Prospecting Agent

Startup Costs: $50,000 - $100,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? Yes

In a nutshell, a prospecting agent generates and qualifies sales leads for their clients. However, the service should not be confused with a telemarketing service, as a prospecting service never attempts to close a sale or go beyond qualifying a sales lead for their clients. Prospecting agents are paid for each lead they generate, and the higher the value of the client's products and services, the larger the fee for supplying qualified leads. Additionally, some prospecting agents also generate sales leads first and then sell the leads to the highest bidder. An example of this would be a prospecting agent that sets up a display booth at a home and garden trade show and collects names, addresses and contact information from people that are considering a home improvement renovation. The type of renovation they are considering will dictate what kind of home improvement company the prospecting agent will approach to purchase the leads.

Prospecting Agent Ideas

Book Indexing Service

Are you a master organizer? Try book indexing.

Launch Service

Help businesses launch their products and services.

Association Manager

Handle the management tasks that association members don't have time to tackle.

More from Business Ideas

Side Hustle

He Started a Salty Backyard Side Hustle That Out-Earned His Full-Time Job and Now Makes Over $1 Million a Year: 'Take the Leap'

In 2011, Kyle Needham turned his passion for oysters into a business that saw consistent monthly revenue "right away."

Side Hustle

When This Entrepreneur Couldn't Decide What to Name His Business, He Started a $2,000-a-Month Side Hustle to Help — Now It Earns Over $10 Million a Year

Darpan Munjal, founder and CEO of AI-powered startup ecosystem Atom, offered $50 to anyone who could help with the creativity block.

Leadership

AI vs. Humanity — Why Humans Will Always Win in Content Creation

With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.