After reading the book in April and constantly trying to come up with ideas for fastlane businesses and shooting them down, I have finally decided to act upon one and I would like some feedback (I have thick skin) on whether I should see it through or pivot.
Origin of idea - I am an independent insurance agent and being fairly young I deal with a lot of first time homebuyers. For the most part, these people do not have a clue when it comes to finding the right professionals to make the process easier. The four basic professionals in the homebuying process are the realtors, mortgage broker/bank, insurance professional, and a real estate lawyer for the closing. A lot of realtors don't seem too interested in this demographic for commission reasons as the commission is fairly low for a first time homebuyer home. Same thing for the insurance agent as premiums are not that high on a home that is right around $100,000. Getting a mortgage is the most stressful part and not having the right professional can be a nightmare. Closing costs can be expensive if you don't do your due diligence so finding the right attorney is important as well.
My idea is having a website that will connect first time homebuyers with these professionals then they will be able to rate these professionals based on customer service. I've already started working on the site but after watching MJ's video of taking proper action, I figured I'd ask fellow fastlaners for some help.
Thanks in advance for the feedback!
Origin of idea - I am an independent insurance agent and being fairly young I deal with a lot of first time homebuyers. For the most part, these people do not have a clue when it comes to finding the right professionals to make the process easier. The four basic professionals in the homebuying process are the realtors, mortgage broker/bank, insurance professional, and a real estate lawyer for the closing. A lot of realtors don't seem too interested in this demographic for commission reasons as the commission is fairly low for a first time homebuyer home. Same thing for the insurance agent as premiums are not that high on a home that is right around $100,000. Getting a mortgage is the most stressful part and not having the right professional can be a nightmare. Closing costs can be expensive if you don't do your due diligence so finding the right attorney is important as well.
My idea is having a website that will connect first time homebuyers with these professionals then they will be able to rate these professionals based on customer service. I've already started working on the site but after watching MJ's video of taking proper action, I figured I'd ask fellow fastlaners for some help.
Thanks in advance for the feedback!
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