Auto Broker

2 Auto Broker Success Stories [2024]

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Updated: September 24th, 2024

Are you passionate about cars and adept at finding the best deals? Consider becoming an auto broker.

An auto broker bridges the gap between car buyers and sellers, negotiating deals to secure the best prices and terms for clients. Essentially, you'll be using your car knowledge and negotiation skills to help people buy or lease vehicles without the hassle of dealing with car dealerships themselves.

This business is ideal for those with a keen eye for detail and superior salesmanship. You will need to network with dealerships, stay informed about market trends, and build a client base. Over time, you can establish a reputation for securing the best deals and providing exceptional customer service.

Starting as an auto broker requires effort in marketing and building relationships, but the potential for a lucrative and fulfilling career is significant. If you have a passion for automobiles and a talent for negotiation, this could be a rewarding path.

In this list, you'll find real-world auto broker success stories and very profitable examples of starting a auto broker that makes money.

1. Schmidt Auto Brokers ($12K/year)

Mbali Schmidt, a stay-at-home mother, started Schmidt Auto Brokers after hearing about the challenges people face in getting car financing due to their credit scores. She saw an opportunity to connect Rent-To-Own dealerships with individuals who have bad credit scores and are declined by banks. Since launching 5 months ago, Schmidt Auto Brokers has already helped multiple customers and is making an average of $1,000 per month.

How much money it makes: $12K/year
How much did it cost to start: $10K
How many people on the team: 1

On Starting A Business By Connecting Dealerships In South Africa With People Looking To Buy A Car

Schmidt Auto Brokers is a five-month-old South African business connecting people with poor credit scores to rent-to-own dealerships; despite being in a highly competitive arena, the business is averaging $1,000 a month and plans to invest more in marketing and advertising to continue growing and helping improve drivers' lives.

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2. Car Blog ($10.4K/year)

Steven and Jenny, a husband and wife team, decided to ditch the traditional mortgage lifestyle and move abroad. With limited transferable skills, they turned to the emerging internet. Steve focused on building a portfolio of income streams, including blogs, while Jenny developed technical skills. Their blog, carblog.co.uk, now generates $870 per month, providing them with a reliable income source as digital nomads.

How much money it makes: $10.4K/year
How much did it cost to start: $60
How many people on the team: 0

How We Started Our Business Of Thematic Websites While Living Abroad

A husband and wife team developed a portfolio of online businesses generating income to cover their basic bills, allowing them to travel and develop other businesses, with one blog generating around $870 per month.

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Read by 5,154 founders