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RE: [prbytes] Is anyone familar with performance-based fees

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  • webmaster@suchmuch.com
    Dear Pete, Go with a hybrid model: a fixed rate performed at cost of operation, (assign some sort of client-driven aspect back to client: even average
    Message 1 of 8 , Jan 20, 2004
      Dear Pete,

      Go with a hybrid model: a fixed rate performed at cost of operation, (assign
      some sort of "client-driven" aspect back to client: even average performing
      work requires a fee) plus a performance scale based on accomplishment.
      Performance basis should always reward higher due to burden of force majore,
      unpredictable market variables, etc. While the next is counter intuitive,
      make an exit agreement whereby if performance is not meet to X rate, or to
      mutual satisfaction; then you dont collect X profit and client agrees not to
      use the work invested, or a derivative there of indefinitely, or pay out a
      stated penalty cost of $X. This is to ensure that the client plays fair.

      I hope that helps.

      Steve
      Suchmuch.com



      -----Original Message-----
      From: BAKComms@... [mailto:BAKComms@...]
      Sent: Monday, January 19, 2004 7:58 PM
      To: prbytes@yahoogroups.com
      Subject: [prbytes] Is anyone familar with performance-based fees


      I have a prospect who would like some PR work but wants me to bill him on a
      performance basis, i.e., if I get a release printed in daily newspaper, I
      get
      paid XY dollars. A TV appearance, XY dollars. Can anyone share insight into
      what performance fees you charge? Thanking you in advance.

      Peter L. Mosca
      www.BAK-Communications.com
      "Enhancing REALTOR-ism in Your Local Marketplace"
      11 Spicy Pond Road
      Howell, NJ 07731
      Phone/Fax: (732) 370-2972

      The sender believes that this E-mail and any attachments were free of any
      virus, worm, Trojan horse, and/or malicious code when sent. This message and
      its
      attachments could have been infected during transmission. By reading the
      message and opening any attachments, the recipient accepts full
      responsibility for
      taking protective and remedial action about viruses and other defects. The
      sender's employer is not liable for any loss or damage arising in any way
      from
      this message or its attachments.


      [Non-text portions of this message have been removed]





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    • Kathy Maher
      Hello; I would never do it (and I have been asked). Your work is valuable and there are no guarantees. The writing alone is worth a substantial amount. Do you
      Message 2 of 8 , Jan 20, 2004
        Hello;
        I would never do it (and I have been asked). Your work is valuable and
        there are no guarantees. The writing alone is worth a substantial
        amount. Do you take a loss just because the story is not picked up? I
        would never do work on spec. I suppose it depends on how hungry you are
        but I position myself and my services as valuable. Bonuses on outcomes
        are fine but I always ensure my time is fully reimbursed.
        Kathy Maher

        ++++++++++++++++++++++++++++++++
        Kathy Maher
        Business Development and Communications
        613.453-7842



        -----Original Message-----
        From: BAKComms@... [mailto:BAKComms@...]
        Sent: January 19, 2004 7:58 PM
        To: prbytes@yahoogroups.com
        Subject: [prbytes] Is anyone familar with performance-based fees

        I have a prospect who would like some PR work but wants me to bill him
        on a
        performance basis, i.e., if I get a release printed in daily newspaper,
        I get
        paid XY dollars. A TV appearance, XY dollars. Can anyone share insight
        into
        what performance fees you charge? Thanking you in advance.

        Peter L. Mosca
        www.BAK-Communications.com
        "Enhancing REALTOR-ism in Your Local Marketplace"
        11 Spicy Pond Road
        Howell, NJ 07731
        Phone/Fax: (732) 370-2972

        The sender believes that this E-mail and any attachments were free of
        any
        virus, worm, Trojan horse, and/or malicious code when sent. This message
        and its
        attachments could have been infected during transmission. By reading the

        message and opening any attachments, the recipient accepts full
        responsibility for
        taking protective and remedial action about viruses and other defects.
        The
        sender's employer is not liable for any loss or damage arising in any
        way from
        this message or its attachments.


        [Non-text portions of this message have been removed]



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        [Non-text portions of this message have been removed]
      • rono-ocp
        Isn t this still considered unethical by the PRSA? ... From: To: Sent: Monday, January 19, 2004 6:57 PM Subject:
        Message 3 of 8 , Jan 20, 2004
          Isn't this still considered unethical by the PRSA?

          ----- Original Message -----
          From: <BAKComms@...>
          To: <prbytes@yahoogroups.com>
          Sent: Monday, January 19, 2004 6:57 PM
          Subject: [prbytes] Is anyone familar with performance-based fees


          > I have a prospect who would like some PR work but wants me to bill him on
          a
          > performance basis, i.e., if I get a release printed in daily newspaper, I
          get
          > paid XY dollars. A TV appearance, XY dollars. Can anyone share insight
          into
          > what performance fees you charge? Thanking you in advance.
          >
          > Peter L. Mosca
          > www.BAK-Communications.com
          > "Enhancing REALTOR-ism in Your Local Marketplace"
          > 11 Spicy Pond Road
          > Howell, NJ 07731
          > Phone/Fax: (732) 370-2972
          >
          > The sender believes that this E-mail and any attachments were free of any
          > virus, worm, Trojan horse, and/or malicious code when sent. This message
          and its
          > attachments could have been infected during transmission. By reading the
          > message and opening any attachments, the recipient accepts full
          responsibility for
          > taking protective and remedial action about viruses and other defects. The
          > sender's employer is not liable for any loss or damage arising in any way
          from
          > this message or its attachments.
          >
          >
          > [Non-text portions of this message have been removed]
          >
          >
          >
          >
          >
          > Yahoo! Groups Links
          >
          > To visit your group on the web, go to:
          > http://groups.yahoo.com/group/prbytes/
          >
          > To unsubscribe from this group, send an email to:
          > prbytes-unsubscribe@yahoogroups.com
          >
          > Your use of Yahoo! Groups is subject to:
          > http://docs.yahoo.com/info/terms/
          >
          >
          >
        • Ned Barnett
          I strongly recommend against any such system. Do surgeons only get paid if the patient recovers? No. It s their expertise, time and effort they get paid for.
          Message 4 of 8 , Jan 20, 2004
            I strongly recommend against any such system. Do surgeons only get paid if
            the patient recovers? No. It's their expertise, time and effort they get
            paid for. You can't know if the prospect has a story, if s/he will "play
            ball" or if the media even cares. Why should YOU take the risks?

            I wouldn't do it.

            BTW - PRSA says it's unethical. I'm accredited, but don't pay all that
            much attention to PRSA - but in this case, they're right.

            Ned

            At 07:57 PM 1/19/2004 -0500, you wrote:
            >I have a prospect who would like some PR work but wants me to bill him on a
            >performance basis, i.e., if I get a release printed in daily newspaper, I get
            >paid XY dollars. A TV appearance, XY dollars. Can anyone share insight into
            >what performance fees you charge? Thanking you in advance.
            >
            >Peter L. Mosca
            >www.BAK-Communications.com
            >"Enhancing REALTOR-ism in Your Local Marketplace"
            >11 Spicy Pond Road
            >Howell, NJ 07731
            >Phone/Fax: (732) 370-2972
            >
            >The sender believes that this E-mail and any attachments were free of any
            >virus, worm, Trojan horse, and/or malicious code when sent. This message
            >and its
            >attachments could have been infected during transmission. By reading the
            >message and opening any attachments, the recipient accepts full
            >responsibility for
            >taking protective and remedial action about viruses and other defects. The
            >sender's employer is not liable for any loss or damage arising in any way
            >from
            >this message or its attachments.
            >
            >
            >[Non-text portions of this message have been removed]
            >
            >
            >
            >
            >----------
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            > * To visit your group on the web, go to:
            > *
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          • david davis
            For information, payment by results is increasingly being used in the UK. Personally I considered such practice to be short-sighted and commercial unsound.
            Message 5 of 8 , Jan 21, 2004
              For information, payment by results is increasingly
              being used in the UK. Personally I considered such
              practice to be short-sighted and commercial unsound.
              Agencies should be financially rewarded for effort by
              people with specialist skills, etc.

              dd

              --- rono-ocp <rono@...> wrote: >
              > Isn't this still considered unethical by the PRSA?
              >
              > ----- Original Message -----
              > From: <BAKComms@...>
              > To: <prbytes@yahoogroups.com>
              > Sent: Monday, January 19, 2004 6:57 PM
              > Subject: [prbytes] Is anyone familar with
              > performance-based fees
              >
              >
              > > I have a prospect who would like some PR work but
              > wants me to bill him on
              > a
              > > performance basis, i.e., if I get a release
              > printed in daily newspaper, I
              > get
              > > paid XY dollars. A TV appearance, XY dollars. Can
              > anyone share insight
              > into
              > > what performance fees you charge? Thanking you in
              > advance.
              > >
              > > Peter L. Mosca
              > > www.BAK-Communications.com
              > > "Enhancing REALTOR-ism in Your Local Marketplace"
              > > 11 Spicy Pond Road
              > > Howell, NJ 07731
              > > Phone/Fax: (732) 370-2972
              > >
              > > The sender believes that this E-mail and any
              > attachments were free of any
              > > virus, worm, Trojan horse, and/or malicious code
              > when sent. This message
              > and its
              > > attachments could have been infected during
              > transmission. By reading the
              > > message and opening any attachments, the recipient
              > accepts full
              > responsibility for
              > > taking protective and remedial action about
              > viruses and other defects. The
              > > sender's employer is not liable for any loss or
              > damage arising in any way
              > from
              > > this message or its attachments.
              > >
              > >
              > > [Non-text portions of this message have been
              > removed]
              > >
              > >
              > >
              > >
              > >
              > > Yahoo! Groups Links
              > >
              > > To visit your group on the web, go to:
              > > http://groups.yahoo.com/group/prbytes/
              > >
              > > To unsubscribe from this group, send an email to:
              > > prbytes-unsubscribe@yahoogroups.com
              > >
              > > Your use of Yahoo! Groups is subject to:
              > > http://docs.yahoo.com/info/terms/
              > >
              > >
              > >
              >
              >
              >
              >
              >
              > ------------------------ Yahoo! Groups Sponsor
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              =====












              David Davis
              Founder
              www.mediabuddies.com

              The reunion site for the media industry worldwide






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            • Anand Menon
              I have tried that once and didnt get paid even after showing very good results, Please tread carefully. Anand. ...
              Message 6 of 8 , Jan 21, 2004
                I have tried that once and didnt get paid even after showing very good results, Please
                tread carefully.
                Anand.
                --- Ned Barnett <interned@...> wrote:
                > I strongly recommend against any such system. Do surgeons only get paid if
                > the patient recovers? No. It's their expertise, time and effort they get
                > paid for. You can't know if the prospect has a story, if s/he will "play
                > ball" or if the media even cares. Why should YOU take the risks?
                >
                > I wouldn't do it.
                >
                > BTW - PRSA says it's unethical. I'm accredited, but don't pay all that
                > much attention to PRSA - but in this case, they're right.
                >
                > Ned
                >
                > At 07:57 PM 1/19/2004 -0500, you wrote:
                > >I have a prospect who would like some PR work but wants me to bill him on a
                > >performance basis, i.e., if I get a release printed in daily newspaper, I get
                > >paid XY dollars. A TV appearance, XY dollars. Can anyone share insight into
                > >what performance fees you charge? Thanking you in advance.
                > >
                > >Peter L. Mosca
                > >www.BAK-Communications.com
                > >"Enhancing REALTOR-ism in Your Local Marketplace"
                > >11 Spicy Pond Road
                > >Howell, NJ 07731
                > >Phone/Fax: (732) 370-2972
                > >
                > >The sender believes that this E-mail and any attachments were free of any
                > >virus, worm, Trojan horse, and/or malicious code when sent. This message
                > >and its
                > >attachments could have been infected during transmission. By reading the
                > >message and opening any attachments, the recipient accepts full
                > >responsibility for
                > >taking protective and remedial action about viruses and other defects. The
                > >sender's employer is not liable for any loss or damage arising in any way
                > >from
                > >this message or its attachments.
                > >
                > >
                > >[Non-text portions of this message have been removed]
                > >
                > >
                > >
                > >
                > >----------
                > >Yahoo! Groups Links
                > > * To visit your group on the web, go to:
                > > *
                > > <http://groups.yahoo.com/group/prbytes/>http://groups.yahoo.com/group/prbytes/
                > > *
                > > * To unsubscribe from this group, send an email to:
                > > *
                > >
                >
                <mailto:prbytes-unsubscribe@yahoogroups.com?subject=Unsubscribe>prbytes-unsubscribe@yahoogroups.com
                >
                > >
                > > *
                > > * Your use of Yahoo! Groups is subject to the
                > > <http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
                >
                >
                >


                =====
                Anand Menon.Director,
                FinCapital
                # 793, Ist Floor, 12th 'B' Cross, 23rd Main,
                J. P. Nagar II Phase,
                Bangalore - 560 078 Karnataka, INDIA.
                Tel (DIR) 91 80 30619790
                Tel (Off) 91 80 30618496
                Mob: 91 80 36921995
                Email: FinCapital@...



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              • Mustafa Ozcan
                Hello I agree with Kathy. Your performance means, your work hours for company or XYZ. Your performance is not relase or appearence. That s not your problem if
                Message 7 of 8 , Jan 23, 2004
                  Hello
                  I agree with Kathy.
                  Your performance means, your work hours for company or XYZ.
                  Your performance is not relase or appearence.

                  That's not your problem if you work clearly. But, in my country many PR
                  agency, when relase something media then get the plus fee.
                  That's fee not reliable.

                  Your problem is different. I guess, if someone doing that way of PR.
                  This is not PR. This is different thing.

                  Mustafa Ozcan
                  Coordinator, Kentometre
                  �stanbul Kultur University, Turkey
                  Faculty of Fine Arts and Design
                  http://sanattasarim.iku.edu.tr/kentometre

                  Kathy Maher wrote:

                  > Hello;
                  > I would never do it (and I have been asked). Your work is valuable and
                  > there are no guarantees. The writing alone is worth a substantial
                  > amount. Do you take a loss just because the story is not picked up? I
                  > would never do work on spec. I suppose it depends on how hungry you are
                  > but I position myself and my services as valuable. Bonuses on outcomes
                  > are fine but I always ensure my time is fully reimbursed.
                  > Kathy Maher
                  >
                  > ++++++++++++++++++++++++++++++++
                  > Kathy Maher
                  > Business Development and Communications
                  > 613.453-7842
                  >
                  >
                  >
                  > -----Original Message-----
                  > From: BAKComms@... [mailto:BAKComms@...]
                  > Sent: January 19, 2004 7:58 PM
                  > To: prbytes@yahoogroups.com
                  > Subject: [prbytes] Is anyone familar with performance-based fees
                  >
                  > I have a prospect who would like some PR work but wants me to bill him
                  > on a
                  > performance basis, i.e., if I get a release printed in daily newspaper,
                  > I get
                  > paid XY dollars. A TV appearance, XY dollars. Can anyone share insight
                  > into
                  > what performance fees you charge? Thanking you in advance.
                  >
                  > Peter L. Mosca
                  > www.BAK-Communications.com
                  > "Enhancing REALTOR-ism in Your Local Marketplace"
                  > 11 Spicy Pond Road
                  > Howell, NJ 07731
                  > Phone/Fax: (732) 370-2972
                  >
                  > The sender believes that this E-mail and any attachments were free of
                  > any
                  > virus, worm, Trojan horse, and/or malicious code when sent. This message
                  > and its
                  > attachments could have been infected during transmission. By reading the
                  >
                  > message and opening any attachments, the recipient accepts full
                  > responsibility for
                  > taking protective and remedial action about viruses and other defects.
                  > The
                  > sender's employer is not liable for any loss or damage arising in any
                  > way from
                  > this message or its attachments.
                  >
                  >
                  > [Non-text portions of this message have been removed]
                  >
                  >
                  >
                  >



                  [Non-text portions of this message have been removed]
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