How much would you charge people for turning their business around and saving them from bankrupcy?
As some of you may know I went to the UK last year. This year I returned to Spain, but was a late comer to the start of the tourist season and so could not find a job.
I decided that if I could not find work, I would go out and create work. After making a deal with a local ‘restaurant / bar / club’ in my area, I started working for them on a commission only basis as a public relations person.
We agreed that I would be paid $1 (euro) for each customer I sent to them. The first day zero customers went there, and I earned zero, but I pushed on and kept trying. The second day 6 people went there, and I earned six bucks. The third day about 20 people went there and I earned 20 bucks.
Yesterday however, due to new tactics of mine, over 200 people showed up and they had to turn some customers away. This morning when I went in to work, they were still full to almost maximum capacity.
Now, I am not interested in negotiating a new deal with them. A deal is a deal and I’m not going to start charging them more out of greed. However, I would be interested in knowing what a realistic price would be for this service, with a view of doing the same for other failing restaurants and bars in other non competing areas.
So, what would be a reasonable fee, for a “no win no pay” commission based service, that specializes in turning around failing restaurants, clubs and bars.
The restaurant I am working for now, has gone from zero to ten customers a day, up to several hundred customers a day, so it is safe to say they are happy.
I believe the reason I am having success were others have failed, is because of a couple of techniques I ‘pioneered’ so to speak, and while it is early days yet, I think I could do the same for other places on the island.
So, what is a reasonable and realistic amount to charge someone for turning their soon to be bankrupt restaurant, in to one of the busiest ones in the area?
Would such a service be worth a significant cut of the profits? or should I just be happy that I’m getting a good deal already? (at $1 a head)