MIAMI, FL – In the United States, 80% of people today are online, which equals roughly 347 million web surfers. Out of this evergrowing number almost 200 million purchase products online on the daily basis. What started out as a relatively minor market in the 1990s with Amazon selling books over the Internet and shipping them directly to the customers’ homes has developed into a multi-billion dollar market. Without having to leave the comforts of their homes, customers can shop for whatever their hearts desire, from toothbrushes to vacuum cleaners, from the latest Stephen King novel to tickets to the next Lady Gaga concert. And offers are by no means limited to products anymore, they have extended to services also – even insurance policies can be bought with a few mouse clicks.
Currently, the most popular insurance plans that are sold online are travel insurance, simply because many travel websites offer them in connection with trips or plane tickets. But Matt Argall, a renowned entrepreneur from Miami, Florida, has his eye on another market: “Given the increasing numbers in car sales that we could witness in the first quarter of 2014, the number of car insurance policies that are being signed is inevitably growing too. And considering how much business is done online nowadays, it is only a matter of time until the majority of drivers and car owners turn to the Internet to shop for a car insurance plan,” predicts Argall.
Matt Argall has been following the development on the car insurance market for some time now and is considering investing in the auto insurance market himself. The Internet has been providing great opportunities for many industries, but Argall argues that for car insurances, the online potential remains almost untouched. This could be due to the fact that customers are still shying away from making important decisions online: “A car is not a vacuum cleaner for which you simply get a two- or five-year warranty plan,” says Argall. “It is more complicated than that, since there are various factors to consider, starting from the state you live, to the make and model of the car, to the age of the driver. Costumers want to make sure that they get a policy that is right for them. A business model that takes that into consideration and offers both, advise from a competent team and the flexibility of online shopping, would be unstoppable.”
Considerations like this combined with his ability to develop comprehensive business plans are reasons why entrepreneur Matt Argall has launched one successful company after another over the course of his almost 20 year career. Argall does not limit himself to the industries he has prior experience in. Part of his success strategy is to be open-minded and constantly learning about new opportunities in the fields that might be completely unfamiliar to him. Looking at his prospering career, the strategy is apparently working. Despite his young age, Matt can already look back at a large number of successful business launches, which earned him recognition as a top entrepreneur and much sought-after business adviser. When Matt is not on the lookout for new business ideas, he likes to spend time with his wife and son in their sunny home state of Florida.