anything but that's the way they are.
John Locke
15,479 PointsHi Richard: It sounds like you are essentially a contractor for your friend. It sounds like he is handling all the client interaction, project management, and the clients do not interact with you. This may or not be fair, it depends on what your arrangement is. There are many details left out in your original message. For instance, is he referring clients directly to you, or are you collaborating with him on his projects?
It also depends on how much you are getting paid from these jobs, whether or not it is a fair arrangement.
If your friend is able to gather clients, talk to them, and do the graphic design, 50% of the payout sounds very fair. If your friend is simply referring clients to you directly, then 50% does not sound fair.
If you want to collect a larger payout from working with clients, you must manage your own client projects. To get all of the payout, you must handle all of the aspects of the project: finding clients, talking with them, creative direction, web development, deployment, and wrap-up.
Project management takes time as well. I would advise trying to find projects of your own that you can control fully, and build from that.
James Barnett
39,199 PointsAs usual John Locke has laid down some most excellent advice
Richard Feinburg
2,970 PointsHe is pretty much the middle man of things. Sending me what the client want changes. Almost like a fowarding email to me. I know he deserve more than 10%. More of the line of 30% but 50% is too much. Also I'm working with one of this clients face to face now and he wants 50% of that.
John Locke
15,479 PointsIf your friend is the one positioning himself as The Boss to the clients, there is not a ton you can do about that. I would go to him and have a discussion about what you believe you are worth.
Since you are already talking face to face with clients, it sounds like you are prepared to find some clients of your own. The more you can "make it rain" for yourself, the better off you will be in the long run.
James Perih
4,184 PointsWho is billing the client? Does the client receive any invoice from you, or does your friend bill your clients on your behalf? In a world of free enterprise, this type of model is common at 50% -- he pays you, and marks up that cost to your client, despite if you work directly with the client details and discussions.
Time to find some of your own clients. And if you want to continue doing business with your friend, be sure you are paid what you are worth, and have your friend buy / subcontract your services, and markup how he sees fit.
But if you invoice your clients, but your clients pay your friend, you are on the losing end of this collaboration, I'm afraid to say.