[Hidden-tech] Referral Commissions...

[Susan Wennemyr]

Be sure to check if there are legal limitations on
referral fees in your profession. I'm an investment
adviser, and there's a law dictating that I can't give
more than a $100 gift in return for a referral. I'd
start by looking up your national professional
association on the Web. 

Good luck.  Susan Wennemyr

--- Stefan Gonick <stefan at DatabaseWebWorks.com> wrote:

>    ** Be a Good Dobee and help the group, you must
> be counted to post .
>    ** Fill out the survey/skills inventory in the
> member's area.
> 
> 
> > Most affiliate programs are based on a simple
> percentage of the sale. 
> If it is a small
> sale, then the commission won't be much. People who
> sign up for 
> affiliate programs
> would hope that there would be enough of the larger
> sales to make it 
> worthwhile. You
> have to decide what percentage you are willing to
> offer. Potential 
> affiliates will then
> decide if it is worth their effort. There are many
> affiliate 
> directories on the Internet
> where you can post your program if it is Internet
> based. Just search 
> for affiliate
> directory.
> 
> Stefan
> 
> At 11:04 AM 10/25/2006, you wrote:
> >    ** Be a Good Dobee and help the group, you must
> be counted to post .
> >    ** Fill out the survey/skills inventory in the
> member's area.
> >
> >
> >
> >Hi All...
> >
> >Can I use you guys as a Mastermind group? Thanx!
> >
> >I'm setting up an affiliate program that will track
> referrals and 
> >let me give thank you commissions for completed
> sales.
> >
> >The price for the service I provide can vary from
> $250 to, right 
> >now, $2000 (that may increase as I move into the
> luxury market.)
> >
> >I'm trying to figure out the metric for the reward
> / commission. If 
> >a client gives me an occasional referral the reward
> will probably be 
> >a thank you note and a crisp $10 bill or some
> chocolate. But for 
> >business relationships where people refer
> consistently and often I 
> >want to provide a real commission and incentive.
> >
> >Here's the rub.  At the low end of the price
> spectrum a small 
> >percentage is a pittance and if I make it larger it
> cuts deeply into 
> >profit. At the high end the same commission is
> quite substantial 
> >(Hundreds of dollars.)
> >
> >Has anyone worked this out in their business... or
> do you just have 
> >some brilliant insights that will get me unstuck on
> setting this up? <g>
> >
> >Thanx.
> >Many blessings,
> >David
> >
>
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> Adams
> >
> >  "Every thought is a prayer.
> >   Every prayer is answered"
> ......................Dr. M.T. Morter
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