5 Profitable Automobile-Related Business Ideas
Starting your own automobile-related business is extremely profitable. And that’s because automobiles, like people, will always need maintenance and repairs. If you’re short of ideas on which sector to start in, here are a few ideas worth considering.
1. Car Accessories Store
It can’t be easy to build a car accessories store, can it? You bet your bottom dollar it can. Starting a car accessories business is as easy as selling body kits, rims, stereo systems, alarms, and the like.
Therefore, this venture is the perfect package if you have selling or marketing experience. However, you will need to calculate your startup costs. For instance, you will have:
- Building rent
- Upfront costs for accessories, business insurance, and so forth
- Retail space
Once you get those out of the way, you can start selling accessories and work your way up to handsome profits. Consider offering such things as:
- Paint protection
- C5 Corvette parts
- USB chargers
- Side moldings
- Upholstery fabrics
- Bed extenders
- License plate frames
Your success will depend largely on the quality of your equipment, what kind of deals you secure, the markups for your services and the intensity of your advertising.
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Do you have a passion for working with cars, trucks and motorcycles? Towing vehicles may be for you. Vehicle accidents happen all the time, in any season, so this automobile-related business is always in demand.
3. Auto Body Shop
Auto body shops provide both auto body repairing and new body builds. There are countless vehicles on the road in the United States alone. As a matter of fact, in 2014 there were 253 million vehicles on US highways.
This automobile-related business could be right for you if you have a knack for trading goods or items. The same could be true if you have a talent for selling spare parts and accessories.
Luckily, your work won’t be monotonous. That’s because an auto body shop offers a wide array of services. It all depends on you.
This means it’s perfect if you’ve spent the past few years painting and refurbishing “bruised” cars or motorcycles. Similar to how janitors will never go out of business, as offices and homes forever need cleaning, there will always be a demand for refurbishing damaged vehicles.
That’s because, as we pointed out earlier, accidents will always happen. Enough said.
4. Battery Reconditioning
We live in an environmentally conscious age.
Manufacturers can now make batteries for vehicles that depend on the use of renewable forms of energy. This is great news for consumers, since these types of batteries require less maintenance, thus saving consumers money.
Here’s the deal, though: These batteries still need to be repaired and reconditioned from time to time.
This is where you come in. You need only have basic skills and knowledge about battery reconditioning to launch this kind of automobile-related business. What’s more, you won’t need to pay a king’s ransom to set your new business up.
One drawback to keep in mind, however, is that you’ll be dealing with mixtures of chemicals, formulating them and working with acid crystals.
5. Service Station
To give you an idea of the demand for this type of automobile-related business, auto manufacturer Toyota produced more than 10 million cars in 2016 alone.
So rest assured that you’ll have plenty of customers, even if your service station isn’t in a high-traffic location. That’s because, as we all know, cars need service repairs on a regular basis.
Clearly, the automobile aftermarket is a continually growing and globally diversified industry. Therefore, the businesses that repair and care for the cars we drive will continue to grow exponentially in coming years.
However, the ideas you’ve just read about are just enough to get your gears turning. Can you think of another automobile-related business or two?