Are you an entrepreneur that’s a bit of a motor head? Starting a vehicle based company could be a great way to go, not only do you get to indulge in your passions but there’s plenty of great reasons why these kinds of businesses do well. From car valeting to repairing garages, buying and selling used cars, mobile tyre changing and more, there are a hundred different directions you could go in. Here’s what you need to know.
Car businesses are in a growth industry
There are more cars than ever on the roads today. Any business associated with cars has the potential to do well as your customer base is huge. When starting up a new venture it’s always important to consider the future of it and where things could go, when it comes to cars and vehicles it’s a pretty safe bet that people will need and be using them for the foreseeable future.
Potential for great profit margins
Another important thing to look for when you’re setting up a business is what kind of profit margins you can expect. And when it comes to cars, there’s often the potential to earn well- people are willing to pay for these professional services (such as car cleaning, repairs, tyre changes etc) because they take pride in their vehicles and also because it’s not something most people can do properly themselves. From repairs to keep the car safe, to anything involving modification and improving the performance or aesthetics, you can pretty much guarantee that you’re able to make a good profit.
Fantastic technology makes life easier
The current pandemic has caused serious issues for most of us at work. However, it’s thanks to great technology that many of us have been able to adapt. Since many types of car businesses are considered essential they’ve not needed to close at all, but others have been able to use technology to keep going. Take SnapCell for example, this automotive video tool allows dealers to create walk around videos to support with the sale of a car. It can also create technician videos to show customers any vehicle work that needs carrying out. That way you can still continue to trade right now without having customers coming in just to look around. It also allows you to sell to those that live further away as not everyone will want to drive for miles to see a car unless they’ve already seen it in detail, and know it’s a definite possibility
Flexibility in business
When it comes to many types of businesses with cars and vehicles, you have the choice between being fixed or mobile. If you want to set up a physical store you can hire premises and have customers come to you, otherwise you could get a van and go mobile or just travel out to customers at their home or place of work. Being able to clean, detail, repair, programme keys or chcars from customers own driveways provides a convenient service for them and can also save you money compared with renting premises. You could even do a mixture of both, have a fixed unit and then a number of teams that go out mobile too.
