Brokering is a fine art. You need to find the right product and then you need to find the right market. It is not as bad as it is made out to be.
Everyone knows what brokering means – to arrange something such as a deal, agreement, etc. between two or more groups or countries.
It is a bit like affiliate marketing but usually on a bigger scale. Think about an Estate Agent – they broker the deal between buyer and seller and take a commission for their work.
Think about brokering in the real world; on the Internet it means the same thing.
Essentially, you do not have a product of your own here, but you have a product that belongs to someone else which you promote. You find customers for it and you get paid commission for effectuating the sale. The seller pays you the commission, which could be moderated through a site.
There are many ways in which brokering happens.
The commonest route is through the middleperson approach. You do not own the product, but you just promote it and bring about the sale. Usually, when you are the middleperson, you earn commissions from the buyer and the seller both. But the main thing is that the sale must work out to the very end.
It must close. Failed sales do not pay you anything for your efforts.
Joint Venture (JV) partner brokering is another subset within this main theme.
Here you bring about joint venture collaborations between different marketers. These collaborations are the spine of most online businesses. People come together to make up for what they lack. If you become instrumental in getting the right people to partner with each other, there are various ways in which you can benefit. You can get paid for your services or you can get a share of the business that is to happen.
Another type of brokering is Service Brokering.
Here you find the right service people to carry out services for others who need them. You could find them through online freelance sites, or you could approach some people directly.
Here are some sites where you could learn more about brokering and even join into the opportunities.
- http://www.eliteservices.org/content/joint-venture-opportunities
- https://cpinvest.co.uk/joint-venture/
- https://sooofinc.com/
- https://www.infoentrepreneurs.org/en/guides/joint-ventures-and-partnering/
There are many opportunities out there, but it is IMPORTANT to fully research before ever putting any money into a JV. Always seek professional advice.
Brokering may not bring you a large amount of income. There is a lot of networking involved and you need to have some contacts, or at least put in the time to build contacts. However, it is a good opportunity – and a moneymaking one too – if you can devote the time and the effort for it.
Phoenix Education 