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2) You need to know where to look for
information. Although there are countless sources of information, if you do nothing else but tap into
world's largest source of free information, you can find virtually everything that you need. That source is
U.S. Government. [I've spent 25 years of my life as an information broker, and I have yet to find a source of information more comprehensive than
U.S. Government.]
Do you want to get an idea of just how vast
government's information reserve is?
If you took all
major commercial publishers in
United States, they collectively produce 50,000 new titles in all
libraries and bookstores around
country in a single year. In contrast, one single publisher in
government (the National Technical Information Service) publishes over 100,000 titles a year. Multiply that by
number of government agencies that produce information, and
amount of information becomes absolutely staggering!
The range of subjects on which you can find information is also mind-boggling: The government not only counts people,
number of jelly beans manufactured in
country, toilets installed, and how many potatoes grown; but also gives investment trends and opportunities likely to show up in
Wall Street Journal in weeks; it also answers any legal question better than
highest paid lawyer. There are 700,000 government experts in any field you can imagine, who will give you free information simply because you asked.
How to Use
Information You Gather:
1) Find customers who need, and are willing to pay for, specialized information. Position yourself as someone who knows how to find information on practically everything, but do narrow down
types of information you can get for your customers' specific needs. That way, you zero in with
precision of a sharpshooter, instead of just firing a shotgun that goes in all directions.
As an information broker, always remember what Willy Sutton said when asked why he robbed banks. He said, "Because that's where
money is." You need to live by
same slogan if you want to stay in business. Choose
path of least resistance. Choose a customer base that consists of rich people or big companies that have money to spend on finding out how they can get richer -- and are willing and able to spend it.
2) Gather specialized information that would be of great interest to a specific business sector (example: Internet marketers). Position yourself as an expert on a particular subject, then write in-depth special reports that feature
specialized information you found, package them in an e-book, and make them available to Internet marketers for a fee. As an alternative, you may also create a newsletter that regularly updates
specialized information - and make money on
paid subscriptions.
More and more businesses are realizing
value of having good information for good decision-making. Whether big or small, a business can't succeed today unless it keeps up on
latest information.
What kind of information do businesses need? They need information on their markets, their competition, technology, money sources and regulations, for starters. Develop a sensitivity to
needs of your prospects by asking them directly what they need. From that, you can determine
kind of information that would best satisfy their needs.
Here's a useful tip: You'd do well to develop a 'hook." A "hook" is a marketing term that makes it easier for people to purchase your services. It's taking
situation I mentioned earlier about "knowing how to find information about practically anything" and refining it down to a specialty. If you specialize is some interesting aspect of
information brokerage industry, it's easier to attract your prospects' attention.
Define your niche by identifying
customer group that you specialize in helping: small businesses, or non-profit organizations. Or, you can define it by
area of information you want to deal with, such as health information, company information, or international information. Another way you can describe your business is by
medium of
information you want to provide, such as: only database searches, only document retrieval, or only interviewing industry experts.
I was fortunate enough to have started in Washington D.C., where I developed
hook of government information. It gave me an instant edge over my competitors, even though I had no more experience gathering information then they did. To make a long story short,
government information I've amassed over
years have earned me a coveted position of being a New York Times syndicated columnist, and I've even authored two New York Times best-sellers featuring information that I've obtained for free. I have also been privileged to be regularly featured as
nation's top expert on government information on TV programs such as Larry King, Oprah, David Letterman, Jay Leno,
Today Show and Good Morning America.
The key to becoming a successful information broker is be
first to find
information, and deliver it on a timely basis to those who want it. Then sit back and watch
money appear out of thin air!

Matthew Lesko is a New York times syndicated columnist, and author of 2 New York Times best-sellers. His latest book, "Free Money for Entrepreneurs on the Internet" identifies hundreds of little-known sources of free government money for "net-repreneurs" and reveals the secret formula for easily obtaining the money for your business. http://www.roibot.com/r_fsfe.cgi?R16916_fs2text