Five reasons why to start an Aircraft Brokerage

Perhaps you've been considering a career change and are looking for an industry with room for growth. Or maybe you're already in the aviation industry but are ready to start your own business. Whatever the case, starting an aircraft brokerage may be the perfect fit for you. Here are just a few of the reasons why:

1. The aircraft broker industry is not saturated

There are a lot of industries out there that are saturated; for example, there are a bunch of realtors and marketing agencies, but when was the last time you met an aircraft broker? Exactly, The aircraft broker industry is not one of them; This means less competition to get clients and more opportunities to grow your business.

2. No FAA license is required

You don't need special licenses or certifications to become an aircraft broker. As long as you have a deep understanding of the aviation industry and the sales process of an aircraft, you'll be able to get started immediately. Even though you don't need an FAA license or certificate, you might have to register your business with the state. Check out our article "Do you need a license to become an aircraft broker?"

3. Low overhead

Overhead costs can be a killer when starting a business, but fortunately, they're much lower to get started as an aircraft broker. For example, you won't need to worry about maintaining a brick-and-mortar location or hiring a bunch of employees; you only need a computer and an internet connection. But to stay competitive as a broker when helping clients buy or sell turboprop or jet aircraft, you will need research tools such as JetNet, which can get expensive, but it is optional to get started since most new brokers start with piston aircraft.

4. High-profit margins

In addition to low overhead costs, aircraft brokers also enjoy high-profit margins. As a result, selling airplanes is a highly lucrative business. Commission fees range from 1%-10% depending on the aircraft type and demand. As a result, you can make a lot of money without investing a fortune upfront.

5. Room for growth

The sky's the limit when it comes to growing your aircraft brokerage. As you build a client base and establish yourself as a trusted authority in the industry, you will have numerous opportunities to expand your business and increase your profits. For example, you can manage aircraft or start an aircraft dealership.

These are just a few reasons why starting an aircraft brokerage is a great idea. This is the right choice if you're looking for a lucrative business opportunity with low overhead and high growth potential, and Aircraft Broker Academy is here to help you along the process.