Judge my new business idea

7 replies
I recently brokered a deal on the sale of a Ferrari that sold for $145,000 for someone I know. I marketed it for him, a buyer came from out of state and bought it, and I got a commission that was agreed upon.

I want to start doing this on a regular basis for people who are selling there high end cars but don't have the time and knowledge to market and find a buyer. Does this seem like a good business to start?
#business #idea #judge
  • Profile picture of the author Nick Lotter
    Sounds like a freelance marketing business. If you have the knowledge and skill to sell cars, and there's a market for people who have expensive cars to sell but don't have the time to do it, why not? But I would say, ask yourself what you can offer that sets you apart from regular retailers? As long as you are clear in your own mind about what makes your service better / more valuable, and you have done your market research to test your assumptions, I would say be positive and go for it.

    I know of some people who set themselves up as freelance marketers and don't focus on a specific niche. They have a client base who asks them to source something (anything) for them, and then they pay a commission for sourcing and securing it. Sounds similar to what you're thinking of, but you want to specialize in a specific niche (high end cars). Test it out on a part time basis and see what happens!
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    "Do not wait to strike until the iron is hot; but make it hot by striking."
    William Butler Yeats
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  • Profile picture of the author jdjenkins
    Many people make a living brokering car deals like that. As long as you know plenty about what you're selling, you can do well,

    cheers,

    Jon.
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  • Profile picture of the author Sara20
    Originally Posted by NeedLeads View Post

    I recently brokered a deal on the sale of a Ferrari that sold for $145,000 for someone I know. I marketed it for him, a buyer came from out of state and bought it, and I got a commission that was agreed upon.

    I want to start doing this on a regular basis for people who are selling there high end cars but don't have the time and knowledge to market and find a buyer. Does this seem like a good business to start?
    For the first, don't judge yourself , and I think your are right! But why not? It is your job, and you develop your skills and get a money for this! I think it is a good business start! If I have such possibility, I will do it the same!
    " THE WIN IS NOT JUDGE"
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  • personally, i think its not a really great way of making steady income. UNLESS, you have established a good amount of rep.

    There are lots of car brokers out there but what do you think or what sets you apart from others? So i think its pretty ideal as a side job and pick up from there. build your reputation and possibly.

    Post on craigslist.

    Here's another thing, you can try creating an FB group page. Buy and sell cars from there, get people to follow you, target locally first. Work your way out.
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  • Profile picture of the author bizwisard
    It sounds to me that you have already seen success and are second guessing that success as a fluke somehow ,,,,,,,,Do not second guess yourself ,YOU CAN SEE THAT YOU ALREADY CAN DO IT.....

    " GO FOR IT"
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  • Profile picture of the author Regional Warrior
    Originally Posted by NeedLeads View Post

    I recently brokered a deal on the sale of a Ferrari that sold for $145,000 for someone I know. I marketed it for him, a buyer came from out of state and bought it, and I got a commission that was agreed upon.

    I want to start doing this on a regular basis for people who are selling there high end cars but don't have the time and knowledge to market and find a buyer. Does this seem like a good business to start?
    If you want to asked the experts and not some MMO so called experts asked the mods to move this to the right forum as in Offline that way you will either get an answer you done want see or an answer that you cant afford
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  • Profile picture of the author Randall Magwood
    You can probably make this work. I would do offline marketing though, direct mail in particular. You will want to research something called the SRDS.
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