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Matt Schwartz

๐Ÿ‘ค Speaker
185 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

It was the come home pitch.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Put a stamp on something that, again, had never existed.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

And he's done a phenomenal job and has been there for a number of years now.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

So we charge 30% of the first year's total compensation.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

So that's base plus estimated target bonus.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Great question.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

It gets paid in a third up front.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

A third is invoiced after 30 days.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

And then the last third is due upon completion of the search in our case.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Correct.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Again, the last third is due upon completion.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

So we skin in the game to make sure we're hustling and aren't waiting around for months and months and months.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

So they like that in a lot of cases.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

But a lot of our competition actually bills the entire fee within 90 days, regardless of where they're at in the search.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

Fascinating.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

philosophy internally that first of all, the client is seeing results within the first three weeks.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

So they can feel comfortable that, hey, I know the next invoice is due, but we know these guys are on it.

SaaS Interviews with CEOs, Startups, Founders
EP 418: Executive Recruiter Made $1.1M 2015, Super High Profit Margin with Matt Schwartz of MJSearch.com

We've already seen their thinking.