How to open an information brokering business



The profession of an information broker is definitely among the most dynamically developing professions in the US. The work of an information broker involves searching for and selling various data. Such qualified specialists are either employed by large corporations or work as the freelancers. The information brokering service can be particularly useful for companies that are planning to launch a new product and need to conduct a thorough and in-depth analysis of a given market sector. Additionally, information brokers are responsible for monitoring and browsing the press and the Internet according to the topics specified by the customer.

Theoretically, to become a professional information broker no special requirements need to be fulfilled. Nevertheless, holding a Master’s degree in the field of library science can be helpful. Additionally, a successful information broker must be familiar with different databases and must be able to search the Internet efficiently. A very important matter is also a perfect command of foreign languages (especially English). Other useful skills in the work of an information broker include creativity, perfect organizational skills, responsibility and diligence.

An information broker who works as a freelancer can offer their valuable services to large marketing companies, enterprises seeking for the customers abroad, banks, law offices, pharmaceutical companies, research centres etc. According to the information brokering specialists the easiest way to acquire contracts is sending cooperation proposals to large international corporations.

The range of information that an information broker can obtain is virtually unlimited and include among others factual, economic, demographic and legal information.

Start-up costs?

Establishing an information brokering company does not involve high start-up costs. The necessary requirement is purchasing a laptop computer and a printer. Additionally, we have to subscribe to different databases to gain access to different kinds of useful data. The total start-up cost of an information brokering company varies from $4,000 to $8,000.

Possibility to work from home? 

Yes

Possibility to work part time?

Yes.

Possibility to enter into a franchise agreement?

No.

Possibility to work remotely?

Yes.

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