I've posted a couple of business ideas here before now, and I really appreciate all the responses you've given me. It's been a great help :)
I've got another one for you, if you'll let me pick your brain for a few minutes ;)
Do you think I can build a good business by earning finder's fees--finding buyers for sellers?
I would be focusing on used heavy equipment.
I LOVE machinery of all descriptions; it's always been a passion of mine--especially heavy off-road equipment. I love every aspect of it: design, operational safety & techniques, operational theory, field use (and stories), maintenance, fabrication, manufacturing, repair, sales, etc.
My background/experience with selling used heavy equipment is with agricultural equipment (tractors) and smaller machines.
But I learn quickly, I love talking with and helping people who buy, sell and operate heavy equipment, and I sincerely want to help sellers find buyers.
Here's my rough business & procedural plan:
--1. Register an appropriate business name locally
--2. Register my business name online as a domain, and set up an email with that name, to lend myself credibility and a professional approach (example: josh @joshcampbellequipment. com) Also, can set up a blog there, where I can blog about my interests in heavy equipment/equipment, sales, and related topics, AND (later) feature testimonials of satisfied clients to establish added credibility.
--3. Locate reliable, reputable buyers, and confirm exactly what they are looking to buy, price range, etc.
--4. Locate owners and dealers who are trying to sell a piece of used equipment on sites like Craigslist and specific online machinery classifieds
--5. Use a realistic, genuine approach to start conversations with sellers, so that I can eventually offer them a helpful service, even though it would technically be "unsolicited."
--6. Once a seller wants my services, we will exchange letters, mutually agreeing to simple terms (including commission to be paid) in writing.
--7. At that point, I provide the buyer's complete contact information to the seller, and I leave the picture. IMPORTANT NOTE: The seller and the buyer work a deal themselves, or not at all. I would not be acting as a dealer, an agent, or a representative in any capacity. All I'm doing is selling qualified contact information that I have worked to obtain and verify.
--8. If there is a transaction, the seller notifies me, and pays me the previously agreed-upon finder's fee.
Then, I repeat steps 5 through 8. And, in the meantime, I would always be increasing the number and quality of my buyer contacts.
So...
What do you think?
I believe there is a market inefficiency, with so many people who are too busy to locate qualified buyers, weed out the dead-ends and unqualified buyers, and bring buyers to sellers.
Even though there are many websites and publications out there where sellers can list heavy equipment, I see a lot of good, used machinery that just never gets sold.
In a nutshell...
Many sellers and buyers are too busy to put the work into finding each other, and websites and publications don't always do the job of moving equipment; I believe I can help!
Do I have a viable business model here?
I've got another one for you, if you'll let me pick your brain for a few minutes ;)
Do you think I can build a good business by earning finder's fees--finding buyers for sellers?
I would be focusing on used heavy equipment.
I LOVE machinery of all descriptions; it's always been a passion of mine--especially heavy off-road equipment. I love every aspect of it: design, operational safety & techniques, operational theory, field use (and stories), maintenance, fabrication, manufacturing, repair, sales, etc.
My background/experience with selling used heavy equipment is with agricultural equipment (tractors) and smaller machines.
But I learn quickly, I love talking with and helping people who buy, sell and operate heavy equipment, and I sincerely want to help sellers find buyers.
Here's my rough business & procedural plan:
--1. Register an appropriate business name locally
--2. Register my business name online as a domain, and set up an email with that name, to lend myself credibility and a professional approach (example: josh @joshcampbellequipment. com) Also, can set up a blog there, where I can blog about my interests in heavy equipment/equipment, sales, and related topics, AND (later) feature testimonials of satisfied clients to establish added credibility.
--3. Locate reliable, reputable buyers, and confirm exactly what they are looking to buy, price range, etc.
--4. Locate owners and dealers who are trying to sell a piece of used equipment on sites like Craigslist and specific online machinery classifieds
--5. Use a realistic, genuine approach to start conversations with sellers, so that I can eventually offer them a helpful service, even though it would technically be "unsolicited."
--6. Once a seller wants my services, we will exchange letters, mutually agreeing to simple terms (including commission to be paid) in writing.
--7. At that point, I provide the buyer's complete contact information to the seller, and I leave the picture. IMPORTANT NOTE: The seller and the buyer work a deal themselves, or not at all. I would not be acting as a dealer, an agent, or a representative in any capacity. All I'm doing is selling qualified contact information that I have worked to obtain and verify.
--8. If there is a transaction, the seller notifies me, and pays me the previously agreed-upon finder's fee.
Then, I repeat steps 5 through 8. And, in the meantime, I would always be increasing the number and quality of my buyer contacts.
So...
What do you think?
I believe there is a market inefficiency, with so many people who are too busy to locate qualified buyers, weed out the dead-ends and unqualified buyers, and bring buyers to sellers.
Even though there are many websites and publications out there where sellers can list heavy equipment, I see a lot of good, used machinery that just never gets sold.
In a nutshell...
Many sellers and buyers are too busy to put the work into finding each other, and websites and publications don't always do the job of moving equipment; I believe I can help!
Do I have a viable business model here?
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