You don`t need to offer a transfer fee, but for most agencies, this tends to be less recommended, because people don`t have any extra incentive to do initiations. Don`t you want to pay forever, but encourage recommendations to long-term customers? Consider a step down structure (z.B 10% of sales in the first year, 5% in the second year and 0% after). I am not a lawyer or CPA, so you want feedback from your legal and financial advisors. Which means — to save you money, here`s a free model for transfer fees, so your lawyer can make a legal agreement: I usually see 12-month limits on transfer fees. This means that you pay a percentage for the first year you do business with the new customer. But some referral fees are paid on a long-term scale (i.e. as long as the new client remains a client of your agency). By expanding your agency`s referral partnerships, you can eventually hire a partnership manager to lead the entire process. But you won`t need this role to begin with. You can treat recommendations “non-in-%” – including flat fees, gift cards and other rewards.
This proposal and the Commission`s agreement are less detailed than the other agreements of this subcommittee. So you can use one of the other documents in this sub-file. If you want to pay a 0% referral fee, because you don`t like the referral fee, or because you want a substantive agreement with another company, that doesn`t matter. Many agencies do not pay a transfer fee; in this case, the referees will receive a thank you note and perhaps a symbolic item with a face value (z.B. a gift card worth $50). You must also be separated, but related to how you handle the recommendations of your agency`s current staff. Do you expect free transfers as part of your job? Will they receive a certain level of commission? Do you receive a nominal flat transfer fee? There are many options that go beyond the scope of this article. But you will soon want to pin the details to avoid misunderstandings and hurt emotions later. Most commission programs contain language for what is qualified for a commission or referral fee. This may include a signature from the agency, that the referent receives “credit” for the transfer fee – and that there is no transfer fee without the mutual signature in advance. Do you want my individual feedback on your referral fee plans? As soon as you draw up your initial plan – so that there is something tangible to discuss – I am happy to help you make a call Clarity.fm advice.
Be skeptical… But don`t be rude. A few years ago, I introduced a client through a professional in a specialized consulting firm. I knew that the pet was working with the company in any capacity, as an entrepreneur, it turns out. The owner of the consulting firm later said, as he had not met me before, all transfer fees will go to the contractor – not me – unless I can convince the contractor to share part of the tax. It wasn`t relevant – I wouldn`t have accepted a fee in this situation anyway – but it certainly made him mean. Your lawyer can advise you in the language to use – and they can share if there are reasons not to pay a transfer fee based on your individual circumstances.