After your initial investment in these Auto Broker Modules, then of course you will need some additional funds to get your business up and off the ground and running successfully.
Obviously, you will be able to make significant savings because you are running your business from home, but there are certain costs that you cannot ignore.
For instance, there are certain ongoing costs associated with marketing that you will incur (setting up a website for example). You will also need to purchase particular car valuation trade price guides, and other materials to help run your new business. As a rough guide, we would normally recommend that you should budget for anywhere between $4,000 - $6,000 for your overall first-year costs.
This may sound quite a lot, but in reality, when you remember that this is your very own brand-new business, then you want to ensure that you are giving it every chance of success - and of course much of this cost would be spread throughout the year.
And remember, you're only sourcing cars - you're not actually having to buy, store or insure any cars - so there's no financial outlay (or risk) there - and we will show you the best places to go and look for great car broking deals.
So, if you've ever wished you could start to earn some extra income from a few hours a week part-time, or you're looking to start your own business, then this could be the ideal opportunity for you.
But always remember... starting any new business means showing the right commitment to your new enterprise, be this financial or otherwise.
With the whole Auto Broker Business Package being available in modules, you don't need everything at Day One!
The principal module of course is the Business Manual - as this is the 'core' of the system. This comprehensively shows you exactly what you should be doing right from Day One, and then on a day-to-day basis and provides you with a very detailed understanding of the marketplace and how to get your business up and running and profitable quickly and efficiently.
Everything you need to know about running your new car broker business is detailed in here.
We would recommend purchasing either this first, or perhaps the Frequently Asked Questions module – indeed this provides you with a great insight into all the questions that have been asked over the years, together with all the answers… and there isn’t much else to know about once you’ve read all of these!
So, we not only acknowledge the questions that customers ask us, but we’re also happy to share this information so that it can and does benefit everyone. It’s absolutely invaluable!
Currently the FAQ document within this module runs to over 40 pages, so is extremely comprehensive in the level of questions & answers that are available.
You just have to know what you're doing. So, take things slowly and follow everything we show you. With the whole Auto Broker Business Package being available in modules, you don't need everything at Day One!
But what these modules will do is give you all the information you need to get your business up and running.
Do everything that we say, and you won’t go too far wrong.
And you needn’t be alone either, because if you purchase the ‘Business Support Package’ module, then this will ensure that we will be there to support you and provide you with all the advice, guidance and help that you need.
At the end of the day, this is why it's essential to work with people who know exactly what's required to be successful, and to get the maximum rewards for your efforts.
You could build up your auto broking business without ever leaving home - but it is really important to still see what's happening all around you, so let's look at sellers and buyers in turn.
Sellers - Of course they could be anywhere in the country (indeed they could even be in another country), so too far away and it's likely that you will never get to meet most of them. But if they do happen to live locally (say within 30-50 miles of where you live), then that's different - and it would certainly be very worthwhile going to meet them in person and to view the car yourself that they’re looking to sell.
Buyers / Dealers - It is certainly important to visit some dealerships (both network franchises and certainly independent specialists), again say within a 30-50-mile radius of where you live - to introduce yourself to the buyers there. Explain who you are, what you do and the service that you can provide - which is to help them to source the cars they need - either for stock or to fulfil any particular customer requirements.
And whilst you're there - don't forget to leave some business cards!
It's all about getting yourself 'out there', getting yourself and your business known, enhancing your 'presence'. and gradually building your network of contacts.
TOP TIP - First impressions count for so much - and typically you have just one chance to impress! Wear appropriate business attire. Most people who work in car dealerships dress smartly - so you need to do the same. Make sure you come across as credible and professional.
You certainly can!
Actually, we usually recommend you start off like this. You can then remain in your current employment and build up your auto broking gradually. Doing this means you will keep your current job and regular income and won't put too much pressure on yourself while you are staring out.
All it takes when you start broking is a few hours a week so you can organise everything and do your research. It is easy to fit this around your schedule by working a little here and there in the evenings and on the weekends. Most of the work will also be online.
But, you must remember how much work any worthwhile business will require. Auto broking is no exception and you will need to put the effort in. However, you can start working at home in your spare time and build your business, all without leaving your job.
The great thing is YOU can decide if and when you want to go full time with broking - do it when it is right for YOU, never rush it.
This business is no different to anything else around - in that if you're not passionate about the products you're dealing with - then you won't succeed.
In this case it's cars of course. And there is so much to learn about the cars that you will be dealing with, that if you don't love cars and are passionate about cars - then you won't succeed. Do something else!
BUT... if you do and you are, then hopefully if you've read everything on this website, then you should have a good 'feel' as to whether this business is for you.
Equally by now, you should also have a good understanding of what car broking is all about, how it works, and how you can make a good income from it.
Unfortunately, a lot of people make outrageous claims about their products and make claims they can’t back up with facts. We don't make any false promises, and you're not pressurised to make a decision, or indeed do anything.
We like to think that this business speaks for itself. There are no restrictions on how or where you operate - and we're there to support you all the way!
Yes, it takes hard work to succeed but it all depends on your own situation. Like any business, you only get out what you're prepared to put in!
Once you're established - then by working relatively consistently throughout the week, you should be able to source and sell on at least two or three cars per week, so anything from $500 to $1,000 a week is possible - perhaps more!
Everything is dependent on the car itself of course, its age, its condition, its value etc - but if you're brokering high value cars (for example) then your commission could potentially be in the $Ks - but every deal will be different.
It's about knowing the business, knowing your customers and seeking out those great deals that are always out there - but it's always about putting in the effort to find them.
But remember... even if you sourced and sold on just ONE car a week at a $250 fee, that's still some $13,000 per year - and that's just for starters. Two cars a week means upwards of $25,000 a year. Just three cars a week and you’re close to $40,000 a year - and that's just from dealing in the volume sector.
As for "How Soon?", well you could be up and running in a matter of days.
But let's also be realistic here! This is a new business for you, and it will take time as there is a lot to do in the initial weeks. So, 2-3 months is more realistic. Like anything else in life, you only get out what you're prepared to put in.
But the good news is...it is a viable way of starting up your own business! You can realistically expect to earn anything from $250 - $1,000 per week (and possibly more). On average, you should normally make a minimum of $250 for each successful deal you broker - but it can easily be more.
Whichever way you look at this, at least you can have some realistic and achievable goals. But as regards your potential earnings, why limit yourself? Your income is only limited by how much you want to succeed! If you want to do it part-time, great. However, if you want to really go for it, and work hard, those earnings could rise to $25,000, $40,000, $50,000 a year - or even more.
No, there are not! This is not a franchise where you only have a designated territory to work in. You can trade anywhere!
This is YOUR business - so you have complete freedom and there are no restrictions placed on you at all. You can work wherever you want, source cars from wherever or whoever you want and find buyers from wherever you want.
Equally, because this is not a franchise operation, there are no additional payments that you have to make to Auto Car Brokers – no commission on sales, no royalty payments, nothing!
As we have said before, the used car market in the US is huge. The size means it is unlikely you will find yourself in competition with another broker.
Every day in the US thousands of used cars change hands. So, the opportunities are incredible.
Surprisingly, there are not that many auto brokers around in the US, especially for the size of the market. So, you can create a really successful niche business for yourself.
This is an ideal time to start broking!