Dick MC Mahon

Archive for the ‘Business Broker Training’ Category

Many people are looking for new opportunities to start their own home-based businesses.  The big ticket broker is a great new business that you can start at home with little start up costs.  A big ticket broker assists people in liquidating their large or expensive items such as boats, cars, houses or recreational vehicles.  With a dwindling economy many people want to sell some of their items so they can use the money in other ways.  Big ticket items are often difficult for owners to sell on their own.  The big ticket broker can assist in online marketing for their items.

A big ticket broker is someone who facilitates the liquidation of big ticket items primarily through Internet sales.  A big ticket broker learns the marketing skills needed to sell these large items quickly and easily online.  You can become a big ticket broker with little more than a good computer and an online connection.  Clients seldom have the time or skill to sell their big ticket items online.  The big ticket broker is a welcome facilitator who for a small fee can help list the item for a fast online sale. 

While marketing skills are helpful you really don’t need to have any prior experience in order to be successful as a big ticket broker.  You can start your business with very little money and will be able to set your own schedule.  You can work as much as you want to.  Many people start by working their new online business part time to supplement their current income.  As your business grows you can turn your business into a full time online business.  This allows you to work your own hours and set your own schedule making it ideal for those with families.

You’ll find that the big ticket broker assists people in selling assets and getting the immediate money they need.  While some assets can seem difficult to sell the online marketplace offers the ability to attract the best and most suitable buyers for all types of high end merchandise.  There is always a market for these types of items.  As a big ticket broker you can place online advertising using photos, video clips or commercials to produce the results necessary.  Potential buyers can view distinctive and precise information without leaving home. Buyers can be located anywhere in the world. You’ll be able to reach the buyers who are looking for these types of items while helping the sellers reach their best market.

The only thing you need to start a successful online big ticket broker business is a PC and the drive to be successful.  There are new online sites that are specifically designed to cater to these types of services. You’ll find information about how you can easily become a big ticket broker and they will get the tools that are necessary for you to succeed.  This online marketplace is a unique site to market big ticket items as well as to shop for large ticket items.

Often, people will confuse the profession of business brokerage with the sale of real estate.  Although there are similarities on the surface, there are in fact many differences.  Business brokers usually serve a much broader geography since, unlike real estate; a business broker needs to understand a company along its industry and valuation parameters.

Neighborhood location has much less to do with a business valuation than a neighborhood might have for a house in the suburbs.  This article will explore some of the reasons a business broker usually serves a much larger territory than the typical ‘real estate agent’.

Business Brokers Usually Work an Asset Class

As mentioned, a realtor may be familiar with the market for real property in a city or neighborhood and they may make much effort to familiarize themselves with local market issues which drive values.  A business broker may focus much less on geography per se, since their focus is dominated by the size of the business and industry.  As an example, an business intermediary who specializes in businesses valued less than $5 million may be familiar in the business resale market in a very large area such as a territory from Toronto to Kitchener, Hamilton and Niagara Falls, Ontario.  The point is that a business brokerage professional need not necessarily limit their practice to only one city when the reality is that they will probably serve their clients much better by having a regional focus.

There are Fewer Businesses than Houses

The other point to consider is that there are far fewer businesses listed for sale than there are homes.  As well, a business sells much less frequently than a piece of property might.  For this reason, a business broker would have a broader geographic focus in order to do a sufficient volume.

Multiple Company Locations

Sometimes a business broker will encounter a situation where a business for sale has multiple locations.  A competent business intermediary should be able to serve this type of client at a regional level.  For instance, an owner of a franchise food business with multiple locations looking to sell the business would prefer to deal with a professional with a broader geographic focus.  Another example would be an enterprise that has clients throughout the province of Ontario.  Such a venture would also benefit from a business brokerage professional that has a broader outlook.

Buyers Come from All Over

The other reality is that business buyers are not geographic-centric.  For example, a prospective buyer may be interested in a business for sale in Toronto but they may live in Oakville.  This person will not merely limit their search for business listings in Oakville, they will search throughout the entire GTA.  If they were buying a home, however, they very well might limit their search to primarily Oakville.  The point is that buyers of small businesses tend to broaden their horizons geographically when viewing business listings so a business broker who understands this will naturally broaden the marketplace they cover.

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