Start A Lease Brokerage Business - Business Ideas

Updated: September 15th, 2022
Start A Lease Brokerage 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 leasing broker is a professional or a firm that arranges lease transactions involving commercial and industrial equipment. The lease broker has to be experienced in locating prospective lessors and advising the clients on current market conditions.

To become a lease broker, acquire the necessary certifications and focus on building your network of contacts.

Starting a lease brokerage business requires a great deal of effort, dedication, and most importantly passion.

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

Key Stats

starting costs
$14.4K
gross margin
56%
avg product price
$150
time to build
330 days
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Equipment & Supply Expenses

$63

$200

Software Expenses

$162

$3,069

Advertising & Marketing Costs

$75

$5,036

Training & Education Expenses

$0

$1,000

Total Startup Costs

$1,274

$28,572

Successful Businesses

Business URL Rank

Cushman & Wakefield

cushmanwakefield.com

55,615

Commercial Exchange

commercialexchange.com

214,212

theBrokerList

thebrokerlist.com

238,360

Stan Johnson Company

stanjohnsonco.com

282,545

Your Easiest Way to Lease

carlease.com

333,723

United States Commercial Real Estate Advisor – Avison Young

avisonyoung.us

400,653

Commercial Real Estate Company

transwestern.com

469,451

Commercial Real Estate Training

commercial-realestate-training.com

491,490

Optimal Spaces

optimalspaces.com

861,788

Celebration FL Real Estate & Homes for Sale

larosarealty.com

904,936

Bradford Commercial Real Estate Services

bradford.com

914,529

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!

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.

Traffic to your website

A lease brokerage business gives people a reason to visit your website and to keep coming back to you!

Meaningful business connections

You never know who you will meet as a lease brokerage business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Cons Description

Taxes

As a lease brokerage 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.

Time commitment

With starting a lease brokerage business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

Difficult to build trust with your customer

With starting a lease brokerage business, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.

Impatient customers

You may offer an engaging user experience for your customer, but customers expect a lot and may be impatient if they aren't pleased with your product or service.

Learning Curve

When you start your own business, you no longer have upper management to provide you with a playbook for your roles and responsibilities. You should know the ins and outs of every aspect of your business, as every decision will come down to you.

Equipment Breakdowns

Over the years, your equipment can get damaged, break down, and may need repairs which can be expensive. It's important you prepare for these expenses and try to avoid damages/wear & tear as much as possible.

Marketing Ideas

  • 1

    Affiliate Program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

    Learn more about affiliate program ➜

  • 2

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

    Learn more about word of mouth ➜

  • 3

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

    Learn more about social media advertising ➜