After you have gained knowledge of the industry and are set-up to transact business, your next step is consistency. Many energy brokers mis out on the chance to develop a strong, recurring income stream due to lack of focus.
Since each energy supply contract pays you a small commission for arranging the deal, it is important to continually add new customers to your book of business. If you can find a way to constantly prospect new customers, offer quotes, and sign contracts, you will slowly and surely develop a residual income stream.
The energy broker business can be quite lucrative if you can discover how to balance getting new business while maintaining your existing customer base. In fact, your income will begin to build upon itself. Here are some tips for developing a strong income as an energy broker.