The sale of electricity and natural gas in deregulated states is one of the fastest growing trends to building residual income. Anyone with some charisma and sales ability can hook-up with a licensed energy broker and start selling energy. The sale is simple and goes something like this…
- A commercial or residential customer is paying 8 cents per kWh for electricity with their local utility company.
- An energy sales person prices their account through a broker and get multiple quotes from various energy resellers or suppliers.
- The lowest quote is 6.5 cents per kWh fixed for the next 12 months.
- The sales person adds a margin to the rate of 0.5 cents per kWh and is paid his margin every month multiplied by the customers usage.
In this scenario above, a sales person can make thousands of dollars per month off their customers energy usage – depending on the size of the customer. For a larger industrial factory using 5,000,000 kWh per year, that 0.5 cent margin equates to $25,000 per year in recurring income.
Energy sales people can develop books of customers and to continue to build their monthly residual income. And, there really is no maintenance. If the customer has an issue with their bill or service, they simply call their utility company who is still responsible for maintaining the account. It’s really that simple!