Why brokers ignore most buyers
Once you start looking at real deals, this comes up fast. Business brokers. If youâve reached out to a few already and felt ignored, slow-walked, or brushed off, youâre not doing anything wrong. This is just how the system works. Business brokers are a lot like realtors. There are some very good ones, and there are plenty that are sloppy, slow to respond, or purely transactional. Itâs a mixed bag. Hereâs the part most buyers misunderstand: Brokers are not focused on building relationships with buyers. Theyâre focused on selling the business they represent. They get contacted all day, every day by people saying: âIâm interested.â âLooks cool.â âCan you send more info?â Most of those people are not serious buyers. Brokers donât know whoâs real and who isnât, so they default to treating everyone transactionally. Thatâs normal. Iâve taken brokers out for coffee. Iâve tried to build relationships. Even while actively buying businesses, that hasnât always translated into special treatment. If thereâs a deal I really like, Iâm persistent. Iâll call multiple times in a day to get someone on the phone. Not because Iâm being aggressive, but because thatâs what seriousness looks like in this market. Hereâs what actually changes how brokers respond: You package yourself clearly You know what youâre looking for You follow up consistently You donât take slow responses personally Theyâll send the NDA. Theyâll send the information. Theyâll work with you. But you may need to push the process forward. If youâre expecting enthusiasm or hand-holding from brokers, youâll get frustrated fast. If you expect a transactional process and show up professionally, things move. Persistence and professionalism go a lot further than trying to be liked. Thatâs just how the game works. If this has been confusing or discouraging for you so far, youâre not behind. Youâre just early. Iâll break this down further in upcoming posts, including how experienced buyers signal seriousness early so brokers know who theyâre dealing with.