Schmidt Auto Brokers

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

May 30th, 2021
Mbali Schmidt
$1K
revenue/mo
1
Founders
1
Employees
Schmidt Auto Brokers
from Online
started November 2020
$1,000
revenue/mo
1
Founders
1
Employees
market size
$80B
starting costs
$11.7K
gross margin
90%
time to build
210 days
growth channels
Email marketing
business model
content-library
best tools
Hubspot, Twitter, Instagram
time investment
Full time
pros & cons
39 Pros & Cons
Discover what tools recommends to grow your business!
Discover what books Mbali recommends to grow your business!
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Note: This business is no longer running. It was started in 2020 and ended in 2023. Reason for closure: Shut down.

Hello! Who are you and what business did you start?

Hello Starter Story!

My name is Mbali Schmidt. Mbali is pronounced as M-Ba-Lee. I am a wife and a full-time stay-at-home mother of two children. I started Schmidt Auto Brokers 5 months ago.

Schmidt Auto Brokers is a service business that connects dealerships in South Africa with people that need to get cars. We work with Rent-To-Own dealerships in South Africa. Our services are to connect dealerships and those who are declined car financing by the banks because of their bad or low credit scores.

My business is in a very competitive industry and requires quite an amount of work on our part i.e. intensive marketing and advertising. I must say though since the launch of the business to date we are beginning to see the business coming through. We have successfully made some deals. We are currently making an average of $1,000.00 per month.

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