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.
|Min Startup Costs||Max Startup Costs|
|Office Space Expenses||$0||$7,000|
|Employee & Freelancer Expenses||$151||$352|
|Business Formation Fees||$600||$4,700|
|Equipment & Supply Expenses||$63||$200|
|Advertising & Marketing Costs||$75||$5,036|
|Training & Education Expenses||$0||$1,000|
|Total Startup Costs||$1,274||$28,572|
|Cushman & Wakefield||cushmanwakefield.com||#55,615|
|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|
|Celebration FL Real Estate & Homes for Sale||larosarealty.com||#904,936|
|Bradford Commercial Real Estate Services||bradford.com||#914,529|
Pros & Cons
|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.|
|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.|
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.
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.
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.
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
Get our 5-minute email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.