I want to build a business that makes it easy for people to compare prices for different financial products in the market. Comparing prices of financial products such as insurance, bank accounts and loans involves visiting different institutions physically. Since prices are not readily available for comparison, the financial market is inefficient, and consumers have to pay more. I would like to build a site that generates quotes from different financial institutions, listing them starting with the cheapest. This not only saves consumers time and money, but in the long run brings efficiency in the market as institutions compete on prices, and consequently, lowering insurance premiums, bank charges and interest rates.
Expansion would involve providing quotes for non financial products such as cars and electronics.
The revenue of the company would arise from commissions and introduction fees paid by financial institutions, as generation of the quotes will be free of charge for the user.