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re: Spinoff :Negotiating With Another Company - Need Help

Posted on 2/12/14 at 9:59 am to
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5856 posts
Posted on 2/12/14 at 9:59 am to
quote:

what business are you in? my rule of thumb is about 10%, but it really depends on what you're selling.


I am not moving, just a follow up post to the gent that was thinking he was taking all his customers with him. I tend to agree with you. Most of my/our customers are making more money than they ever dreamed and most don't want to upset the apple cart no matter how much they like me/current company and products.

I am in the landscape goods coating business.ie colored mulches, turf spray, etc
Posted by Shenanigans
Spring Hill, TN
Member since Nov 2012
2394 posts
Posted on 2/12/14 at 10:04 am to
I left my first company (a value added reseller of IT equipment, like a mom and pop CDW) and went to work in a completely different industry. About 8 months into the new job, some former colleagues had opened up their own mom and pop selling IT equipment. I agreed to do some 1099 work for them, commission only, and successfully brought over around 75% of my targeted former clients. I did not attempt to bring over all my customers, just the big ones, but it was pretty easy based off of the relationship we had, even if we hadn't spoken to each other in almost a year.

I think it depends on the industry and your relationship with past clients, but 40-50% is probably a more realistic assumption.
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