You can set up an independent salvage disposal company and help insurance agencies sell damaged goods accumulated with them during insurance claim process. You will primarily help in procuring buyers who make competitive bids for the goods. You will set up necessary infrastructure to advertise the sales, gather bids and submit them to the insurance company.
 |
The skills
Computer conversant with sound knowledge of general insurance claims. Domain knowledge gives the edge Specific qualification is not required.
Insight
“As an independent surveyor, one cannot spend much on advertisement and has minimal personal resources. This fueled me to launch isalvageauction.com with the intention of making the salvage disposal system most transparent,” Naresh Tagotra, isalvageauction.com.
How it was done
Naresh Tagotra started isalvageauction.com that provides free advertisement space and the sellers have all the control. The site acts as their own space where their own details get listed and interested buyers can contact them here. In its model of working anyone (surveyor loss assessor, individual, corporate body, government department or insurance company) can sell the insurance salvage without outsourcing the service to third party agency.
Investment - Rs 5 Lakh
Avg. Break even - 4 years
Margin - 15-20%
| < Prev | Next > |
|---|
