REASON 1. YOU DO NOT NEED A BIG
CAR LOT WITH MASSIVE OVERHEAD: You can choose to be low key and sell
just one car at a time, or five cars at a time, or twenty cars...or a have a
huge car lot with one hundred cars. It’s up to you and what you want to do. I
suggest you start small. And for what it’s worth, I've never had a car lot and
have sold some few cars in the past through OLX and Nairaland. There are so
many online platforms where you can display your cars for sale, many of these
online shops are free to register with, all you need is one or two verification
documents and you can advertise for FREE!
REASON 2. YOU DO NOT NEED LOTS OF MONEY TO START: I have a banker friend who started with only $1,000...and he has bought much cheaper cars than that in the past 2 years, he even bought some for as little as $500 on Copart, AIAA, American Auction,etc. And if you think you had to put hundreds of thousands of naira before the car is sold, then you may be wrong! Some of the car required only a little above N50k to get it ready for selling and its sometimes
sold faster and profits ranges between N150K-N300K.
REASON 3. YOU DO NOT NEED AN EXPERT KNOWLEDGE OF AUTOMOBILES: I knew almost nothing about car dealership when I started and still don't like to get myself into full-time Auto business. However, knowing the names of the automobile, prices, models and common sense is the key to plugging in into the market, when you do this with the proper guidance and due diligence, you will surely earn a reasonable residual income from the business.
REASON 4. FREE HOURS FOR OTHER BUSINESS VENTURES: Having free time to do other things in my life besides work is extremely important for me, and is a major part of the thing that makes quality-of-life a reality for me. Auto car business allows you to have all the time to venture into other side businesses as you do not need to be physically present where your car is displayed. Once the car pictures are displayed online with the ask price, negotiation can take place through mail or phone calls pending when the car is physically inspected after which a deal is concluded. The last car I sold, a Honda Accord 2008 model was paid for on a Sunday afternoon by a banker who saw it online the previous Saturday.
REASON 5. YOU DO NOT NEED TO SELL BRAND NEW CARS TO MAKE YOUR MONEY: You might be surprised to know that those big shiny new car dealerships make very little profit from the sale of new cars except for Dealers like Elizade, Coscharis, Globe Motors, Carlinks, etc who supplies corporate establishments and Government parastatals. Most Auto Dealers highest profits come from selling used cars. The profit they make from new car sales is mainly because they aggressively push aftermarket extra's like License Plate registration, Vehicle Insurance, Car Trackers, Engravings, Accessories, etc. But again, their biggest profits come from selling used cars. In fact, during this current recession, dealers such as Elizade, Coscharis and others have placed adverts in the dailies for sale of used cars. Most of the cars were given to companies on auto lease arrangements for about 3-5yrs and once the lease period has expired, the cars are withdrawn and replaced with new ones, as a matter of fact, the used cars are put up for sale to interested buyers.
REASON 6. YOU DO NOT NEED TO QUIT YOUR DAY JOB TO DO THIS BUSINESS: Part-time or full-time - it does not matter. The flexibility and free time offered from buying and selling used cars will allow you to keep your current job forever. if that’s what you want. This is the perfect part-time business (with a full-time income) that can evolve into full-time work later if you so desire.
REASON 7. YOU NEED NO HIGHER DEGREE TO TRANSACT WITH PEOPLE: I'm not a Mechanical Engineer, neither do I attend a course in Auto Business, but because I spend more time surfing the internet for trends it is easy for me to get most information about the auto world, and this suits me just fine. I have seen people from other professional circle doing the Auto dealership business and it has not in any way affected their career.
REASON 8. YOU CAN SELL USED CARS FOR PROFIT ANYWHERE IN THE WORLD: Wherever you may be in any part of the world, the business of used car dealership defies distance barriers as long as there is internet connections for you to source for used cars, display your cars on Online shopping platforms or auction sites and a bank account to receive your payment.
REASON 9. YOU CAN ACT AS AGENT OR
BROKER FOR A DEAL AND STILL MAKES YOUR MONEY: I have acted in many
capacities as an agent or broker in a number of transaction and in turn earn
commission for my effort. The Auto business
is not an exception as you do not need to have the particular kind of car
requested by a prospective client; all you need to possess is the right
information as regards who has the product.
For your
Business Registration, Brand Marketing, Business Proposals, Strategic Business
Development, Content Management, SMS and E-mail Marketing, Expatriate
Quota/Work Permits, SMEs start-up.
Contact us at:
Prospective Ideas Nig Ent.
5, Atunwa Street off Unity Rd,
By Custom Training School
Ikeja.
Lagos -State.
+2348034201291; +2348170327317
lekanolanite@gmail.com.
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