7 Auto Broker Success Stories [2024]

Updated: November 19th, 2023
Start An Auto Broker

Here are some real life success stories of starting a auto broker:

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 they make: $12K/year
How much did it cost to start: $10K
Current team size: 1

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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.

About
Mbali started Schmidt Auto Brokers over 3 years ago
Revenue
Mbali grew the business to $1K/month
Costs
It cost Mbali $10000 to start the business
Read by 3,337 founders

2. Free Website Builder For Your Business

Google My Business can automatically generate a free website for you using info from your Business Profile, and you can edit it anytime.

Website traffic: 66M/month

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So... can you actually make money with a auto broker?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. Insurance and Financial Services Company – Nationwide

Nationwide offers insurance, retirement and investing products that protect your many sides. Get home and auto insurance quotes online or find a local agent.

Where they're located: Columbus, Ohio, USA
Website traffic: 4.31M/month

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5. Esurance

Start a fast, free auto insurance quote with Esurance. We help you find car insurance coverages that are right for you, so you're not paying for anything you don't need. Plus, when you bundle your auto and homeowners policies, you could save even more!

article

So... can you actually make money with a auto broker?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now