Start A Commercial Real Estate Guide Business - Business Ideas

Updated: September 15th, 2022
Start A Commercial Real Estate Guide Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

A real estate guide is the liaison between commercial property buyers and sellers. The commercial real estate guides are responsible for finding the potential property, listing a property, negotiating prices, and much more roles within the real estate industry.

Starting a commercial real estate guide business requires good industry knowledge. Know who are the potential buyers and find ideal commercial properties for sale or lease within your area.

As a commercial real estate guide, you may earn commission from the property sellers or charge the buyers a convenience fee for helping them find the ideal property faster and efficiently.

Rapid urbanization across the globe is one of the factors driving the demand for commercial spaces in major cities and towns. Therefore, investors are searching for local commercial real estate guides to assist them in finding ideal locations for their businesses.

Starting a commercial real estate guide business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell commercial real estate guide, or selling commercial real estate guide online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$2.69T
starting costs
$11.7K
gross margin
90%
time to build
210 days

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$150

$250

Website Costs

$223

$7,015

Business Formation Fees

$600

$4,700

Software Expenses

$162

$2,894

Advertising & Marketing Costs

$0

$1,400

Total Startup Costs

$1,135

$23,259

Successful Businesses

Business URL Rank

Best of LUXURY REALTY

bestofluxuryrealty.com

283,172

BOMA

boma.org

524,286

LACDB

lacdb.com

615,330

CLA Real Estate Corpus Christi

clarealtors.com

655,772

CIMLS

cimls.com

794,595

Rhode Island Living

riliving.com

854,088

Minnesota Commercial Real Estate

minnesotacommercial.com

879,010

myelisting.com

myelisting.com

965,173

Wolf Commercial Real Estate

wolfcre.com

1,363,602

Mid-America Real Estate Group

midamericagrp.com

1,861,170

OcalaCommercial

ocalacommercial.com

1,947,900

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a commercial real estate guide business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.

Rewarding work

Starting a commercial real estate guide business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

No overhead costs

To get your commercial real estate guide business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

Cons Description

Crowded Space

Competition is high when it comes to your commercial real estate guide business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Longer Sales Process

A commercial real estate guide business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

Work can be inconsistent

As a commercial real estate guide business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

Lack of benefits

With a commercial real estate guide business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a commercial real estate guide business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a commercial real estate guide business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.