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Be an auto broker [online/offline]

Discussion in 'Making Money' started by 2011nfl, May 2, 2012.

  1. 2011nfl

    2011nfl Supreme Member

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    One of my best friends has been doing this for a while on the side and he is doing very well with it.

    To become an auto broker all you have to do is contact dealerships and ask them if they use brokers. If they say they do, then ask what their qualifications are, and how much commission the average sale brings in. (my friend averages between $200 and $500 per sale) Now if you want to be an auto broker, there is 2 different ways it works.

    Most of the time it works just like referral fees. Basically, you post an ad for the dealership, and use your contact info. You then arrange an appointment for them to meet with a salesman at the dealership, and if a sale is made, you get paid the referral fee.

    The second way: Some companies have software that you can load onto your computer, then you actually key in the applicants info and get them approved. Now obviously this way pays more on average than the other way because you are doing all of the work that the salesmen don't want to do.

    You can choose to work with just one dealership, or you can work for multiple dealerships. My friend works for only one dealership, and he uses the second method (software), but you can probably make more money if you worked for several companies.

    The good thing about this is, that you can do this in any city. Lets say you live in L.A., you can post ads for a dealership in NYC, Miami, Atlanta, Dallas, Chicago........

    I know this isn't the normal IM, but it is something you can market online and make a descent income. :D
     
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  2. Dollwin

    Dollwin Registered Member

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    Don't you need a licence to be an auto broker?

    On the basis that you're just working as a referral guy, how do you prevent them from shaving you from sales or just straight up not paying?
     
  3. Jeppe

    Jeppe Registered Member

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    Who cares if it's online or offline so long as it makes money what does it matter, or am I missing something?
     
  4. angelas111

    angelas111 Jr. VIP Jr. VIP Premium Member

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    this is a really good way to earn some extra money. most dealerships that i know of will pay bird dog fees from $100 to $200. that is if you simply refer them and turn them over to the sales people. i suppose you can negotiate a higher amount after you show them some decent sales. and as far as shaving if they want to keep getting your leads they won't shave you. i never heard about the software part, do you know what company does that?
     
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  5. 2011nfl

    2011nfl Supreme Member

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    No, you don't need a license to be an auto broker (atleast not where i live) I'll check the laws for all states today just to make sure, but im pretty sure you don't.

    Really, a broker is just a fancy word for someone who works on referral basis when it comes to the auto industry.

    And as far as shaving: As angelas111 said, if they want the leads, they would not do that. Plus they know that you have the applicants contact information and can contact them at any point to check.
     
  6. agkfal

    agkfal Regular Member

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    Your not an auto broker, he just useing the name to glorify the job. He is just a refferal/lead source.

    Most Bird Dogs are 100-200 on new cars, on used , there are way more margins unless he sales rep drops his pants on the sale. Try to get 200-400. 500 is exessive if you know anything about how the "Backs tabbing" Car industry works.
     
  7. AQGrimm

    AQGrimm Junior Member

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    Looks like too much work for me :p
     
  8. Jeppe

    Jeppe Registered Member

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    That, is why you will never be wealthy. Good luck bro.
     
  9. ok888

    ok888 Jr. VIP Jr. VIP Premium Member

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