How to Make Money – Find Your Friend a Job
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Abstract:
Finding jobs for former colleagues may just be the easiest way to make decent money without a lot of overhead. No widgets to ship, no inventory to buy, no photographs to post, and it costs very little time to send an email to a recruiter.
Very recently I was part of a mass layoff at a nationally known online financial company. The company will not be revealed in this article to protect the guilty.
20% of the company was let go on one Friday morning a few weeks ago. 440 people to be exact. Getting let go from any company is very humbling because we tend to take the cuts very personally. Well, yeah, you no longer have an income -- that's pretty personal!
As I dust of my resume to look for another job, I have been investigating the concept of contracting. This is similar to being a consultant in that you service a client, rather than an employer. You're paid through the contracting company for every hour that you work.
I'm in week three of job hunting, and I hate it. I hate preparing for the interviews and I hate talking about myself. I guess I'm not much of a sales person but rather believe the "proof is in the pudding." I deliver results and I do it as efficiently as I can. Prospective employers or clients don't know that, however, so I'm polishing my interviewing skills as I go through this phase in my life.
Because I have an information technology background, I happen to know a lot of people (440 people) that are all looking for jobs. As I began talking to different contract companies, it occurred to me that I could probably help my former colleagues by asking what other jobs are available in design, quality assurance, development, and the like.
It turns out, the job market is pretty good right now so these contracting companies have quite a bit of opportunities. One of the recruiters mentioned to me that they offer a finder's fee if I refer someone that gets place in a job.
"REALLY??? How much money is the finder's fee?" I ask.
The recruiter responds "It could be $500, $750, or $1,000 depending on the skill-set."
"Hmmmm.... that could be a nice part-time gig. But do I need to be an employee already to make the referral?" I inquire.
"Nope, we just need help finding the people to place."
Although I'm still diligently looking for my next 5x5 cubicle space that brings me in a paycheck, I have begun networking with my former colleagues. I figure that if I can place five former colleagues at $500 each, that's a cool $2500. Finding jobs for former colleagues may just be the easiest way to make decent money without a lot of overhead. No widgets to ship, no inventory to buy, no photographs to post, and it costs very little time to send an email to a recruiter. I'm curious to see if it's really going to be this easy. I'll post back my results. In the meantime, start recruiting your colleagues, friends, and family to make money. Ask your employer for their employee referral program details. If your employer doesn't have a program, inquire with some contracting companies in your area.
Happy Referring!
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