Advertisement Business Idea: Advertisement Broker
Experience for Advertisement Broker business:
It is nice but not mandatory, if you have already experience in advertising sector. Or it will be nice you have worked ever as relationship manager etc… But at least you should have good negotiation skill.
Skill required for Advertisement Broker business:
Negotiation, Communication, Creative Thinking, Critical Thinking, Personal Presentation Skills, Verbal Communication, Effective Speaking, Active Listening, Reflecting, Innovation Skills, Risk Management, Decision Making, Managing the Event
Investment required for Advertisement Broker business:
1000$ - 5000$
Planning and Strategy required for Advertisement Broker business:
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You will be the medium between the advertising spots like radio, newspaper and the potential clients (whose advertise will display)
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Contact for the radio station, newspaper for the advertisement.
Find out the costs for various options. Example in radio station what is the rate for the 100 ten seconds advertisement, or 300 ten seconds advertisements etc. In Newspaper what is the advertisement cost for the various spaces.
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Note down all the rates based on the various medium like radio, newspaper etc., and then type of advertise, then the cost like this.
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Next step is finding out the small to medium scale clients.
Most of the cases, small scale clients have not much visibility towards the advertisement. It means where to advertise and what to advertise they are not much clear.
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Your responsibility to understand the benefits of advertisement and sell your advertisement which you have already gathered from the various media like radio, newspaper etc…
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How you can get profit is by purchasing more number of advertise space, you will get a good discount price which the individual client will not get directly from the media. But you can provide the advertise space with a little cheaper price to the client as you have purchased a discounted price.
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In this case, you will get the client for the long run and your business to collect more advertise from various media.
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Location required for Advertisement Broker business:
No constraint, you can work from home with a flexible time.
Infrastructure required for Advertisement Broker business:
Cost / Return on investment required for Advertisement Broker business:
Marketing / Selling required for Advertisement Broker business:
Challenge n Risk required for Advertisement Broker business: