Business Instruction Thoughts

“What is the easiest way to start as a finder?”

There are many answers to this question. But here’s ours. Start by finding for firms seeking a person, product, or some other item such as real estate, raw materials, etc. And of this list we think that the finding of certain types of people is a great way to get started. We suggest that you start by finding manufacturer’s representatives, often called Mfrs Reps. Why? Because it’s a good business in which firms pay high fees! Here’s how.

Many firms sell through reps. Finding good, hardworking reps isn’t easy for these firms. So some use finders to find one or more good reps. The usual fee for finding a good rep is $750, although some firms charge $1,000 and up. To find such a rep, you would look over the various lists of reps and write to those you think could do the job. After you hear from them, you decide which one would be best and you recommend this one to your client firm. You will usually have a retainer of $500, which is paid to you before you start your search. If the rep is OK for 3 months or longer, your fee has been earned. But if the rep you recommend does not work out in three months, you find another – for the same fee.

Another way to work as a finder is as a patent broker. What you do is find firms that want to use patents which have been issued to inventors. In this work you might collect fees from both the inventor (for finding a firm to use his patent) and from the firm (for finding the patent the firm seeks). Your fee can be in two steps: (1) A flat amount of – say $5,000 – for finding the firm and the patent, and (2) a royalty on each item sold using the patent. This royalty could be as low as 10 cents each on mass-market items or as high as $10,000 each on small-sale high-priced items. But you get a royalty for years to come – which can be highly profitable to you!

Another great way to work as a finder is to contact stock brokers to find people who have stocks or bonds, or both, which they are willing to rent out to people wanting to use these securities as collateral for a loan. Some stock brokers (also called registered reps) have lists of people who are willing to rent out their stocks or bonds to reliable people seeking loans. You earn a fee from the person seeking the collateral after the collateral is obtained and you might also earn a fee from the person (or firm) which rents the securities to the borrower. This is a jumping business right now because more and more lenders are seeking collateral such as stocks or bonds, or both.

Note that the finder businesses listed above are all “paper” businesses. This means that you can usually get into them for just a few dollars for paper – your letterhead,, some envelopes, and a few stamps. And your profits can be enormous because your costs are so low.

This helpful article about the business of being a Finder, came from Tyler G Hicks of IWS.

For the complete story about becoming a Finder in a business of your own, visit:

IWS Financial Broker/ Finder/Business Consultant Kit