Q my businesses and my clients. If you want to build relationships that work for you before you need them, go get this guide right now. The link is in the show notes. Okay, let's get back. What do you think is more lucrative? Being the person that has the business people refer to or being the person who refers with the assumption that they're doing it for like a commission?
A Oh, well, um, I, I guess it just, it depends on the numbers. I mean, generally speaking, the person who's receiving the referrals Should theoretically, if pricing is right, everything is right, should be the one is, uh, receiving the, the biggest benefit for that. Uh, with that said, if there is a re is, if there's a relationship where they refer or the introducer is compensated, that can be lucrative. Um, it, it depends a lot on business models too, right? Cause so for instance, there are some situations where I have relationships where I am an affiliate. I will refer, I will make an introduction. I receive some Compensation for that. Uh, I believe in the product service that I'm referring, so it really, it's not cheapening, uh, the fact that I get some compensation for that. That's something you have to be aware of. Uh, I usually am very transparent around that if I'm receiving compensation from this recommendation, but I also say, look, I wouldn't do it had I not vetted them and feel good about, you know, what they, they will deliver, et cetera, et cetera. Um, and then it, a lot of it depends, of course, on the industry. I know the folks that you work with that, that's a very popular model to have, you know, commission to have compensation for that. I just think it should be transparent. I think that's the most important thing. Um, because sometimes when clients or customers…
AI assessment note: “person who's receiving the referrals Should theoretically... be receiving the, the biggest benefit”