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One of the questions I get asked all the time is whether consultants should be paid for referring business to someone else.
The answer is yes, but I understand the hesitation. Asking for compensation can feel awkward, especially when all you're doing is making an introduction.
But here's the way I think about it: when you refer someone, you're creating value for everyone involved. You're helping a consultant find an opportunity they may not have found on their own, and you're helping a client find someone trustworthy to solve a problem.
That's not just an introduction; it's value. Referral fees are simply a way to recognize that value.
In this podcast episode, I answered some of the most common questions I hear about referral fees.
By Lauren Wambold PatelOne of the questions I get asked all the time is whether consultants should be paid for referring business to someone else.
The answer is yes, but I understand the hesitation. Asking for compensation can feel awkward, especially when all you're doing is making an introduction.
But here's the way I think about it: when you refer someone, you're creating value for everyone involved. You're helping a consultant find an opportunity they may not have found on their own, and you're helping a client find someone trustworthy to solve a problem.
That's not just an introduction; it's value. Referral fees are simply a way to recognize that value.
In this podcast episode, I answered some of the most common questions I hear about referral fees.