Finders Fee Question
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- Ironmonkey
I am the designer, I hate the business part. I have my own thing but I lost my partner who was doing the business part.
My friend has a printer, a t-shirt press and connections. But he couldn't design his way out of a paper bag. All his resources are just going to waist, and I cant find work.
I want to make a sort of partnership and I want to be fair. I'll be doing all the work of designing/printing/pricing. He'll be finding the work/negotiating/delivering.
What is a fair finders fee to pay someone? I have never worked for a design agency and in a sense I would be setting one up...for myself.
What is the % a design agency has taken for finding you work?
- NotByHand0
Is he your 'business partner' or just an agent for you?
- erikjonsson0
this sounds overcomplicated
- Ironmonkey0
Well it depends on the amount of work. Agent in the beggining.
If we can find alot of work Partner.
If it is overcomplicated, then how do we dumb it down?
- NotByHand0
Well, in my experience, if you are to be true 'partners', you will have view each others contributions and value towards common goals as equal. Obviously, that means a 50/50 setup.
The agent scenario is vastly different, and can really vary due to the many factors involved.
- Ironmonkey0
Well yeah partners 50/50
Finders fee-10-20% ?
- Hard to say... maybe 25% to start with, and re-evaluate after 3 months?NotByHand
- Andy_ssw0
Keep it simple. 50/50.
- BuddhaHat0
50/50. By the sounds of it you'd be in shit without his contacts and equipment, and he'd be in shit without some actual talent. It seems like it's mutually beneficial. Re-visit the agreement after a set period.
- Ironmonkey0
Ahhh yes the re-evaluation. Thats a good idea. thanks peeps