A Twist on Referral Commission
Posted on 22. Dec, 2010 by Paul in Blog, News, Uncategorized
The notion of referral commissions has been a longstanding practice in business. Not everyone does it, but here’s how it works in case you’re unfamiliar with the term.
E.g., Jamal owns an office furniture company and Sally owns a printing business. Jamal says to Sally, “let me know when new businesses order stationery — they may need furniture and I’ll pay you 10% if I make a sale”. Often it is a reciprocal relationship.
So what does that have to do with Networking? Well this gentleman has incorporate Referral Commission into his job search — creatively enough to get onto CNN’s 30-Second Pitch!
How can you borrow ideas from other industries or realms to help you move ahead?
"It's not what you know or who you know... It's who knows, likes, and trusts you!"
-- Paul Aaron Travis
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