Based Business Ideas Part 2
Minimum Start-Up: $500
Average Start-Up: 15,000
Revenue: $35,000 - $1 Mil+
Profits: $20,000 - $500,000
One Person Business: Yes
Auditing is not a matter of magic. If you
have the patience to sort through
regulatory tariff and have a keen eye to spot billing inconsistencies,
can conduct an audit.
Auditing utility bills has become one of
the most popular areas of
concentration for auditors because of the inherent complexity
of billing for
utilities. Utility rates are highly confusing because they differ
on type of service, volume of useeage, and promotional packages
the time of installation.
Utility Auditors earn commissions, usually
around 50% of any overcharge they
uncover. And this is where you may need to exercise more of your
Although utility companies would gladly settle a verifiable overcharge
(relatively quickly out of court), it may ake them up to six months
any refund. This is particularly true with larger utility firms.
Most clients prefer to pay auditors on commission
basis for two reasons:
No upfront cash outlay, and no risk if the auditor comes back
For the auditor, working on commission offers distinct advantages:
it easier for them to land clients, and it usually enables hem
to earn more
than if they would take a basic fee.
MAKING THE SALE
The biggest challenge facing auditors is
to get a poteneial client to admit
that "there is a high probability that they (the client)
overpaid for their
utilities without knowing it". This issue is usually not
a problem if the
client is a small business where the owner makes all the decisions.
th executive committee of a major corporation may feel threatened
they"ll be held accountable for irresponsibly overpaying
Your job is to convince your potential client
that overcharging does happen
and that it is the job of an outsider auditor, and not people
the company, to "fix" the problem.
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