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FIB - Scams 101 - Ye Olde Archives
Posted By: Mike S. In Response To: Selling Appliance extra Warranties (Robert Corlieto)
Thursday, 8 June 2006, at 5:43 p.m.
Boy that's a hard sell! If you want something to sell and make a nice profit, find a roofing company or two and learn to quote new roofs. Then go out and look for roofs on their last leg and throw a quote in the door. You can do an estimate on any basic roof from the curb. You put an up charge of .25-.50 a ft. and that's your commission. I know an old guy does this all summer and makes 2500-3500 a month working three days a week at most. There are more details to this, but you get the idea. Then once you get that gig going, you are going to find people asking you if you know someone that does this or that. So you build a network of other trades and handymen and refer people to them for a consideration or you sub them directly and before you know it it can get out of control. Wherever there is high demand there is room for another player. It's like a conversation I had with a guy about going into landscaping. He thought the market was saturated and didn't want to jump in. I told him " are you nuts?" If there are a hundred guys doing a good amount of business, all you got to do is steal one customer from each and now you're the top dog! That's a whole other story. There's a lot of money to be made out there, you just need to by receptive when it hits you in the head. Extended warranties sound like a lot of work for a small commission.
Mike S.
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