Business Idea

Start A Lease Brokerage Business

About

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.

Want to learn more? You can check out our full guide on how to start a lease brokerage business ➜

Key stats

market size
$165B
starting costs
$18.5K
gross margin
56%
avg product price
$150
time to build
11 months
work from home?
Yes

About

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.

Want to learn more? You can check out our full guide on how to start a lease brokerage business ➜

Key stats

market size
$165B
starting costs
$18.5K
gross margin
56%

 

avg product price
$150
time to build
11 months
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $525 $5,500
Website Costs $232 $6,500
Business Formation Fees $600 $4,700
Software Expenses $150 $3,019
Advertising & Marketing Costs $75 $5,036
Training & Education Expenses $0 $1,000
Other Expenses $0 $800
Total Startup Costs $1,617 $35,305

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 within your lease brokerage 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 or get to work with for your 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 lease brokerage business becomes an integral piece of their every day lives.
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 duties will be in your hands. Although this is not necessarily a negative thing, it's important to understand that your work-life balance may be a bit unbalanced 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 a lease brokerage business and any online business, there is little physical interaction, which means it can be a lot more difficult to establish trust and clout with your customers. You'll need to go the extra mile with your customer to grab their attention as soon as they reach your site + assure them that your brand is legit and trustworthy.
Impatient customers Your lease brokerage business may offer an engaging user experience for your customer, but it's important to note that customers expect a lot when it comes to your product, and are more likely to become impatient with you and your product if there are any bugs or equipment breakdowns.
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 Starting a lease brokerage business involves quite a bit of expensive equipment. Over the years, your equipment will be damaged, will break down, and will need repairing 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

    An affiliate program is a way to reward people outside your organization to share your product.

  • 2

    Word of mouth

    The most tried and true way to grow a lease brokerage business is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to lease brokerage business.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜